"Worldcom summary" Essays and Research Papers

Sort By:
Satisfactory Essays
Good Essays
Better Essays
Powerful Essays
Best Essays
Page 1 of 50 - About 500 Essays
  • Satisfactory Essays

    Worldcom Scandal

    • 464 Words
    • 2 Pages

    WorldCom Scandal A summary of WorldCom fraud would include having to describe the greed that would eventually destroy one of the largest communications companies in the United States and world. A humble motel owner‚ Bernard Ebbers took a small long distance company in 1983 and turned it into one of the most successful businesses in the country. It was not so much the business operations that caused the company to grow but the aggressive acquisitions that made the company grow. In its day‚ CEO Bernard

    Premium Mergers and acquisitions Fraud

    • 464 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Worldcom Scandal

    • 582 Words
    • 3 Pages

    WorldCom Scandal Formerly known as WorldCom‚ now known as MCI‚ this U.S.-based telecommunications company was at one time the second-largest long distance phone company in the U.S. Today‚ it is perhaps best known for a massive accounting scandal that led to the company filing for bankruptcy protection in 2002. In 1998‚ the telecommunications industry began to slow down and WorldCom’s stock was declining. CEO Bernard Ebbers came under increasing pressure from banks to cover margin calls on

    Premium Corporate governance Fraud Bankruptcy

    • 582 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Beginning of a Whistleblower Bernie Ebbers‚ Scott Sullivan‚ and other members of top management intentionally led Mississippi’s pride and joy‚ WorldCom‚ on a 5-quarter charade filled with smoke‚ mirrors‚ and much intimidation. They did it hotly pursuing success‚ monetary gain‚ and the praise of their fellow statesmen. They did it by abusing work relationships and intimidating employees with promises and threats. Ultimately‚ they ended up “losing their footing” which caused them and‚ in turn‚ others

    Premium Fraud Internal audit Accounting scandals

    • 3909 Words
    • 16 Pages
    Powerful Essays
  • Good Essays

    Executive Summary

    • 1070 Words
    • 5 Pages

    Executive Summary The purpose of an executive summary is to summarize a report. Executive summaries are written for executives who most likely do not have time to read the complete document. Therefore‚ the executive summary must cover the major points and be detailed enough to mirror the content yet concise enough for an executive to understand the substance without reading the entire report. An executive summary differs from an abstract. Readers use an abstract to decide whether to read the complete

    Premium Broker Writing Investment

    • 1070 Words
    • 5 Pages
    Good Essays
  • Better Essays

    Worldcom

    • 1138 Words
    • 5 Pages

    Concepts a. (i.) According to FASB Statement of Concepts No. 6‚ paragraph 25‚ assets are probable future economic benefits obtained or controlled by a particular entity as a result of past transactions or events. They represent probable future economic benefits controlled by the enterprise. According to FASB Statement of Concepts No 6‚ paragraph 80‚ expenses are outflows or other using up of assets or incurrences of liabilities (or a combination of both) during a period from delivering or producing

    Premium Depreciation Generally Accepted Accounting Principles Asset

    • 1138 Words
    • 5 Pages
    Better Essays
  • Good Essays

    WorldCom

    • 591 Words
    • 3 Pages

    CASE NAME: WorldCom: Keeping Planes In the Air 1. Briefly describe the important aspects of the situation. WorldCom had asked its accountant to make accounting entries dipping into reserves to help the company to meet its earnings target. WorldCom had been done these financial reserves for three quarters and intended to do so thereafter. The telecommunications industry was in a severe slump. WorldCom had a slow growth and rising cost. Vinson‚ who had done WorldCom’s accounting

    Premium Ethics Bookkeeping Accountant

    • 591 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Worldcom

    • 1366 Words
    • 6 Pages

    Worldcom appeared to be a great success story. However‚ the success began to unravel with the accumulation of debt and expenses‚ the fall of the stock market‚ and long distance rates and revenue. It would take 2 years for the extent of these problems to become public‚ and accounting scandals like that of Worldcom would make history in the finance and telecommunication areas. While the intent is to make money to benefit a person or a group of people through illegal acts while disguising their illegal

    Premium Enron Accounting scandals Arthur Andersen

    • 1366 Words
    • 6 Pages
    Powerful Essays
  • Better Essays

    worldcom

    • 1438 Words
    • 6 Pages

    WorldCom Ethical Scandal In the late 1990’s‚ WorldCom was a successful company and leader in the telecommunications world. They had merged with MCI and the company was regarded for being innovative and growth hungry. However‚ in the midst of all the mergers WorldCom CEO Bernard Ebberly began to mismanage the company. WorldCom was no longer meeting their numbers and it looked like stock prices would fall. Rather than letting this happen‚ executives at WorldCom doctored the books. CFO Scott

    Premium Fraud

    • 1438 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    Worldcom

    • 1499 Words
    • 6 Pages

    Q 1 Explain the nature of accounting fraud? A1. Background: The origin of WorldCom can be traced to the breakup of AT&T in 1983. The company began as Long Distance Discount Services Inc during 1983. LDD name was changed to WorldCom in 1995. To build the economies of scale that were critical success factor in long distance market it was imperative for WorldCom to grow its available volume off bandwidth as it lowered the per unit costs. Also the Telecommunication act of 1996 permitted long

    Premium Fraud Accounting scandals Generally Accepted Accounting Principles

    • 1499 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    Worldcom

    • 3836 Words
    • 16 Pages

    7/22/13 WorldCom Search » Ethics Home Page About the Center Focus Areas Bioethics Business Ethics Campus Ethics Character Education Government Ethics Internet Ethics More... Publications Ethics Articles Ethics Cases Ethical Decision Making Videos Ethics Blogs Podcasts E-letter/Subscribe Contact Us Site Index WorldCom1 By Dennis Moberg (Santa Clara University) and Edward Romar (University of MassachusettsBoston) An update for this case is available. 2002 saw an unprecedented number of

    Premium Stock Stock market

    • 3836 Words
    • 16 Pages
    Powerful Essays
Previous
Page 1 2 3 4 5 6 7 8 9 50