ACCT 540 Week 5 Homework Assignment
The author uses the facts at the beginning of the example. The author used the significant fact first in stating that Sony’s financial statements doesn’t disclose any of the losses from Sony Pictures. The problems that need to be talked about in the example were the misrepresentations of goodwill and how the disclosures for different segments were different for the financial statements. Once the issues were presented to the reader, this researcher continued to ask questions that will lead them to the solution. Based on the misrepresentations of goodwill, this memo investigates if the annual entry is needed agreeing to FAS 142. The author also questions whether there is a need for disclosures of two separate segments…………….