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-fi... Very interesting video interview given by David Myers:    • Worldcom   Get 30% off ($17) MY ONLINE COURSE ON FINANCIAL METRICS 📈 https://thefincontroller.com/p/learn-... Use Coupon Code: FC30OFF ENJOY 2 FREE MONTHS OF SKILLSHARE 📚https://www.skillshare.com/r/profile/... Hang Out with me on social media: JOIN MY FACEBOOK GROUP HERE: 🙋🏼‍♂️https://www.facebook.com/groups/78073... FOLLOW ME ON INSTAGRAM: 📸   / 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!