Evaluate each of the above-listed issues for Smith Brothers management, citing excerpts from the relevant ASU (or from the Codification) as applicable.
Choose any US company other than Amazon.
You Create the Case (Applying Ike Aceranithig Itesearch Process) On your own, create a fictitious fact pattern (accounting problem/business issue) to which you can apply the accounting research process. If you are able, use a fact pattern based on a real situation that you've encountered professionally (such as from a work experience or an internship). That is, think back to an accounting question that required some thought or discussion Alternatively, consider the following sources to generate ideas for fact patterns:
(1) The Codification browse for ideas of topics or examples that you can use to "back into" a fact pattern; (2) Recent business news articles, such as from the 11.-all Street Journal;
(3) A situation a parent or small-business owner you know has encountered; or (4) Corporate annual reports, for ideas of transactions/events.
For this fact pattern, create four PowerPoint slides to share with your class:
1. The first should show only the fact pattern you created, including discussion of all relevant facts necessary to understand the issue. Next, describe an industry-specific guidance you might consult for background on the company's business.
2. The second should include a researchable question for this fact pattern (identify at least one). On the same slide, brainstorm the likely answer to the question.
3. The third slide should pros ide the applicable Codification reference (identify just one or two key param-aph(s)), alternatives considered (if arm ). and discussion of the process you used to research this issue using the Codification. Consider this step a journal of your research actions, including a description of the method you used to find this guidance (search or browse path), dead ends you found, etc.
4. The fourth slide should include a brief statement of your conclusion.
Alternatively, your instructor may ask you to respond to this case study in the form of a one- or two-page written document.