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Discuss the power of these individuals (a) CFOs, (b) regulat

The Importance of Accounting Research

Reading and understanding accounting research on complex accounting and business issues can have many benefits for companies, CFOs, regulators, and investors.

(1) Discuss the power of these individuals (a) CFOs, (b) regulators, and (c) investors and their effects on the role of accounting within an organization.

(2) Why would (a) CFOs, (b) regulators, and (c) investors want to study accounting research?

(3) Provide an example of possible differences that could exist between (a) CFOs, (b) regulators, and (c) investors .

Please make sure that you enumerate 1(a), 1(b), and 1 (c) to 3 (a), (b) and (c) respectively your answers to correspond to the above questions. Also please follow APA guidelines in your use of citations and references.

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The Importance of Accounting Research

Reading and understanding accounting research on complex accounting and business issues can have many benefits for companies, CFOs, regulators, and investors.

(1) Discuss the power of these individuals (a) CFOs, (b) regulators, and (c) investors and their effects on the role of accounting within an organization.

The CFO has power over all of the accounting and financially related aspects of the business. The CFO is the superior authority regarding matters that involve the company's financial position, and is regularly included in the company's financial decision-making processes. He or she is also typically the highest authority within the company regarding the proper treatment of all of the company's accounting transactions and data. As per Sarbanes-Oxley, the CFO must personally sign an affidavit testifying to the validity of the accounting information presented in the company's financial statements.

Regulators do just that - they set the accounting standards and regulations for a business. The business must then adhere to the regulations, including all accounting regulations. The regulators set the procedures, and the companies either must adhere to the new accounting regulations, or will face penalties and other consequences for non-adherence. ...

Solution Summary

Discuss the power of these individuals (a) CFOs, (b) regulators, and (c) investors and their effects on the role of accounting within an organization.

(2) Why would (a) CFOs, (b) regulators, and (c) investors want to study accounting research?

(3) Provide an example of possible differences that could exist between (a) CFOs, (b) regulators, and (c) investors .

Please make sure that you enumerate 1(a), 1(b), and 1 (c) to 3 (a), (b) and (c) respectively your answers to correspond to the above questions. Also please follow APA guidelines in your use of citations and references.

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