Fiasco Report - Worldcom Essay
The structure of an essay is divided into an introduction that presents your topic and thesis statement, a main body that presents your in-depth analysis and arguments, and a conclusion that wraps up your ideas. The structure of the body is flexible, but you should always spend some time thinking about how best to organize your essay, 1188. Introduction. WorldCom, the telecommunications giant, was once the largest telecommunications company in the world, with more than annual revenue, assets and more than one million customers. John Sidgmore 2002, Ebbers's successor after the scandal, said: “WorldCom is an important part of our economy. However, WorldCom announced that it had overestimated earnings and the first quarter by more than 3. The WorldCom Accounting Scandal, 2002. The WorldCom scandal was one of the largest accounting scandals in corporate American history. WorldCom was a US-based company. WorldCom's impact on the accounting profession. WorldCom, now called MCI, emerged late from bankruptcy protection after detailing accounting misstatements. These accounting discrepancies have led to many of WorldCom's longtime executives being prosecuted on securities charges. In the Essay Sample on WorldCom's Record-Setting Accounting Fraud: Impact on Economy and Stakeholders Free Essay Sample ProEssays.net. The CNBC report claims that WorldCom treated regular expenses as capital expenditures throughout the quarter and the first, boosting earnings before interest. , depreciation and. We will write a custom essay just for you for only 13.90 pages, order now. WorldCom and the telecommunications industry. WorldCom was the leader of the telecommunications industry during WorldCom was the largest company in the world, Anderson. 2013. pg. 48