Here is the synopsis of our sample research paper on External Auditing and Accounting Standards. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This is a 3 page paper that provides an overview of accounting standards. The use of external auditing in reducing fraud is explored. Bibliography lists 3 sources.
Page Count:
3 pages (~225 words per page)
File: KW60_KFebstk3.doc
Buy This Term Paper »
Unformatted sample text from the term paper:
and policies in regards to expansion, employee treatment, compensation, and so on. However, a major dimension of business ethics is internal in nature, and has to do with the organizations
commitment to checking and monitoring its own processes and standards for potential ethical violations. A primary example of such a trend can be seen in the need for accounting standards
to accurately represent the true value of the organization through accurate reporting of all assets and obligations. This paper will explore the topic of ethical business management through the example
of stock option accounting practices utilized by eBay, Inc. A. Compare and Contrast Disclosure Methods This paragraph helps the student present an overview of the primary issue at hand.
Stock options are an attractive prospect to many businesses. By offering stock options as part of compensation packages, organizations can reduce the amount of cash that must be paid out
in order to retain talent. This has a bi-fold effect on the company of not only increasing cash assets, but also increasing employee motivation through tying pay to performance. However,
when it comes to referencing these options on accounting statements, businesses differ in how they handle the issue. While some businesses subtract the fair value of those stock options from
revenue, considering them as proper expenses, others are content to disclose the value of stock options without actually integrating them into accounting calculations as an obligation ("Accounting", 2004). And yet,
fiscal reality does not change; these options do represent an obligation on the companys value, whether the company reports the options through footnote disclosures or considers them as expenses. This
can lead to major discrepancies. In 2002, the company eBay utilized footnote disclosure methods and reported a 48 million dollar profit, whereas analysis of financial statements reveals that if the
...