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benefits and risks of a share-based stock-appreciation rights plan
(SARS). Recommend to the CFO which plan the company should
use, and provide the correct accounting treatment for each.
Research the reporting requirements for lease reporting under
GAAP and International Financial Reporting Standards (IFRS).
Based on your research, create a proposal for future lease
transactions to the CFO. Within the proposal, discuss the use of
off-the-balance sheet financing arrangements, capital leases, and
operating leases, and indicate the related business and financial
risks of each.
Create an argument for or against a single set of international
accounting standards related to lease accounting based on the
global market and cross border leases of assets. Examine the
benefits and risks of your chosen position.
Examine the major implications of SAS 99 based on the factors
you discovered during the initial evaluation of the company.
Provide support for your rationale.
Analyze the potential for a material misstatement in the financial
statements based on the issues identified in your initial evaluation.
Make a recommendation to the CFO for the issuance of
restated financial statement restatement. Identify at least three (3)
significant issues that can result from the failure to issue restated
financial statements.
Examine the economic effect of restatement of the financial
statements on investors, employees, customers, and creditors.
Use five (5) quality academic resources in this assignment. Note:
Wikipedia and other Websites do not qualify as academic
resources.
Your assignment must follow these formatting requirements:
Be typed, double spaced, using Times New Roman font (size 12),
with one-inch margins on all sides; citations and references must
follow APA or school-specific format. Check with your professor
for any additional instructions.
Include a cover page containing the title of the assignment, the
student’s name, the professor’s name, the course title, and the
date. The cover page and the reference page are not included in
the required assignment page length.