The company I chose to analyze is WorldCom. This company based in Mississippi had recognized that for several years it has been bloating or increasing their earnings through booking about $3.8 billion expenses as long-term investments rather than operating costs. They did that by posting operating expenses such as salaries and wages as long-term investments on the balance sheet while those costs should have been expensed and posted to the income statement. When they did that, they overstated assets while extremely understating expenses. This led to an overstatement of net income; the company then devalued such costs which led cash flows, profit margins and net income to be affectedly inflated. Given the fact that those are the key measures used to value the company’s stock, the company’s stock was highly overpriced.…
a) Joan’s first mistake is not using control of cash receipts. She is having only one person go through the whole accounting controls process. There should be other people involved in this process including Joan herself. Joan must also realize the limitations of human controls. One person going through the entire process is bound to make a human error.…
The subsidiary ledger is made out of many different accounts and makes the general ledger easier to read because the descriptions do not have to be written out all the way for the general ledger.…
Display "This program will break down the weight of an item from pounds to ounces, and will then give you the price per ounce for the product listed."…
Explain some of the graphical user interfaces (GUIs) and communications messages that occur during the operation of a microwave…
This e-mail is in reference to the two employees who are going to be terminated Friday. We have determined that they are Nicole Stone and Lorenzo Torres. As we discussed yesterday, their performances are not on par with those of other employees in the accounting department; interventions with these employees have not been successful in helping them improve their performance. Let’s plan to meet with them individually in the conference room between 3:00 and 4:00 p.m.…
XCOM100 / X COM 100 / Week 6 CheckPoint: Conflict Paper XCOM100 / X COM 100 / Week 7 DQs…
For the user support employee, a customer service model begins and ends with communication. Communications not only involves speech or writing, but listening or reading well also. Communications is a two-way exercise, which involves both parties and their need to reach a satisfactory resolution. The various forms of communications between a user support employee and a customer determines the experience of a customer with user support as well as, adding or detracting to the opinion the customer has of the company. The first of these communications is the tone and style of the support employee. Each support employee should strive to create his or her own personal style of communication. This style should include everything from a greeting to a strategy for resolving customer complaints (Beisse, 2010). The technician should use clear, succinct speech or writing to convey the necessary information to resolve the customer’s issue (Beisse, 2010). A technician’s style should include the ability to categorize a customer to meet that customer’s needs and expectations. Support technicians should be able to restate a customer’s problem in the technician’s own words to show empathy and understanding of the customer problem. This is how the relationship of an ‘extremely satisfied’ customer is started and created. This should be the goal of all employees in a company with any type of communications (Beisse, 2010).…
Technology is changing the face of business communications. Think critically about the nature of technology in the workplace. Think of the positives and negatives of the different communication technology that you use everyday. Do you think businesses effectively use these resources to communicate? Why or why not? Provide examples.…
In my opinion, the two innovations in technology that have significantly influenced business enterprise and the way it is conducted are webcams, and social media sites. Back in the day business were conducted a certain way, everyone had to be in attendance for meetings and presentations. If you had to be in another country to present or even collaborate with another business you would have to purchase expensive plane tickets, etc. Now with the use of webcams you don’t necessarily have to travel to another country to collaborate or offer insight to another company. Chatting via webcam has become a major thing now. It allows you to easily be in two places at the same time, so to speak. You can be at home tending to a sick child, and also be in attendance to an important business meeting worldwide. Major businesses now conduct meetings with foreign countries via webcam which is also a great benefit for both parties.…
Many companies today are slow to utilize new technology due to cost or adversity to change. Just as consumer products undergo continuous improvement, so must busness systems. It’s easy for a competitor to gain a competitive advantage if a company doesn’t upgrade systems and keep current.…
"Think back to how business was done a few decades ago. There was no email,Internet, mobile marketing, telecommuting or smartphones. Now communications are instantaneous, huge amounts of information move through email and the Internet and powerful tools are in the hands of owners and employees. Innovations in technology have improved operations at companies of all sizes and helped turn small local businesses into global businesses" says the Houston Chronicle. This shows that the use of technology has had a huge impact on how businesses run, causing a huge increase in economy growth.…
Many new technologies have helped companies to pave the way to increase their productivity. CEMEX where I am currently employed at have introduced corporate mobility to its organization and now it is no longer considered to be an option. It is an absolute necessity. There is a growing wave of devices and apps that many customers…
emerging mobile digital platform (mobile devices are used to coordinate work, communicate w employees, provide info for decision making) (allows organizations to rely increasingly on telework, remote work, and distributed decision making) (companies have put out apps and programs that allow organizations to do payroll over their mobile; the iPad allows mgrs to transfer files, organize calendar events)…
Rapidly advancing technology has changed the face of business communications. In fact there are more communication tools available for today’s business than ever before. These tools allow businesses to communicate efficiently, effectively, quickly, and in numerous different ways, and even though businesses could learn to use the new tools more effectively, most are using them quite well. These tools have helped facilitate the globalization of the world’s economies by allowing businesses to instantly connect across all parts of the world. From having Internet access while flying around the world, to using tools such as video conferencing, instant messaging, mobile office, text messaging, and hundreds more, the new business world is always connected.…