Chapter 9: Financial Statements for a Sole Proprietorship
Chapter 9 Study Plan
Chapter 9, Section 1, The Income Statement
Chapter 9, Section 2, The Statement of Charges in Owner's
Chapter 9, Section 3, The Balance Sheet
Extend: A Matter of Ethics
Chapter 9: Financial Report or Repair?, p. 213
- Using the CNN Web site or the Web site of one of
the publications below, locate news stories about a company that changed its financial
statements to create the appearance of a more favorable financial condition. Try
using search terms like "financial fraud" and "corporate fraud."
- Select one article and write a summary of the case.
Include details of how the financial records were altered, how the act impacted
the company and investors, and how the case was handled.