StudentShare solutions
Triangle menu
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Capstone Research Project - Essay Example

Nobody downloaded yet
The rise and fall of organizations is dependent on the business practices adopted by them in a particular business environment. It is often assumed that the prime responsibility of any organization is to promote fair and honest business practices along with being transparent and honest to stakeholders in the short as well as in the long run. In terms of effective business practices, it is judicious to follow the prescribed financial standards and parameters of the recognized bodies. The Financial Accounting Standards Board designs Generally Accepted Accounting Principles for public and private companies. GAAP can be considered as a book of law that is not authorized by the government of the US but is followed religiously by the corporate community of the country.
The guidelines mentioned in the GAAP are generally accepted by all companies and unwillingness to follow these guidelines has severe consequences that might even hamper the growth and development of the culprit organization. Over the years, wide arrays of organizations have tried to dress their financials in a manner that conceals the validity and financial information that might affect the overall decisions of stakeholders. In order to safeguard the interest of stakeholders, GAAP was introduced and has been great success in terms of acceptance and following across the world.
The assignment aims at highlighting the importance of GAAP in context to Capstone Research Project by evaluating organization’s accounting practices and interpretations. Some of the issues pertaining to unfair business practices totally against the GAAP would be discussed in an analytical manner along with identifying the relevance and importance of GAAP in the financial world. The understanding would be presented through a series of example based on text books and journals understanding. Initial Findings After analyzing the accounting practices and interpretations of the organization, it was found that wide arrays of frauds and malpractices were prevailing in the financial system of the organization. Some of the fraudulent activities include: Leases on Technology Assets seems Inflated It needs to be understood that the organization uses technological assets to strengthen the operational activities. Leasing usually has a lower impact on the cash flow considering lower cash outflow at the initial phase. It needs to be mentioned that leases are not treated as assets and thus there is no reason to mention them in the balance sheet. Moreover, even if the leases on technology assets are shown in the balance sheet, it should be shown in a transparent manner without inflating or deflating its value. GAAP Rule- the GAAP rule states that usually operating lease does not affect the balance sheet of the organization as it is not considered as an asset and on the other hand, the expense is not highlighted in the income and expense statement. However, many organizations state leases in the balance sheet and income and expense statement just to dress the statements as per their needs and desires that is totally against the normal business practice (Barry, Jermakowicz, 2007 pp-965). Consequences of the Activity- it may be the case that the independent auditors and financial bodies highlight the fraudulent activity as inflating leasing assets affect the financial ratios and thus misguide the stakeholders in every possible manner. GAAP do not allow such acts and consider this as a serious offence. Measures to Control the Activity- An independent set of auditors should be appointed by the organization working in tandem with the internal auditors to control and manage the transparency of financial statements in an honest manner. The management should take the initiative of appointing independent auditors auditing financial statements at regular interval along with promoting honest and ethical business practi ...Show more
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Capstone Research Project Essay Example | Topics and Well Written Essays - 2500 words”, n.d.)
Retrieved from https://studentshare.net/finance-accounting/1115-capstone-research-project
(Capstone Research Project Essay Example | Topics and Well Written Essays - 2500 Words)
https://studentshare.net/finance-accounting/1115-capstone-research-project.
“Capstone Research Project Essay Example | Topics and Well Written Essays - 2500 Words”, n.d. https://studentshare.net/finance-accounting/1115-capstone-research-project.
  • Cited: 0 times

Summary

The assignment has been presented in an analytical manner covering all the prescribed guidelines. The emergence of red flags and potential consequences along with controlling measures has been defined in an illustrative and critical manner. The presentation has been simple yet informative fulfilling the stated guidelines required completing the paper…
Capstone Research Project
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Capstone Research Project"
with a personal 20% discount.
Grab the best paper

Check these samples - they also fit your topic

Capstone project
As an example, Sussman (2007) points out that one of the reasons sexual addiction is difficult to understand is because human sexual behavior runs the gamut of interest and it is difficult to se what is “normal” or “abnormal” (p. 258) in this situation.
3 pages (750 words) Essay
Capstone Project
ctive management of this disease such that it can minimize symptoms, prevent short and long-term health problems and allow children/adolescents to enjoy a normal physical, mental, emotional and social aspects of development until they reach adulthood? Task #2: Consider a clinical environment in which you are currently working or have recently worked.
4 pages (1000 words) Essay
Capstone Project -2
Instructions: Assignment 1 (1 page) Identify a theory that can be used to support your proposed solution. 1. Describe the theory and your rationale for selecting the theory. 2. Discuss how the theory works to support your proposed solution. 3. Explain how you will incorporate the theory into your project.
6 pages (1500 words) Essay
Capston research project
In bookkeeping, this concept is supposed to be handled by having it charged in the company’s financial statements, when the asset’s carrying value can no longer be justified against its market value as being a fair value, and that the likelihood of receiving the asset’s book value mat at best be questionable.
8 pages (2000 words) Essay
Unit 2 HA499 Capstone Project Research On A Real-Life Healthcare Organization
Looking back at recent events, the United States health care system has faced enormous pressures and flaws when it comes to its health care insurance (Andersen, Rice, & Kominski, 2011). One of these is the rising statistics of the elderly American population. Out of the
15 pages (3750 words) Essay
Capstone Project
The purpose of this research paper is to determine if Toyota’s current performance and goals reflect its compliance to organization’s mission
10 pages (2500 words) Essay
Applied Research Project Capstone: Learning Activities
It is important to study this problem because it is increasingly becoming a high priority task to construct such value model in a bid to make a
3 pages (750 words) Essay
Applied Research Project Capstone
attacks can be prevented, including strengthening the efforts of cyberspace counterintelligence, improving the attack attribution and prevention capabilities, and enhancing the coordination for the response to cyber attacks within the America’s national security
1 pages (250 words) Essay
Applied Research Project Capstone: Assignment Scenario "Ends and Means"
No matter the methods use by the system to fight the threat, the American nation should remain peaceful. Thus the end should justify the means. The United States of America has undergone a lot of external threats. Some of these threats include
4 pages (1000 words) Essay
Applied Research Project Capstone: Essay
Is there a balance that could be struck between the two? Mr. President, 9/11 is an important reference, and one that will help safeguard the mighty and United States from future
4 pages (1000 words) Essay
Comments (1)
Click to create a comment
ho
holliebernier added comment 2 days ago
Student rated this paper as
The topic of "Capstone Research Project" was impossible to find. I spent ages to find it. Here at StudentShare, I got the most decent example. Many thanks!
Let us find you another Essay on topic Capstone Research Project for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us