Expert answer:FIN331 George Mason University Framework for Finan

  

Solved by verified expert:Accounting 331– Writing AssignmentTopic/Case: In our study of the Conceptual Framework for Financial Reporting (Chapter 2), we noted that Faithful Representation was one of the key qualitative characteristics. In your report, Explain the importance of this characteristic, List the elements that make up Faithful Representation and explain their relevance to today’s accounting environment within a business’ operations.Explain how it relates to the overall objective of the Conceptual Framework for financial reportingWith respect to the Enron fraud, give one example where this characteristic was violated. Format: The assignment length should be 2 to 3 pages, excluding cover page and references, with double spacing. Please use the following page formatting for the assignment: One-inch marginsDouble-spacingSize 12 Times New Roman font Your write up should have the following sections: Cover PageExecutive summary (a one or two paragraph condensed description of the issue and your suggested solution)Analysis:Conclusion References (can also be included in the footnotes). NameClass title and section numberDue date Description of the issue (facts)Analysis of facts
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Accounting 331– Writing Assignment
Summer Session 2019
Due by: Friday, June 21, 2019
(you may submit anytime before the due by date)
You must submit the case in class in printed format and electronically through the Writing Assignment
tab on Blackboard
When writing up your case assignment, you must appropriately cite accounting guidance which
support your arguments. Your memo should be substantive in nature and to the point. However, the
discussion should be thoughtful and well developed. Answers, even if correct, without sufficient
discussion and thoughtful analysis are not sufficient.
Topic/Case:
In our study of the Conceptual Framework for Financial Reporting (Chapter 2), we noted
that Faithful Representation was one of the key qualitative characteristics.
In your report,
1. Explain the importance of this characteristic,
2. List the elements that make up Faithful Representation and explain their
relevance to today’s accounting environment within a business’ operations.
3. Explain how it relates to the overall objective of the Conceptual Framework for
financial reporting
4. With respect to the Enron fraud, give one example where this characteristic was
violated.
Format: The assignment length should be 2 to 3 pages, excluding cover page and references, with
double spacing.
Please use the following page formatting for the assignment:
1. One-inch margins
2. Double-spacing
3. Size 12 Times New Roman font
Your write up should have the following sections:
1. Cover Page
a. Name
b. Class title and section number
c. Due date
2. Executive summary (a one or two paragraph condensed description of the issue and your
suggested solution)
3. Analysis:
a. Description of the issue (facts)
b. Analysis of facts
4. Conclusion
5. References (can also be included in the footnotes).
Grading policy:
The assignment will be graded on the following two criteria:
1. Content – Original thinking and an ability to focus on the issue and the relevance of your
discussion and adherence to report requirements (worth 10 points).
2. Communication – Quality of writing including language, spelling (worth 10 points).
For each of the aforementioned criteria, you will earn the following points on each based on the
assessment: Highly competent – 10 points, Competent – 8 points, Marginally Competent – 5 points,
Not Competent – 0 points. For the content grade, additional points will be deducted for not adhering
to report requirements and length (outlined on page 1).
Accessing Accounting Research Manager/Accounting Standards
You may find it useful to use the Accounting Research Manager to address your topic. This resource
will provide you with free access to codified accounting standards. To access Accounting Research
Manager:
1. Go to https://library.gmu.edu
2. Click the table titled “Articles & more”
3. Search for “Accounting Research Manager”
The GMU library site will also provide you of other databases you may use to research your topic.

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