Choose between either the GE or We Work financial scandal below.

GE: The latest General Electric accounting scandal (SEC.gov | General Electric Agrees to Pay $200 Million Penalty for Disclosure Violations). Make sure you demonstrate and discuss the impact to investors and how this scandal appeared or manipulated key financial ratios studied in this course.

OR

WeWork: The WeWork financial scandal. This scandal is infamous and even has a Hulu documentary you may find interesting. The SEC will have filings for the entity as it is structured now. Earlier financiers may have financials and disclosures you can find. This is the original prospectus filed in 2019 for We Work S-1 (sec.gov). Please use these financials to demonstrate your mastery of financial ratios studied in this course. Please discuss the impact to investors and how this scandal appeared or manipulated key financial ratios studied in this course or would have in GAAP accounting (one of the problems with WeWork was the company did not follow GAAP - they made up some very interesting assets.

Students will need to write a 5-page report analyzing the scandal. This paper is part of the Project Assignment and will enable students to demonstrate their ability to analyze company financials using the tools that they have learned in this class. The report needs to include a cover page, introduction, report body and conclusion with references. Papers plagiarized will not be accepted.

• Briefly describe what happened (1/2 page)
• Identify the main players (1/2 page):
• Describe how they did it in detail. Demonstrate your ability to analyze complex financial undertakings (2-to-3 pages)
• Indicate how they got caught (1-to-2 pages)
• Describe the penalties the main players incurred (1/2 page):
• Note: Follow the APA Writing Guidelines Supplement when setting up your papers.