Accounting: CONFLICTING ACCOUNTING PRINCIPLE

Essay Instructions:

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: TITLE PAGE. Remember the Running head: AND TITLE IN ALL CAPITALS. ABSTRACT. A summary of your paper…not an introduction. Begin writing in third person voice. 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. 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. ****NO WIKIPEDIA****

Essay Sample Content Preview:

CONFLICTING ACCOUNTING PRINCIPLE Name: Grade Course: Tutor’s Name: (20, September, 2010) Conflicting Accounting Principle The Generally Accepted Accounting Principles (GAAP) has always been accepted as the general guide in accounting practices (FASB, 2010). However there are instances when these practices may not be adequate due to the peculiar and unique requirements that may be required in a certain industry (McKinley, Et al., 1989). Other regulatory authorities may require different financial reporting methods from the GAAP principles. In such instances the accountant is confused on which principles to follow. In the USA the Financial Accounting Standards Board (FASB) provides the guidelines in financial reporting, and all entities are required to use these guidelines in their reporting. The Federal States and other Authoritative bodies may demand different guidelines from those provided in the GAAP. The financial reports needed for tax purposes may be different from the financial reports required by investors, debtors and banks which require specific disclosures. AT&T Company is a global company that is one of the largest providers of IP based communication services (AT&T, 2010). It is based in the US. The company provides mobile telephony, fixed telephony, and Broadband and cable television services. It provides both wireless and wired access data and voice capabilities in wholesale and retail to small businesses. IT&T has its business services divided into four segments, Wireless segment, Wireline segment, Advertising solution segment and others. The company’s broadband department provides the fastest broadband services to more than 85 million customers in USA and roaming to 195 countries as well as providing voice coverage in more than 220 countries. The company is the only one that provides a full IP-based cable television services, through its television provision department. It is one of the leading companies in wholesale data transmission as well as the leader of voice services within the USA as well as long distance voice calls. The strength of the company is based on its long history in the communications services, thus giving it the competitive advantage gained from long experience. This experience is combined with innovation which has resulted to several awards from innovativeness. The wir...

Updated on January 26, 2024

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