based on the “Buffetts Alpha” article.
Here are the specific questions:

1  Working from the introduction of the paper, compose a 2 paragraph summary of the papers main points and interpretations as to the nature and sources of Buffetts success. Wherever possible, be specific about the evidence that supports the points.

2  Describe the key takeaways from Table 1, supported by specific references to numbers. Especially focus on the information ratio evidence, and be sure to demonstrate that you understand what information ratio is all about.

3  Explain Table 2 in some detail. Be sure to discuss performance overall, style portfolio, long-only style portfolio, and also Berskire, private, and public holdings. What is the big picture message and what do your specific discussions of these items add to the big picture?

4  Explain how the authors assess/measure Buffetts use of leverage, how they assess his cost of leverage in Table 3, and what the numbers tell us.

See attached document for full details…..citation MUST include from the classroom textbook (in the attached documents is the textbook information)

Checklist: Based on the scenario

Develop a systematic process for solving the group problem that you would recommend to the
team. Explain why this type of approach generally works best.

Explain how to identify the problem. Explain why it is important to get the discussion question
right, and what are some guidelines for doing so.

Determine some of the characteristics of problems. Identify some specific techniques or
modifications that you would make to the basic problem-solving process to accommodate the specific situation.

Report the tools that can assist with the group problem-solving, including group support systems.
Explain how to use P-MOPS.

Make sure your essay includes the following.

  Introduce your topic.
  Respond to the checklist items in this Assignment and provide support for your responses as appropriate.
  Provide a conclusion.
  Write your paper in a clear and articulate manner using Standard English.
  Ensure it is well-organized, logical, and unified, and that your work is original and insightful.   Use APA formatting and citation style for your paper.
  Respond in a 23-page paper with a separate title and reference page.
  Provide at least two quality references IN ADDITION TO the textbook, for a total of AT LEAST THREE.

The attached Appendix and Sample shows the layout that needs to be followed. Exhibits 1, 2, and 3 have already been completed. Exhibits 4, 5, and 6 will still need to be completed. The first 2 pages will be the table of contents. The paper will start on the third page. Thank you in advance

Assignment 2: Accounting Quality

Based on the requirements of the Sarbanes-Oxley Act and SEC reporting requirements for publicly traded companies,

Write a four to five (4-5) page paper in which you:

1. Evaluate the critical elements of accounting quality. Compare and contrast balance sheet quality with earnings quality. Explain why both are important to financial statement readers.

2. Share one example of earnings management, explaining how it might be perpetrated and ways that investors might detect such behavior.

3. Examine the role of the executive leadership team (e.g., CEO and CFO) in establishing an ethical environment and corporate culture that promotes high quality financial reporting.

4. Assess the potential consequences for a publicly traded company when accounting quality is inadequate. Explain how management might minimize those consequences.

5. Evaluate the requirements of the Sarbanes-Oxley Act regarding accounting quality, indicating whether the current provisions are adequate to protect stakeholders. Support your position.

6. Use at least five (5) quality academic resources in this assignment. Note:Wikipedia and similar websites do not qualify as academic resources.

The specific course learning outcomes associated with this assignment are:
Assess the framework and reporting requirements of the Securities and Exchange Commission (SEC), U.S. Generally Accepted Accounting Principles (GAAP), International Financial Reporting Standards (IFRS), and the Sarbanes-Oxley Act for publicly traded companies.
Evaluate the quality of accounting information for an organization, including the economic content and earnings sustainability.