Mountains beyond Mountains

Your reflections should:
    Be 500-750 words in length
    Include your context for the reading. How does the reading fit into what you are learning in this class or other classes?
    Include your reactions to the reading. (How did the book make you feel? Which people did you relate to most? What surprised you the most? Etc)
    Include your personal reflections: How does this reading affect you as a human being? What will you think about or do differently in your personal life or relationships with others?
    Include your professional reflections: How can you apply this book in your future career? What might you do differently having read this book?
    Refer to specific events that occur in the book, using chapter numbers.
    Be entirely your original work- no need to consult outside sources!
    Not just summarize the book.

Assignment 3: Capstone Research Project

Question description
Assume you are the partner in an accounting firm hired to perform the audit on a fortune 1000 company. Assume also that the initial public offering (IPO) of the company was approximately five (5) years ago and the company is concerned that, in less than five (5) years after the IPO, a restatement may be necessary. During your initial evaluation of the client, you discover the following information:

The client is currently undergoing a three (3) year income tax examination by the Internal Revenue Service (IRS). A significant issue involved in the IRS audit encompasses inventory write-downs on the tax returns that are not included in the financial statements. Because of the concealment of the transaction, the IRS is labeling the treatment of the write-down as fraud.
The company has a share-based compensation plan for top-level executives consisting of stock options. The value of the options exercised during the year was not expensed or disclosed in the financial statements.
The company has several operating and capital leases in place, and the CFO is considering leasing a substantial portion of the assets for future use. The current leases in place are arranged using special purpose entities (SPEs) and operating leases.
The company seeks to acquire a global partner, which will require IFRS reporting.
The company received correspondence from the Securities and Exchange Commission (SEC) requesting additional supplemental information regarding the financial statements submitted with the IPO.

Write an eight to ten (8-10) page paper in which you:

Evaluate any damaging financial and ethical repercussions of failure to include the inventory write-downs in the financial statements. Prepare a recommendation to the CFO, evaluating the negative impact of a civil fraud penalty on the corporation as a result of the IRS audit. In the recommendation, include essential internal control procedures to prevent fraudulent financial reporting from occurring, as well as the major obligation of the CEO and CFO to ensure compliance.
Examine the negative results on stakeholders and the financial statements of an IRS audit which generates additional tax and penalties or subsequent audits. Assume that the subsequent audit and / or additional tax and penalties result from the taxpayer’s use of an inventory reserve account, applying a 10 percent reduction to inventory over three (3) years.
Discuss the applicable federal tax laws, regulations, rulings, and court cases related to the inventory write-downs, and explain the specific relevance of each to the write-down.
Research the current generally accepted accounting principles (GAAP) regarding stock option accounting. Evaluate the current treatment of the company’s share-based compensation plan based on GAAP reporting. Contrast the financial benefits and risks of the share-based compensation stock option plan with the financial benefits and risks of a share-based stock-appreciation rights plan (SARS). Recommend to the CFO which plan the company should use, and provide the correct accounting treatment for each.
Research the reporting requirements for lease reporting under GAAP and International Financial Reporting Standards (IFRS). Based on your research, create a proposal for future lease transactions to the CFO. Within the proposal, discuss the use of off-the-balance sheet financing arrangements, capital leases, and operating leases, and indicate the related business and financial risks of each.
Create an argument for or against a single set of international accounting standards related to lease accounting based on the global market and cross border leases of assets. Examine the benefits and risks of your chosen position.
Examine the major implications of SAS 99 based on the factors you discovered during the initial evaluation of the company. Provide support for your rationale.
Analyze the potential for a material misstatement in the financial statements based on the issues identified in your initial evaluation. Make a recommendation to the CFO for the issuance of restated financial statement restatement. Identify at least three (3) significant issues that can result from the failure to issue restated financial statements.
Examine the economic effect of restatement of the financial statements on investors, employees, customers, and creditors.
Use five (5) quality academic resources in this assignment. Note: Wikipedia and other Websites do not qualify as academic resources.

