What happened in the Enron, Tyco, and Worldcom scandals?

  • Thread starter Thread starter student007
  • Start date Start date
Click For Summary
SUMMARY

The Enron, Tyco, and Worldcom scandals involved significant accounting fraud that led to the collapse of these major corporations. Enron manipulated financial statements to hide debt, Tyco engaged in unauthorized bonuses and accounting irregularities, and Worldcom inflated assets by billions through improper accounting practices. For concise summaries, resources like economist.com provide clear overviews, while libraries may offer printed annual indexes for deeper research.

PREREQUISITES
  • Understanding of corporate governance
  • Familiarity with accounting principles
  • Knowledge of financial statement analysis
  • Basic research skills for navigating online resources
NEXT STEPS
  • Research "Enron accounting fraud case study"
  • Explore "Tyco International scandal overview"
  • Investigate "Worldcom financial misstatements analysis"
  • Learn about "Sarbanes-Oxley Act and its implications"
USEFUL FOR

Business students, finance professionals, and anyone interested in corporate ethics and financial accountability will benefit from this discussion.

student007
Messages
30
Reaction score
0
I'm a new business student, and am trying to understand what happened in the three titled scandals, however, whenever I look on the net, I find complicated explanations, or news regarding the convicted men. All I want is a clear, concise, summary of what happened at these scandals. Can anyone help me out or possibly give me a link to a site that can offer me what I would like? thanx.
 
Physics news on Phys.org
You're going to need to learn how to do google searches. I went to google and typed in "summary of company name scandal" and got summaries of each scandal. (substitute the name of the company you're searching for where I typed "company name", in case that's not obvious)
 
I did that...the links are either too simplified, where all they really say is "accounting fraud", or they summarize the aftermath of the scandals - the lawsuits, etc. I'm looking for a reader's digest version just highlighting the main points of what the scandals were
 
Try economist.com. You might be asked to subscribe, pay up, etc. Alternatively you can look for printed copies in a library, they should have annual indexes, too.
 
All of the summaries I've seen explain exactly what happened. If you need more detailed information then you are going to have to read through everything and pick out what you are looking for.
 
You know what...

http://money.howstuffworks.com/cooking-books.htm

Exactly the companies your looking for and they have very simplified explanations of what happened.

But remember... there's a reason why most sites have complicated descriptions of what happened...
 

Similar threads

Graduate What Happens When 100 Perfect Logicians with Blue Foreheads Are in a Room?
  • · Replies 20 ·
Replies
20
Views
30K
Should the public know what you are thinking and concluding?
  • · Replies 10 ·
Replies
10
Views
2K
Graduate Focus all of your ire on me, if you would
  • · Replies 4 ·
Replies
4
Views
3K
Graduate RIP Edwin F Taylor (1931-2025)
  • · Replies 3 ·
Replies
3
Views
1K
Other Name omitted from Professor's research paper- What should I do?
  • · Replies 25 ·
Replies
25
Views
5K
High School What will happen when a body is equally dense as the liquid?
  • · Replies 7 ·
Replies
7
Views
42K
Graduate 1 pulley with mass, 1 mass on the cord, 1 external force, no gravity
  • · Replies 16 ·
Replies
16
Views
3K
Undergrad What is spin and why does is particle emission possible
  • · Replies 8 ·
Replies
8
Views
3K
Three new books to read about expertise vs. democracy
  • · Replies 4 ·
Replies
4
Views
3K
Graduate What Makes Orodruin's Physics Journey Unique?
  • · Replies 17 ·
Replies
17
Views
4K