Reflection paper

Reflection Paper

This paper is a summation of the project completed over the course of the semester. The paper should have four sections:

1) What did you learn about accounting through this project?

2) Within the project, we have a transaction with dividends being declared and paid on the

same day. This is not the usual process. Explain the three major dates associated with

dividends and the journal entries that would be created on those dates.

3) Craft the memo you will send to Pat about the errors you found during the reviews.

a. Pick three distinctive errors Pat made and explain what Pat did incorrectly, and

based on the rules of debits and credits, along with US GAAP, how it should be

corrected. Be sure to do this in a way for Pat to understand.

b. Using your best leadership tools, discuss your expectations of Pat going forward

with this new knowledge.

4) Using research, discuss the ramifications for a company that does not find these errors

and releases financial statements with errors.

This paper should be no longer than 4 pages (excluding the cover page and references), using

APA formatting. No executive summary is needed for the paper, all other APA rules are

required.

Please note that since section 1 and 3 are reflective and directive sections, please feel free to use

I in that section.

Each section will be graded towards grammar, spelling, structure, APA.