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Principle Of Accounting CLA 2 Comprehensive Learning Assessment 2 – CLO 1, CLO 3, CLO 4, CLO 6 The textbook includes information regarding Enron Corporation and Sarbanes Oxley. Using the search terms to search the textbook and with other supporting research: a) Identify at least three internal control issues exhibited in the demise of Enron and their external accounting company, Arthur Anderson. b) Identify at least three important elements of the Sarbanes Oxley Act that attempted to address these issues. c) Finally, give your informed opinion as to whether or not the Sarbanes Oxley Act fixes the financial issues of the Enron collapse. Make sure you include and use a minimum of four peer-reviewed, academic, or business resources, plus the textbook in your paper. APA format ,6-8 pages TEXTBOOK:Franklin, M., Graybeal, P., & Dixon, C. (2019). Principles of Accounting, Volume 1, Financial Accounting. Openstax.org ISBN: 978-1-947172-67-8 Running head: APPLE FINANCIAL STATEMENTS CLA2 Assignment Your Name Here Westcliff University BUS 305: Principles of Accounting Professor’s Name Here Month Day, Year CLA2 Assignment Introduce material here… Remember, each professional assignment must have the headings listed below and must be answered according to assignment instructions; each heading is worth a percentage of each case grade and this is how your work should be submitted. Your audience is someone like your roommate – intelligent, educated, but has NO IDEA what the case study is about. You do not want to copy-and-paste the case, but put forth a brief summary so your reader knows what is going on. This section is generally one paragraph. The easiest way to explain this section is to think of it like an abstract or introduction. If written properly, this section can actually serve as the abstract for the paper. It will, in a sense, set up the rest of the paper, which is the review of the case, analysis, recommendations, and the summary and conclusions sections. Remember that you obtained this information from the textbook. Consequently, you should cite Franklin, Graybeal, and Dixon (2019). You should NOT write According to the textbook as your reader has NO IDEA who or what is that. Do remember to take notes as you read through the case study information so that you are prepared to complete this report. Internal Controls In this section, you will briefly describe what you will cover. It should only take a few sentences. This section will answer the mandate, “The textbook includes information regarding Enron Corporation and Sarbanes Oxley. Using the search terms to search the textbook and with other supporting research, identify at least three (3) internal control issues exhibited in the demise of Enron and their external accounting company, Arthur Anderson.” Make sure you always include enough text to form a complete paragraph before moving to the next section. Sarbanes Oxley Act The next question you will answer is “Identify at least three important elements of the Sarbanes Oxley Act that attempted to address these issues.” Remember that your goal is to develop an APA-formatted paper, 6-8-pages in length explaining these elements. A good way to accomplish this is to include supporting information after your initial thoughts, then follow that with an explanation of how the information supports your thoughts. Enron Collapse Aftermath Text starts here... This section will answer the mandate, “give your informed opinion as to whether or not the Sarbanes Oxley Act fixes the financial issues of the Enron collapse.” Make sure you always include enough text to form a complete paragraph before moving to the next section. Make sure you also include information that demonstrates your knowledge of this topic. Hint: Supporting material from a peer-reviewed source would be good here, and do not forget to follow that with your own words explaining how it supports your original thoughts. Conclusion This section will tie together all sources used for this comprehensive learning assignment, conclusions drawn from the readings, and any inconsistencies. This section will generally be one to two paragraphs. Notice the paper has a continuous flow; there are no page breaks between sections. The only page breaks occur between the title page and the introduction, and between the summary or conclusions and the reference page. Note: If there is a header at the bottom of the page (on the last line), you will need to insert a page break immediately before the header to properly move it to the next page with its text. All references for the assignment must appear on a separate page (see the following page for an example). Best practice is to always have at least four (4) peer-reviewed or academic references (including assigned readings), as well as your textbook. References This section will reference all sources cited throughout the paper. It also gets its own page, meaning that it will not start at the bottom of a previous page. The heading should appear at the top of the page (first line of text) and all reference material should be listed below in alphabetical order by first last name. Also, the title for a book or text is always in italic format and in sentence form. In contrast to book references, the title for articles is in sentence format, not in italic, but the name of the journal or magazine is in italics. Furthermore, references are formatted with a hanging indent, meaning the first line is never indented, and all subsequent lines are indented. See examples below: Barzani, R. S. (2014). Studying the effects of business strategies on the organization's performance in regard to human resources' policies at the Social Security insurance companies based. International Journal of Academic Research in Business and Social Sciences, 4(5), 549-561. www.IJRBSS.com Franklin, M., Graybeal, P., & Dixon, C. (2019). Principles of Accounting, Volume 1, Financial Accounting. Openstax Hisrich, R. D., Peters, M. P., & Shepherd, D. A. (2017). Entrepreneurship (10th ed.). McGraw-Hill Education Holt, D. (2016). Branding in the age of social media. Harvard Business Review (online). https://hbr.org/2016/03/branding-in-the-age-of-social-media McShane, S., & Von Glinow, M. (2017). Organizational behavior (8th ed.). McGraw-Hill