Essay on "Case That Needs to Apply GAAP"

Quoted Instructions for "Case That Needs to Apply GAAP" Assignment:

A report issued on March 11, 2010 by the United States Bankruptcy Court for the Southern District of New York detailed how Lehman Brothers, would sell its assets shortly before the end of a period and then buy them back shortly thereafter. These transactions were known as a *****Repo 105***** within Lehman. Discuss in no more than three pages (double spaced) what a Repo 105 transaction is, how it may have masked the financial position of Lehman, and what applicable Generally Accepted Accounting Principle(s) govern these transactions. Your paper should include a statement as to how you would have treated these transactions. Cite at least two sources to support your arguments. Your fourth page should include a list of works cited.

Formatting

Header: For every page

Format for *****Right Justify*****

Type your Last Name in all caps with a space between each letter

Insert a hyphen (*****-*****) with a space on either side of the hyphen

Using the Header and Footer tool bar, click on *****Insert Page Number*****

Page 1 Only: This header is in the *****body***** of the first page only!

Format for Right Justify

Type your First and Last Name

Type the Course Name and Campus (TUCC or Ambler)

Type the Assignment Name and/or #

Type the date the paper is due

Double space

Type the name of the paper centered in 14 point bold font

Body: Format font to *****Times New Roman 12*****

1***** left and right margins

1***** top and bottom margins

Collated: Papers should be stapled in the upper left corner

The Superior Paper (A/A-) will have:

Thesis: Easily identifiable, plausible, novel, sophisticated, insightful, crystal clear. Connects well with paper title.

Structure: Evident, understandable, appropriate for thesis. Excellent transitions from point to point. Paragraphs support solid topic sentences.

Use of evidence: Primary source information used to buttress every point with at least one example. Examples support mini-thesis and fit within paragraph. Excellent integration of quoted material into sentences. Demonstrates an in depth understanding of the ideas in the assigned reading and critically evaluates/responds to those ideas in an analytical, persuasive manner.

Analysis: Author clearly relates evidence to *****"mini-thesis*****" (topic sentence); analysis is fresh and exciting, posing new ways to think of the material. Work displays critical thinking and avoids simplistic description or summary of information.

Logic and argumentation: All ideas in the paper flow logically; the argument is identifiable, reasonable, and sound. Creates appropriate college level, academic tone.

Conclusion: The conclusion will draw together the initial position statement made at the opening of the paper and the points presented in the body of the paper.

Mechanics: Sentence structure, grammar, and diction are excellent; correct use of punctuation and citation style; minimal to no spelling errors; absolutely no run-on sentences or comma splices. Conforms in every way to format requirements.

Papers will be graded in accordance with the matrix attached to the syllabus.