Wednesday, 12 April 2017

BUS 302 Week 2 Discussion

The Importance of a Strong Company Culture" Please respond to the following:

After viewing the two (2) Lynda.com videos on company culture this week, identify at least three (3) elements of a strong company culture of trust and integrity. Explain why each of these elements is important, and provide an example of each that was not used in either video.

The Importance of a Strong Company Culture" Please respond to the following:

After viewing the two (2) Lynda.com videos on company culture this week, identify at least three (3) elements of a strong company culture of trust and integrity. Explain why each of these elements is important, and provide an example of each that was not used in either video.

http://hwacer.com/Tutorial/bus-302-week-2-discussion/

The Importance of a Strong Company Culture" Please respond to the following:

After viewing the two (2) Lynda.com videos on company culture this week, identify at least three (3) elements of a strong company culture of trust and integrity. Explain why each of these elements is important, and provide an example of each that was not used in either video.

The Importance of a Strong Company Culture" Please respond to the following:

After viewing the two (2) Lynda.com videos on company culture this week, identify at least three (3) elements of a strong company culture of trust and integrity. Explain why each of these elements is important, and provide an example of each that was not used in either video.

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ACC 573 Week 3 Discussion 2

"Financial Risk" Please respond to the following:

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 support for your rationale.
Evaluate whether or not you are confident that the models used for predicting bankruptcy would have been adequate to predict the invariable bankruptcy of the company you researched. Provide evidence supporting your position.

http://hwacer.com/Tutorial/acc-573-week-3-discussion-2/

"Financial Risk" Please respond to the following:

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 support for your rationale.
Evaluate whether or not you are confident that the models used for predicting bankruptcy would have been adequate to predict the invariable bankruptcy of the company you researched. Provide evidence supporting your position.

"Financial Risk" Please respond to the following:

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 support for your rationale.
Evaluate whether or not you are confident that the models used for predicting bankruptcy would have been adequate to predict the invariable bankruptcy of the company you researched. Provide evidence supporting your position.

ACC 573 Week 3 Discussion 1

"Profitability" Please respond to the following:

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 adequacy of the provisions contained within the Act, indicating whether or not you believe requirements will improve the accuracy of financial statements and reporting. Provide support for your rationale.
Given the requirements contained in the Act for CEO and CFOs to certify the adequacy of controls and financial statement accuracy, evaluate your comfort level with this requirement should you become a CFO of a publically traded company. Provide support for your rationale.

http://hwacer.com/Tutorial/acc-573-week-3-discussion-1/

"Profitability" Please respond to the following:

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 adequacy of the provisions contained within the Act, indicating whether or not you believe requirements will improve the accuracy of financial statements and reporting. Provide support for your rationale.
Given the requirements contained in the Act for CEO and CFOs to certify the adequacy of controls and financial statement accuracy, evaluate your comfort level with this requirement should you become a CFO of a publically traded company. Provide support for your rationale.

ACC 573 Week 3 Discussion 1

"Profitability" Please respond to the following:

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 adequacy of the provisions contained within the Act, indicating whether or not you believe requirements will improve the accuracy of financial statements and reporting. Provide support for your rationale.
Given the requirements contained in the Act for CEO and CFOs to certify the adequacy of controls and financial statement accuracy, evaluate your comfort level with this requirement should you become a CFO of a publically traded company. Provide support for your rationale.

"Profitability" Please respond to the following:

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 adequacy of the provisions contained within the Act, indicating whether or not you believe requirements will improve the accuracy of financial statements and reporting. Provide support for your rationale.
Given the requirements contained in the Act for CEO and CFOs to certify the adequacy of controls and financial statement accuracy, evaluate your comfort level with this requirement should you become a CFO of a publically traded company. Provide support for your rationale.

ACC 573 Week 3 Discussion 1

"Profitability" Please respond to the following:

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 adequacy of the provisions contained within the Act, indicating whether or not you believe requirements will improve the accuracy of financial statements and reporting. Provide support for your rationale.
Given the requirements contained in the Act for CEO and CFOs to certify the adequacy of controls and financial statement accuracy, evaluate your comfort level with this requirement should you become a CFO of a publically traded company. Provide support for your rationale.

