Intermediate Accounting

Locate an article from a financial periodical from the past 2 years about a company that restated its financial statements due to an error in accounting principal. Examples of periodicals are CFO and Journal of Accountancy.

Write a paper of no more than 700 words with references discussing the restatement of the company, the accounting principals involved, the effect of errors and changes on financial statements, and the affect on the stockholders.

Format your paper consistent with APA guidelines.

Kieso, D. E., Weygandt, J. J., & Warfield, T. D. (2007). Intermediate accounting (12th ed.). Hoboken, NJ: Wiley.

Kimmel, P. D., Weygandt, J. J., & Kieso, D. E. (2007). Financial accounting: Tools for business decision making (4th ed.). Hoboken, NJ: Wiley.

Mirza, A. A., Orrell, M., & Holt, G. J. (May 2008). Wiley IFRS: Practical implementation guide and workbook (2nd ed.). Hoboken, NJ: Wiley.

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Financial statement gives a description of the financial performance of a given company in terms of financial transactions and any other financial activities during a given period of time like annually, semi-annually or quarterly. Accompany can restate its financial statement because of error occurrence or due to internal control problems. Restatement can also be done in order to reflect variations in accounting principle.

In this report, we will take Cubic Corporation and analyze ……………………

APA

681 words