re: finance and accounting

Project Description:

accounting scandals recent years have witnessed some of the most significant accounting scandals in history. for each scandal listed identify how balance sheet quality and earnings quality were impaired.

waste management (1998); = waste management industry) falsely increased the useful lives of long lived tangible assets

enron (2001; energy) = underreported balance sheet short term debt
worldcom (2002; telecommunications) =capitalized rather than expense expenditures to maintain transmission lines
lehman brothers (2008; financial services) =sold toxic assets (i.e, financial investments) to other banks with a buyback agreement, removing the toxic assets from its books
saytam (2009; it and accounting services) =created fictions revenue recognition journal entries.
Skills Required:
Project Stats: Edited

Price Type: Fixed

Project Budget: $3 to $5
Total Proposals: 2
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