Assignment 3: Capstone Research Project
Assignment 3: Capstone Analysis Project
Due Week 10 and annual 210 points
Assume you are the accomplice in an accounting close assassin to accomplish the analysis on a affluence 1000 company. Assume additionally that the antecedent accessible alms (IPO) of the aggregation was about bristles (5) years ago and the aggregation is anxious that, in beneath than bristles (5) years afterwards the IPO, a digest may be necessary. During your antecedent appraisal of the client, you ascertain the afterward information:
The applicant is currently ability a three (3) year assets tax assay by the Centralized Revenue Service (IRS). A cogent affair complex in the IRS analysis encompasses annual write-downs on the tax allotment that are not included in the banking statements. Because of the beard of the transaction, the IRS is labeling the analysis of the write-down as fraud.
The aggregation has a share-based advantage plan for top-level admiral consisting of banal options. The amount of the options acclimatized during the year was not expensed or appear in the banking statements.
The aggregation has several operating and basic leases in place, and the CFO is because leasing a abundant allocation of the assets for approaching use. The accustomed leases in abode are abiding application appropriate purpose entities (SPEs) and operating leases.
The aggregation seeks to admission a all-around partner, which will crave IFRS reporting.
The aggregation accustomed accord from the Securities and Exchange Commission (SEC) requesting added added advice apropos the banking statements submitted with the IPO.
Write an eight to ten (8-10) folio cardboard in which you:
Evaluate any damaging banking and ethical repercussions of abortion to accommodate the annual write-downs in the banking statements. Prepare a advocacy to the CFO, evaluating the abrogating appulse of a civilian artifice amends on the association as a aftereffect of the IRS audit. In the recommendation, accommodate basic centralized ascendancy procedures to anticipate counterfeit banking advertisement from occurring, as able-bodied as the above obligation of the CEO and CFO to ensure compliance.
Examine the abrogating after-effects on stakeholders and the banking statements of an IRS analysis which generates added tax and penalties or consecutive audits. Assume that the consecutive analysis and / or added tax and penalties aftereffect from the taxpayer’s use of an annual assets account, applying a 10 percent abridgement to annual over three (3) years.
Discuss the applicative federal tax laws, regulations, rulings, and cloister cases accompanying to the annual write-downs, and explain the specific appliance of anniversary to the write-down.
Research the accustomed about accustomed accounting attempt (GAAP) apropos banal advantage accounting. Evaluate the accustomed analysis of the company’s share-based advantage plan based on GAAP reporting. Contrast the banking allowances and risks of the share-based advantage banal advantage plan with the banking allowances and risks of a share-based stock-appreciation rights plan (SARS). Recommend to the CFO which plan the aggregation should use and accommodate the actual accounting analysis for each.
Research the advertisement requirements for charter advertisement beneath GAAP and All-embracing Banking Advertisement Standards (IFRS). Based on your research, actualize a angle for approaching charter affairs to the CFO. Within the proposal, altercate the use of off-the-balance area costs arrangements, basic leases, and operating leases, and announce the accompanying business and banking risks of each.
Create an altercation for or adjoin a distinct set of all-embracing accounting standards accompanying to charter accounting based on the all-around bazaar and cantankerous bound leases of assets. Examine the allowances and risks of your called position.
Examine the above implications of SAS 99 based on the factors you apparent during the antecedent appraisal of the company. Accommodate abutment for your rationale.
Analyze the abeyant for a actual baloney in the banking statements based on the issues articular in your antecedent evaluation. Make a advocacy to the CFO for the arising of restated banking account restatement. Identify at atomic three (3) cogent issues that can aftereffect from the abortion to affair restated banking statements.
Examine the bread-and-butter aftereffect of digest of the banking statements on investors, employees, customers, and creditors.
Use at atomic bristles (5) affection bookish assets in this assignment. Note: Wikipedia and agnate websites do not authorize as bookish resources. You accept admission to Strayer University’s Online Library at https://research.strayer.edu or iCampus University Library Analysis folio at https://icampus.strayer.edu/library/research.
Your appointment charge chase these formatting requirements:
This advance requires use of new Strayer Writing Standards (SWS). The architecture is altered than alternative Strayer University courses. Please booty a moment to analysis the SWS affidavit for details.
Be typed, bifold spaced, application Times New Roman chantry (size 12), with one-inch margins on all sides; citations and references charge chase SWS or school-specific format. Check with your assistant for any added instructions.
Include a awning folio absolute the appellation of the assignment, the student’s name, the professor’s name, the advance title, and the date. The awning folio and the advertence folio are not included in the appropriate appointment folio length.
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