ACCOUNTING SCANDALS AND SOX
ACCOUNTING SCANDALS AND SOX (GRADED)
Please note that a total of THREE quality responses are required each week.
1. Read the article “Ethics Evolution in the Era of Sarbanes-Oxley.” This article is part of the readings for the week and can be found through the DeVry online library. The last sentence of the article says “Maintaining a culture that emphasizes ethics and compliance is challenging.” Do you agree or disagree with this statement?
2. Locate an article on an accounting scandal from the past 20 years. Summarize the article for the class and either add the article to your post or include a link to the article. What did you find most interesting or surprising about the scandal?
3. Choose one of the 11 titles in the Sarbanes-Oxley Act of 2002 and describe it. Do you believe this section is an effective deterrent to an accounting scandal? Why or why not?
ACCT525 Current Issues in Accounting
Week 2 Discussion
THE HISTORY AND FUTURE OF IFRS (GRADED)
Please note that a total of THREE quality responses are required each week.
1. Describe one of the major milestones in the history of IFRS. Why do you think this milestone was so important?
2. What do you think is the future of IFRS? Will the U.S. adopt IFRS? If so, when?
ACCT525 Current Issues in Accounting
Week 3 Discussion
CODIFICATION AND IFRS (GRADED)
Please note that a total of THREE quality responses are required each week.
1. Do you feel that the codification is really necessary, especially given that entire generations of accountants already understood where to find information? Do you think it’s worth the cost?
2. How are IFRS and the codification related? Do you feel that IFRS adoption could happen without codification?
ACCT525 Current Issues in Accounting
Week 4 Discussion
ETHICS AND ETHICAL CONSEQUENCES (GRADED)
Please note that a total of THREE quality responses are required each week.
Read the article “Ethics In Accounting: The Consequences Of The Enron Scandal.” This article is part of the readings for the week and can be found through the DeVry online library. Let’s point fingers for a minute. Who is to blame for Enron? The executives? The Board of Directors? The auditors? Tell us what you think!
The first sentence of the article says “Ethics in Accounting is one of the most important, yet most misunderstood, concerns in the world of business today.” Do you agree or disagree with this statement?
ACCT525 Current Issues in Accounting
Week 5 Discussion
XBRL AND EDGAR (GRADED)
Please note that a total of THREE quality responses are required each week.
Describe one of the benefits of XBRL. Can you also name a disadvantage to the use of XBRL?
Go to the XBRL data for your favorite public company using the instructions in the lecture. Tell us the name of the company and what is on their “Document and Entity Information” page? Choose a different company than your classmates!
ACCT525 Current Issues in Accounting
Week 6 Discussion
CURRENT ISSUES IN TAX AND AUDITING (GRADED)
Please note that a total of THREE quality responses are required each week.
Go to http://www.irs.gov/taxpros/index.html?navmenu=menu1 (Links to an external site.)Links to an external site.. Read the current information that the IRS is publishing for tax professionals and tell us about it. How does this impact the future of tax?
Go to http://pcaobus.org/Standards/Auditing/Pages/default.aspx (Links to an external site.)Links to an external site.. Read one of the auditing standards and summarize it for us. What did you find interesting or surprising about it?
ACCT525 Current Issues in Accounting
Week 7 Discussion
THE FUTURE OF THE ACCOUNTING PROFESSION (GRADED)
Please note that a total of THREE quality responses are required each week.
What social, economic, and technology shifts do you think will shape the accounting profession over the next decade? How will they shape the profession? Good or bad?
What new skills will the future accountant need to learn? Which skills might become obsolete? How will accounting jobs change in the future?
ACCT525 Current Issues in Accounting
Week 1 Assignment
Library tutorials (ungraded) (See assignment in the Files section of the Course Menu)
The Case of Phar-Mor Inc (See assignment in the Files section of the Course Menu)
Your weekly homework assignments in this course are available under the Files Menu. Each homework assignment requires careful research and interpretation to generate a thoughtful response to the given topic.
Each weekly homework assignment should be completed by preparing a
4 to 6 slide narrated PowerPoint presentation. Please note that narration of the PowerPoint presentation is required and there will be an automatic 20 percent deduction (12 points) if the presentation is submitted without narration.
The weekly homework presentations are due by Sunday of each designated week and is worth a total of 60 points.
Please note that your weekly homework submissions should include a reference page formatted in accordance with APA.
If you have any questions, please let me know.
ACCT525 Current Issues in Accounting
Week 2 Assignment
New IASB Leader Embraces Challenges (See assignment in the Files section of the Course Menu)
Your weekly homework assignments in this course are available under the Files Menu. Each homework assignment requires careful research and interpretation to generate a thoughtful response to the given topic.
Each weekly homework assignment should be completed by preparing a
4 to 6 slide narrated PowerPoint presentation. Please note that narration of the PowerPoint presentation is required and there will be an automatic 20 percent deduction (12 points) if the presentation is submitted without narration.
