Thursday, May 21, 2020

Analysis Of The Movie Ruthie Big Dream - 925 Words

Ruthie’s Big Dream Ruthie McKay had a simple, happy life. She was a fair blonde with freckles and wasn t too short nor tall, and she always wore pink. She lived in an extravagant house with her parents and her dog, Macy. Ruthie was seldom lonely since she had so many friends, but still she longed for someone who was just like her. It was the first day of school and Ruthie was struggling to get ready. â€Å" Ruthie?† called Ruthie’s mother. Ruthie’s mom, known as Mrs.McKay to everyone else was a tall, slender, redhead with a kind, big heart. â€Å" Yes mother?† answered Ruthie. â€Å"After school your nanny will be here to take care of you.† replied Mrs.Mckay. â€Å" Okay mom.† responded Ruthie. Ruthie looked around her room and†¦show more content†¦Ruthie ran down the stairs and quickly ate her breakfast. She had toast, pink applesauce, and a poached egg. â€Å" Mom?† called Ruthie. â€Å" Yes honey.† replied Mrs.McKay. â€Å" Where are you going today?† inquired Ruthie. â€Å" To the doctors office.† responded Mrs. McKay. â€Å" Why?† asked Ruthie. â€Å"To get a check-up.† answered Mrs.McKay. â€Å" For what?† interrogated Ruthie. â€Å" Well, I guess it’s time that I told you. You’re going to have a new baby sister!† announced Mrs.McKay. â€Å" What! This means that you won’t love me as much, and I’ll have to give up my room!† predicted Ruthie. Then, Ruthie stomped upstairs and slammed the door shut. â€Å" Ruthie, Ruthie?† called Mrs.McKay. Ruthie’s mom opened the door and found Ruthie in her room crying. â€Å" Ruthie, your father and I will still love you the same, and you won’t have to give up your room.† mentioned Mrs.McKay. â€Å" Oh really, I guess I’ll just go back downstairs and finish my breakfast.† Ruthie stated, clearly embaressed When Ruthie got home her nanny was there. â€Å" Ruthie guess what!† her nanny, Ms. Rose exclaimed. Ms. Rose was a short woman with amber hair and greenish eyes. She was always smiling, and if you met her you would probably remember her by her red lipstick. â€Å"What?† asked Ruthie. â€Å" You have a new baby sister, and we are going to see her!† Ms. Rose proclaimed. â€Å" Really? Wow!† screeched Ruthie with enthusiasm. When Ruthie and Ms. Rose arrived at the hospital Ruthie’s father was waiting for them. Ruthie’s father was a tough, but

