ACC 3311 Intermediate Accounting I
Research topics
As part of your grade in this course, you are required to complete a research paper. You should choose one of
the topics listed below and write a 2-page paper on the topic.
Research topics
As part of your grade in this course, you are required to complete a research paper. You should choose one of
the topics listed below and write a 2-page paper on the topic.
If you are writing a paper, please use normal margins and 12pt font. The paper should be single-spaced. You
can double space between paragraphs.
You will need to cite your sources for either the paper or the PowerPoint presentation. Please make sure you
are writing the paper yourself.
Please choose ONE of the following topics to research:
1. The Sarbanes-Oxley Act (SOX) was passed in 2002 because of some high-profile accounting scandals in
the late 1990s and early 2000s. How effective has this legislation been in reducing accounting fraud?
(Some of the key provisions in this legislation are shown in Illustration 1-9 on p. 15 in the text).
the late 1990s and early 2000s. How effective has this legislation been in reducing accounting fraud?
(Some of the key provisions in this legislation are shown in Illustration 1-9 on p. 15 in the text).
2. Why is it important to have comparability in U.S. GAAP and IFRS? List the advantages and
disadvantages of convergence between United States accounting standards (US GAAP) and
international accounting standards (IFRS). What is the status of any convergence between the two
sets of standards?
disadvantages of convergence between United States accounting standards (US GAAP) and
international accounting standards (IFRS). What is the status of any convergence between the two
sets of standards?
3. Find the most recent annual report for one of your favorite companies. (The company must be publicly
traded, i.e. the stock sold on a stock exchange, to easily find the annual report). Compute the
following ratios for the most recent 2 years for the company: current ratio, acid-test ratio, debt to
equity ratio, times interest earned ratio, asset turnover, receivables turnover, inventory turnover,
profit margin, return on assets and return on shareholders equity. Answer the following: What is the
2-year trend for the company? What aspects of the companys performance do the ratios evaluate?
Go to the Readyratios.com website and enter the industry group that your company is in, i.e. retail,
tech, financial services and mention how your companys ratios compare to the industry.
4. Go to FASB.org. Under the Standards tab select Accounting Standards Updates Issued. On the
right-hand side of the page will be a list of each year that updates were issued. Choose either 2021 or
2020 and find an Accounting Standards update dealing with a topic from this course, either revenue
recognition, accounts receivable or inventory. What standard has been updated? What has changed
from a previous standard?
5. How has financial accounting changed as new technologies arise? How have new technologies helped
financial accountants? In this paper, make sure to address how financial data is at risk and how it can
be protected.
traded, i.e. the stock sold on a stock exchange, to easily find the annual report). Compute the
following ratios for the most recent 2 years for the company: current ratio, acid-test ratio, debt to
equity ratio, times interest earned ratio, asset turnover, receivables turnover, inventory turnover,
profit margin, return on assets and return on shareholders equity. Answer the following: What is the
2-year trend for the company? What aspects of the companys performance do the ratios evaluate?
Go to the Readyratios.com website and enter the industry group that your company is in, i.e. retail,
tech, financial services and mention how your companys ratios compare to the industry.
4. Go to FASB.org. Under the Standards tab select Accounting Standards Updates Issued. On the
right-hand side of the page will be a list of each year that updates were issued. Choose either 2021 or
2020 and find an Accounting Standards update dealing with a topic from this course, either revenue
recognition, accounts receivable or inventory. What standard has been updated? What has changed
from a previous standard?
5. How has financial accounting changed as new technologies arise? How have new technologies helped
financial accountants? In this paper, make sure to address how financial data is at risk and how it can
be protected.
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