Accounting 331- Writing Assignment
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,
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 reporting
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:
One-inch margins
Double-spacing
Size 12 Times New Roman font
Your write up should have the following sections:
Cover Page
Executive 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).
Name
Class title and section number
Due date
Description of the issue (facts)
Analysis of facts
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