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Written by:
Iliana G
Date added:
December 2, 2012
Level:
University
Grade:
A
No of pages / words:
4 / 900
Was viewed:
643 times
Rating of current essay:
Essay content:
How did Palvo manipulate the uncollectible debt to boost the company's assets and profits?
Palvo felt the pressure from upper level management at MCI/WorldCom to constantly achieve revenue growth in the company. As Pavlo watched his bosses manipulate the company's financial records, he soon began to manipulate them himself...
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Financial records were manipulated by Pavlo, his superiors, and his colleagues in a widespread effort to fraudulently make the company look like it was meeting revenue growth projections, even though it wasn't.
Pavlo learned how to conceal uncollectible debt through entering unusual, fradulent journal entries, delaying write-offs, which boosted the company's assets and profits...
displayed 300 characters
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