The weekly homework presentations are due by Sunday of each designated week and is worth a total of 60 points.
Please note that your weekly homework submissions should include a reference page formatted in accordance with APA.
If you have any questions, please let me know.
ACCT525 Current Issues in Accounting
Week 3 Assignment
Access the FASB Codification Tutorial (Links to an external site.)
The Codification Database (See assignment in the Files section of the Course Menu)
FASB CODIFICATION ACCESS:
You may log in at http://www2.aaahq.org/ascLogin.cfm (Links to an external site.)Links to an external s
User ID: AAA52596
Password: 7TSC9uf
For additional information about using the FASB Codification site, please click on the link here: https://asc.fasb.org/help (Links to an external site.).
You will find HELP topics for using the site along with the FASB Learning Guide
Your weekly homework assignments in this course are available under the Files Menu. Each homework assignment requires careful research and interpretation to generate a thoughtful response to the given topic.
Each weekly homework assignment should be completed by preparing a
4 to 6 slide narrated PowerPoint presentation. Please note that narration of the PowerPoint presentation is required and there will be an automatic 20 percent deduction (12 points) if the presentation is submitted without narration.
The weekly homework presentations are due by Sunday of each designated week and is worth a total of 60 points.
Please note that your weekly homework submissions should include a reference page formatted in accordance with APA.
If you have any questions, please let me know.
ACCT525 Current Issues in Accounting
Week 4 Assignment
Principles-Based Accounting Ethics (See assignment in the Files section of the Course Menu)
Your weekly homework assignments in this course are available under the Files Menu. Each homework assignment requires careful research and interpretation to generate a thoughtful response to the given topic.
Each weekly homework assignment should be completed by preparing a
4 to 6 slide narrated PowerPoint presentation. Please note that narration of the PowerPoint presentation is required and there will be an automatic 20 percent deduction (12 points) if the presentation is submitted without narration.
The weekly homework presentations are due by Sunday of each designated week and is worth a total of 60 points.
Please note that your weekly homework submissions should include a reference page formatted in accordance with APA.
If you have any questions, please let me know.
ACCT525 Current Issues in Accounting
Week 5 Assignment
Using EDGAR and FASB Codification (Links to an external site.)
Read and perform items 1-10.
Then complete a narrated PowerPoint where you explain what you did and summarize what you learned (i.e., answer Requirement 11 with a narrated PowerPoint).
Each weekly homework assignment should be completed by preparing a
4 to 6 slide narrated PowerPoint presentation. Please note that narration of the PowerPoint presentation is required and there will be an automatic 20 percent deduction (12 points) if the presentation is submitted without narration.
The weekly homework presentations are due by Sunday of each designated week and is worth a total of 60 points.
Please note that your weekly homework submissions should include a reference page formatted in accordance with APA.
If you have any questions, please let me know.
ACCT525 Current Issues in Accounting
Week 6 Assignment
U.S. Auditing Standards (See assignment in the Files section of the Course Menu)
Your weekly homework assignments in this course are available under the Files Menu. Each homework assignment requires careful research and interpretation to generate a thoughtful response to the given topic.
Each weekly homework assignment should be completed by preparing a
4 to 6 slide narrated PowerPoint presentation. Please note that narration of the PowerPoint presentation is required and there will be an automatic 20 percent deduction (12 points) if the presentation is submitted without narration.
The weekly homework presentations are due by Sunday of each designated week and is worth a total of 60 points.
Please note that your weekly homework submissions should include a reference page formatted in accordance with APA.
If you have any questions, please let me know.
ACCT525 Current Issues in Accounting
Week 7 Assignment
CPA Horizons 2025 (See assignment in the Files section of the Course Menu)
Your weekly homework assignments in this course are available under the Files Menu. Each homework assignment requires careful research and interpretation to generate a thoughtful response to the given topic.
Each weekly homework assignment should be completed by preparing a
4 to 6 slide narrated PowerPoint presentation. Please note that narration of the PowerPoint presentation is required and there will be an automatic 20 percent deduction (12 points) if the presentation is submitted without narration.
The weekly homework presentations are due by Sunday of each designated week and is worth a total of 60 points.
Please note that your weekly homework submissions should include a reference page formatted in accordance with APA.
If you have any questions, please let me know.
ACCT525 Current Issues in Accounting
Week 8 Assignment
The Course Group Project is due this week. No late submissions will be accepted. Each group should submit two files (the group paper in a Word Document and either a narrated PowerPoint or video presentation).
Only one of the group members needs to make the submission.
A peer evaluation template is available in the Files area. Please send to my e-mail.
Please consult the “Course Project Overview” and requirements under the Introduction and Resources section of the Modules area.
The final deliverables, the project paper and narrated presentation, are due by the end of Week 8 (which is SATURDAY, 12/21).
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