Problem Identification Report - Executive Report Overview The STAR Method

Your company is dealing with an accounting issue. You have been asked to provide senior management with an executive report summarizing the issue. You are to use the STAR method for the format of the report.

S Situation describe the current situation in (100 words). Just provide the facts of the situation and why this is a problem.

T Target What changes in process and/or the organization have to occur to correct the situation? What accounting theory is at the center of this issue? (100 words)

A Action What are the action steps that must occur to make this change? Who in the organization must be involved and what impact will the process changes have on the organization? (300 words)

R Results Once the changes are implemented what qualitative and quantitative measures will be put in place to monitor and measure the changes? (100 words)

APPLICATION Assignment Instructions

1. Choose Inventory

2. Find an article with a real-world accounting problem dealing with one of the topics above.
3. Use the STAR method outlined above to write an executive report.
4. Sources: one article discussing the problem (does not have to be scholarly) and supporting references for FASB or other references as needed to support the target, action or results sections.
5. If your article identifies a solution, you must develop an alternative solution and discuss your resolution in the report.
6. References should be in correct APA 7 format.
7. Paper must be grammatically correct
8. Use the STAR acronyms as section titles. (No introduction or conclusion will be used in this report)