Wednesday, May 6, 2020

Accounting Fraud at Worldcom 3 - 3346 Words

Accounting Fraud at WorldCom 1) What are the pressures that lead executives and managers to â€Å"cook the books?† After the rapid evolution of the telecommunication industry in the 1990s, WorldCom shifted its strategy to focus on building revenues and acquiring capacity sufficient to handle expected growth. Their biggest goal was to be the No. 1 stock on Wall Street rather than capturing the market share. As a result, their Expense-to-Revenue (E/R) Ratio was their measurement for their main objective (increase revenues and become the No. 1 stock on Wall Street). Due to heightened competition, overcapacity and the reduced demand for telecommunication services at the onset of the economic recession and the aftermath of the dot-com bubble†¦show more content†¦Thus, Cooper had the incentive to go along with accounting fraud to continue making a large salary and to not ruin personal relationships. Arthur Anderson, the outside auditor, also had many incentives that prevented the auditing company from reporting WorldCom’s suspicious actions. Anderson considered WorldCom its most â€Å"highly coveted† and â€Å"flagship† client, and wanted to maintain a long term relationship with WorldCom. With these goals in mind, Anderson ignored WorldCom’s many denials for pertinent financial information and meetings and continued to audit WorldCom at a â€Å"moderate-risk† level, instead of a â€Å"maximum risk† level which Anderson’s risk management software program rated WorldCom as. Finally, the board of directors had too little connection with WorldCom to even realize fraudulent practices were occurring. Over 50% of the Board of Directors were nonexecutive members of WorldCom, and had little contact with any WorldCom managers besides board meetings, which occurred four to six times a year. Thus, the board members were fooled by the fraudulent packets of information about WorldCom’s financial health that Ebbers prepared before each board meeting. 3.2) What processes or systems should be in place to prevent or detect quickly the types of actions that occurred in WorldCom? Several systems should have been in place to bothShow MoreRelatedAccounting Scandal of Worldcom940 Words   |  4 PagesMANAGERIAL ACCOUNTING WORLDCOM How did it cook the books? Nguyen Bao Khanh Student ID: FB60162 Class: FB0662 May 19th, 2012 APENDIX 1. WorldCom’s accounting scandal 2. How did WORLDCOM cook its books? 3. Conclusion WORLDCOM headquarter in Virginia, USA. WORLDCOM’S ACCOUNTING SCANDAL WorldCom, established in 1983, whose CEO was Bernard Ebbers, was the second largest long distance phone company in the US after ATT. It could be seen as a pride of America until it got into oneRead MoreAssignment # 3 Worldcom Accounting Scandal1486 Words   |  6 PagesAssignment # 3 WorldCom Accounting Fraud By Mark A. Cowan Strayer University ACC 499- Accounting Capstone May 15, 2011 The purpose of this paper is to discuss the aspects of the WorldCom accounting scandal and the effects that this scandal had on the accounting world as we know it. We will discuss the corporate culture at WorldCom and how it contributed to the accounting fraud, how the CEO’s desire to be the #1 stock on Wall Street contributed to the fraud, pressures on accountants to bookRead MoreRelationship Between Andersen And Worldcom Essay1005 Words   |  5 PagesRelationship between Andersen and WorldCom Andersen was WorldCom’s external auditor from 1990 to 2002. They has shared a good relationship since the time Andersen was found. After MCI had been acquired by WorldCom, Andersen got the position to audit MCI at the cost that WorldCom offered Andersen less amount of auditing service fee than other accounting firms. (ACC guest speaker series presents David Myers.(2009).