Inancial Reporting An Ethical Perspective
The essay needs to be about an ETHICAL scenario where good faith arguments can be made for both sides.
Weather the purpose of financial statements should be to provide an accurate picture of fair market value OR should be designed using a conservative model that gives historical data (i.e. values items at lower of cost or market value)
Would prefer 4 major paragraphs if possible
2) Analysis from perspective #1
(Financial statements should always depict fair-market value)
3) Analysis from perspective #2
(Financial statements should always depict lower of cost or market value)
(Recommended Ethical choice)
….or something close!