WORLDCOM ACCOUNTING FRAUD EXPLAINED!

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!