[pic] Case Study # 2 Analyzing business processes for an enterprise system OPM 3131 INTRODUCTION to OPERATIONS MANAGEMENT Made by: Kossolapov Nikita 20110416 Martynova Anna 20101734 Andrey Nassybullin 20101692 1) The outputs of the order process are reports of credit holds‚ customer invoice when product is delivered and paid for‚ and reports of back orders. 2)
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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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KAPLAN DAVID KIRON Accounting Fraud at WorldCom WorldCom could not have failed as a result of the actions of a limited number of individuals. Rather‚ there was a broad breakdown of the system of internal controls‚ corporate governance and individual responsibility‚ all of which worked together to create a culture in which few persons took responsibility until it was too late. — Richard Thornburgh‚ former U.S. attorney general1 On July 21‚ 2002‚ WorldCom Group‚ a telecommunications company with
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economic system refers to the structure in society within which we make decision about: (a) What to produce (goods and services) (b) How to produce the goods and services (c) Where to produce (d) How to allocate and distribute the goods and services to meet the demands. The four main kinds of economic system are: (1) Traditional (subsistence) Systems (2) Market or Commercial Systems (3) Centrally Planned System (4) Mixed Economic Systems Subsistence Economic Systems: An economic system under
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WorldCom Case Study Update 20061 by Edward J. Romar‚ University of Massachusetts-Boston‚ and Martin Calkins‚ University of Massachusetts-Boston Read the original case. In December 2005‚ two years after this case was written‚ the telecommunications industry consolidated further. Verizon Communications acquired MCI/WorldCom and SBC Communications acquired AT&T Corporation‚ which had been in business since the 19th Century. The acquisition of MCI/WorldCom was the direct result of the behavior
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methods to hide aspects of a company’s financial dealings in order to make the company appear more or less successful than it is in reality. In other words‚ Creative accounting is the transformation of financial accounting figures from what they actually are to what preparers desire by taking advantage of the existing rules and/or ignoring some or all of them. The motivation to indulge in these practices is anticipation of rewards which may include higher share prices‚ improved credit rating resulting
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with promissory notes instead of cash. They also engaged in off-the-books activities and excessive executive compensation. Enron’s board of directors allowed the executives‚ accountants and legal department to use Special Purpose Entities (SPEs)‚ a type of partnership‚ in an attempt to camouflage their debt and create a façade of financial stability (Brooks‚ 2007). 3. Enron’s directors understood how profits were made. They also knew management’s activities were
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to 1825 C.E. Classical period made changes in political system and social order. There were two revolutions that happened‚ American Revolution (1775-83) and French Revolution (1789-99). This time period was known for art as communication‚ duet‚ age of formalizing music‚ and harmony. It was a time when inventions
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was that of WorldCom. In 1983 Bernie Ebbers and several other people invested in a newly formed company in Clinton‚ Mississippi called Long Distance Discount Services‚ Inc. (LDDS). LDDS was a provider of long distance telephone service to residential and commercial markets. Ebbers became CEO of LDDS in 1985. In 1989 the company merged with Advantage Companies‚ Inc. and became publicly traded. In 1995 the company name was changed to LDDS WorldCom‚ and later to just WorldCom. WorldCom grew to be
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Christopher’s actions when acting on impulse drives the plot of the story majorly. The first place we see Christopher’s actions drive the plot is when Christopher finds Wellington the poodle belonging to Mrs. Shears‚ his neighbor‚ dead on Mrs. Shear’s lawn with a garden fork through its side. Christopher touches the dog’s muzzle and observes that it is still warm. Automatically‚ he wonders who killed Wellington‚ and why. Acting on impulse‚ Christopher removed the garden fork and picked up Wellington
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