[Video/DVD] Baylor University). But according to the size of WorldCom, such amount of money couldRead MoreLost insurance benefits as well as retirement benefits tied to WorldCom stock. Shareholders, which1200 Words   |  5 Pagesas well as retirement benefits tied to WorldCom stock. Shareholders, which included many pension funds, lost billions of dollars. The California public-employee’s retirement system, the largest state pension fund in the country, sued in an attempt to regain some of the $580 million it lost in the WorldCom debacle (Ripley 6). The telecommunications industry suffered as well. Industry companies were competing against WorldCom under false pretenses. WorldCom was fraudulently stating its financialsRead MoreWorldCom Notes Essay1015 Words   |  5 Pages[1] What business was WorldCom in? WorldCom was in the business of telecommunications. Where was WorldCom located? WorldCom was located in Clinton, Mississippi. Who was the CEO? The CEO was Bernie Ebbers. Who was the CFO? The CFO was Scott Sullivan. What are the names of the two members of the internal audit staff who worked with Cynthia on their secret investigation? Gene Morse and Glyn Smith What made the internal auditors think that possibly there was a need to investigate WorldCom’sRead MoreThe Ethics Case Study Assignment1343 Words   |  6 Pageser Ethics Case Study Assignment 1. Overview Of the Corporation: †¢ WorldCom is a company built on telecommunications in the United States. WorldCom was invented in 1963 and the MCI WorldCom was established in 1998. During the 1990’s, WorldCom was a fast growing company in terms of their telecommunication services. The company started to supply long distance calling in 1983 and was considered the fourth best phone providing business. It was very effective due to the quality and quantity of servicesRead MoreIndustry Specific Changes. The Telecommunications Industry1697 Words   |  7 Pagesin the telecommunications industry soared. After the successful acquisitions of MFS Communications and UUNet Technologies, the newly formed WorldCom offers long distance, data communication, and local services. In 1997, WorldCom successfully acquires MCI Communication Corporation. The acquisition results in increased revenues for WorldCom. Even though WorldCom acquired MCI, the company fails to merge the client bases. The lack of coordination among W orldCom’s and MCI’s systems leads to increased customerRead MoreWorldcom Case1078 Words   |  5 Pages3) Roots of the scandal The roots of the fraud and the role of internal auditors As explained above, the fraud was implemented by the former CEO Bernard Ebbers and commited by his financial director Scott D. Sullivan. The technique used by Worldcom was pretty simple; indeed, he cooked the books by saving pure operating expenses such as maintenance network in capital expenditure instead of expenses in order to hide its decreasing earnings and to maintain the price of Worldcom’s stock. In summaryRead MoreAccounting Fraud at Worldcom 21405 Words   |  6 PagesAccounting Fraud at WorldCom Vanessa Gail Woods Strayer University Connor-Green/ACC 576 March 21, 2010 Accounting Fraud at WorldCom The break up of ATT opened the long distance service market to small companies during the mid- to late-1980s and 1990s. Long Distance Discount Service (LDDS) opened in 1983 with moderate growth until its stock went public in 1989. CEO Bernie Ebbers decided to grow the organization through acquisitions (70 companies over the course of its lifetime)Read MoreWhat Are Five Elements Necessary For Commit Fraud?1739 Words   |  7 PagesIntroduction Elements There are five elements needed to commit fraud: (1) a false statement containing material fact, (2) the defendant possesses the knowledge that the statement is untrue, (3) the false statement’s intent is to deceive the intended victim, (4) the intended victim justifiably relies on the statement, and (5) the ending result is financial injuries to the intended victim. All false statements do not constitute for fraud; they need to contain a material fact. The materiality of the

