Get personal help with your studies from any of the 45,000 experienced experts on Studybay

  • No intermediaries
  • No plagiarism
  • Any Subject
  • Always on time

Here’s an example of project completed by our experts:

Research Project (Example)

Document Preview:

Student’s Name: Professors Name: Course: Date: Accounting case studies Assignment 1 Case 1-2: accessing SEC and EDGAR The determination of objectives of 1933 securities acts. There were two main objectives of 1933 security act. The first objective is to require that investors receive financial information from the securities that offered the public sale (Weil Gotshal 45). The objectives were concerned by somebody going to the company had to submit the information which is already to the investors. The information which was required was the company properties and business. The last objective was to prohibit deceit and misrepresentations. The purpose of the last objective was to remove fraud that usually happens during the sales of securities. The objective protected the investors against fraud. Content description Description of contents of ‘Electronic Data Gathering Analysis and Retrieval' database the main purpose of electronic filing system was to increase the efficiency and accessibility the Company’s controller The site of managerial accounting in SEC website gives the best information as the company controller; this is because it specifies the managerial ability in finance. As an independent auditor The site of FASB website gives the best information as an independent auditor. Work cited Pounder Bruce. "Framing the Future: A First Look at FASB's GAAP Codification." Journal of Accountancy 205.5 (2008): 40. Toerner Michael C. "A guide to using the Accounting Standards Codification." The CPA Journal 79.2 (2009): 20. Audi Robert Tim Loughran and Bill McDonald. "Trust but Verify: MD&A Language and the Role of Trust in Corporate Culture." Journal of Business Ethics 139.3 (2016): 551-561. Rauterberg Gabriel and Eric Talley. "Contracting Out of the Fiduciary Duty of Loyalty: An Empirical Analysis of Corporate Opportunity Waivers." Columbia Law Review (2017): 1075-1151. Weil Gotshal and L. L. P. Manges. "Preparing for the 2016 Proxy Season." (2016). [...]

Order Description:

