Introduction WorldCom‚ the telecommunications giant‚ once was the largest telecommunications company in the world‚ with more than $30 billion annual revenue‚ $104 billion in assets and more than 20 million customers. John Sidgmore (2002)‚ Ebbers’ successor after the scandal‚ said “WorldCom is a key component of our nation’s economy and communications infrastructure.” However‚ the giant collapsed in 2002. 1. The Main Issue: Earnings Management 1.1 Definition of Earnings Management A commonly acknowledged
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Implementing the five functions of Management Margaret E. Bridges MGT 330 Thomas Kook 12/19/2011 The five functions of management practices are planning‚ leading‚ organizing‚ staffing and controlling. These functions are essential to forming a successful company with high revenues. Working in the healthcare field I have found that these functions are important to running a successful company. My current employer sets standards to follow and takes corrective action to ensure all
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2003-04. However‚ since then the business faced stiff competition from other traders. In last one year the orders that have been received have reduced substaintially. Rohit‚ younger son of the Director is holding a management degree from Banaras Hindu University. He has recently left a job with an MNC located in Mumbai and joined his father’s business to help in solving the problems. After joining‚ Rohit made several changes in the organisation. A major
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Islamic university in Uganda Kampala campus Faculty of management studies Course work test Name reg no. 1. JAMIRA KADALA 211-033021-03701 2. NANTEZA FATUMA 211-033021-04148 3. ASIIMWE PHIONA 211-033021-03699 4. NANKABIRWA FATUMA 211-033021-04109 5. NALUBOWA RAHMA 211-033023-03762 6. MUWOMGE ABDUL NASHIRI 211-033023-03760 7. NSEREKO ABDUL JALILI 211-033023-03762 8. GALIWANGO ASHIRAFU 211-033023-04008 9. NAMUBIRU SULAIBA
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MANAGEMENT OF THE INTERNAL AUDIT FUNCTION INTERNAL AUDITING (According to IIA) -Azleen Ilias- 1 IPPF_AI The learning objectives Understanding the importance of proper positioning of the internal audit function within the organization Identify the benefits of various organization structures Identify the roles of responsibilities of the key positions Understand the policies and procedures of internal auditing 2 IPPF_AI Relevant standards 1000 – Purpose‚ Authority
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1.0 NTRODUCTION The management process in any organization is not like an event‚ it involves a series of ongoing activities that include planning‚ organizing‚ staffing‚ directing and controlling. In order to effectively examine these management functions that are crucial in my organization it is important to define my organization and relate it to the management functions 1.1 DEFINATION OF TERMS 1.1.1MANAGEMENT Management can mean different things to different people at different times‚ and
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Kenneth Lay‚ transformed itself into the world’s largest energy-trading company over its sixteen years of lifespan. In 2001‚ Enron was one of the world’s largest energy groups‚ operating mainly in the USA. Though Kenneth played a smaller role in management‚ following the takeover‚ he soon became chief executive officer (CEO) and moved the headquarters from Omaha to Houston. During 2001‚ it had become apparent that a number of special purpose entities were not consolidated in the balance sheet and
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Enron’s Questionable Transactions 1. Which segment of its operations got Enron into difficulties? * The fact that Kopper was appointed to Fastow and he was an employee at Enron was the first thing that got them into trouble. Another reason was that over 11 million was invested and it ended up not being invested at all. I believe these two situations ended up being the start of Enron’s problems. Enron also was not reporting the revenue for service correctly and his stock was paid
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The WorldCom Accounting Scandal WorldCom was started in Mississippi as a long distance telephone service provider in 1983 (Lyke and Jickling‚ 2). Over the next decade and a half‚ the company expanded to offer a whole range of telecommunication services through a series of mergers and acquisitions (Lyke and Jickling‚ 2). At its height‚ WorldCom was the largest long distance phone company in the United States and was one of the leading companies in the telecommunication market in the world‚ providing
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References: ateman‚ T. S.‚ & Scott‚ S. A. (2009). Management Leading & Collaborating in a Competitive World (8th ed.). New York: McGraw-Hill/Irwin. Keegan‚ J. (1998). Leaders and Revolutionaries. Time Magazine. Retrieved January 16‚ 2009. Retrieved from http://www.time.com/time/time100/leaders/index.htmlLeadership
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