Reference no: EM131322902
ACCOUNTING DISCUSSION QUESTIONS
DQ1
Review the provisions of the Sarbanes-Oxley Act of 2002 to address the accounting scandals in the late 1990s and early 2000s (Enron, WorldCom, etc.). Identify the provisions that you believe made the most significant impact. What other provisions could have been included in the Act to strengthen the responsible stewardship and integrity of the accounting profession? Conversely, what existing provisions in the Act do you believe (if any) are unnecessary or over-regulate the profession?
DQ2
Summarize the events of a recent accounting scandal. Identify how the illegal or unethical act was detected and describe the punishments that resulted (fines, prison terms, etc.). Consider what could have been done to detect this act earlier or to prevent it from happening in the first place. Select a different example than those listed in previous posts.
DQ3
US GAAP follows the Historical Cost Concept in valuing the cost of long-term assets. Explain this principle and how it compares to the standards used in the reporting of long-term assets under International Financial Reporting Standards (IFRS). If there is a convergence of standards, which method do you believe should be used and why?
DQ4
Discuss the advantages and disadvantages of the following types of financing:
1. Issuing bonds
2. Borrowing from the bank
3. Equity financing
Provide an example of how a public company has relied more on one method of financing than the others and why it has done so.
DQ5
Discuss the differences between the indirect and direct methods of preparing the statement of cash flows. What do you believe are the most significant advantages and disadvantages of using each method? Explain your reasoning
DQ6
Discuss the efficient market hypothesis. Explain why financial statement analysis can or cannot be performed in a way that provides significant advantage to an investor.
DQ7
Identify a real-life outsourcing decision that has been made. Identify the specific reasons for the outsourcing. If information is available, discuss the results of the outsourcing decision (jobs lost, cost savings, etc.). Cite sources as deemed necessary.
DQ8
Identify the costs and benefits to a company of gathering, reporting, and disclosing non financial information (e.g., balanced scorecard, corporate social responsibility reporting, sustainability reporting, etc.).
The patient protection and affordable care act
: The Patient Protection and Affordable Care Act (PPACA) of 2010 (section titled "Subtitle D") identifies requirements relating to provider compliance with fraud, waste, and abuse laws. Identify three measures that your health care organization ((or..
|
What is ending inventory assuming northwest use gross method
: Cost of goods sold for the year was $373,000. Northwest uses a perpetual inventory system. What is ending inventory assuming Northwest uses the gross method to record purchases?
|
Health care workers and health care leaders
: Based on the video, describe, with rationale, two key factors that you feel will need to be addressed by future health care workers and health care leaders. (Note: you can download slides from this video within the media piece itself for ease of r..
|
Draw a circuit diagram for the digital stopwatch
: Are there any circumstances under which your stopwatch could function incorrectly because of metastable states? If so, describe them. How likely would these be to cause incorrect operation in practice? Explain your reasoning.
|
Identify a real-life outsourcing decision that has been made
: Identify a real-life outsourcing decision that has been made. Identify the specific reasons for the outsourcing. If information is available, discuss the results of the outsourcing decision (jobs lost, cost savings, etc.). Cite sources as deemed n..
|
Responsibility does yahoo have to its employees
: Discuss the ethics of the new policy at yahoo. Is it fair to tell employees who currently telecommute to either return to the office or find a new job? What moral responsibility does yahoo have to its employees?
|
What does it mean to analyze the collected data
: What does it mean to analyze the collected data from a program evaluation? An analysis involves reviewing multiple components, such as analyzing and synthesizing findings
|
Provide a financial analysis for the information system plan
: Provide a financial analysis for the Information System Plan. Include an estimate of time and resources with associated cost.Also. include a break-even analysis, cash flow analysis, and present value analysis. Provide a narrative on methods to be ..
|
Very proactive in equal pay for women in today workplaces
: President Obama has been very proactive in equal pay for women in today's workplaces. Each fall, companies file an EEO-1 document. Beginning soon, that document will need to include additional information related to pay based on genders.
|