Blinding Numbers

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Title: Blinding Numbers

Essay Details:

Subject: Business

Author: Douglas W

Date: July 14, 2015

Level: University

Grade: A

Length: 3 / 658

Essay text:

Evolution has proven, although debatable, that those who are the most successful will survive. This theory can parallel the actions of many CEO's, managers and accountants who will stop at nothing and ignore the essential aspects of GAAP. For example, in 2001 and 2002, Enron and WorldCom collapsed as a result of massive accounting frauds. It is partly due to greed; however, it is also because it is very easy. By overestimating future collections or the value of unsold inventory to blatantly ignoring the addition of expenses, these aspects of "conservatism" are just a few ways in which companies' blind investors, competitors and everybody else...

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