Individual student needs to prepare a paper on one reporting issue. The paper shall consists of a proper description of issue, literature review, theory and empirical evaluation of actual companies data. Students are encourage to discuss the forms, types and factors related to the issue. Examples of the issues include (but not limited to):-

1. Write off vs capitalizing In Process R&D especially in technology companies.

2. Gain on subsidiary stock sales.

3. Pushdown accounting

4. Goodwill write-off/impairment – recognition of loss in value, earnings power?

5. The effects of no par value shares.

6. Are impairments relevant for security valuation? And resulting earnings can predict future earnings better?

7. Whether fair value can explain stock price?

8. Use of special or non-recurring items.