Required:You must complete this assignment independently on your own and not work with or collaborate in any way with any other person, including but not limited to your ACCT 350 classmates. Failure to work alone will constitute academic dishonesty. Further, your assignment will serve as a diagnostic tool for 351COM next semester; submitting work that is not your own will undermine the purpose and value of the feedback you will receive near the beginning of that course. Prepare a letter (not a memo) addressed to Amelia Emerson, Controller, Yukon, Inc., 350 Accounting Avenue, Northridge, California 91330, advising her about which year to use to account for the sales taxes. You must support your advice by citing any applicable accounting standards. Do not include a reference page until you complete a follow-up assignment in ACCT 351COM. You must limit your letter to one page (single spaced with double space between paragraphs) and one-inch margins. Only submit the one page and nothing else. Create your own letterhead for the accounting firm you represent. The date should be placed no less than one-half inch below the letterhead (or 1.5 inches from the top of the page). Remember what we discussed in class about not citing a section 55 in the Codification unless you also cite the primary source to which it refers. In other words, citing only section 55 isn’t enough. In addition to analyzing the accounting issue(s) in your letter, include a brief comment about any ethical issue that Amelia faces. You should look at the AICPA Code of Professional Conduct rule on “Integrity and Objectivity”. Briefly explain to Amelia the one part of this rule she should most consider in her current situation (e.g., subordination of judgment). But remember (and be careful) that the CEO and CFO may be “secondary readers” of your letter, and that you are creating a written record on this issue. Please note that it is Certified Public Accountants (CPAs) like Amelia who are “members” of the AICPA and must uphold the AICPA Code of Professional Conduct. Your textbook is not recognized as authoritative sources in accounting research. Therefore, do not use your textbook as support for your recommendation.
TurnitinIn addition to submitting your letter to Professor Weiss, you must also submit your letter to Turnitin. To use Turnitin, access Canvas and follow these instructions.
- In the Course Navigation, click the Assignments
- Click Turnitin for Handout
- To submit your assignment, click the Upload Submission
- Drag your file to the text
- Review the information about your uploaded file, then click the Continue button to preview and accept your
- Click the Accept Submission & Save