8-2 Case Study 4: Monsanto Company Roundup. Questions are attached along with the Rubric.

8-2 Case Study 4: Monsanto Company Roundup. Questions are attached along with the Rubric.
ACC 696 Case Study 4 Rubric The fourth and final case study returns to the text, using the Monsanto case study and questions. These questions test your knowledge of Module Eight objectives as well as some previous concepts in the course. Please review the evaluation criteria in the rubric below, which highlights grading information. Prompt : Read Case Study 7-8 in your text and answer the questions that follow. Your responses should be detailed and well -articulated . Your conclusions should be based on conce pts and theories from your text, you should provide examples when applicable, and your writing s hould be professional and error -free. Critical Elements Exemplary (100%) Proficient (90%) Needs Improvement (70%) Not Evident (0%) Value Case Analysis Meets “Proficient” criteria and provides examples Analyzes case study questions with details and explanations Analyzes case study questions with minor gaps in details and explanations; has difficulty in applying both technical and communicative proficiency Does not provide in -depth analysis for the required case study questions 40 Conclusions Meets “P roficient” criteria , and conclusions are compared to current workplace scenarios Draws conclusions that are justified with evidence Draws logical conclusions, but does not defend with evidence Does not draw logical conclusions 35 Articulation of Response Meets “P roficient” criteria and is presented in a professional and easy -to-read format Submission has no major errors related to citations, grammar, spelling, synt ax, or organization and is of a sufficient length to provide necessary details in answering the question Submission has major errors related to citations, grammar, spelling, syntax, or organization that negatively impact readability and articulation of mai n ideas. Answers are brief and lacking in detail Submission has critical errors related to citations, grammar, spelling, syntax, or organization that prevent understanding of ideas. Answers fail to address all parts of the question or omit important detail s 25 Earned Total 100%
8-2 Case Study 4: Monsanto Company Roundup. Questions are attached along with the Rubric.
Monsanto Company Roundup Case Study Questions What is the underlying accounting and financial reporting concept at issues as described in EITF Issue No. 01-9 with respect to the way Monsanto accounted for customer rebates? Explain in your own words how Monsanto’s accounting led to materially misstated financial statements. Given that Monsanto was under great pressure from competitors that sold generic brands similar to Roundup, would you characterize the Monsanto situation as a business failure, and or an audit failure? Explain. Of what value are the ethics and compliance requirements agreed to by Monsanto? Do you believe all companies that experience financial fraud should be required to institute such changes? Can such requirements change the culture of a global company such as Monsanto? Do you believe restated financial statements should be audited by a different firm than the one that prepared the original financials? Why or why not? Consider cost and benefits in your analysis.