Acct 2010 Essay

ACCT 2010: Land 2012

Sections L08, L09, and L15

GROUP TASK

Please type groups of 4 - 5 students. Each group should certainly analyze 3 cases supplied below and write a brief report. The objectives with the project should be help you develop the ability to 1) evaluate circumstances that have honest implications, 2) identify the stakeholders and the interests, 3) describe ethical dilemmas and propose solutions, and 4) explain the importance of interpersonal responsibility. Every group will need to submit a written survey that should consist of: 1 . A cover page: title, section, as well as the names of team members (plus student IDs). 2 . Case analysis: one page every case (three pages in total), 12 pt typeface, single-spaced, one-inch margins all-around. The survey is due at the start of class on November on the lookout for, 2012. Later submissions will never be accepted. Note: Every group member ought to contribute fairly to the task, which means that everybody should take part. I hold the right to adjust your project report if I find out that you would not make satisfactory contribution to the project.

Case 1 Dawn Bank, Inc. recently appointed the accounting firm Cruz, Godfrey, and Hannaford LLP as the bank's auditor. Sunrise quickly became one among Smith, Godfrey, and Hannaford's largest clients. Subject to banking regulations, Sunrise must give any anticipated losses upon notes receivable that Dawn may not accumulate in full. During the taxation, Smith, Godfrey, and Hannaford determined that three huge notes receivable of Sunrise seem questionable. Smith, Godfrey, and Hannaford discussed these loans with Susan Carter, controller of Sunrise. Carter assured the auditors the particular notes were good and this issuers of those notes should be able to pay all their notes following the economy improves. Smith, Godfrey and Hannaford stated that Sunrise need to record a damage for a part of these remarks receivable to account for the likelihood that Dawn may hardly ever collect their very own full quantity. Carter objected and...

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