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    Refining The Research Process

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    Arnel Remorin
    This document discusses refining the research process for accountants. It covers identifying issues to research, collecting relevant evidence and authorities, analyzing results and alternatives, developing conclusions, and communicating results. Key steps include precisely defining problems, using systematic research methods, applying professional judgment, and citing authorities to support conclusions. The document also stresses the importance of remaining current on new regulations and skills for passing the CPA exam.

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    Refining The Research Process

    Uploaded by

    Arnel Remorin
    19 views12 pages
    This document discusses refining the research process for accountants. It covers identifying issues to research, collecting relevant evidence and authorities, analyzing results and alternatives, developing conclusions, and communicating results. Key steps include precisely defining problems, using systematic research methods, applying professional judgment, and citing authorities to support conclusions. The document also stresses the importance of remaining current on new regulations and skills for passing the CPA exam.

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    This document discusses refining the research process for accountants. It covers identifying issues to research, collecting relevant evidence and authorities, analyzing results and alternatives, developing conclusions, and communicating results. Key steps include precisely defining problems, using systematic research methods, applying professional judgment, and citing authorities to support conclusions. The document also stresses the importance of remaining current on new regulations and skills for passing the CPA exam.

    Copyright:

    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    19 views12 pages

    Refining The Research Process

    Uploaded by

    Arnel Remorin
    This document discusses refining the research process for accountants. It covers identifying issues to research, collecting relevant evidence and authorities, analyzing results and alternatives, developing conclusions, and communicating results. Key steps include precisely defining problems, using systematic research methods, applying professional judgment, and citing authorities to support conclusions. The document also stresses the importance of remaining current on new regulations and skills for passing the CPA exam.

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    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    of 12

    Chapter 9

    Refining the
    Research
    Learning Objectives

    Overview of the Research Process


    Identifying the problems to research
    Collecting the evidence
    Evaluating the research results
    Develop the conclusions
    Communicating well reasoned results
    Remaining current
    International complexities
    Skills needed for the CPA Exam
    Overview of Research
    Process
    1. Investigate the facts and identify
    issues
    2. Collect the appropriate authorities
    3. Analyze the research
    4. Develop the reasoning and conclusions
    5. Communicate the results
    1. Identify the Issues or
    Problems
    Preliminarily identify the problem
    Text: Can Sony write down or amortize
    goodwill?
    Search is amortization allowed? Is this
    related to reporting or to tax? What
    facts will be needed? Have laws
    changed? What has Sony experienced to
    warrant the question?
    1. Identify the Issues
    or Problems (contd.)

    Analyze the problem


    What does the client really want to know?

    Refine the problem statements


    Greater precision
    Include critical facts and authority at issue
    2. Collect the Evidence

    Identify keywords for research


    Use a careful and systematic research
    approach
    Sometimes use a diagram
    citations will often lead to other
    relevant literature.
    Locate and examine the relevant
    authorities
    Review insightful non-authoritative
    sources
    3. Analyze Results &
    Alternatives
    Exercise professional judgment.
    Organize the authorities logically.
    Keep any hierarchy of authorities in mind.
    Cite the specific location where the authorities
    are found, not a summary of the information.
    Apply the authorities to any
    alternatives.
    Evaluate the quality and quantity of support
    for each alternative.
    Document why an alternative was not used.
    4. Develop the Conclusion

    Use well reasoned, well-supported


    evidence, and professional judgment
    to develop a conclusion.
    Answer each question asked.
    Develop a conclusion for each issue!
    Conclusion is often placed after the
    issue.
    5. Communicate the
    Results
    A letter should summarize bottom-line
    results and provide advice to the client.
    Supporting documentation or a memo
    provides the complete analysis.
    State the facts and issues or problems.
    Summarize the conclusion.
    Reference your authorities along with a
    summary of the relevant parts of the
    literature.
    Some firms will attach the memo,
    while others just retain it in the client file.
    Remain Current
    Remain current in knowledge
    Use checklists
    Summarize new authorities
    Read newsletters (FASB, GASB, the CPA
    letter) periodicals, your firms weekly updates,
    the Wall Street Journal and others.
    Check database updates
    Browse relevant websites
    Remain current in skills, such as research
    Professional accounting world
    continues to evolve
    Skills for the CPA Exam
    Knowledge and Understanding
    (50%)
    Knowledge via education or experience
    Understanding, such as using concepts
    Application Skills (30% - 40%)
    Professional Judgment
    Research
    Analysis, such as whether compliance exists
    Synthesis, such as for evaluating alternatives
    Technological competencies
    Skills for the CPA
    Exam (contd.)

    Communication Skills (10% -


    20%)
    Oral and Written
    Graphical and supervisory skills

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