Running head: CASE ANALYSIS OF THE ACCOUNTING FRAUD AT WORLDCOM Case Analysis of the Accounting Fraud at WorldCom Angela Crossley Troy University October 27‚ 2008 History The origin of WorldCom can be traced back to 1983. The CEO‚ Bernard J. Ebbers‚ of WorldCom had very interesting beginnings. He invested in Long Distance Discount Services (LLDS) with eight other investors‚ and believed that the telecommunications industry was a very good business venture. In the beginning
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Electronic commerce commonly written as e-commerce‚is the trading or facilitation of trading in products or services using computer networks‚ such as the internet. Electronic commerce draws on technologies such as mobile commerce ‚electronic funds transfer‚supply chain management‚internet marketing‚online transaction processing‚electronic data interchange(EDI)‚inventory management systems ‚and automated data collection systems.Modern electronic commerce typically uses the World Wide Web for at least
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Retail Scenario in India : Touching Meteoric Scales As the corporates the Piramals‚ the Tatas‚ the Rahejas‚ ITC‚ S.Kumar’s‚ RPG Enterprises‚ and mega retailers- Crosswords‚ Shopper’s Stop‚ and Pantaloons race to revolutionize the retailing sector‚ retail as an industry in India is coming alive. Retail sales in India amounted to about Rs.7400 billion in 2002‚ expanded at an average annual rate of 7% during 1999-2002. With the upturn in economic growth during 2003‚ retail sales are also
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Overview of Airline Industry Air travel has grown in the past decade. Travel grew strongly for both leisure and business purposes. India will have nearly 800 to 1000 airplanes by 2023‚ it was estimated by Airbus. In spite of growth between 30 to 50 per cent in Indian aviation industry‚ losses of approximately 2200 crore is estimated for the current year. During 19991-1992‚ Modiluft‚ East West and Damania went bankrupt. Air Sahara and Jet Airways survived along with government own Indian
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Event Date Description Radisson and des Groseilliers are voyagers from France who travelled to north of Lake Superior to begin a fur trading 1659 They went to Montreal and travelled to Lake Superior to begin a trade business with the Cree and Ojibwa people The world’s oldest operating trading company is created on May 2nd‚1670 by the Royal Charter 1670 King Charles II issues a Charter HBC to give them monopoly over all trade in the area. In return HBC pays the King two elk and two black beaver
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Business Communication OMGT 302 The Complete Effects of Decreased Full-Time Equivalencies on Budget and Productivity Review of the effects on organizations and employees when the workforce is reduced and workload is increased. 2012 Jess Hennessey Hewlett-Packard 1/1/2012 Business Communication OMGT 302 The Complete Effects of Decreased Full-Time Equivalencies on Budget and Productivity Review of the effects on organizations and employees when the workforce is reduced and workload
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COMPREHENSIVE PROBLEM 2 Music-Is-Us A mini-practice set illustrating numerous aspects of the accounting cycle for a merchandising business organized as a corporation. Students are expected to: (1) prepare a bank reconciliation‚ (2) make adjusting entries—including adjustments related to marketable securities‚ uncollectible accounts‚ inventory shrinkage‚ and depreciation‚ (3) prepare an income statement‚ a statement of retained earnings‚ and a balance sheet‚ and (4) assess the financial condition
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TUTOR MARKED ASSIGNMENT Course Code Course Title Assignment Code Coverage : : : : IBO-01 International Business Environment IBO-01/TMA/2010-11 All Blocks Maximum Marks: 100 Attempt all questions. All questions carry equal marks. 1. Do you think that analysis of foreign environment is essential for the international business? Give your arguments? Discuss the economic and financial environment related to the international business. (5+15) 2. You
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I T A DV I S O RY S E RV I C E S The Indian ICT industry Enabling Global Competitiveness and Driving Innovation with Equitable Growth A DV I S O RY Foreword from CII The Indian ICT Industry has witnessed excellent growth in the past two decades. Capitalizing on its advantages of talent pool‚ lower cost of operation and the innovative remote delivery model‚ India has established itself as a global leader in the ICT sector. Today‚ India is clearly acknowledged as the global services hub.
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Year 10: Visual Communication and design Advertisement Analysis This advertisement is aimed for women aged 18 to 85 as it is would attract a wide-ranging audience. As this cheesecake is premade it would show much convenience to a busy housewife or those who want a quick and easy dessert. The target audience of this advertisement are most likely low-mid income earners as the product is sensibly priced. It is suggested that the audience would probably live in suburban and city are as it would wildly
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