Individual Project
Deliverable Length:1 Pages
Points Possible:125
Due Date:3/15/2013 11:59:59 PM CT
Selecting a for-profit organization of interest, you will research an unusual or conflicting accounting principle that has impacted your chosen organization. The research will require you to present, review and analyze the organizations published accounting statements of the last two years. Specifically, your research paper will:
- Identify the core functions of each department, their strengths and weaknesses, and make recommendations for improvement, as appropriate
- Identify and describe the underlying problem or conflict
- Compare the alternative courses of action
- Explain the effects at issue
- Recommend options that would be consistent with the organization’s accounting practices, accounting processes, and accounting-related departments.
- Include the last two years of published accounting statements
Present your findings as a1 pages Word document formatted in APA style.
Instructor CommentsThe IP assignment seems to be confusing to many of you. Here is what you need to do. First off you need to find a company that received a
qualified audit reportmeaning that they were in some sort of violation of Generally Accepted Accounting Principles (GAAP). An unqualified report is a clean report so you
don'twant this one. To find such a company you can search the internet for:
company that has violated GAAP. Then, depending upon what the qualification was, you need to explain the department in the company that was affected and your suggestions to fix it.
For
example, if the qualification was the over statement of revenue then you would look at the sales department and suggest ways (maybe internal controls) that would monitor the situation to prevent the event from happening again.
earch an unusual or conflicti