CASE OF STUDY DOT-COM CRASH OF 2000 1. What is the intended role of each of the institutions and intermediaries discussed in the case for the effective functioning of the capital market? * Investors: Trade with proper education and information. * Investment Banks (underwrites): provide advisory financial services‚ helped the companies price their offerings‚ underwrite the shares‚ and introduce them to investors‚ often in the form of a road show. * Entrepreneurs and existing
Premium Dot-com bubble Stock market Investment
2. Are their incentives aligned properly with their intended role? Whose incentive was more misaligned? The institutions and intermediaries who are aligned are: FSAB‚ VC‚ Investors. FSAB is just a standard board whilst the other two are investing in companies which they think will be good and have incentive to pick the right companies. The misaligned would be the buy-side analysts as they thought if they didn’t buy stocks they wouldn’t reach their benchmark so they only recommended stocks which
Premium Stock market Finance Stock
on the court’s earlier findings of mismanagement‚ lack of corporate governance‚ and concern regarding the integrity of the company’s accounting and financial reporting functions. Supervised by former U.S. Attorney General Richard Thornburgh‚ the study was commissioned by the court to investigate allegations including fraud‚ mismanagement‚ and irregularities within the company. One section of the more than 200-page report‚ "Accounting and Related Internal Controls‚" details WorldCom’s weaknesses
Premium Auditing Internal audit Audit
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
Premium Accounting scandals Fraud Enron
There were several situations that lead the executives and managers of WorldCom to "cook the books." Acquisition of other companies drove WorldCom to spend beyond their means; managers were told to spend whatever was necessary to increase revenue‚ even if it meant that long-term costs would outweigh the short-term gains. This fiscally unhealthy mentality led to a very bad decision to enter into long-term fixed rate leases for network capacity with extensive punitive termination provisions. Once the
Premium Fraud Audit External auditor
Case Study Analysis – Zillow.com Company History Zillow is a company running an online website for homeowners‚ buyers‚ sellers etc. that who are interesting in real estate. It help the user with providing a free estimate value on the property. Zillow was found by Rich Barton and Lloyd Frink‚ both of who have previous experience in the Expedia. The Zillow has been named after combining two words‚ “pillow” where lay your head at night and “zillions” which number of data points the company wish
Premium Real estate Real estate appraisal
" Ratemyprofessor.com" is a website well known to college students and high school students for giving insight into what students’ Professors will be like. The Article " Does ratemyprofessor.com really rate my professor?" discusses the websites usefulness as well as its accuracy based off of the topics used to judge the professor. The article‚ first seen in "Assessment and evaluation in higher education" comments on topics such as the websites use of the catagories "clarity" and "helpfulness".
Premium Education University Student
MEDIA AND THE CITY: URBAN SENSES COMMUNICATION STUDIES 361 Department of Art History and Communication Studies McGill University Christopher Gutierrez M/W/F 11:35-12:25 Arts W-215 FALL 2014 Instructor: Office: Office hours: E-mail: Christopher Gutierrez Arts W-285 Monday 1:00 – 3:00 christopher.gutierrez@mcgill.ca T.A.: Office: Office Hours: Email: Francois Mouillot Arts B-22 Wednesday 12:30 – 1:30 francois.mouillot@mail.mcgill.ca OVERVIEW This course engages with
Premium Sense 1969 1983
Reporting Income for Dot-Coms Priceline.com 1. Under the current system of accounting‚ the company would record revenues of $250 as they are the merchants to the transaction and $200 (80% of transaction value) as their cost of goods sold. 2. Alternatively‚ the company can net off the effect and show $50 (20% of transaction value) as their commission revenue. 3. If I were the CFO‚ I would recommend to opt for the first method of revenue recognition because it would show better
Premium Generally Accepted Accounting Principles Revenue
1) Describe the leadership qualities you possess that would make you a good COM Team Co-Chair to a first year student. One of the most valuable characteristics that would allow me to serve well as a COM Team Co-Chair is my ability to represent myself as a positive role model. As a youth gymnastics coach for four years‚ and peer tutor in the University of South Carolina Student Success Center throughout college‚ I took on a role as a motivator and encourager. I led my students with an enthusiastic
Premium Education Learning High school