YOU WERE LOOKING FOR :WorldCom Enron and the Application of Business Failure Prediction Models
Essays 1 - 30
known as the going concern concept1. In looking at the viability of the business the potential creditors are seeking to ensure tha...
savvy ways of getting things done. That is, until the fall of 2001. The nation, already shocked and stunned by the tragedy...
these contributions finds one incorporating the interests of ethics and morality within the corporate structure, essential concept...
employees - and even the economy. In the end, no one has benefited from either situation, because the methods were done in secrecy...
rules and audits the accounts. When looking at the failure of Enron it is these accounting standards that appear to fail. In looki...
derivative, why its typically used and how its typically used. Following that, we can go in depth into both Enron and Worldcom, an...
corresponding functional interest in them * The interests of all stakeholders are of intrinsic value (Donaldson et al, 1995, pp. 6...
of philosophy dealing with right and wrong and the morality of motives and ends" (Shaughnessy, 2002, p. 20). But questions of ethi...
in unethical behavior, mostly in the area of accounting (Scharff, 2005). For one thing, the company moved line costs (those...
This demand is impacted by information regarding that share as well as market conditions. In the case of Enron and WorldCom the we...
accounting system it may be argued that a collapse in the style of Enron is much more unlikely due to very different accounting en...
(Fixmer, 2002). Network security. By 2002, there had been few lawsuits in this area, but even then it was recognized as on...
behavior incorporates theories from a number of other fields, including psychology, anthropology, sociology, social psychology and...
thousands of businesses around the world" (Moberg and Romar, 2002). It also carried "more international voice traffic than any oth...
may have severe problems, but it is in the interests of all parties for the company to gain some portion from creditors to allow i...
protectionism is less favored than a generation ago; sentiment is that the market is an efficient judge of the management efforts ...
as CEO and Chairman on February 4, 2002; Jeffrey K. Skilling, former CEO and Director; Andrew S. Fastow, former chief financial of...
in accountants and the way accounts were prepared was being shaken. The entire financial basis of the stock markets requires tha...
principles of accounting in the U.S. (Larson et al, 2001). Since that time, a number of authoritative bodies have been instituted ...
and diligence and independence at the auditing level" (Anonymous, 2003). From a broader perspective, one of the main reason...
In the financial markets are regulated by the Securities and Exchange Commission (SEC). The principal purpose of the SEC is to "pr...
for bankruptcy due to its inability to hide such tremendous losses any longer. It took a matter of three month for the company to...
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...
a result of ending some of the companys more obscure partnerships (Leonard, 2001). And, it was these partnerships that severely h...
as consumers have an increased awareness of less tangible aspects, such as corporate governance and ethical and moral responsibili...
processes (Chidi, 2002). Some of the accounting techniques used at WorldCom in order to supplement R&D write-offs included the use...
not been given any authority greater than that which resides in with the Security and Exchanges Commission (SEC), which can cause ...
fraud when accounting (Miller & Bahnson, 2005). In addition to the GAAP standards, some businesses, especially those outside the U...
in an accounting system that made many of the concealments that took place legal, or at least borderline, and the attitudes of tho...