no intro or conclusion
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.
