could you please choose an article from New York Times, I will attach some examples could you please look at it, and could you please follow this instructions, and please USE SIMPLE ENGLISH:
You have just been hired as an accounting associate at Fairly Large Corporation (FLC), a small cap Fortune 1000, U.S. based, international manufacturing concern. You position reports directly to the Financial Reporting Accounting Manager (US). The accounting manager has explained to you that because of the need for absolute financial transparency, the Board of Directors has reiterated to the Company?s Chief Executive Officer and Chief Financial Officer that it will not tolerate ?weak accounting practices and ?less than transparent? disclosures to its shareholders. The Board has informed the CFO that we do not need to deal with any ?accounting headaches? and to be sure that he keep the Board informed of potential accounting issues. The CFO has in turn requested to be kept abreast of what is happening in the financial world with a weekly memorandum summarizing accounting related events that could potentially impact FLC. You have been tasked as part of your responsibilities, to conduct a thorough reading of all applicable financial publications, in order to prepare a ?Week in Review? memorandum summarizing events reported in the financial press that are related to accounting, auditing, SEC reporting, legal matters, events, litigation, and transparency (or lack thereof) that could possibly affect FLC. Your senior colleague has asked that you identify the one issue that could have the most immediate impact. Your memorandum should be a concise; 250-500 word summary (in Times New Roman 12 pt.) identifying the relevant business and accounting issue and discuss why this may be important to FLC. Your memo should identify the source and title or the article that attracted your attention along with a hyperlink. Summarize the key points of the article and conclude with why it may be of relevance to the Company and have an effect on its financial statements. Create a specific scenario of how this could affect your Company. You may be creative, but stay within reasonable boundaries. Apply critical thinking. Use the Performance Criteria (issue identification, business issue or risk, benefits, corrective action, US GAAP, concise writing skills, research and analysis) in the rubric to identify the requirements of the memorandum. An example memo and the grading rubric are being provided for your use and will be discussed in greater depth in class. The preparation of these memorandums will encourage you to keep current with daily business news, as well as developing your critical thinking and writing skills.
The post Apply critical thinking. Use the Performance Criteria (issue identification, business issue or risk, benefits, corrective action, US GAAP, concise writing skills, research and analysis) in the rubric to identify the requirements of the memorandum.
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