Accounting Principles

Selecting a for-profit organization of interest, you will research an unusual or conflicting accounting principle that has impacted your chosen organization. The research will require you to present, review and analyze the organizations published accounting statements of the last two years. Specifically, your research paper will:

  • Identify the core functions of each department, their strengths and weaknesses, and make recommendations for improvement, as appropriate.
  • Identify and describe the underlying problem or conflict.
  • Compare the alternative courses of action.
  • Explain the effects at issue.
  • Recommend options that would be consistent with the organization’s accounting practices, accounting processes, and accounting-related departments.
  • Include the last two years of published accounting statements.

Present your findings as a 1-2 pages Word document formatted in APA style.

Please submit your assignment.

Submitting your assignment in APA format means, at a minimum, you will need the following:

  1. TITLE PAGE. Remember the Running head: AND TITLE IN ALL CAPITALS.
  2. ABSTRACT. A summary of your paper…not an introduction. Begin writing in third person voice.
  3. BODY. The body of your paper begins on the page following the title page and abstract page and must be double-spaced (be careful not to triple- or quadruple-space between paragraphs). The type face should be 12-pt. Times Roman or 12-pt. Courier in regular black type. Do not use color, bold type, or italics except as required for APA level headings and references. The deliverable length of the body of your paper for this assignment is 3-4 pages. In-body academic citations to support your decisions and analysis are required. A variety of academic sources is encouraged.
  4. REFERENCE PAGE. References that align with your in-body academic sources are listed on the final page of your paper. The references must be in APA format using appropriate spacing, hang indention, italics, and upper and lower case usage as appropriate for the type of resource used. Remember, the Reference Page is not a bibliography but a further listing of the abbreviated in-body citations used in the paper. Every referenced item must have a corresponding in-body citation.

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At a recent meeting, one of your coworkers stated that “Using the right analysis tool will compensate for inexperienced managers.”

How would you reply to your coworker? Consider the following items in your discussion:

  1. Do the tools help only in certain situations such as routine, daily or rather mundane decisions, like cost controls, quality controls or staffing questions (in term of number of people needed)?
  2. How can analysis tools help the finance or accounting arms of a company more so than operations managers? (For example, do computers really think? Do they learn from their mistakes? Can they manipulate or change their environment?)
  3. What happens if the data entered is wrong?
  4. Respond to another students’ post.
  5. If needed, cite references in APA format.

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