Accounting Fraud at WorldCom 1) What are the pressures that lead executives and managers to “cook the books?” After the rapid evolution of the telecommunication industry in the 1990s‚ WorldCom shifted its strategy to focus on building revenues and acquiring capacity sufficient to handle expected growth. Their biggest goal was to be the No. 1 stock on Wall Street rather than capturing the market share. As a result‚ their Expense-to-Revenue (E/R) Ratio was their measurement for their main objective
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Case 1.3 Jamaica Water Properties Prepared by Alex Gonzalez for Professor C.E. Reese in partial fulfillment of the requirements for ACC 540 – Fraud Examination School of Business / Graduate Studies St. Thomas University Miami Gardens‚ Fla. Term A7 / Fall‚ 2014 October 24th‚ 2014 Table of Contents Issues 1 Facts 1 Analysis 7 Conclusions/Recommendation 7 References/Bibliography 7 Issues 1. In David Sokol’s position‚ after discovering the suspicious items in JWP’s
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Water has many unique properties that make life possible on Earth. One property is cohesion. The cohesion property is properly defined as the binding of water molecules by hydrogen bonds. Water has this property as a result of the chemical bonding between water. Cohesion of the strong hydrogen bonds allows the water molecules to stick together‚ almost as a unit of one. A force exerted on one of the molecules will be exerted on all of the adjacent molecules as a result of cohesion. Cohesion‚ often
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AAAJ 23‚8 Adaptability to fair value accounting in an emerging economy A case study of China’s IFRS convergence Songlan Peng York University‚ Toronto‚ Canada‚ and 982 Received 28 July 2008 Revised 6 January 2010 Accepted 15 March 2010 Kathryn Bewley Ryerson University‚ Toronto‚ Canada Abstract Purpose – This paper seeks to assess the feasibility and desirability of a major emerging economy adopting and implementing fair value accounting (FVA)‚ as codified in the International Financial
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will be an overview on the Jamaican Patois. There will be an analysis of the relationship between this creole and the jamaican official national language. Then it will explain briefly some phonological and grammatical aspect of this variety. JAMAICAN PATOIS: DE FACTO LANGUAGE OF NATIONAL IDENTITY 1. INTRODUCTION Jamaican Patois is a creole language spoken in Jamaica and in a part of the caribbean area (U.S.A‚ Puerto Rico‚ Panama and Costa Rica). It is called Jamaican Creole by specialists and
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of related information Bad English or Creole? By Peter Espeut 3-5 Cooper fires at Green paper 6-7 Reflective Poem: The Jamaican Creole 8 Drama: A Misunderstanding 9-10 Rationale
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Jamaica: History‚ Government‚ People‚ Religion Jamaica is a tropical island‚ located in the heart of the Caribbean Sea. Around the coastlines are beautiful beaches with crystal clear blue-green water. In some respects‚ this is the majority of what people know about Jamaica. In this orientation text you will better understand Jamaica’s history‚ the people who live there‚ the many different religions‚ geography‚ and governments that have ruled the land. The land of Jamaica is very small. The
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Sam Li Case: Jamaica Water Properties 1. Place yourself in David Sokol’s position. After discovering the suspicious items in JWP’s accounting records‚ would you have taken a different course of action than he did? Why or why not? I doubt if I can reach the position that David Sokol had in my career’s life. However‚ let say that if I was in David Sokol’s position‚ I would probably do the same thing David had done. I believe the proper working ethics are accountability‚ professionalism and
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Drew Staples 6/12/14 Properties of water Question Does mixing water with other substances change it’s boiling point. Research The boiling point of a liquid is when the temperature causes the vapor pressure to be equal to the air. Air density will change waters boiling point. High altitudes give water a lower boiling point. Hypothesis If the water is less dense then it will boil faster and the boiling point will be lower. Materials 1 Pot A Sink A Stove 1 tablespoon of sugar 1
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Abigail Rockwell Due Date: February 15‚ 2014 Jamaica Water Properties Case Study During a time in our recent history when greed and self promotion was the benchmark that most financial and managerial directors of companies‚ both public and private‚ seemed to strive for‚ David Sokol stands out above the crowd. Instead of looking to further his own self-image‚ career‚ or standing‚ instead of taking what most people would view as the easy road‚ Mr. Sokol did the right thing. He chose ethics‚ morals
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