Tag: Paliotta F

Beth Colon

Operating Segments—How FASB Says to Account For Them

This presentation is going to explore the history of FASB, Statement No. 131. It will define what is an operating segment and what disclosures are mandated. It will show how using different methods to allocate non-traceable expenses will effect the company’s financial statements.

ACTG 499, Senior Capstone

Frank Paliotta

Banquet Room

1 – 3 PM

Brooke Davis & Brent McKee

How Fraudulent Financial Reporting Presents the Proper Allocation of Resources in Accounting

The purpose of our presentation is to, through examination of cases, show different types of fraudulent financial reporting, and to explain the issues that accompany it. Accountants are responsible for properly allocating resources, and through the years, there have been many instances where this has been done illegally. The Sarbanes-Oxley Act of 2002 gives the proper way to handle things, and this presentation will compare the act to fraud in real-life situations.

ACTG 499, Senior Capstone

Frank Paliotta

Banquet Room

1 – 3 PM

Jeff Phillips

Convergences Project: FASB and IFRS

Due to developments and movement towards a one world economy, a joint activity of the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) called project convergence has been initiated. The convergence project has the objective of matching the two board’s present standards and adapting the two sets of standards into a single set of generally accepted accounting principles (GAAP). For my capstone project, I will present an oral report on the similarities and differences that will have to be resolved in order to forge a single set of generally accepted accounting principles.

ACTG 499, Senior Capstone

Frank Paliotta

L203A

1 – 1:30 PM