소개글
[회계원리] 월드컴의 회계조작 사례(영문)에 대한 자료입니다.
목차
The capitalization of ordinary expenses/
Other accounting issues
Corporate Governance at WorldCom
What Went Wrong-1
: Management and Operations
What Went Wrong-2
: Management and Operations
DISCUSSION
본문내용
Mr. Ebbers was not interested in business details, operations, and fundamentals, preferring only the deal.
When he got involved in operations, he was more like a small business person.
WorldCom didn’t have a good management team.
“WorldCom wasn’t operated at all, it was just on auto pilot, using bubble gum an Band-Aids as solutions to its problems.”
The billing system for WorldCom customers was in chaos from its constant mergers.
WorldCom had fifty-five different billing systems.
There was a great deal of delay between bill payment and acknowledgment of customer corrections.
Cherry Communications filed suit against WorldCom for $100million in “false and questionable” bills.
2-3 of commercial customers filed for bankruptcy during a quarter on average.