ACC 541 Course Future Starts / acc541dotcom

1
ACC 541 Course Future Starts / acc541.com
The Best way to predict the Future is to create
it.....To Best way....
www.acc541.com
2
ACC 541 Course Future Starts / acc541.com
ACC 541 Entire Course For more course tutorials
visit www.acc541.com   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
3
ACC 541 Course Future Starts / acc541.com
ACC 541 Week 1 DQ 1 For more course tutorials
visit www.acc541.com   What is the importance of
the mission of the FASB?
4
ACC 541 Course Future Starts / acc541.com
ACC 541 Week 1 DQ 2 For more course tutorials
visit www.acc541.com   Under current GAAP,
goodwill is recorded when purchased.
5
ACC 541 Course Future Starts / acc541.com
ACC 541 Week 1 Individual Assignment Accounting
Standards Boards Paper For more course tutorials
visit www.acc541.com 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. Write a 1,050- to
1,400-word paper describing the relationship
between the IASB and the FASB. Include the
following in your paper
6
ACC 541 Course Future Starts / acc541.com
ACC 541 Week 2 DQ 1 For more course tutorials
visit www.acc541.com   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.)
7
ACC 541 Course Future Starts / acc541.com
ACC 541 Week 2 DQ 2 For more course tutorials
visit www.acc541.com   Under current GAAP,
goodwill is recorded when purchased
8
ACC 541 Course Future Starts / acc541.com
ACC 541 Week 2 Individual Assignment Client
Understanding Paper For more course tutorials
visit www.acc541.com   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
Adjusting lower cost of market inventory on
valuation Capitalizing interest on
building construction Recording gain or
loss on asset disposal
9
ACC 541 Course Future Starts / acc541.com
ACC 541 Week 3 DQ 1 For more course tutorials
visit www.acc541.com   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 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.
10
ACC 541 Course Future Starts / acc541.com
ACC 541 Week 3 DQ 2 For more course tutorials
visit www.acc541.com   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.
11
ACC 541 Course Future Starts / acc541.com
ACC 541 Week 3 Individual Assignment Response to
Client Request I For more course tutorials
visit www.acc541.com 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 trailers20 more than the
trucking company currently owns. The client is
uncertain how long the relationship with the
customer may last, but the deal has the potential
for significant growth.
12
ACC 541 Course Future Starts / acc541.com
ACC 541 Week 4 DQ 1 For more course tutorials
visit www.acc541.com   Discuss contingencies and
how they are reported on financial statements.
What conditions must be met before a contingency
can be charged against income?
13
ACC 541 Course Future Starts / acc541.com
ACC 541 Week 4 DQ 2 For more course tutorials
visit www.acc541.com   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 how the two
basic requirements for accrual of a loss
contingency relate to the four concepts listed
above.
14
ACC 541 Course Future Starts / acc541.com
ACC 541 Week 4 Individual Assignment Response to
Client Request II For more course tutorials
visit www.acc541.com   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 has also informed you that by losing the
lawsuit, he or she anticipates losing the
mortgage and has started talking to a mortgage
lender. The client wants to know if part of the
debt is forgiven,
15
ACC 541 Course Future Starts / acc541.com
ACC 541 Week 5 DQ 1 For more course tutorials
visit www.acc541.com   Explain operating segments
of an enterprise.
16
ACC 541 Course Future Starts / acc541.com
ACC 541 Week 5 DQ 2 For more course tutorials
visit www.acc541.com   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.
17
ACC 541 Course Future Starts / acc541.com
ACC 541 Week 5 Individual Assignment Reporting
Paper For more course tutorials
visit www.acc541.com 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.
18
ACC 541 Course Future Starts / acc541.com
ACC 541 Week 6 DQ 1 For more course tutorials
visit www.acc541.com 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.
19
ACC 541 Course Future Starts / acc541.com
ACC 541 Week 6 DQ 2 For more course tutorials
visit www.acc541.com What type of accounting or
which area of accounting are you planning to
enter as your profession? Why?
20
ACC 541 Course Future Starts / acc541.com
ACC 541 Week 6 Team Assignment Auditing a
Publicly Traded Company For more course tutorials
visit www.acc541.com   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. Research
share-based payment reporting and SPE reporting
individually. Write a 700- to 1,050-word
executive memo as a team that includes a
description of what you will look for to see if
the client is consistent with the generally
accepted accounting principles (GAAP).
21
ACC 541 Course Future Starts / acc541.com
The Best way to predict the Future is to create
it.....To Best way....
www.acc541.com