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Module Four Discussion Question 1

Module Four Discussion Question 1

Q The goal of this discussion is to apply what you have learned while reading the chapter material and reviewing the PowerPoint presentation. Keep in mind that this discussion question will help prepare you for future exams, so it is important that you understand the information and actively participate in discussions. To supplement your learning and enhance your understanding, you may also have to conduct research outside of course provided material. Discussion Question Requirements: 1. In a minimum of a paragraph, answer the question by Thursday at 11:59 pm EST to allow sufficient time for robust peer conversation. o If the Thursday at 11:59 pm EST deadline is missed, you will still be required to complete the initial post to participate in peer discussion and earn partial credit for the assignment. 2. Pick two peers' postings and review them. Then comment in no less than one paragraph why you found the information helpful, informative, etc. You must present new ideas and/or thoughts, merely stating that you agree/disagree is not enough to earn full points. Peer postings are due no later than Sunday by 11:59 pm EST. 3. Students will not be able to see peers' postings before posting their initial post. Once you make your initial post, you are not permitted to edit. If edits are needed, you will need to reply to the original post and make the corrections there. 4. A paragraph is considered a minimum of 4-6 sentences. 5. Cite all sources - you must provide the exact link to the reference. Please keep in mind that citing sources does not mean you can copy and paste information from the source and use it as your own. You also cannot only change a few words from a source; all work must be in your own words. If copying/pasting is found or the submission is not in your own words, you will receive a zero, with no exceptions. This also includes commenting on peers' posts. Module Four Discussion Question #1 Search the web for instances of possible impropriety relating to earnings management. This could be news reports, Securities and Exchange Commission violation reports, fraud charges, or any other source of alleged financial statement judgment lapse. In your post include the name and industry type of the company you are discussing, describe the purported indiscretion, and how it relates to misreporting earnings or shady accounting, estimate the impact of the potential misrepresented amount. You do not need to have proof that a compromise occurred, but you do need to have a source of your reporting of the potential trouble. Make sure to provide a link to the information you found, to allow accurate verification of your answers.

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I chose a company and situation that I knew nothing about prior to searching for a company accused of financial indescretion. Barrett Business Services Inc provides human resource outsourcing, business consulting, payroll services, as well as other services relating to business management. Barrett's CFO, James Miller, was accused and then confessed to incorrectly reporting "workers' compensation expenses as payroll taxes and fees" (Hair, 2018). This was apparently done in 2013 and 2014, giving investors false information, as workers' compensation expenses were underreported by 12 million dollars.