ACNT 2375 – 40 Pt Case
Step 1: 15 pts
Read the article and prepare a paper that provides:
(1) A summary of the article: Use your own words. Do not use quotations from the article – use your words for this summary.10 pts
(2) Your meaningful comments on this issue. 5 pts (Clearly label your comments. Be professional). Avoid general statements such as ‘They just want to cheat. I fully agree.”) 5 pts
Step 2: 25 pts
From the article, select 3 items that were excluded in determining Non-GAAP EPS (items are discussed in the body of the article and in Table 1 of the article. For each of these 3 items, find the GAAP. DO NOT use the glossary or section 50 for this step. For example, if you choose ‘Noncash interest expense on convertible debentures’. Find the GAAP (using the Codification) to locate current GAAP for this issue.
If there is pending GAAP, discuss this pending GAAP (including when it becomes effective).
The purpose of step 3 is to locate the current GAAP for the selected issues. It is fine to cut and paste from the Codification. Be sure to use the Printer Friendly feature at the bottom of the page. This provides the full citation and proper formatting. 18 pts
For each of the 3 items, Include a
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