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These telecommunications giants are contrasted and compared in terms of aggressive marketing and company innovations. Seven sourc...

the technology sector, particularly in high-tech, Internet-related companies, set investors on their collective ear. Few expected...

disturbing facts is that the WorldCom documents that were released in July to the special Financial Services Committee of the U.S....

known as the going concern concept1. In looking at the viability of the business the potential creditors are seeking to ensure tha...

employees - and even the economy. In the end, no one has benefited from either situation, because the methods were done in secrecy...

about their eligibility. Q. How much money will I receive? A. You are eligible to receive a share of the settlement only if you o...

for bankruptcy due to its inability to hide such tremendous losses any longer. It took a matter of three month for the company to...

This demand is impacted by information regarding that share as well as market conditions. In the case of Enron and WorldCom the we...

of philosophy dealing with right and wrong and the morality of motives and ends" (Shaughnessy, 2002, p. 20). But questions of ethi...

effect to such things, and these situations are no different. When people lose jobs, families suffer, economies suffer, communiti...

its current ratio is understandable. WorldComs values in these two ratios reflect its precarious operation position. Neith...

corresponding functional interest in them * The interests of all stakeholders are of intrinsic value (Donaldson et al, 1995, pp. 6...

these contributions finds one incorporating the interests of ethics and morality within the corporate structure, essential concept...

a result of ending some of the companys more obscure partnerships (Leonard, 2001). And, it was these partnerships that severely h...

processes (Chidi, 2002). Some of the accounting techniques used at WorldCom in order to supplement R&D write-offs included the use...

as consumers have an increased awareness of less tangible aspects, such as corporate governance and ethical and moral responsibili...

principles of accounting in the U.S. (Larson et al, 2001). Since that time, a number of authoritative bodies have been instituted ...

derivative, why its typically used and how its typically used. Following that, we can go in depth into both Enron and Worldcom, an...

as CEO and Chairman on February 4, 2002; Jeffrey K. Skilling, former CEO and Director; Andrew S. Fastow, former chief financial of...

however, it may also be slightly limiting as the internet may not be the only medium open to e-commerce. The level of trade has b...

in accountants and the way accounts were prepared was being shaken. The entire financial basis of the stock markets requires tha...

prosecution witness and is "crucial to the prosecutions case," since he is the only witness who said that "he spoke directly to Mr...

this was that the collapse of these companies came down to the financials. The purpose of financial accounting is to develop repor...

contemporary mindset, the word "law" refers to civil law, which is enforced by the police and government officials. As Jesus indic...

stock prices and other similar situations. When it is determined that an investigation should delve further into the busine...

in an accounting system that made many of the concealments that took place legal, or at least borderline, and the attitudes of tho...

this had to be seen as objective, to ensure this was the case WorldCom hired an independent law firm; Gibson, Dunn & Crutcher LLP ...

rules and audits the accounts. When looking at the failure of Enron it is these accounting standards that appear to fail. In looki...

In the financial markets are regulated by the Securities and Exchange Commission (SEC). The principal purpose of the SEC is to "pr...

fraud when accounting (Miller & Bahnson, 2005). In addition to the GAAP standards, some businesses, especially those outside the U...