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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What punishment‚ if any‚ do you believe David Myers should have been given for his role in the WorldCom fraud? A2. Mr. Myers was charged with securities fraud‚ conspiracy to commit securities fraud‚ and filing false statements. Based on these charges‚ I think Mr. Myers would be sentenced to 5-8 years prison terms. In addition‚ he would be imposed with a large amount of fine. Furthermore‚ the WorldCom would take a certain amount of bonus back for the period while he was being investigated. However
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of each narrative being representative of gender being socially constructed. In Kincaid’s Girl‚ it shows the weight of tradition being a heavy component in the construction of gender identity. "Cook pumpkin fritter in very hot sweet oil‚" "Soak salt fish overnight before you cook it‚ " (Kincaid) and so on‚ are all traditions relating to a Caribbean upbringing. The tone of her narrative emphasizes the imperativeness of cooking being that of part of a woman’s expectations. I am not sure
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Cook Composites and Polymers Co. Developing a Sustainable Supply Chain Ong Kar Hian | U098481J AY 2012/2013 | Semester 1 Cook Composites and Polymers Co. (CCP) were founded in 1990 and is a leading manufacturer of gel coats‚ unsaturated polyester resins‚ coatings resins and emulsions. The company prides itself most in producing high-quality‚ custom-designed gel coats. To produce high quality gel coats‚ CCP utilizes styrene as a cleaning agent for their mixing vessels because styrene
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How can managers promote innovation unwelcome surprises? Control in an Age oj by Robert Simons A fundamental problem facing managers in the 1990s is how to exercise adequate control in organizations that demand flexibility‚ innovation‚ and creativity. Competitive businesses with demanding and informed customers must rely on employee initiative to seek out opportunities and respond to customers’ needs. But pursuing some opportunities can expose businesses to excessive risk or invite behaviors
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Assignment # 3 WorldCom Accounting Fraud By Mark A. Cowan Strayer University ACC 499- Accounting Capstone May 15‚ 2011 The purpose of this paper is to discuss the aspects of the WorldCom accounting scandal and the effects that this scandal had on the accounting world as we know it. We will discuss the corporate culture at WorldCom and how it contributed to the accounting fraud‚ how the CEO’s desire to be the #1 stock on Wall Street contributed to the fraud‚ pressures on accountants to book and release
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FAR600 CASE STUDY WORLDCOM QUESTION 1 a) Discuss the earnings management technique employed by the management of World Com. WorldCom admitted that the company had classified over $3.8 billion in payments for line costs as capital expenditures rather than current expenses. Line costs are what WorldCom pays other companies for using their communications networks; they consist principally of access fees and transport charges for messages for WorldCom customers. Reportedly‚ $3
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Information This report details the rise and collapse of WorldCom Group: this telecommunication giant employed 60‚000 individuals and had over $104 billion in assets. However‚ most numbers were deliberately misstated in order to maximize income and survive in the global stock market. WorldCom dates back to 1983 when in split up from AT&T to create a separate entity in order to take over the Southern states telecommunication markets. WorldCom focused on providing Long Distance Discount Services (LDDS)
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Captain James Cook‚ FRS‚ RN (7 November 1728[NB 1] – 14 February 1779) was a British explorer‚ navigator‚ cartographer‚ and captain in the Royal Navy. Cook made detailed maps of Newfoundland prior to making three voyages to the Pacific Ocean‚ during which he achieved the first recorded European contact with the eastern coastline of Australia and the Hawaiian Islands‚ and the first recorded circumnavigation of New Zealand. Cook joined the British merchant navy as a teenager and joined the Royal Navy
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Cook Children’s is one of the country’s leading integrated pediatric health care systems. And‚ as a connected system of specialists‚ pediatricians‚ clinics‚ a medical center‚ and community programs‚ patient families benefit through access to all available resources. The goal of cook children is to improve the health of every child in our region through the prevention and treatment of illness‚ disease and injury. Based in Fort Worth‚ Texas‚ Cook Children’s is a not-for-profit organization that is
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