1. Find an article online that discusses a breach or violation of a regulation, such as HIPAA, or of a standard such as PCI-DSS, GLBA, or FERPA.
2. Summarize the article in your own words and address the controls that the organization should have had in place, but didn’t, that facilitated the breach. What were the ramifications to the organization and the individuals involved?
This assignment serves to benchmark competency 2.1: Establish a risk management framework using industry standards for compliance.
Based on an executive level report, deliver the findings of the Topic 4 “Demonstrating the Gap” assignment.
Include the following in your report (add sections to the template as needed):
An overview of why the report is being written
A paragraph description of the system
A paragraph outlining the framework governing the enterprise
Major gaps that were found
Remediation that is recommended
A high-level diagram that represents the current state of the system
An equal diagram depicting the proper end state
Refer to the “Security Assessment Report (SAR),” within the required readings. This resource provides detailed explanations of each section that should be included within the assessment report.
Introduction
In this paper complete all the required activities and answer the reflection questions. This assignment will help extend your understanding of the unit topics and concepts to applications in everyday life. Please respond to all of the questions in paragraph form with the question numbers labeled. You should incorporate concepts from the readings into your answers and cite the readings as needed. The paper should be 2-3 pages.
Question 1
Watch the clip linked below that retells an account of an experience in a grocery store.
How is privilege present within this story?
How does this one personal experience connect to the larger history of oppression in the US?
How does this clip portray ways to harness privilege to promote social change?
What do you think about the effectiveness of this strategy?
Question 2
Personal Reflection on Social Class: Answer the following questions about your class identity and reflect on how your identity is located within systems of privilege and oppression. Share to your comfort level and reflect on your experience as one example of understanding the connection between biography and history.
What is your social class position?
How have you learned about your class position?
How do you express your social class (ex: dress, communication, accessories, music, etc)?
What advantages and/or disadvantages, if any, do you experience based upon your social class?
Do you know of any stereotypes about your social class? If so, list them.
How does your class position intersect with other identities?
After reading the article about indigenous women and sexual violence, answer the following questions. How does the article exemplify the importance of historical context in defining and understanding social problems? Identify examples from the reading.
The Financial Accounting Standards Board (FASB), is a domestic, not-for-profit organization based in Connecticut. For over forty years, the FASB has helped set reporting standards within the accounting trade. You may visit their website by clicking here to read more about the history of the FASB. One of the FASBs major contributions to the accounting profession is the FASB Codification. Codification content is organized by subject matter in a hierarchy. Think of it as an outline structure that you can drill into to get information regarding your specific topic of interest.
The Codifications hierarchy begins with the following four highest levels:
Area
Topic
Subtopic
Section
As you research, you will drill down in the hierarchy, beginning with the Area of interest, then picking the Topic within the area, then the Subtopic, then the Section. Areas, Topics, and Subtopics are simply landing pages that contain tables of contents. Sections are the only pages that have Codification content.
For example, if you wanted to research costing inventory, you would drill down by clicking on the following: Assets > 330 Inventory > 10 Overall > 30 Initial Measurement > General > 30-1 Cost Basis
You would then see the detailed codification specific to costing inventory.
Although there are literally thousands of sections within the hundreds of subtopics, once you practice and get used to moving around in the Codification, it is easy to research your accounting topics. You may find yourself utilizing it not only for class research, but also for topics you are working on in your professional life and topics that you may simply find interesting.
Note: Once you have drilled down to your subtopic, you may find it useful to click on Combine Subsections. This will show the different subsections and their content on one page, allowing you to quickly scan and review areas of interest to you.
The Codification is organized within the following 9 Areas:
General Principles
Presentation
Assets
Liabilities
Equity
Revenue
Expenses
Broad Transactions
Industry
Within the Industry area, there are 32 industries identified that have specific items unique to them. These industries range from five different areas of Entertainment to Mining, Financial Services, Airlines, Agriculture, Franchisors, Software, Health Care Entities, and many more!
To complete this assignment, you will need to access the FASB Codification at http://aaahq.org/ascLogin.cfm. (Note: A login and password are required to access this site and are available from your professor.)
For Assignment 1, write a 2-to-4-page paper in which you:
Select one of the industries that interests you, and briefly explain why.
Identify how many subtopics are in the industry you selected.
Pick two subtopics within your selected industry that are applicable to a Balance Sheet (something to do with assets, liabilities, or equity)
Identify your chosen subsections by number and title. Explain what they mean in your own words.
Based on your review of your chosen industry, identify what you think accountants in the industry might be focused on as an area or areas of concern.
This course requires use of Strayer Writing Standards (SWS). The format is different than other Strayer University courses. Please take a moment to review the SWS documentation for details.
The specific course learning outcomes associated with this assignment are:
Examine the long-term assets portion of a balance sheet, including property, plant, and equipment and intangible assets.
Assess GAAP, IFRS, and how to research utilizing the FASB Accounting Standards Codification.
Grading for this assignment will be based on answer quality, logic / organization of the paper, and language and writing skills, using the following rubric.
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