Week 4 Discussions and Required Resources Part 1 and Part 2 must be at least 200 words Part 1: Why do I Need Accounting? Consider the following scenario: Your friend (who is also in school) just email
Week 4 Discussions and Required Resources
Part 1 and Part 2 must be at least 200 words
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| Part 2: Sarbanes-Oxley Act of 2002 |
| Search the Internet and locate an annual financial report for a public U.S. company. Read the Notes to the Financial Statements to determine the criteria for cash equivalents and how cash and cash equivalents are handled. Discuss your findings. Find information about the internal control policy of the company and summarize this policy in your post. Is it in compliance with SOX? What are some references to SOX mentioned in the annual report? Your answer should demonstrate understanding of the Sarbanes-Oxley Act, and be a minimum of 100 to 200 words in length. |
Required Resource
Text
Kimmel, P. D., Weygandt, J. J., & Kieso, D. E. (2016). Financial accounting: Tools for business decision making (8th ed.). Retrieved from https://content.ashford.edu/
Chapter 7: Fraud, Internal Control, and Cash
Chapter 8: Reporting and Analyzing Receivables
Chapter 9: Reporting and Analyzing Long-Lived Assets
(Chapters 7-9 are in the attachments)
Article
The Sarbanes-Oxley Act 2002 . (2006). Retrieved from http://www.soxlaw.com/
Recommended Resource
Website
Textbook Student Companion Site http://bcs.wiley.com/he-bcs/Books?action=index&itemId=1118953908&bcsId=9831
(Chapters 7-9 PowerPoints are in the attachments for the assignments)
