ACC 541 Course Real Tradition,Real Success / acc541dotcom

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ACC 541 Course Real Knowledge / acc541dotcom
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ACC 541 Course Real Knowledge / acc541dotcom
ACC 541 Week 1 DQ 1
ACC 541 Entire Course
What is the importance of the mission of the FASB?
ACC 541 Week 1 Individual Assignment Accounting
Standards Boards Paper ACC 541 Week 1 DQ 1 ACC
541 Week 1 DQ 2 ACC 541 Week 2 Individual
Assignment Client Understanding Paper ACC 541
Week 2 DQ 1
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ACC 541 Course Real Knowledge / acc541dotcom
ACC 541 Week 1 Individual Assignment Accounting
ACC 541 Week 1 DQ 2
The International Accounting Standards Board
(IASB) and the Financial Accounting Standards
Board (FASB) are currently working on a joint
venture referred to as the convergence project.
Under current GAAP, goodwill is recorded when
purchased.
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ACC 541 Course Real Knowledge / acc541dotcom
ACC 541 Week 2 DQ 2
ACC 541 Week 2 DQ 1
Under current GAAP, goodwill is recorded when
purchased
What are the four criteria used for determining
if a lease is to be treated as a capital lease?
(This question can be expanded to discuss the
income statement and balance sheet implications
of both a capital lease and an operating lease.)
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ACC 541 Course Real Knowledge / acc541dotcom
ACC 541 Week 3 DQ 1
ACC 541 Week 2 Individual Assignment
Capital leases and operating leases are the two
classifications of leases described in FASB
pronouncements from the standpoint of the
lessee.Describe how an operating lease would be
accounted for by the lessee both
As a newly hired Staff I, you are responsible for
analyzing the work papers for one of the clients
of your organization. Your client is not clear
about why you are asking for information on the
following topics
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ACC 541 Course Real Knowledge / acc541dotcom
ACC 541 Week 3 Individual Assignment Response
ACC 541 Week 3 DQ 2
While working on a consulting engagement, a
supervisor in your team has given you an
assignment. The client is a regional trucking
company.
On January 1, 2006, Von Company entered into two
noncancelable leases for new machines to be used
in its manufacturing operations. The first lease
does not contain a bargain purchase option the
lease term is equal to 80 percent
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ACC 541 Course Real Knowledge / acc541dotcom
ACC 541 Week 4 DQ 2
ACC 541 Week 4 DQ 1
The two basic requirements for the accrual of a
loss contingency are supported by several basic
concepts of accounting. Four of these concepts
are periodicity (time periods), measurement,
objectivity, and relevance
Discuss contingencies and how they are reported
on financial statements. What conditions must be
met before a contingency can be charged against
income?
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ACC 541 Course Real Knowledge / acc541dotcom
ACC 541 Week 5 DQ 1
ACC 541 Week 4 Individual Assignment
Explain operating segments of an enterprise.
Your client is being sued. You have asked the
clients lawyer about the possibility of losing
the lawsuit. The client, meanwhile, has asked you
to describe what would happen to his or her
financial statements.
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ACC 541 Course Real Knowledge / acc541dotcom
ACC 541 Week 5 Individual Assignment Reporting
ACC 541 Week 5 DQ 2
You are a controller in a midsized manufacturing
company that has acquired 100 of another
company. The acquired company includes two
segments and two different pension plans.
The concept of adequate disclosure continues to
be one of the most important issues facing
accountants, and disclosure may take various
forms.
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ACC 541 Course Real Knowledge / acc541dotcom
ACC 541 Week 6 DQ 2
ACC 541 Week 6 DQ 1
What type of accounting or which area of
accounting are you planning to enter as your
profession? Why?
A corporation may use stock splits and stock
dividends to change the number of shares of its
stock outstanding.
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ACC 541 Course Real Knowledge / acc541dotcom
ACC 541 Week 6 Team Assignment Auditing

As a Staff I assigned to the audit of a publicly
traded company, your senior has asked you to
evaluate both share-based payment reporting and
special purpose entities (SPE) reporting for the
company.
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ACC 541 Course Real Knowledge / acc541dotcom
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