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The assignment requires the use of the Library/Internet research to locate and study written articles on any topics on financial accounting that was covered in the class. The student is required to critique, analyze, and evaluate the articles as they relate to what was learned in class by writing a four to six-page paper (12 font, double spaced, APA format). The objective of this activity is for you to be aware of what is happening in the real world as it relates to financial accounting issues to make the study of accounting more meaningful, and to bridge the gap between theory and practice.
You will select any topic related to financial accounting that interests you. Your textbook is a good place to begin exploring options. Consider the information in each chapter. You may also choose a topic you are familiar with professionally or one that is interesting to you but not directly studied in this course. Examples include (this is not an exhaustive list): partnerships vs. corporations, accounting for inventory valuation, types of legal business entities, accounting for accounts receivable and uncollectible accounts, fair value accounting, IFRS, Sarbanes Oxley, ethics in accounting, the history and purpose of the cash flow statement, accounting for long-term liabiliites, comparative evaluation of different depreciation methods, are just a few of the possible choices. It would be wonderful if you carefully considered the topics and what interests you.
You are invited to think outside the box and suggest any potential topic.
Your paper should be a minimum of 4 typed pages (excluding references), double spaced, one inch margins, 12 pt Times New Roman font. You should include a minimum of three quality peer reviewed academic sources. Your references must be complete an in APA format.
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