I need help with a Accounting question. All explanations and answers will be used to help me learn.

Team Assignment – What happened?

Choose a major company that suffered a major loss in the last 5 years. (JCPenney)

(must be a publically held company)

    1. Describe what happened
      1. Magnitude
      2. Specific causes
      3. Effect on company
    2. What evidence of the potential problem (that you described above) was available in public reports prior to occurrence?
      1. Annual reports
      2. 10-k
      3. Analyst reports
      4. Company statements relating to risk
      5. Financial news services (Bloomberg, Reuters, etc.)
      6. Value-at-Risk or other metrics

What revisions to regulatory reporting requirements would be useful to more clearly reveal these types of problems in advance?

Two paragraphs is enough.

Thank you.



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