Essays on Worldcom

Essays on Worldcom

Feeling stuck when writing an essay on Worldcom? If you are unable to get started on your task and need some inspiration, then you are in the right place. Worldcom essays require a range of skills including understanding, interpretation and analysis, planning, research and writing. To write an effective essay on Worldcom, you need to examine the question, understand its focus and needs, obtain information and evidence through research, then build a clear and organized answer. Browse our samples and select the most compelling topic as an example for your own!

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We've found 23 essays on Worldcom

Essay examples

Essay topics


WorldCom, Inc Corporate Bond Issuance

This case raises many interesting questions concerning the record setting issuance of corporate debt by WorldCom, Inc. (“WorldCom”). Both the surprisingly voluminous structure of the proposed issuance and the foreboding macro-economic climate in which it was slated spark concerns over the risk and cost of …

Words 1097
Pages 4
WorldCom Accounting Failure

This research paper will seeks to discuss accounting failure at WorldCom by trying to understand the nature of fraud committed, the perpetrators who caused the failure, the lacking controls that may have caused all these problems and the intentions of the perpetrators as would be …

Words 4064
Pages 15
The Enron and Worldcom Scandals

E. Boos – Week 2 – Assignment February 17, 2013 The Enron and WoldCom Scandals ENRON 1. The segment of Enron’s operations that got them into difficulties had several parts. They published misleading financial reports. They could not meet their bridge financing commitment with Barclay …

EnronEnron ScandalFraudWorldcom
Words 851
Pages 4
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Accounting Fraud at Worldcom

SUBJECT: Accounting fraud at WorldCom Problem Statement WorldCom penetrated the largest accounting fraud in U. S history by overstating its tax income between 1999 and 2002. The main players in WorldCom’s accounting fraud included CFO Scott Sullivan, the General Accounting and Internal Audit departments, external …

Words 466
Pages 2
The Rise and Fall of Worldcom

Shaghayegh Davari * Wan-Ting Shao * Ananya Chandra * Niteesh Chinta * Shraddha Rane * Swathi Punreddy The Rise and fall of WorldCom This case study WorldCom is a telecommunications company which was led by CEO, Bernard Ebbers, and CFO, Scott Sullivan. In 1999, WorldCom …

Words 919
Pages 4
Defining Assets and Analyzing WorldCom’s Line Costs as Operating Expenses

Question 1: The definition of assets is in FASB Concept Statement 6, paragraph 25: Assets are probable future economic benefits obtained or controlled by a particular entity as a result of past transactions or events. Paragraph 26 then describes the trio of characteristics that qualify …

Words 318
Pages 2
WorldCom Fraud

When talking about fraud, first thing comes to mind is the business ethics in the accounting fields. People often think accounting fraud is caused by those ones with low moral standards, and its driven by the temptation of money. The fraud triangle covers three factors …

Words 443
Pages 2
WorldCom Case

WorldCom is one of the major players in telecomuniocation industry in the U.S. It has also gained popularity by undergoing a number of mergers and acquisitions, and the bypassing of accounting regulations which resulted in their bankruptcy as a lawsuit was filed against them. The …

Words 582
Pages 3
Informative Essay on Accounting Fraud at Worldcom

Accounting Fraud at WorldCom LDDS began operations in 1984 offering services to local retail and commercial customers in the southern states. It was initially a loss making enterprise, and thus hired Bernie J. (Bernie) Ebbers to run things. It took him less than a year …

Words 718
Pages 3
Worldcom Scandal

WorldCom Scandal Formerly known as WorldCom, now known as MCI, this U. S. -based telecommunications company was at one time the second-largest long distance phone company in the U. S. Today, it is perhaps best known for a massive accounting scandal that led to the company …

Words 545
Pages 2
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Find extra essay topics on Essays on Worldcom by our writers.

The WorldCom scandal was a major accounting scandal that came to light in the summer of 2002 at WorldCom, the USA's second-largest long-distance telephone company at the time.


Frequently asked questions

What is WorldCom known for?
WorldCom is primarily known for two things: its massive accounting scandal, and its subsequent bankruptcy. The company was once the second largest long-distance telephone company in the United States, but it all came crashing down after an investigation revealed that the company had been fudging its numbers for years. The scandal led to the ouster of CEO Bernie Ebbers, and sent the company into bankruptcy. It has since emerged from bankruptcy and been renamed MCI.
What was the WorldCom scandal summary?
The WorldCom scandal was a massive accounting fraud that took place at the telecommunications giant in the early 2000s. The fraud was uncovered in 2002 and resulted in the company filing for bankruptcy. WorldCom's former CEO, Bernard Ebbers, was convicted of fraud and sentenced to 25 years in prison. The scandal also led to the passing of the Sarbanes-Oxley Act, which enacted stricter regulations on corporate accounting.
How did WorldCom become successful?
WorldCom's success can be attributed to a variety of factors. First, the company's aggressive growth strategy allowed it to quickly become one of the largest telecommunications providers in the world. Second, WorldCom was able to take advantage of the deregulation of the telecommunications industry in the United States, which allowed it to enter new markets and offer new services. Finally, WorldCom's use of innovative technologies, such as its nationwide fiber optic network, helped it to provide high-quality service to its customers.
What did WorldCom do that was unethical?
WorldCom engaged in a widespread accounting fraud in which it inflated its earnings by billions of dollars. The company used a variety of methods to falsify its financial reports, including inflated revenue, understated expenses, and capitalizing operating costs. This fraud led to the collapse of the company and the loss of thousands of jobs.

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