Post a reflection (at least three paragraphs) describing your three most important takeaways from the WorldCom materials you have reviewed (Ernst & Young video, cost capitalization video, WSJ article).
Address the following in your reflection:
- Explain what you learned about capitalization of costs and how/when they are recognized as expenses in the financial statements.
- What are your thoughts and feelings about the situation described in the E&Y video?
- What aspects of the E&Y video do you agree or disagree with?
- Can you identify with the situation described in the E&Y video?
- Incorporate accounting concepts (capitalization) as well as ethical considerations.
- Plus anything else you want to include.
Post your reflection by clicking the ‘Reply’ button below.
Post a substantive reply to at least two of your classmates.
This is a post-first discussion, which means that you must submit your initial post in order to view the other posts.
Please post as early as possible to allow for substantive discussion with your classmates.
The substantive reply to two classmates will come later.