Here is the synopsis of our sample research paper on CRISES AND CHANGE IN ACCOUNTING STANDARDS. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 6-page paper focuses on whether accounting professionals should be concerned that crises tends to lead to change in framework. The essay suggests that yes, there should be concern. Bibliography lists 6 sources.
Page Count:
6 pages (~225 words per page)
File: D0_MTcrisacct.rtf
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Unformatted sample text from the term paper:
occurs. When this happens, suddenly everything about accounting standards are wrong, and something must be done to change them, make them stronger, or get rid of them.
The knee-jerk reaction to an accounting crisis is the demand for those with the legal and legislative power to do something. If a crisis is
so huge that it impacts thousands of stakeholders, it makes the press and gives everyone involved a black eye. It also spurs legislatures to step in and either pass laws
to regulate the accountants and auditors, or to demand that these groups do a better job of self-regulation. The knee-jerk reaction is understandable - when a crisis hits, no one
wants to sit around and be accused of doing nothing. The problem is, as well see in this paper, the reactions
are typically quick, and dont take into account other viewpoints. Because the demand is so fierce, organizations dont have the time to sift through the rubble before they make the
changes. In many cases, especially in accounting situations, putting a new regulation on top of the heap could contradict an older regulation already in place. Its for this reason that
accounting theorists and professionals should be very wary and skeptical of the immediate reaction to make changes to an accounting standard when a crisis in the profession occurs. Some Examples
of a Crisis in Accounting - and the Results Almost all companies go through some kind of accounting problems - their profits
go down, operating revenues increase, shares slide south. But a problem becomes a crisis when it impacts more than the company. It becomes a crisis when the far-reaching effect of
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