Explain how “materiality” is defined in the conceptual framework.

Bridge to the Profession: Professional Research

In the study of accounting it is important to have the skills to use electronic libraries and databases for research purposes. You will read the case scenario, conduct your research, and address the checklist items in a persuasive essay.

Checklist: Address the following checklist items in your persuasive essay:

• The viewpoint and purpose of your paper should be clearly established and sustained.

• Explain how “materiality” is defined in the conceptual framework.

• The concepts statements provide several examples in which specific quantitative materiality guidelines are provided to firms. Identify at least two of these examples. Do you think materiality guidelines should be quantified? Why or why not?

• The concepts statements discuss the concept of “articulation” between financial statement elements. Briefly summarize the meaning of this term and how it relates to an entity’s financial statements and why you think this is important.

• Provide a minimum of two (2) scholarly sources in support for your arguments.

• Provide your conclusion.

• The persuasive essay should follow the conventions of Standard English (i.e., correct grammar, punctuation, and spelling).

• The writing should be well ordered, logical, and unified, as well as original and insightful.

The FULL description is uploaded as “Unit 1 Description”