URGEN - PRIVATE

Part 1

No plagiarism, you may use a website but put it into your own words and provide

reference below

.

Feel free to use both the book and the Internet to research this

case

APA style is required for post

, so please use it.

Case 9.2, Departures from GAAP

—

Are

They Ethical?

Martin Myers owns Myers Construction Co. The company maintains accounting records for the

purposes of exercising control over its construction activities and meeting its reporting obligations

regarding payrolls and income tax returns. As it

has no other financial reporting obligations,

Myers does not prepare formal financial statements.

The company owns land and several other assets with current market values well in excess of

their historical costs. Martin Myers directs the company's account

ant, Maureen O'Shaughnessey,

to prepare a balance sheet in which assets are shown at estimated market values. Myers says

this type of balance sheet will give him a better understanding of where the business stands. He

also thinks it will be useful in obtai

ning bank loans, as loan applications always ask for the

estimated market values of real estate owned.

In Discussion Forum 4, post your response to the following discussion assignment

.

1.

Would the financial statements requested by Martin Myers be in confor

mity with generally

accepted accounting principles?

2.

Is Myers Construction under any legal or ethical obligation

to prepare financial statements

that

do

conform to generally accepted accounting principles?

3.

Discuss any ethical issues that O'Shaughnessey

should consider with respect to Myers's

request.

Again

Feel free to use the internet but the book being used for this class is:

Williams, J. R., Haka, S. F., Bettner, M. S., & Carcello

, J. V. (2012). Financial & managerial

accounting: the basis for business decisions (16th ed.). New York, NY: McGraw

-

Hill Irwin.

Part 2

"Social Networking and Information Management" Please respond to the following:

·

Many of the social networking sites make the behavior of employees much more visible. Discuss one

or two implications social networking sites have for government employees. Provide examples to

justify your response.

Part 1

No plagiarism, you may use a website but put it into your own words and provide

reference below. Feel free to use both the book and the Internet to research this

case APA style is required for post, so please use it.

Case 9.2, Departures from GAAP—Are They Ethical?

Martin Myers owns Myers Construction Co. The company maintains accounting records for the

purposes of exercising control over its construction activities and meeting its reporting obligations

regarding payrolls and income tax returns. As it has no other financial reporting obligations,

Myers does not prepare formal financial statements.

The company owns land and several other assets with current market values well in excess of

their historical costs. Martin Myers directs the company's accountant, Maureen O'Shaughnessey,

to prepare a balance sheet in which assets are shown at estimated market values. Myers says

this type of balance sheet will give him a better understanding of where the business stands. He

also thinks it will be useful in obtaining bank loans, as loan applications always ask for the

estimated market values of real estate owned.

In Discussion Forum 4, post your response to the following discussion assignment.

1. Would the financial statements requested by Martin Myers be in conformity with generally

accepted accounting principles?

2. Is Myers Construction under any legal or ethical obligation to prepare financial statements

that do conform to generally accepted accounting principles?

3. Discuss any ethical issues that O'Shaughnessey should consider with respect to Myers's

request.

Again Feel free to use the internet but the book being used for this class is:

Williams, J. R., Haka, S. F., Bettner, M. S., & Carcello, J. V. (2012). Financial & managerial

accounting: the basis for business decisions (16th ed.). New York, NY: McGraw-Hill Irwin.

Part 2

"Social Networking and Information Management" Please respond to the following:

 Many of the social networking sites make the behavior of employees much more visible. Discuss one

or two implications social networking sites have for government employees. Provide examples to

justify your response.