You have been hired as the CPA / Controller for an information technology start-up company. Thecompany is currently privately held with the goal to eventually become a publicly traded company.Write a three to four (3-4) page paper in which you:
1. Discuss how the company's management team can manipulate its earnings results though theadoption of different accounting methods and the obligation of accounting professionals to betransparent to shareholders.
2. Assess how the start-up technology business may be impacted by the required compliance withU.S. GAAP accounting methods and make a suggestion for how the business managers shouldminimize the impact to the financial performance as a result of accounting compliance.
3. Assume that the privately held technology company decides to become a publicly tradedcompany on the NASDAQ and is required to adopt International Financial Reporting Standards(IFRS). Determine the areas of the balance sheet that will be impacted by the shift and how thestock market is likely to respond to this change in accounting methods.
4. Evaluate the impact to the accounting profession should privately held companies be required touse U.S.GAAP while publicly traded companies are required to IFRS.5. Use at least three (3) quality academic resources in this assignment.
Note: Wikipedia and otherWebsites do not quality as academic resources.Your assignment must follow these formatting requirements:Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on allsides; references must follow APA or school-specific format.
Check with your professor for anyadditional instructions.Include a cover page containing the title of the assignment, the student's name, the professor'sname, the course title, and the date. The cover page and the reference page are not included inthe required page length.
The specific course learning outcomes associated with this assignment are:Examine the accounting framework and governing boards both domestic and international.Analyze the financial principles and concepts related to short- and long-term assets, and otherfinancial statements.Use technology and information resources to research issues in financial accounting andreporting.
Write clearly and concisely about financial accounting and reporting using proper writing mechanics.