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ACC 541 Course Begins Education /
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• ACC 541 Entire Course

• ACC 541 Week 1 DQ 1

• 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
• ACC 541 Week 2 DQ 2

• What is the importance of the mission of the
  FASB?

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• ACC 541 Week 1 DQ 2

• ACC 541 Week 1 Individual Assignment Accounting
  Standards Boards Paper

• Under current GAAP, goodwill is recorded when
  purchased.

• 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.

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• ACC 541 Week 2 DQ 1

• ACC 541 Week 2 DQ 2

• 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.)

• Under current GAAP, goodwill is recorded when
  purchased.

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• ACC 541 Week 2 Individual Assignment Client
  Understanding Paper

• ACC 541 Week 3 DQ 1

•          Adjusting lower cost of market
  inventory on valuation
•          Capitalizing interest on building
  construction
•          Recording gain or loss on asset
  disposal
•          Adjusting goodwill for impairment
• Write a 1,050- to 1,400-word response that
  addresses your clients questions.

• Describe how an operating lease would be
  accounted for by the lessee both at the inception
  of the lease and during the first year of the
  lease, assuming the lessee makes equal monthly
  payments at the beginning of each month of the
  lease. Describe the change in accounting, if any,
  when rental payments are not made on a
  straight-line basis.

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• ACC 541 Week 3 DQ 2

• ACC 541 Week 3 Individual Assignment Response to
  Client Request I

• 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 of the
  estimated economic life of the machine. The
  second lease contains a bargain purchase option

• While working on a consulting engagement, a
  supervisor in your team has given you an
  assignment. The client is a regional trucking
  company. A new customer has approached the client
  with an opportunity that would require 120
  trailers 20 more than the trucking company
  currently owns.

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• ACC 541 Week 4 DQ 1

• ACC 541 Week 4 DQ 2

• Discuss contingencies and how they are reported
  on financial statements. What conditions must be
  met before a contingency can be charged against
  income?

• 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.

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• ACC 541 Week 4 Individual Assignment Response to
  Client Request II

• ACC 541 Week 5 DQ 1

• 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. The client wants to know if
  part of the debt is forgiven, or if the mortgage
  is rewritten, or if the mortgage

• Explain operating segments of an enterprise.

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• ACC 541 Week 5 DQ 2

• ACC 541 Week 5 Individual Assignment Reporting
  Paper

• The concept of adequate disclosure continues to
  be one of the most important issues facing
  accountants, and disclosure may take various
  forms.
• Discuss the various forms of disclosure available
  in published financial statements.

• 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. Both of
  these reporting issues are new to your CEO, and
  your CEO wants to eliminate the segments.

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• ACC 541 Week 6 DQ 1

• ACC 541 Week 6 DQ 2

• A corporation may use stock splits and stock
  dividends to change the number of shares of its
  stock outstanding.
• From an accounting viewpoint, explain how the
  stock split effected in the form of a dividend
  differs from an ordinary stock dividend.

• What type of accounting or which area of
  accounting are you planning to enter as your
  profession? Why?

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• ACC 541 Week 6 Team Assignment Auditing a
  Publicly Traded Company

• 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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