Needles talks about the use of a continuum ranging from questionable or highly conservative to fraud to assess the amount to be recorded from for an estimated expense. Discuss his concept of a continuum and the choices within a range from an ethical perspective. That is, how might a decision about the selection of one or another amount in the continuum relate to it being an ethical position to take?
Answer to relevant QuestionsExplain how the quality of corporate governance, risk management, and compliance systems is critical in controlling financial restatement risk within organizations.Revenue recognition for multiple-element arrangements as occurred in the Xerox case discussed in this chapter calls for determining the stand-alone selling price for each of the deliverables and using it to separate out the ...In the study of earnings quality by Dichev et al., CFOs stated that “current earnings are considered to be high quality if they serve as a good guide to the long-run profits of the firm.” Discuss how and why current ...1. Is there a difference between aggressive accounting and earnings management? Would the motivation for using the techniques described in this case influence whether they should be labeled as aggressive accounting or ...Do you believe that “one size fits all” with respect to corporate governance provisions in different countries around the world? Why or why not? How do legal and cultural factors influence corporate governance provisions ...
Post your question