1. This material from the past three week has dealt with the
overall subject of acquisitions. Many of these acquisitions don’t work out as
intended, and some result on companies going under. One of our upcoming
subjects is that of corporate bankruptcies and liquidations. When we think
bankruptcy, we tend to think in the negative. However, from a corporate
perspective the act of bankruptcy / reorganization can be a good thing.
For this discussion forum, you are to research a company
that declared bankruptcy and then reorganized / came out of it stronger and for
the better. Discuss what you think made your chosen entity go into bankruptcy,
any significant measures it took during bankruptcy, and what happened to it
once it came out of it.
2. This week’s material deals with, amongst other things, the
subject of not-for-profit and municipal accounting, which is very different
from the GAAP accounting you’ve been learning for your academic career to date.
Why do you think we’ve developed and used such a different
type of accounting for not-for-profits and municipalities?
3. This week’s material deals with, amongst other things, the
subject of international accounting standards, and in particular how they
compare / relate to GAAP.
Which overall type of accounting standard do you prefer;
GAAP or IFRS, and why?
Each answers should be at least 300 words and must include
at least one outside reference (properly cited and credited), and are expected
to discuss the topic(s) at hand in a meaningful manner.