accounting
Written Project Requirements
Instructions:
You are a financial adviser with a client in their first year of operations. The owner is curious about the changes in law surrounding the Sarbanes-Oxley Act (SOX). In a memo to the owner, discuss important changes in the accounting field relating to SOX. How are the principles and assumptions of accounting effected and how has financial reporting changed? Feel free to discuss a specific case of financial statement abuse or the overall effect of the SOX act as it relates to financial reporting. A discussion regarding ethics as it relates to the passing of SOX could also be included.
The memo should follow APA format, be 2-3 pages in length and meet the grading rubric requirements listed below. You are required to use the textbook as well as two outside sources for support. Please be sure to cite using proper APA format.
Helpful resources:
KU Library
Journal of Accountancy
AICPA - http://www.aicpa.org
SEC - www.sec.gov
Library Assistance:
Review the Library materials in the Student Resources tab and this brief tutorial. http://www.screencast.com/users/KULibraryVideos/folders/Default/media/3f6404cf-48b8-4c49-9065-6e5c74c8650b
This link talks about peer reviewed articles in the library: http://www.screencast.com/users/Twilight14/folders/Default/media/497343cc-c2ae-4d31-8298-f1b62be279ff
This link discusses how to search for articles in the library and how to site in APA format (you may need to adjust the volume on your computer): Search_online_library_and_APA_format
Memo format:
Proper memo format can be found online at the Perdue OWL-- http://owl.english.purdue.edu/owl/resource/590/02/
Grading Rubric:
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Scale of 5-0 where 5=Requirements met 0=Requirements not met |
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Format / Citations -20% |
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· Format: Proper Memo format used |
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· Memo uses, 1” margins, 12 pt font in Times New Roman style, double spaced and pages are numbered |
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*Remember if sources are not noted it is considered plagiarism |
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· Citations: Sources used in the paper are cited in APA format (author name, date, page number if it is a direct quote used). |
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· Sources are listed on a separate references page in APA format (alphabetical order by author, if there is one, with all needed information). |
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Content / Quality -80% |
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· Content: There is a clear concise opening segment including the purpose of the memo, the context and the specific task |
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· There is a clear context section this is the event, circumstance, or background of the problem you are solving |
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· There is a clear task statement where you should describe what you are doing to help solve the problem |
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· There is a clear summary statement that provides a brief statement of the key recommendations you have reached. |
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· There is a clear discussion segment that includes all the details and research that support your ideas including an explanation of the Sarbanes-Oxley Act as well as accompanying changes and requirements as they relate to financial reporting after the passage of SOX. A discussion on ethics as it relates to SOX is also encouraged. |
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· Recommendations are clearly written |
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· There is a clear closing segment summarizing your key points for the reader. |
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· There is a smooth transition between paragraphs. |
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· The information presented including exhibits is accurate and terms are used correctly. |
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· Concepts covered in class are incorporated into the paper. |
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· Accounting terminology is used correctly |
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· No more than 20% of the paper was taken from outside sources. |
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· Memo is not less than 2 and not more than 3 pages of text (not including exhibits and reference page). |
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· Quality: used at least 2 outside sources (not the textbook) 1 of which must be a peer reviewed journal from the KU library. |
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· Used proper grammar, spelling, and punctuation; did not use slang or other forms of casual language. |
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· Submitted paper on or before the date due. |
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Total |
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