Comparing two cases about Ethics (one in NASA case and the other one is a case about a pharmacy)
Part I.
Why is revenue recognition a significant issue? How do we determine when revenues are recorded for accounting purposes?
Explain the difference between a product and period expense.
Discuss the matching concept as it relates to accounting for revenues and inventory.
Part II. Refer to the latest annual financial statements for the two following companies: Apple: http://investor.apple.com/ and Samsung: http://www.samsung.com/us/aboutsamsung/ir/newsMain.do. Generally, this information is found in the Investor Relations area of the website.
Clearly identify the companies, the time period, and include the link to the financial statements you are analyzing in your report.
What accounting conventions do the two companies follow, US GAAP or IFRS?
What about auditing standards for the two companies?
Locate the income statement for the past two years for both companies. Prepare a table comparing five items or more from each statement.
Comment on the changes from one year to another. Is the company doing better or worse? Did revenues and expenses increase or decrease?
Is it easy to discern trends or compare the information from year to year and between the two companies? Please, comments on both aspects and show some examples.
Select an instance in which you experienced an application of the course concept. Essay should address the following items
• Introduction: An introduction using standard introduction devices
• Define: Explain the concept, complete with definition and elaboration of key terms without discussing the event/ad/etc. Be sure to use proper APA format for paraphrasing the readings.
• Describe: Discuss the event/television show/etc. in specific detail so that we can fully aware of the situation at hand. If applicable, attach the ad, story, or provide retrieval information for media clips.
• Apply and Evaluate: Apply the concept to the event/ad/etc. to show connections between class material and your daily life. As part of this section, explain how your example is an application of course content. How is it similar to course information and how is it different? Give an assessment of the course material. Did it help you make sense of the situation? Why or why not?
• Conclusion: A conclusion using usual conclusive devices.
•Generally speaking, what are natural disasters? Explain.
•What are the various types of natural disasters? Select 3 and answer the following:
?How do they occur? Explain.
?What type of and how much damage can be sustained? Explain.
?What unique challenges are present during each of your selected disasters? Explain in detail.
?What types of challenges are present across the entire spectrum of natural disasters?
•Generally speaking, what are technological disasters? Explain.
•Consider serious industrial accidents and acts of terrorism for the following tasks:
?Provide and briefly describe 1 example of a terrorist attack other than the attacks of September 11, 2001.
?Provide and briefly describe 1 example of an accidental, man-made disaster.
?How and why do they occur? Explain.
?What type of and how much damage can be sustained? Explain.
?What challenges are presented to first responders in the wake of an industrial accident or terrorist attack? Explain in detail.