Writing Assignment - Part I

Choose an example of a Change in Accounting principles. Write a statement paper on how this change would affect the financial statements of a company as they adopt the new principle. Prepare this written statement as if to the Board of Directors of your company.

Writing Assignment - Part II

Your CEO has inquired about the differences between the direct method and the indirect method of presenting the statement of cash flows. Prepare a memo describing the differences and the reasons one presentation may be better than the other for particular companies. Be sure to include a discussion on the non-cash activities included under the operating activities section of the indirect method