Wk2 Assignment: The Enron and WorldCom Scandals Student Name ACC/260 Date Instructors Name[Page Break] 1. Which segment of its operations got Enron into difficulties? The guaranteed loans that were intended to bridge the financing for investments from outside investors that could not be found would be the segment of operations that caused Enron difficulties. 2. Did Enron’s directors understand how profits were being made in this segment
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References: WorldCom profits scandal shakes stock markets‚ The Telegraph‚ 27 Jun 2002 (http://www.telegraph.co.uk/news/worldnews/northamerica/usa/1398577/WorldCom-profits-scandal-shakes-stock-markets.html) Haywood‚ Elizabeth M.‚ Dorothy A. McMullen‚ and Donal E. Wygal‚ 2004‚ Behind closed doors at WorldCom: 2001‚ Accounting Education‚ 19‚ 101-118. Wearing R.‚ Cases in Corporate governance (2005)‚ Sage Publications Enron Scandal at a Glance
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SUBJECT: Accounting fraud at WorldCom Problem Statement WorldCom penetrated the largest accounting fraud in U.S history by overstating its tax income between 1999 and 2002. The main players in WorldCom’s accounting fraud included CFO Scott Sullivan‚ the General Accounting and Internal Audit departments‚ external auditor Arthur Andersen‚ and the board of directors. While individuals did have their own sins‚ employees cowardice and self-interested‚ the board passive and ineffective‚ external auditors
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BUSI2033 Self Reflection Exercise #3: Myers-Briggs Type Indicator When we think of leaders‚ the first thing that usually comes to mind is an individual who holds significant power such as celebrity‚ high profile athlete‚ CEO of a fortune 500 company or a high profile political figure . Everyone has the ability to become a leader‚ as leaders‚ everyone has the power to not only influence others‚ but inspire and motivate them as well. The great philosopher‚ Plato once said that “all learning has
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ELECTRICAL ENGINEERING DEVELOPMENT OF ACTIVE SUSPENSION SYSTEM FOR CAR USING FUZZY LOGIC CONTROLLER‚ PID & GENETICALLY OPTIMIZE PID CONTROLLER 1 AMIT B PANCHAL‚ 2DR. JAGRUT J GADIT‚ 3NIKUNJ G MISTRY ‚4NIRAV M VAGHELA 1‚4 2 Assi. Professor in Elect. Engg. Dept‚ Parul Inst. of Engg. & Tech.‚ Limada‚ Vadodara Assoc. Professor in Elect. Engg. Department‚ Faculty of Engg & techo-MSU Vadodara. 3 Lacturer in Electrical Engg. Department‚ N.G.Patel Polytechnic-Ishorli‚ Bardoli. panchal_99@yahoo
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Wan-Ting Shao * Ananya Chandra * Niteesh Chinta * Shraddha Rane * Swathi Punreddy The Rise and fall of WorldCom This case study WorldCom is a telecommunications company which was led by CEO‚ Bernard Ebbers‚ and CFO‚ Scott Sullivan. In 1999‚ WorldCom was not meeting Wall Street’s revenue and earnings expectations‚ and it appeared that the coming year would produce more bad news. The CFO argued for setting realistic targets.
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NPC DOC. NO. TAPP-3/64110/5526/DN/R0---------------------------------4 13300 00 486 ---REV. NO. 01 WRITE UP ON ELECTROHYDRAULIC TURBINE CONTROLLER ( EHTC ) Reference Documents: 1.MPL for Steam Turbine Doc. No. :- 41330000488(TAPP3/64110/5516/SCH) 2.Scheme for speed measurement turbine and generator Doc. No. :- 41330098204(TAPP3/64110/5512/DN) 3.Write up on LRR for MSCV and AEOR Doc. No. :- 41330000481(TAPP3/64110/5661/DN) 4.OGA of TG control desk 6610 – PL – 9 Doc. No. :- 06560000403(TAPP3/64100/5724/GA)
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Question 1 : Why would a customer database be so useful for a company such as forbes or kodak ? what would happen if these companies had not kept their customer data in database ? This very useful for company forbes such as in learn details about each if its individual readers by examining forbes`s entire reader population. By this way they can easily understand each individual who interacts with its brand. These details help forbes advertisers target their campaigns more precisely and also help
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Include Controller Tutorial This is a short tutorial explaining the basics of the include controller. The include controller provides an easy way to include modules in a test plan. It is different than the module controller in a couple of ways. 1. the include controller loads a simple controller with all it’s samples‚ where as the module controller can use any controller 2. the include controller doesn’t use the workbench 3. the module controller doesn’t load from a file 4. the include controller loads
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In 1998‚ Betty Vinson was promoted to a senior manager in the firm’s corporate accounting division. Two years later in her position she experienced a major ethical dilemma. The company WorldCom was a very successful company up until the middle of 2000 when the telecommunication industry entered a protracted slump. The company’s earnings were not Wall Street expectations‚ and it was saddled with unpaid bills. Vinson’s job was to repair the problem by doing some wrong accounting practices. The ethical
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