College of the Siskiyous

Financial Accounting (BA1A)

 R & R #2 -- Online Activity

Due Thursday, August 28th by midnight, via email to Shawn Abbott, abbott@siskiyous.edu - 15 points  
  Late assignments will receive 0 points.

Complete the following three activities:

1. Complete E11 on page 150 (5 points)

2. Complete C3 on page 159 (5 points)

3. Conduct some COLLEGE LEVEL research.  In recent years, we've seen some unethical practices related to recognition, valuation and classification issues.  Locate a specific example of an accounting scandal that involved one of these issues.  Using college-level writing skills, briefly summarize the underlying situation and identify which of the three issues (recognition, valuation or classification) was handled improperly.  Cite your source clearly.  Do not provide an example that was discussed in the text or in class. (5 points)