BKAL 3063(E) INTEGRATED CASE STUDY 30 SEP 2014 NIMELAN A/L MANOHAR 207110 NADIA BINTI ABDULLAH 213803 NAJIHAH SAKINAH BINTI MOHD NORDIN 213950 SURAYAH BINTI MATIASIN 214114 Accounting Fraud at WorldCom Executive Summary WorldCom is a telecommunication company that has been found by Bernard Ebbers‚ a Canadian. Growing rapidly through mergers and acquisition strategy‚ Ebbers handled largest takeover in US history by acquiring MCI‚ the nation’s second largest long distance company. The aggressive
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Ingvar Kamprad and IKEA 1. What do you think was the main reasons for IKEA’s success in Sweden and other Scandinav countries in the period up to 1973? To begin with we have to resituate the context; we are now in the post war boom era when a lot of industries on both sides‚ even in Germany‚ developed substantially and very rapidly. We are now in a wealthier and reborn Europe. As a result new needs started to appear; back in those days‚ it was for example customary to hand down custom-made furniture
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used inappropriate accounting practices‚ the results of their deceptions and the government’s plan to avoid future incidents. WorldCom scandal brings subpoenas‚ condmnation By Andrew Backover and Thor Vladmanis Andersen’s partners chart firm’s future today By Greg Farrell Client-starved Arthur Andersen cuts 7‚000 jobs By Greg Farrell Dominoes hit WorldCom partners‚ clients By Michelle Kessler Adelphia plans to file Chapter 11 Cable firm expected to seek bankruptcy protection today
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Beginning of a Whistleblower Bernie Ebbers‚ Scott Sullivan‚ and other members of top management intentionally led Mississippi’s pride and joy‚ WorldCom‚ on a 5-quarter charade filled with smoke‚ mirrors‚ and much intimidation. They did it hotly pursuing success‚ monetary gain‚ and the praise of their fellow statesmen. They did it by abusing work relationships and intimidating employees with promises and threats. Ultimately‚ they ended up “losing their footing” which caused them and‚ in turn‚ others
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to take you inside the doors of what was once the one of largest telecommunication companies in the world‚ WorldCom and tell the story of how an 11$ billion dollar accounting fraud led to one of the largest bankruptcy filings in history. In the two years before WorldCom declared bankruptcy‚ one man at the helm of the company told lie after lie about the true financial condition of WorldCom‚ lies that artificially inflated his own stock holdings and lies that deprived the common investors of information
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2.1 -------------- 1. The business conduct that led to the WorldCom and Enron scandals was unethical‚ but not all of the behavior was illegal. Please discuss why Boatright explains in the Why the Law is Not Enough section of our text‚ “reliance on the law alone is a prescription for disaster.” (2012‚ p. 10) -------------- Reliance on the law‚ alone‚ is a prescription for disaster. This is true for several reasons. For starters‚ the law is not always appropriate when it comes to helping regulate
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in Health and Social Care. A practical guide. Open University Press. Glasgow. Clarke‚ M.‚ Oxman A. (2002) Cochrane Reviewer’s Handbook. The Cochrane Collaboration. Avalaible from: www.cochrane.dk/cochrane/handbook.htm. [Accessed 22nd March 2013]. Dennis C. L. (2002). Breastfeeding initiation and duration: A 1990–2000 literature review. Journal of Obstetric‚ Gynecologic‚ and Neonatal Nursing. 31(1):12–32. Duckett L‚ Henly S.‚ Garvis M. (1993) Predicting breast-feeding duration during the postpartum
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companies and in some of those it results in the ruin of what started out to be a good thing. Some of these companies started out as small prosperous businesses that later grew into large dominate organizations for example; Enron‚ and of course WorldCom. These businesses began with good intentions and ended up internally combusting. All of it was due to the result of GREED. Greed is a disease‚ and has plagued several organizational leaders over time and caused them to go against their good ethics
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WorldCom‚ WorldCom‚ WorldCom… This name has been thrown around the accounting school since my freshman year. It is as if it haunts our school as a warning to all future accounting students. However‚ as I read this case I did not have anything in mind other than trying to solve this situation from a judge’s standpoint. I thought I had an idea of where I stood on this situation until I tried to put myself in Mr. Myers’s shoes. After combining both of my stances‚ I have finally come to the conclusion
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connection with business combination and wrongful us of off-balance-sheet arrangements. WorldCom was use creative accounting in order to make the financial accounting records to look good which is the profit increasing. They was used a liberal interpretation of accounting rules when preparing the financial statements. While the company acquiring MCI‚ it give the management opportunity to make the creative accounting. WorldCom had devalued hard assets while simultaneously increasing the amount of goodwill
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