"Profitability" Please respond to the following:

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 adequacy of the provisions contained within the Act, indicating whether or not you believe requirements will improve the accuracy of financial statements and reporting. Provide support for your rationale.
Given the requirements contained in the Act for CEO and CFOs to certify the adequacy of controls and financial statement accuracy, evaluate your comfort level with this requirement should you become a CFO of a publically traded company. Provide support for your rationale.

ACC 573 WEEK 3 ASSIGNMENT 1

Assignment 1: Financial Statement Restatement and Ethics

Due Week 3 and worth 200 points

Search the Internet or Strayer databases for a company that recently restated its earnings. Based on the company researched and identified:

Write a two to three (2-3) page paper in which you:

Assess the factors that contributed to the financial statement restatement, signifying the executive management team’s attitude toward the restatement. Suggest how the restatement may have been avoided during the initial reporting process.
Explain the impact to the company’s stock price when the restatement was released and to future earnings forecast, indicating whether or not you believe the impact to the stock price was justified.
Evaluate the restatement in terms of management’s ethical violations according to the requirements of the Sarbanes-Oxley Act, providing recommendations to management on how to avoid these problems in the future. Provide support for your recommendations.
Use at least two (2) quality academic resources in this assignment.Note: Wikipedia and other Websites do not quality as academic resources.

http://hwacer.com/Tutorial/acc-573-week-3-assignment-1/

Your assignment must follow these formatting requirements:

Assignment 1: Financial Statement Restatement and Ethics

Due Week 3 and worth 200 points

Search the Internet or Strayer databases for a company that recently restated its earnings. Based on the company researched and identified:

Write a two to three (2-3) page paper in which you:

Assess the factors that contributed to the financial statement restatement, signifying the executive management team’s attitude toward the restatement. Suggest how the restatement may have been avoided during the initial reporting process.
Explain the impact to the company’s stock price when the restatement was released and to future earnings forecast, indicating whether or not you believe the impact to the stock price was justified.
Evaluate the restatement in terms of management’s ethical violations according to the requirements of the Sarbanes-Oxley Act, providing recommendations to management on how to avoid these problems in the future. Provide support for your recommendations.
Use at least two (2) quality academic resources in this assignment.Note: Wikipedia and other Websites do not quality as academic resources.

Your assignment must follow these formatting requirements:

ACC 573 week 2 DQ 2

"Managing Earnings" Please respond to the following:

In today’s 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 reviewing the firm’s balance sheet, income statement, and cash-flow statement. Indicate how a potential investor might interpret these “red-flags”. Provide support for your rationale.

http://hwacer.com/Tutorial/acc-573-week-2-dq-2/

Assess how the Sarbanes-Oxley Act addresses the concern of corporate “managed earnings”, indicating whether or not you believe the requirements within the Act are sufficient to minimize these concerns. Provide support for your rationale.

ACC 573 week 2 DQ 2

"Managing Earnings" Please respond to the following:

In today’s 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 reviewing the firm’s balance sheet, income statement, and cash-flow statement. Indicate how a potential investor might interpret these “red-flags”. Provide support for your rationale.
Assess how the Sarbanes-Oxley Act addresses the concern of corporate “managed earnings”, indicating whether or not you believe the requirements within the Act are sufficient to minimize these concerns. Provide support for your rationale.

ACC 573 Week 2 DQ 1

"Accounting Valuation and Ethics" Please respond to the following:

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.
Assess the ethical requirements as outlined in the Sarbanes-Oxley Act, indicating whether or not you believe the requirements are adequate to ensure integrity in financial accounting and reporting activities. Suggest improvements that may be needed while providing support for your rationale.

http://hwacer.com/Tutorial/acc-573-week-2-dq-1/

"Accounting Valuation and Ethics" Please respond to the following:

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.
Assess the ethical requirements as outlined in the Sarbanes-Oxley Act, indicating whether or not you believe the requirements are adequate to ensure integrity in financial accounting and reporting activities. Suggest improvements that may be needed while providing support for your rationale.

