How accounting professionals report earnings

Assignment Help Management Theories

Reference no: EM133494926

Problem: Accounting Earnings Management and Ethical Dilemmas Essay

Read the Case Ethical Issues Related to Earnings Management: An Instructional CaseDownload Ethical Issues Related to Earnings Management: An Instructional Case

Read at least four of the seven related articles located in the online Brenau Trustee Library, LibGuides/Accounting/Financial Statement and business Analysis AC755. Links to an external site.

You are asked to contemplate and analyze this case by writing detailed and insightful answers to the 10 questions. You are NOT to just Q&A. (This means don't include your questions as headings. Just work your answers into paragraphs that flow from one question to the next!) You are to construct your paper in good form, using each question as a separate paragraph(s) in the body of the paper. Read and synthesize the information and explain and discuss it in your own words. Do not quote the articles, but DO include citations in the body of the paper and at the end on the References page.

Mitchell and Yordy (2010) provide a framework called FIAS - COVER to guide you through ethical dilemmas such as the one we pose here. The acronym stands for First I Ask Some questions about Facts, Issues, Alternatives, and Stakeholders to COVER my bases. The COVER part of the acronym stands for addressing questions about Codes, Outcomes, Values, Editorial, and Rules.

With this case, the facts, issues, alternatives and stakeholders have been provided for you. So for this case analysis you will want to consider the following:

• C: the legal and regulatory codes that apply for how accounting professionals report earnings.
• O: the outcomes of the decision considering the pros and cons of different earnings reporting scenarios.
• V: the duties or obligations of accounting professionals based on their individual values with respect to earnings reporting.
• E: the editorial aspects of the decision or what will hit the news, social media, etc. with respect to adjustments to earnings reporting.
• R: this decision as the rule for all other similar earnings management decisions that follow for these stakeholders.

Yordy, Eric D. and Mitchell, Jennifer, Cover it: A comprehensive framework for guiding students through ethical dilemmas (January 1, 2010). 27 J. of Legal Studies Ed. 35 (Winter 2010).

Reference no: EM133494926

Questions Cloud

Discuss the european conquest of the americas : Consider the European conquest of the Americas from first contact in 1492 to 1650. How were European conquistadores able to successfully subdue.

Describe and contrast the nature of panic attacks : Describe and contrast the nature of panic attacks when present in a diagnosis of Panic Disorder versus a diagnosis of Social Phobia.

How much total additional contribution margin : How much total additional contribution margin will be created and Will the changes cause the contribution margin ratio to increase or decrease

What would be bakers best defense : petition in bankruptcy shortly thereafter. National sued Baker for damages based on common law fraud. What would be Baker's best defense

How accounting professionals report earnings : AC 755- Read the Case Ethical Issues Related to Earnings Management. The legal and regulatory codes that apply for how accounting professionals report earnings.

Discuss terrorism as acts committed against us : Although we do not like to hear these kinds of accusations, it is important to consider why other people might have this point of view.

Describe the type of research design used : State the title of the study and it's authors. State the Research Problem. Describe the type of research design used. Describe any challenges experienced.

Planning and interim work at the client only location : planning and interim work at the client's only location. You start to hear stories that one of the junior staff and one of the senior auditors might be starting

What is the effect on individual as capital account : The partnership earned a net income of $100,000 for the year-ending December 31, 2014. What is the effect on Individual A's capital account

User Account

All Pages