 
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Bmgt 496 | BMGT 496

Purpose:  In this project, you will assess marketing from a business perspective.  Specifically, you will complete research and use the course material to discuss a product, brand or industry, discuss how the product is suited to marketing of a particular company.  You will also learn about the responsibilities of marketers in relation to ethics.

Outcomes met by completing this project:

1. identify ethical issues that arise in domestic and global business environments using an understanding of ethical concepts and of legal and business principles

How to Set Up the Paper

Create a Word or Rich Text Format (RTF) document that is double-spaced, 12-point font.  The final product will be between 6-8 pages in length excluding the title page and reference page.  Write clearly and concisely.

Instructions:

The five “conceptions of a consumer” presents a framework for examining and organizing the purchase decision process of consumers. Thus, the framework presents an opportunity to examine the responsibility of the marketer to consider the ethical ramifications to its consumer base, i.e. Corporate Social Responsibility.  The following 5 conceptions are defined and explained in the Business Ethics Workshop, eBook, Chapter 12. 

1. The wary consumer 

2. The contracting consumer 

3. The protected consumer 

4. The renegade consumer 

5. The capable consumer

Course Material and Research

This project requires you to do research on the Internet.  You are expected to use course material going beyond defining terms.  You are expected to explain the ‘why and how’ of a situation.  Avoid merely making statements but close the loop of the discussion by explaining how something happens or why something happens, which focuses on importance and impact.  In closing the loop, you will demonstrate the ability to think clearly and rationally showing an understanding of the logical connections between the course material and the question(s) being asked.  Using one or two in-text citations from the course material throughout the entire paper will not earn many points on the assignment.  The support must be relevant and applicable to the topic being discussed.  Points are not earned for mentioning a term or concept but by clearly and thoroughly explaining or discussing the question at hand.

Your Role

As consumers we can define our attitudes and acceptance or rejection of advertising based upon our perceptions and experience.  But as students of Business Management, we are called upon to examine the topic more in depth and from a corporate perspective.  Project 2 will address the following questions from the perspective of a business owner or chief marketing officer. 

 

Use this link: Project 2 Template to complete this project.

Review the Paper 

Read the paper to ensure all required elements are present.

The following are specific requirements that you will follow.  Use the checklist to mark off that you have followed each specific requirement.  

   

Checklist

Specific Project Requirements

 

Proofread your paper

 

Read and use the grading rubric while completing the memo to ensure all requirements are met that will lead to the highest possible grade. 

 

Submit file in Assignment Folder as a PowerPoint Presentation.  No pdf files will be graded.

 

Third person writing is required.  Third person means that there are no words such as “I, me, my, we, or us” (first person writing), nor is there use of “you or your” (second person writing).  If uncertain how to write in the third person, view this link: http://www.quickanddirtytips.com/education/grammar/first-second-and-third-person. 

 

Contractions are not used in business writing, so do not use them.  

 

Paraphrase and do not use direct quotation marks.  Paraphrase means you do not use more than four consecutive words from a source document.  Instead put a passage from a source document into your own words and attribute the passage to the source document by using an in-text citation. 

Changing words from a passage does not exclude the passage from being a direct quote.   If more than four consecutive words are used from source documents, this material will not be included in the grade and could lead to allegations of academic dishonesty.

Use in-text citations and provide a reference list that contains the reference associated with each in-text citation.

Note that a reference within a reference list cannot exist without an associated in-text citation and vice versa.  

 

You are expected to use the weekly course materials to develop the analysis and support the reasoning.   See the module, Learn How to Support What You Write.  There should be a robust use of the course materials along with a thorough analysis.

The citations must contain the title of the eBook, the chapter title and year.  The case scenario facts are not cited but do not use more than four consecutive words when completing the project.  If more than four consecutive words are used from source documents, this material will not be included in the grade and could lead to allegations of academic dishonesty.

 

You may not use books in completing this project.  Dictionaries, encyclopedia and Wikipedia may not be used. 

a summary 2

summary all life of Armstrong use basic words and grammar

 

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Use Discount Code “Newclient” for a 15% Discount!

NB: We do not resell papers. Upon ordering, we do an original paper exclusively for you.

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