ACC 573 Week 2 DQ 2

For more course tutorials visit www.tutorialrank.com 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 …show more content…

dollar as its functional currency, it uses which exchange rate to translate monetary assets and liabilities?
The method used to account for oil and gas exploration costs that capitalizes the exploration costs of productive wells is the
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ACC 573 Week 1 DQ 1

For more course tutorials visit www.tutorialrank.com 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.
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ACC 573 Week 1 DQ 2

For more course tutorials visit www.tutorialrank.com 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.
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ACC 573 Week 2 DQ 1

For more course tutorials visit www.tutorialrank.com 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.