"Accounting Valuation and Ethics" Please respond to the following:

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.
Assess the ethical requirements as outlined in the Sarbanes-Oxley Act, indicating whether or not you believe the requirements are adequate to ensure integrity in financial accounting and reporting activities. Suggest improvements that may be needed while providing support for your rationale.

ACC 573 Week 1 Discussion 2

"GAAP versus IFRS Reporting Requirements" Please respond to the following:

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.
Evaluate the challenges for U.S. public companies to fully adopt IFRS and propose solutions to these challenges. Provide support for your recommendations.

http://hwacer.com/Tutorial/acc-573-week-1-discussion-2/

"GAAP versus IFRS Reporting Requirements" Please respond to the following:

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.
Evaluate the challenges for U.S. public companies to fully adopt IFRS and propose solutions to these challenges. Provide support for your recommendations.

ACC 573 Week 1 Discussion 1

"SEC Reporting Requirements" Please respond to the following:

Based on your review of the SEC reporting requirements as outlined in the Sarbanes-Oxley Act, assess the adequacy of the reporting requirements for providing credible financial and operating information for company stakeholders and potential investors, indicating any gaps identified in the reporting. Provide support for your rationale.

http://hwacer.com/Tutorial/acc-573-week-1-discussion-1/

From the e-Activity, suggest ways that these gaps may be addressed to increase the reliability of reporting requirements or minimize stakeholder and investor risk. Provide support for your recommendations.

ACC 556 Week 2 Chapter 4 Exercise

A flower shop makes a large sale for $1,000 on November 30. The customer is sent a statement on December 5 and a check is received on December 10. The flower shop follows GAAP and applies the revenue recognition principle. When is the $1,000 considered to be recognized?

Why do generally accepted accounting principles require the application of the revenue recognition principle?

If a resource has been consumed but a bill has not been received at the end of the accounting period, then:

http://hwacer.com/Tutorial/acc-556-week-2-chapter-4-exercise/

ACC 556 Week 2 Chapter 4 Exercise

Why do generally accepted accounting principles require the application of the revenue recognition principle?

If a resource has been consumed but a bill has not been received at the end of the accounting period, then:

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ACC 556 Week 2 chapter 3 Exercise

Economic events that require recording in the financial statements are called accounting transactions.

An account is often referred to as a T-account because of the way it is constructed.

On June 1, 2014, England Inc. reported a cash balance of $21,000. During June, England made deposits of $8,000 and made disbursements totaling $24,000. What is the cash balance at the end of June?

ACC 556 Week 2 chapter 3 Exercise

Economic events that require recording in the financial statements are called accounting transactions.

An account is often referred to as a T-account because of the way it is constructed.

On June 1, 2014, England Inc. reported a cash balance of $21,000. During June, England made deposits of $8,000 and made disbursements totaling $24,000. What is the cash balance at the end of June?

http://hwacer.com/Tutorial/acc-556-week-2-chapter-3-exercise/

ACC 556 Week 2 chapter 3 Exercise

Economic events that require recording in the financial statements are called accounting transactions.

An account is often referred to as a T-account because of the way it is constructed.

On June 1, 2014, England Inc. reported a cash balance of $21,000. During June, England made deposits of $8,000 and made disbursements totaling $24,000. What is the cash balance at the end of June?

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ACC 556 Week 2 Discussion

"Accounting Systems and Accruals" Please respond to the following:

For this week's eActivity, research the most common threats to a computerized accounting system using the Internet and/or Strayer databases. Be prepared to discuss.

Upon examination of the greatest threats to a computerized accounting system, suggest two (2) preventive measures or remedies that protect the system and/or mitigate any negative impacts to the system. Provide a rationale for your response.
Pretend that you are a criminal and want to commit fraud by altering your company’s accruals.
http://hwacer.com/Tutorial/acc-556-week-2-discussion/
Create a brief plan (approximately one [1] paragraph in length) of how you would commit the fraud. Predict the major potential resulting damage(s) to the company’s financial statements from the fraud.

Note: All students are required to post a minimum of two posts per online discussion thread. Students must have one original post and a minimum of one other post per discussion thread. Click to review the Grading Rubric for Discussions.