. TOPIC 1:You are a staff accountant at Outrageous Corporation. The controller of the company, HowardEino, is concerned that profits reported in the annual report will not meet those forecast at thebeginning of the year. He has asked you to decrease the amount of annual depreciation chargedon certain equipment by revising the estimated life. When you tell Mr. Eino that revision ofuseful life solely to “manage” profit is not appropriate, he responds by saying, “Oh, everybodydoes it.” You realize that if you fail to do what your boss wants, you may receive an unfavorableannual performance evaluation. How will you resolve this dilemma?TOPIC 2:Some people would argue that historical costs should no longer be used in accounting becausethey are not relevant. Others argue that departing from historical cost introduces too muchsubjectivity into accounting. Write out a detailed outline for a presentation to your classproviding a defense of both points of view and then explain why the FASB has chosen to departfrom historical cost in many of its accounting standards. Thoroughly discuss the pros and cons ofthe use of historical cost and present a convincing argument as to whether it should or should notbe used in accounting.TOPIC 3:ACC501: Research and WritingUnit 3 AssignmentSome have suggested eliminating the provision of Rule 203 of the AICPA’s professional ethicsthat permits non-conformance with GAAP if, in the opinion of the CPA, following GAAP wouldresult in misleading financial statements. Thoroughly discuss the pros and cons of eliminatingthis provision of Rule 203 and present a convincing argument as to whether it should or shouldnot be eliminated.Please be sure to include scholarly research and support for your findings as you address thequestions outlined above in your paper.APA formatting is required for your submission. Be sure to review the use of APA formattingand scholarly source assistance located in the “Writing Tips” area of our class to assist you.The post Using what you have learned in our class, you will be writing a paper that is about one of the following topics: Wridemy. for plagiarism free papers.The post Using what you have learned in our class, you will be writing a paper that is about one of the following topics: first appeared on.
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