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For more classes visit www.snaptutorial.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 ACC 541 Week 3 Individual Assignment Response to Client Request I – PowerPoint PPT presentation

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Title: ACC 541 help A Guide to career/Snaptutorial


1
ACC 541 help A Guide to career/ snaptutorial.com
The Best way to predict the Future is to create
it.....To Best way....
www.snaptutorial.com
2
ACC 541 help A Guide to career/ snaptutorial.com
ACC 541 Entire Course For more classes
visit www.snaptutorial.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 ACC 541 Week 3 Individual Assignment
Response to Client Request I ACC 541 Week 3 DQ 1
3
ACC 541 help A Guide to career/ snaptutorial.com
ACC 541 Week 1 DQ 1 For more classes
visit www.snaptutorial.com   Week 1 DQ 1 What
is the importance of the mission of the FASB?
4
ACC 541 help A Guide to career/ snaptutorial.com
ACC 541 Week 1 DQ 2 For more classes
visit www.snaptutorial.com   Week 1 DQ 2 Under
current GAAP, goodwill is recorded when purchased.
5
ACC 541 help A Guide to career/ snaptutorial.com
ACC 541 Week 1 Individual Assignment Accounting
Standards Boards Paper For more classes
visit www.snaptutorial.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 A brief
history of the relationship between the two
boards and the IASB equivalents of the FASB
original pronouncements An explanation
of how the MSA program prepares the student for a
professional life within the accounting
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ACC 541 help A Guide to career/ snaptutorial.com
 ACC 541 Week 2 DQ 1 For more classes
visit www.snaptutorial.com Week 2 DQ 1 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
7
ACC 541 help A Guide to career/ snaptutorial.com
ACC 541 Week 2 DQ 2 For more classes
visit www.snaptutorial.com   Week 2 DQ 2 Under
current GAAP, goodwill is recorded when purchased.
8
ACC 541 help A Guide to career/ snaptutorial.com
ACC 541 Week 2 Individual Assignment Client
Understanding Paper For more classes
visit www.snaptutorial.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
Adjusting goodwill for impairment Write a 1,050-
to 1,400-word response that addresses your
clients questions.
9
ACC 541 help A Guide to career/ snaptutorial.com
ACC 541 Week 3 DQ 1 For more classes
visit www.snaptutorial.com   Week 3 DQ
1 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. Describe the change in accounting, if any,
when rental payments are not made on a
straight-line basis.
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ACC 541 help A Guide to career/ snaptutorial.com
ACC 541 Week 3 DQ 2 For more classes
visit www.snaptutorial.com     Week 3 DQ 2 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
the lease term is equal to 50 percent of the
estimated economic life of the machine. How
should Von classify each of the two leases? Why?
11
ACC 541 help A Guide to career/ snaptutorial.com
ACC 541 Week 3 Individual Assignment Response to
Client Request I For more classes
visit www.snaptutorial.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 help A Guide to career/ snaptutorial.com
ACC 541 Week 4 DQ 1 For more classes
visit www.snaptutorial.com     Week 4 DQ
1 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 help A Guide to career/ snaptutorial.com
ACC 541 Week 4 DQ 2 For more classes
visit www.snaptutorial.com     Week 4 DQ 2 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 help A Guide to career/ snaptutorial.com
ACC 541 Week 4 Individual Assignment Response to
Client Request II For more classes
visit www.snaptutorial.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, or if the mortgage is
rewritten, or if the mortgage will be rewritten
if he or she files Chapter 11.
15
ACC 541 help A Guide to career/ snaptutorial.com
ACC 541 Week 5 DQ 1 For more classes
visit www.snaptutorial.com   Week 5 DQ
1 Explain operating segments of an enterprise.
16
ACC 541 help A Guide to career/ snaptutorial.com
ACC 541 Week 5 DQ 2 For more classes
visit www.snaptutorial.com   Week 5 DQ 2 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 help A Guide to career/ snaptutorial.com
ACC 541 Week 5 Individual Assignment Reporting
Paper For more classes visit www.snaptutorial.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. Write a 700- to 1,050-word executive
memo that explains the required reporting for
defined contribution, defined benefit, and other
postretirement plans. Also include an explanation
of what must happen for the two segments to be
eliminated. (You do not need to know details
about the segments to answer this.)
18
ACC 541 help A Guide to career/ snaptutorial.com
ACC 541 Week 6 DQ 1 For more classes
visit www.snaptutorial.com   Week 6 DQ 1 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 help A Guide to career/ snaptutorial.com
ACC 541 Week 6 DQ 2 For more classes
visit www.snaptutorial.com   Week 6 DQ 2 What
type of accounting or which area of accounting
are you planning to enter as your profession? Why?
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ACC 541 help A Guide to career/ snaptutorial.com
ACC 541 Week 6 Team Assignment Auditing a
Publicly Traded Company For more classes
visit www.snaptutorial.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). Pay
particular attention to
21
ACC 541 help A Guide to career/ snaptutorial.com
The Best way to predict the Future is to create
it.....To Best way....
www.snaptutorial.com
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