Jul 06, 2017 Others

how accounting reports can be used to determine if the companies misreport data in order to mislead the investor and cover the losses?

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TU Questions: Small Business Computer Services Inc

Instructions:

Write 4-5 sentences on how accounting reports can be used to determine if the companies misreport data in order to mislead the investor and cover the losses? Give some examples of scandals in small businesses that were due to accounting fraud. Please cite your source(s),

What are the main financial accounting statements that a firm must keep? Explain your answer.

2b. How can you find public financial reports for a firm? Did you find the financials for your reference organizationComputer Services Inc? If so, please provide us the link. If not, tell us the next steps you could do to find the reports.

 

Describe 2-3 risks that small businesses face. Please cite your source(s),

List some of the risk that your reference organization faces and specify how you would mitigate them if you were the manager. Explain your answer. Do you believe these risks are also relevant to your organization you will use for your signature assignment? Please explain.

Cite your source(s)

 

Discuss the code of ethics and conduct in your reference organization, Computer Services Inc.  Compare and contrast at least two of the components with what you learned in the background readings/material and discuss how these components impact the business. Please cite your source(s),

2a. List at least 2 areas of social responsibility your reference organization, (Computer Services Inc), is involved with (if any), and discuss if you think these areas impact the organization in a positive manner. If the organization is not involved in social responsibility, list 2 areas you think they should be involved in and explain your reasoning.

2b. Of the social responsibilities listed for the reference organization (Computer Services Inc) which of them are applicable to the organization for your Signature Assignment? Explain your answer.

Please cite your source(s

 

Discuss in 3-4 sentences two advantages and disadvantages of outsourcing.

Does your reference organization (Computer Services Inc) outsource tasks? Are the tasks outsourced in other countries or just the host country? Does the outsourcing hinder or help the business? Do you plan to outsource any areas of your business you mention in the signature assignment? Explain your answer. Please cite your source(s)

Content:

TU questions: Computer Services Inc Name Course Instructor Date TU QUESTIONS Write 4-5 sentences on how accounting reports can be used to determine if the companies misreport data in order to mislead the investor and cover the losses? What are the main financial accounting statements that a firm must keep? Explain your answer. Analysis financial reports show whether there has been earnings management, overstated revenues, and understated expenses to hide losses. Many fraudulent activities involve manipulation of figures to misrepresent the financial situation. Determining whether the reported financial accounts adhere to GAAP may indicate the extent to which they reports reflect a true and fair value. The main financial statements that a company must keep are the income statement, balance sheet, cash flow statement and retained earnings statement. The four are essential in diverse companies and they serve different purposes to show the financial situation of the company. 2b. How can you find public financial reports for a firm? Did you find the financials for your ref

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