Dover Beach Free Essays

George 1 Joshua George Instructor Sarah Poffenroth EN 115 23 October 2012 Essay Two: The theme of ‘Illusion versus Reality’ in Matthew Arnold’s ‘Dover Beach’ ‘Dover Beach’ is a poem by the English poet Matthew Arnold. The locale of the poem is the English ferry port of Dover Kent, facing Calais, France. This was the place where Matthew Arnold honeymooned in 1851 (Wikipedia Contributors). We will write a custom essay sample on Dover Beach or any similar topic only for you Order Now In Matthew Arnold’s ‘Dover Beach’, the speaker draws visual imagery to show that what is generally perceived is false and hence an illusion, and he contrasts it using aural imagery to show what is truly real, the bitter reality of losing faith in one’s tradition, culture, and religion. The poem is unevenly divided into four stanzas. The first stanza has fourteen lines, whereas the second, third, and fourth have six, eight, and nine lines, respectively. Ruth Pitman calls this poem a series of incomplete sonnets (109). The poem has no particular rhyme scheme except for stanza four which follows the rhyme scheme- abbacddcc. The events described in the poem allude to the Victorian Era (1837-1901) (Wikipedia Contributors), which was a time of industrialization and introduction of scientific theories and ideas such as the Theory of Evolution which questioned major principles of Christianity. Some critics say that the speaker in the poem is Matthew Arnold himself because the location where the events in the poem take place is George 2 Dover beach, where Arnold went for honeymoon with his wife. The poem is thought to be composed in 1851 and that is the year when Arnold honeymooned (Wikipedia Contributors). The speaker paints visual imagery of the scene in lines 1-8. Words such as ‘calm’ and ‘tranquil’ create an image of stability whereas words such as ‘glimmering’ and ‘vast’ describe the visual beauty of the scene. The first stanza also uses words like ‘roar’ and ‘tremulous cadence’ to draw an aural image of the scene. Notice the contrast Arnold draws by using visual and aural imagery; the former expresses illusion (calm, beautiful, tranquil, etc. ) and the latter expresses reality (tremulous cadence) which induces sadness. The beginning of the first stanza describes the beauty of ‘Dover beach’. Midway through the stanza, the speaker invites his love (mentioned in stanza four) to ‘come to the window’ (line 6) and listen to the grating roar of the pebbles. By saying ‘come to the window’ the speaker wants his love to see things from his perspective. Alternatively, it could also mean looking at things closely as implied by lines seven and eight where the speaker mentions that ‘only, from the long line of spray where the sea meets the moon-blanched land’ (the shore) can you hear the ‘grating roar of pebbles’. The sound made by the pebbles when it is drawn and flung by waves, creates a note of sadness in the speaker’s heart. The first stanza shows the incompatibility between what is perceived and what is truly real. The material things of the world are in a way an illusion created by the world but the truth can be only known when we closely inspect everything. By introducing Sophocles (Greek playwright) in the second stanza, the speaker wants to emphasize the fact that he is not the only one to experience sadness induces by the sound of pebbles tossed about by the waves which ‘brought into his (Sophocles’) mind the turbid ebb and George 3 flow of human misery’ (lines 17-18). The speaker feels the same. This poem was written in the Victorian Era. It was a time of industrialization, economic prosperity and introduction of scientific ideas such as ‘Darwin’s Evolution Theory’ which made people question tradition, culture, and religion. People lost all their faith; though on the outside they seemed calm, happy and in control, the speaker feels that deep down inside they all experienced sadness due to their lack of faith (stanza 3). In the third stanza, the speaker talks about faith. The speaker feels that people used to be full of faith but due to the modern age and its ideas, people have lost their faith in tradition, culture, and religion. The speaker illustrates this by using the image of clothes. When people had faith in religion, the world used to be clothed (Lay like the folds of a bright girdle furled). Once they lost their faith, they were stripped of these clothes like ‘naked shingles of the earth’. Thus, the third stanza brings out the bitter reality of that time. Depressed by the condition of humans the speaker turns to his lover and wants them to be true to one another. Stanza four brings back the illusion presented in stanza one. The speaker says, â€Å"For the world, which seems to lie before us like a land of dreams, so various, so beautiful, so new, hath really neither joy, nor love, nor light, nor certitude, nor peace, nor help for pain† (lines 30-34). Here the word ‘seems’ implies that the world isn’t what it is normally perceived (it is an illusion) as (land of dreams, beautiful etc. ) but it has bitter reality attached to it. This melancholy awareness of the poet is put perfectly by Rodney Delasanta; he wrote, â€Å"The theme of the poem (the poet’s melancholy awareness of the terrible incompatibility between illusion and reality) is supported by the use of visual imagery to express illusion and auditory imagery to express reality† (1). George 4 H. Wayne Schow points out an interesting thing; the phraseology of the poem is similar to Romans 8:38-39, where Paul writes: For I am persuaded, that neither death, nor life, nor angels, nor principalities, nor powers, nor things present, nor things to come, nor height, nor depth, nor any other creature, shall be able to separate us from the love of God. This shows that Arnold knew the Bible well. He could have used it deliberately to contrast the piece of scripture from Romans to emphasize the current state of humankind (27). Arnold’s â€Å"Dover Beach† uses imagery, symbolism, and other poetic devices to reveal the theme of illusion versus reality. Throughout the poem we can see the speaker’s struggle which is well supported by the inconsistent rhythm and meter. The speaker beautifully describes it by using visual imagery to express illusions and aural imagery to express harsh reality. The speaker expresses his desire to have faith and be honest with his love but towards the end of the poem slides back to pessimism due to the realization of the reality. George 5 Works Cited Wikipedia contributors. â€Å"Victorian era.   Wikipedia, The Free Encyclopedia. Wikipedia, The Free Encyclopedia, 23 Oct. 2012. Web. 23 Oct. 2012. Wikipedia contributors. â€Å"Dover Beach. †Ã‚  Wikipedia, The Free Encyclopedia. Wikipedia, The Free Encyclopedia, 17 Sep. 2012. Web. 23 Oct. 2012. Pitman, Ruth. â€Å"On Dover Beach. † Essays in Criticism. XXIII (1973): 109-136. Web. 23 Oct. 2012. Sc how, H. Wayne. â€Å"Arnold’s Dover Beach. † The Explicator. (1998): 26-27. Web. 23 Oct. 2012. Delasanta, Rodney. Explicator. XVIII (1959): 1. Web. 23 Oct. 2012. Fain, John T. â€Å"Arnold’s Dover Beach. † (2002): 40-42. Web. 23 Oct. 2012. How to cite Dover Beach, Essay examples