Week 11 Discussion 2
Identify one change you would recommend to the SEC reporting requirement for
publically traded companies and discuss how it would affect financial reporting.
Financial Reporting & Analysis
9/13/16 12:15 PM
9/13/16 1:06 PM
9/19/16 9:00 AM
200 out of 200 points
Submitted Answers, Correct A
Running Head: BOBA ESSAY
Running Head: BOBA ESSAY
1. Ethics in Management Accounting versus Financial Accounting
Generally, code of professional conduct is a set of standards, principles or rules which
I need quality answer to the discussion question, Their are 6 Discussion questions and i need
(2-3) paragraphs per each discussion. They must be completely original and very detailed
because the teacher is highly critical
Week 6 discussion
Running Head: ACCOUNTING QUALITY
Assignment 2: Accounting Quality
Sarbanes-Oxley Act and SEC reporting requirements
Roles of the Board of Directors and Chief Executive Officer of a public comp
(A) Prepare an incremental analysis for the special order.
(350,000 units) =
Cost of goods sold
= $2,600,000 x 70%=1,820,000 / 350000=$5.2 variable cost
Operating expenses=$840,000 x 80%=672,000=$1.
Running Head: ACCOUNTING DISCUSSION
Week 6 discussion (Accounting Quality)
The Sarbanes Oxley Act has achieved its goals of improving the quality of
Week 10: discussion 1
Create an argument supporting that using the market-based valuation method yields the
most accurate results. Provide support for your argument.
Market-based valuation refers to an approach to evaluation that usually relies
Week 10 Chapter 14: Exercises 4, 7, and 11
E14-4 The comparative condensed income statements of Emley Corporation are shown below.
Comparative Condensed Income Statements
For the Years Ended December 31
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Week 7 Discussion 1
Financial performance forecasting is the process of creating financial estimates. The main
assumption that is made by the business is that the operation capacity of the business will remain
the same across the year, meaning that the go
Market-based valuation method yields the most accurate results. This type of method is
routinely used by business owners, buyers and their professional advisors to determine the
business worth. This is especially so when a business sale transaction is pla
Assess the impact to public trust when a publically traded company restates its financial
data, indicating how negative impressions may be minimized. Provide support for your
The incidence of companies restating their financial results has rec
Assess the financial performance forecasting process, identifying the assumptions made that are
most likely to cause a gap between the forecast and actual performance. Indicate how these
gaps may be minimized. Provide support for your rationale.
In todays business environment where publicly traded companies feel pressure to meet
short-term earnings expectations, management may be tempted to manage earnings.
Assess how a financial statement user may be able to detect managed earnings when
The purpose of accounting is to account not to present opinions of value. This is not to say that
current assets should not be carried at the lower of cost or market, or that the setting up of proper
reserves does not require professional judgments. Its t
Assess the risks associated with derivatives instruments, indicating how these risks may
be minimized for a publically traded company. Provide support for your rationale.
As an investor, assess the potential financial concerns to be raised when reviewing
As part of the Sarbanes-Oxley Act, corporate officers are no longer able to pass the
buck of responsibility for ensuring adequate controls over financial statements and
reporting activities thus ensuring the accuracy of financial statements. Assess the
As a CFO of a publically traded company, suggest how you would create an ethical environment
to ensure account balances are correctly valued and reported so that information is reliable for
users. Provide support for your rationale.
The CFO's role as a c