Jelaskan mengenai mekanisme yang digunakan oleh Manajemen WorldCom dalam memindahkan laba dari periode waktu lain untuk meningkatkan laba tahun berjalan ?
Regarding financial reporting, WorldCom used a liberal interpretation of accounting rules when preparing financial statements. In an effort to make it appear that profits were increasing, WorldCom would write down in one quarter millions of dollars in assets it acquired while, at the same time, it "included in this charge against earnings the cost of company expenses expected in the future. The result was bigger losses in the current quarter but smaller ones in future quarters, so that its profit picture would seem to be improving."
The acquisition of MCI gave WorldCom another accounting opportunity. While reducing the book value of some MCI assets by several billion dollars, the company increased the value of "good will," that is, intangible assets-a brand name, for example-by the same amount. This enabled WorldCom each......

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Title: Worldcom: Final Catalyst
Approximate Word Count: 997
Approximate Pages: 4 (250 words per double-spaced page)

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