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Capstone Research Project
Finance & Accounting
Pages 11 (2761 words)
Capstone Research Project Name of the Student Name of the Professor University Date Table of Contents Introduction 3 Negative impact of the fraudulent activity on the company followed by recommendations to CFO 3 Framework related to Inventory write downs 5 GAAP related to stock option accounting 5 GAAP and IFRS requirements for lease financing 6 Argument in favor of IFRS in terms of lease agreements 9 Major implications for SAS 99 12 Issues related to the material misstatement in financial statement 13 Recommendations 13 Economic effect of restatement of the financial statements on investors, employees, customers, and creditors 14 References 15 Introduction The research paper deals with discu…
The company was exercising a share based compensation plan for its top executives comprising of stock options. These were also not reflected in the financial statements. The company is planning to enter into partnership for which it requires presenting financial report to IFRS. Negative impact of the fraudulent activity on the company followed by recommendations to CFO The inventory write downs are often associated with various negative impacts on the organization. It negatively impacts the operating performance of the organizations. It has been seen that the extreme sales growth in companies lead to higher chances of experiencing future inventory write down as compared to the moderate growing firms. The inventory is an important portion in the financial statement of any organization. The cost of goods sold contains inventory portion, which an organization sells during an accounting period. ...
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