Discussion Post
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:
a) Explain what you learned about capitalization of costs and how/when they are recognized as expenses in the financial statements.
b) What are your thoughts and feelings about the situation described in the E&Y video?
c) What aspects of the E&Y video do you agree or disagree with?
d) Can you identify with the situation described in the E&Y video?
e) Incorporate accounting concepts (capitalization) as well as ethical considerations.
f) Plus anything else you want to include.
The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citations.