RESEARCH PROJECT (50 POINTS) DUE: 11/27/2017 Assignment 1: (15 POINTS) Directions: Answer the following questions for each data source. Include a "Print screen" or use “Snip It” to verify your answers. Chapter One: Case 1-2 Accessing SEC and EDGAR Internet access to the World Wide Web has provided a wealth of information accessible with our personal computers. Many chapters in this book contain Real World Cases that require you to access the web to research an accounting issue. The purpose of this case is to introduce you to the Internet home page of the Securities and Exchange Commission (SEC) and its EDGAR database. Required: 1. Access the SEC homepage on the Internet. The web address is www.sec.gov. 2. Choose the subaddress “About the SEC.” What are the two basic objectives of the 1933 Securities Act? 3. Return to the SEC homepage and access EDGAR. Describe the contents of the database. Case 1-3 Accessing FASB and Codification (Answer can use for Assignment 4) The purpose of this case is to introduce you to the information available on the website of the Financial Accounting Standards Board (FASB). Required: Access the FASB home page on the Internet. The web address is www.fasb.org. Answer the following questions. 1. Describe the mission of the FASB. 2. Who are the current Board members of the FASB? Briefly, describe their backgrounds. 3. How are topics added to the FASB’s technical agenda? Case 1-4 Accessing IASB The purpose of this case is to introduce you to the information available on the website of the International Accounting Standards Board (IASB). Required: Access the IASB home page on the Internet. The web address is www.iasb.org. Answer the following questions. 1. Describe the mission of the IASB. 2. The IASB has how many board members? 3. Who is the current chairman of the IASB? 4. Where is the IASB located? Assignment 2: (10 points) Chapter 3: Case 3-9 Codification to extract data for related parties: ENRON Enron Corporation was a darling in the energy-provider arena, and in January 2001 its stock price rose above $100 per share. A collapse of investor confidence in 2001 and revelations of accounting fraud led to one of the largest bankruptcies in U.S. history. By the end of the year, Enron’s stock price had plummeted to less than $1per share. Investigations and lawsuits followed. One problem area concerned transactions with related parties that were not adequately disclosed in the company’s financial statements. Critics stated that the lack of information about these transactions made it difficult for analysts following Enron to identify problems the company was experiencing. Required: 1. Obtain the relevant authoritative literature on related-party transactions using the FASB Accounting Standards Codification at the FASB website (www.fasb.org). What is the specific citation that outlines the required information on related-party disclosures that must be included in the notes to the financial statements? 2. Describe the disclosures required for related-party transactions. 3. Use EDGAR (www.sec.gov) or another method to locate the December 31, 2000, financial statements of Enron. Search for the related-party disclosure. Briefly, describe the relationship central to the various transactions described. 4. Why is it important that companies disclose related-party transactions? Use the Enron disclosure of the sale of dark fiber inventory in your answer. Case 3-10 EDGAR and Coca Cola 10-K Find pertinent information EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system, performs automated collection, validation, indexing, and forwarding of submissions by companies and others who are required by law to file forms with the SEC. All publicly traded domestic companies use EDGAR to make the majority of their filings. (Some foreign companies file voluntarily.) Form 10-K, which includes the annual report, is required to be filed on EDGAR. The SEC makes this information available on the Internet. Required: 1. Access EDGAR on the Internet. The web address is www.sec.gov. 2. Search for The Coca-Cola Company. Access the 10-K for the year ended December 31, 2015. Search or scroll to find the disclosure notes and audit report. 3. Answer the following questions: a. Describe the subsequent events disclosed by the company. b. Which firm is the company’s auditor? What type of audit opinion did the auditor render? 4. Access the proxy statement filed with the SEC on March 10, 2016 (the proxy statement designation is Def 14A), locate the executive officers summary compensation table and answer the following questions: a. What is the principal position of Muhtar Kent? b. What was the salary paid to Mr. Kent during the year ended December 31, 2015? Assignment 3: (5 points) Electronic Data Gathering Analysis and Retrieval(EDGAR) www.sec.gov Use your own words. If you use words from a source then make sure to reference your quote and include “ ” quote marks. Make sure to include what this quote means in your own words. 1. Describe the contents of the database. 2. Choose a company. (use Adidas as the company to answer the following) Answer the following: a. Does the company use the single-step or multiple-step format, or a variation? b. Does the income statement contain any income or loss on discontinued operations? c. Describe the trend in net income over the years presented. Show data to support your findings. Assignment 4: ( 5 points) Financial Accounting Standards Board(FASB) www.fasb.org 1. Describe the mission of the FASB. 2. How are topics added to the FASB technical agenda? Assignment 5: (6 points) Codification asc.fasb.org username: aaa51950 password: km5F9Up What is the specific citation that requires a company to identify and describe in the notes to the financial statements the accounting principles and methods used to prepare the financial statements? (This can be highlighted, copy, and paste into your document) 1. Which assets can be excluded from current assets? 2. What conditions must be met for a transfer of receivables to be accounted for as a sale (or in accounting terms, “derecognized”)? What is the specific citation that provides guidance for determining whether an arrangement involving the sale of inventory is “in substance” a financing arrangement? 3. What is the specific citation that addresses the recognition of a product financing arrangement? 4. What is the specific citation that addresses the use of the retail method to value inventory. 5. What is the specific citation that addresses the accounting treatment required for a correction of an inventory error in previously issued financial statements. Assignment 6: (9 points) COMPARISON OF INFORMATION ON SEC.GOV, ASB.FASB.ORG, and the your chosen company website (Investor Relations). 1. List the information contained on Sec.gov, and asb.fasb.org for your company and the company’s website. 2. Compare the information from the SEC website, FASB website and the company’s website. Explain what site gives you the best information as a. An investor b. As the Company’s controller c. As an independent auditor

Subject Area: Accounting

Document Type: Dissertation

This project has already been completed by one of the Studybay experts. The client rated this project:

Project's rating is 5/5

Price $60

Words 1375

Pages 5

Completed in 7 days

Expert Cyruses I

Client Review

Fast writer, reliable, trusted and friendly!

Positive
11.29.2017

Similar projects

Subject of the project is Accounting   Type of the project is Dissertation

Ethic case

Subject of the project is Accounting   Type of the project is Dissertation

Ethics Case /Bookkeeping

Subject of the project is Accounting   Type of the project is Dissertation

Ethics Case

Subject of the project is Accounting   Type of the project is Dissertation

Case of study

Subject of the project is Accounting   Type of the project is Dissertation

Fraud Case Analysis

Subject of the project is Accounting   Type of the project is Dissertation

Fraud accounting

Need Help With a Project on This or Another Topic?

Cooperate with seasoned experts directly — create your project now and start getting help in 2 minutes.

Studybay top experts

Reviews from Studybay Community

  • Our Studybay rating is:
    4.9
  • Our ReviewCentre rating is:
    4.8
  • Our SiteJabber rating is:
    4.5