Evaluate the likely impact on a firms valuation when using U.S. GAAP versus IFRS
accounting methods, indicating which accounting standards you believe may yield a more
favorable result. Provide support for your position.
The valuation method when using U.
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 ad
Create an argument for the use of Fair Market Accounting as opposed to historical cost.
Provide support for your argument.
In equating the two methods, fair value accounting preserves the information more pertinent as it
denotes to the accounting for the
Assess the risks associated with derivatives instruments, indicating how these risks may be
minimized for a publically traded company. Provide support for your rationale.
Derivatives are utensils whose value is resulting from the value of one or more esse
Assess the market and shareholder behaviors when a publically traded company makes the
decision not to pay dividends to its shareholders, suggesting how management should react
to these behaviors. Provide support for your rationale.
When a publicly traded
Assess how the free cash-flow method can be used when a company is profitable yet the
cash-flow values are expected to be negative over the next five years, indicating the likely
impact on the valuation. Provide support for your rationale.
Free cash flow
Identify one change you would recommend to the SEC reporting requirement for publicly
traded companies and discuss how it would affect financial reporting.
I would suggest that the SEC generate diverse levels of guiding principles according to diverse
Based on your review of the current requirements of the SEC and FASB, assess the
adequacy of the guidelines for ensuring the transparency of off-balance-sheet transactions
to investors, indicating where improvements may still be needed. Provide support fo
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.
Based on your review of the SEC reporting requirements as outlined in the SarbanesOxley Act, assess the adequacy of the reporting requirements for providing credible
financial and operating information for company stakeholders and potential investors,
Assess two new areas of knowledge you learned during this course.
The two new areas of knowledge that Ive learned during this course (which I found to be very
difficult) would have to be 1. The Sarbanes-Oxley. This particular topic I feel that I have
Based on the information found in the e-Activity, assess the key differences between U.S.
GAAP and IFRS reporting for the testing of asset impairment and the requirement to write
down the asset value. Indicate whether or not you support the U.S. GAAP or I
Assess the impact of information availability on market efficiency in todays economy,
indicating whether it has a positive or negative impact on most companies. Provide support
for your rationale.
The influence of information accessibility on market effec
Create an argument that use of the present value free cash-flow method has a more
beneficial economic meaning than earnings-based methods. Provide support for your
The free cash flow method measures and prices the cash flows that are free to be
The Sarbanes-Oxley (SOX) Act was created with the intent of improving the quality of
accounting, reliability of financial statements to investors, and providing oversight to
accounting professionals through the creation of a new federal agency, Public Acc
Based on the company you researched in the e-Activity, assess the financial red flags that
would have indicated that the company may be having financial difficulty providing
suggestions related to how management should address these problems. Provide supp
Create an argument supporting that using the market-based valuation method yields the
most accurate results. Provide support for your argument.
The market-based valuation method regulates the value of a business by comparing one or more
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
Assess how the GAAP and IFRS convergence project has impacted SEC reporting
requirements, predicting the long-term impact of the convergence on reporting. Provide a
rationale for your prediction.
The convergence of IFRS and GAAP serves a purpose to convey
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
When a publicly traded corporation restates its pecuniary data, it ad
Create an argument supporting that using the earnings-based valuation method yields the
most accurate results. Provide support for your argument.
The earnings-based valuation model (also known as the residual income valuation) uses
projected future earnin
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.
As a CFO of a publical
Analyze current major
accounting research tools.
Based on your analysis, suggest
at least two (2) new tools that
could improve accounting
research. Provide support for
Some major tools that accountants currently use are technological data
From the E-Activity, create an argument for or against the existence of the PBGC. Justify your response.
The establishment of the Employee Retirement Income Security Act (ERISA) in 1974 included a provision
called the Pension Benefit Guarantee Corporation
From the first e-Activity, analyze the most important approach to working capital management. Create
an argument that asserts that this approach is the least efficient method for managing working capital.
Recommend at least two (2) improvements to managin
Create an argument both for and against the assertion that accountants should have higher moral and
ethical standards than other professions. Justify your response.
There are always at least two sides of every argument, and the one that asserts that accou
Free Scale Semi
L ATA S H A J E N K I N S
DR. BUNNEY L. SCHMIDT
Financial fraud in corporations is increasing.
Despite laws and regulation fraudulent
individuals find a way to defraud corporations in
Debate it! Deferred taxes are an unfair loophole that must be closed. Provide a rationale for your
Deferred taxes are an unfair loophole that must be closed. Companies that operate overseas have a
huge and unfair tax advantage, than those compan
From the case study, determine the main potential ethical dilemmas. Next, use the seven (7) steps in
the ethical decision-making framework to recommend one (1) course of action you would take in
order to avoid the ethical dilemmas. Provide a rationale to
From the case study, use the ethical framework to propose a course of action that you would take
concerning the audit. Provide a rationale for your response.
By using the ethical structure of auditing, there is undeniably unambiguous path of action that I