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The language of accounting, C1

  •  English    17     Public
    Controversial discussion questions using the TL of ESL brains' worksheet entitled 'the language of accounting'
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  • Should companies be allowed to accrue revenue that has not yet been received, or does the accrual system make financial statements less transparent?
  •  15
  • Is it ethical for firms to classify intangible items like user data as an asset, given the privacy concerns involved?
  •  15
  • Should external audits be mandatory every year for all companies, even small businesses, to prevent fraud? Why/not?
  •  15
  • Do financial benchmarks encourage healthy competition, or do they push companies toward short-term thinking and risky behavior?
  •  15
  • Has the growing cost of regulatory compliance made it too difficult for startups to comply and compete with large corporations?
  •  15
  • Should wealthy individuals be allowed to deduct large charitable donations, or do such deductions mainly benefit the rich?
  •  15
  • Do current depreciation rules allow companies to manipulate profits legally?
  •  15
  • Is strict fiscal discipline more important than government spending during an economic downturn? Why/not?
  •  15
  • Should executives be personally responsible for losses their companies incur due to reckless decisions? If so, who would benefit from this?
  •  15
  • With blockchain technology emerging, will traditional accounting ledgers become obsolete?
  •  15
  • Should CEOs face personal liability when their companies are involved in major financial scandals? What are the pitfalls of this?
  •  15
  • In a crisis, should governments step in to provide liquidity, or should failing firms be forced to liquidate?
  •  15
  • Is aggressive management of accounts receivable a smart cash strategy, or does it damage long-term customer relationships?
  •  15
  • Should companies be legally required to reconcile their sustainability claims with verified financial data?
  •  15
  • Should multinational corporations pay tax where profits are generated, even if the income is not legally taxable there?
  •  15
  • When companies accrue large future liabilities (like pensions), are they being transparent enough with investors?
  •  15