Essay Available:
Pages:
2 pages/≈550 words
Sources:
1 Source
Style:
Harvard
Subject:
Accounting, Finance, SPSS
Type:
Case Study
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 9.36
Topic:
Case Study 1: A Letter from Prison. SPSS Case Study
Case Study Instructions:
Please Write a one page executive summary addressing the following questions:
Assignment Questions:
1. How serious were Stephen Richards’ actions? Why?
2. If CA achieved the same financial results through GAAP flexibility, does your answer to (1) change?
3. Suppose you were placed in Stephen Richards’ position at CA, and were under pressure to extend the fiscal quarter. How would you handle the situation? What would be the expected consequences?
Case Study Sample Content Preview:
Case Study 1: A Letter from Prison
Student’s Name
Instructor
Course/Title
Date
Case Study 1: A Letter from Prison
1. How serious were Stephen Richard’s actions? Why?
Richard’s actions were serious since he collaborated with other executives at Computer Associates to manipulate the quarterly earnings so that they can portray a boost in earnings. These misleading accounting practices were in line with the market expectations of the company and incorporated in its financial reports, contrary to the GAAP principles. As a global head of sales, Richard allowed the extensions of the fiscal quarter, enabling employees to get contracts after the end of the quarter to boost the earnings reported at the end of the fiscal year (Soltes, 2011, p.3). Failure to reveal the backdated contracts was a substantial misrepresentation of financial statements.
2. If CA achieved the same financial results through GAAP flexibility, does your answer to question 1 change?
My answer would not change since GAAP flexibility does ...
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