Worldcom accounting fraud had ripple effects that resonate till today. In this video I breakdown their business model, the pressure leading to the fraud, the nature of the fraud and the consequences. Worldcom’s management violated 2 main accounting principles: The objectivity principle and the matching principle. Let’s dive in.
Free Download of My Balance Sheet Metrics Cheat Sheet:
https://thefincontroller.com/p/the-fin-controller-1
Very interesting video interview given by David Myers:
https://www.youtube.com/watch?v=hXSWAK0K5L4&t=953s
Get 30% off ($17) MY ONLINE COURSE ON FINANCIAL METRICS 📈
https://thefincontroller.com/p/learn-financial-metrics-kpis
Use Coupon Code: FC30OFF
ENJOY 2 FREE MONTHS OF SKILLSHARE
📚https://www.skillshare.com/r/profile/Bill-Hanna/7521537
Hang Out with me on social media:
JOIN MY FACEBOOK GROUP HERE:
🙋🏼♂️https://www.facebook.com/groups/780732429036886/?source_id=101273467885666
FOLLOW ME ON INSTAGRAM:
📸 https://www.instagram.com/the_financial_controller/
DISCLAIMER: Links included in this description might be affiliate links. If you happen to purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you! Thank you for supporting my channel so I can continue to provide you with free content each week!
source
