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Essay Instructions: Accounting E&P (earnings & profit) can be a confusing topic. Describe the process and its importance. (You may provide an example if it will assist in your description.)

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Essay Instructions: ?Accounting has been nothing if not a dynamic, global discipline over the last two decades. The role of the accountant has changed dramatically during that time and will continue to do so?as will the nature of the challenges that the accounting profession faces?.

Essay Instructions: Accounting for partnerships ? Discuss the advantages and disadvantages of partnerships. Identify and discuss the Financial Accounting Standards (FAS) that govern accounting for partnerships including both creation, operation, and liquidation. Explain the steps in liquidation. What are the tax consequences of partnerships.

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Essay Instructions: Accounting Fraud at WorldCom

Discuss the corporate culture at WorldCom and how it contributed to the accounting fraud.


Discuss how the CEO’s desire to be the #1 stock on Wall Street contributed to the fraud.


Given the pressure on Accountants to book and release accruals to meet expected results,
how might an Accountant go about handling this type of situation?

Discuss the pros and cons of whistle blowing. Would you be more likely to blow the whistle or not? Explain your answer.

Discuss the creditability of the Accounting Profession when Corporate fraud is unveiled.

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