Please type the answer under each question. If possible, use at least one reference with
each question. Each answer needs to be
at least a paragraph long. Plagiarism is
not allowed, I will be checking for it. If you’re not comfortable with all of the questions, please do not accept the assignment. Thank you 🙂
Based on your review
of the current requirements of the SEC and FASB, assess the adequacy of the
guidelines for ensuring the transparency of off-balance-sheet transactions to
investors, indicating where improvements may still be needed. Provide support
for your rationale.
As a CFO of a
publically traded company, evaluate the pros and cons of using
off-balance-sheet financing, including a recommendation as to whether or not
you support using these types of arrangements. Provide support for your
Based on the
information found in the e-Activity, assess the key differences between U.S.
GAAP and IFRS reporting for the testing of asset impairment and the requirement
to write down the asset value. Indicate whether or not you support the U.S. GAAP
or IFRS approach. Provide support for your position.
Search the Internet and Strayer
databases for the most recent guidelines or proposals for the reporting of
off-balance sheet financing transactions by the Securities and Exchange
Commission and Financial Accounting Standards Board (FASB). Be prepared to
Internet and Strayer databases for the current GAAP and IFRS reporting
requirements of long-lived assets. Be prepared to discuss.
As an investor,
recommend a strategy for evaluating long-lived asset values contained on the
balance sheet of a publically traded company so as to minimize the risk to the
investor. Provide support for your strategy.