use 1 page each
Fraudulent Financial Reporting”
Â· As economic crimes increase globally, accounting fraud is consistently in the top three areas according to a global survey reflected in the chapter. Use the Internet or Strayer Library to research a company sanctioned for financial accounting fraud in the past five (5) years. Give your opinion on the situational pressures that caused perpetrators to commit the fraudulent reporting. Assess the opportunities for fraudulent financial reporting and discuss ways the company you researched could eliminate fraudulent reporting. Provide justification for your response.
“Financial Statement Analysis and Disclosures”
Â· Discuss the importance of financial statement analysis and determine why it is important to investors and creditors. Imagine you are considering investing in a corporation. Suggest what key information you would look for in a companyâ€™s financial statements, and explain why this information is important to you.
Â· Review authoritative guidance on accounting policy disclosures at the IFRS website, located at http://www.ifrs.org. In the search engine, type in â€œaccounting policy disclosures.â€ Evaluate the main elements that primary disclosure accounting policies encompass and provide at least two (2) examples of the most commonly required disclosures. Give your opinion on the way in which the disclosures you identified are important to financial statement users. Provide a rationale for your opinion.