ACC 573 NERD Possible Is Everything / acc573nerd.com

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ACC 573 NERD Possible Is Everything /
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ACC 573 NERD Possible Is Everything /
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ACC 573 Final Exam Guide FOR MORE CLASSES
VISIT www.acc573nerd.com 1. To calculate a
company's average tax rate an analyst would 2.
The accumulated benefit obligation measures 3.
The major difference between accounting for
pensions and the accounting for other
postretirement benefits is that firms 4.
Which of the following is not part of the balance
sheet approach when computing income tax
expense? 5. The assessment of earnings
quality is best accomplished through the use of
which one of the following? 6. Firm's
choices and estimates within U.S. GAAP should be
determined by 7. The date on which a firm
commits itself to a formal plan to dispose of a
segment is the 8. Which of the following
statements does not apply to preventing garbage
in, garbage out when implementing a forecasting
game plan 9. Nichols and Wahlen's 2004 study
showed that superior forecasting provides the
potential to earn superior security returns.
Nichols and Wahlen's findings indicate
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ACC 573 NERD Possible Is Everything /
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ACC 573 Midterm Exam Guide FOR MORE CLASSES
VISIT www.acc573nerd.com ACC 573 Midterm Exam
Guide 1. The two categories of shareholders'
equity usually found on the balance sheet of a
corporation are 2. When a firm attempting to
create unique products or services for particular
market niches, in order to achieve relatively
high profit margins, this is best known as 3.
Which of the following economic characteristics
is consistent with a pharmaceutical company? 4.
Which of the following economic
characteristics is consistent with a commercial
bank? 5. Which of the following assets
appears on the balance sheet at fair value? 6.
The use of acquisition cost as a valuation
method is justified on the basis that acquisition
cost is 7. U.S. GAAP, IFRS, and other major
accounting standards are best characterized as
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ACC 573 NERD Possible Is Everything /
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ACC 573 Week 1 DQ 1 FOR MORE CLASSES
VISIT www.acc573nerd.com Based on your review of
the SEC reporting requirements as outlined in the
Sarbanes-Oxley Act, assess the adequacy of the
reporting requirements for providing credible
financial and operating information for company
stakeholders and potential investors, indicating
any gaps identified in the reporting. Provide
support for your rationale.
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ACC 573 NERD Possible Is Everything /
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ACC 573 Week 1 DQ 2 FOR MORE CLASSES
VISIT www.acc573nerd.com Assess how the GAAP and
IFRS convergence project has impacted SEC
reporting requirements, predicting the long-term
impact of the convergence on reporting. Provide a
rationale for your prediction.
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ACC 573 NERD Possible Is Everything /
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ACC 573 Week 2 DQ 1 FOR MORE CLASSES
VISIT www.acc573nerd.com As a CFO of a publically
traded company, suggest how you would create an
ethical environment to ensure account balances
are correctly valued and reported so that
information is reliable for users. Provide
support for your rationale. Assess the ethical
requirements as outlined in the Sarbanes-Oxley
Act, indicating whether or not you believe the
requirements are adequate to ensure integrity in
financial accounting and reporting activities.
Suggest improvements that may be needed while
providing support for your rationale.
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ACC 573 NERD Possible Is Everything /
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ACC 573 Week 2 DQ 2 FOR MORE CLASSES
VISIT www.acc573nerd.com In todays business
environment where publicly traded companies feel
pressure to meet short-term earnings
expectations, management may be tempted to
manage earnings. Assess how a financial
statement user may be able to detect managed
earnings when reviewing the firms balance sheet,
income statement, and cash-flow statement.
Indicate how a potential investor might interpret
these red-flags. Provide support for your
rationale. Assess how the Sarbanes-Oxley Act
addresses the concern of corporate managed
earnings, indicating whether or not you believe
the requirements within the Act are sufficient to
minimize these concerns. Provide support for your
rationale.
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ACC 573 NERD Possible Is Everything /
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ACC 573 Week 3 Assignment 1 Financial Statement
Restatement and Ethics FOR MORE CLASSES
VISIT www.acc573nerd.com   Write a two to three
(2-3) page paper in which you Assess the factors
that contributed to the financial statement
restatement, signifying the executive management
teams attitude toward the restatement. Suggest
how the restatement may have been avoided during
the initial reporting process. Explain the impact
to the companys stock price when the restatement
was released and to future earnings forecast,
indicating whether or not you believe the impact
to the stock price was justified. Evaluate the
restatement in terms of managements ethical
violations according to the requirements of the
Sarbanes-Oxley Act, providing recommendations to
management on how to avoid these problems in the
future. Provide support for your
recommendations. Use at least two (2) quality
academic resources in this assignment. Note
Wikipedia and other Websites do not quality as
academic resources.
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ACC 573 NERD Possible Is Everything /
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ACC 573 Week 3 DQ 1 FOR MORE CLASSES
VISIT www.acc573nerd.com As part of the
Sarbanes-Oxley Act, corporate officers are no
longer able to pass the buck of responsibility
for ensuring adequate controls over financial
statements and reporting activities thus ensuring
the accuracy of financial statements. Assess the
adequacy of the provisions contained within the
Act, indicating whether or not you believe
requirements will improve the accuracy of
financial statements and reporting. Provide
support for your rationale. Given the
requirements contained in the Act for CEO and
CFOs to certify the adequacy of controls and
financial statement accuracy, evaluate your
comfort level with this requirement should you
become a CFO of a publically traded company.
Provide support for your rationale.
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ACC 573 NERD Possible Is Everything /
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ACC 573 Week 4 DQ 1 FOR MORE CLASSES
VISIT www.acc573nerd.com Based on your review of
the current requirements of the SEC and FASB,
assess the adequacy of the guidelines for
ensuring the transparency of off-balance-sheet
transactions to investors, indicating where
improvements may still be needed. Provide support
for your rationale. As a CFO of a publically
traded company, evaluate the pros and cons of
using off-balance-sheet financing, including a
recommendation as to whether or not you support
using these types of arrangements. Provide
support for your recommendation.
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ACC 573 NERD Possible Is Everything /
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ACC 573 Week 4 DQ 2 FOR MORE CLASSES
VISIT www.acc573nerd.com Based on the information
found in the e-Activity, assess the key
differences between U.S. GAAP and IFRS reporting
for the testing of asset impairment and the
requirement to write down the asset value.
Indicate whether or not you support the U.S. GAAP
or IFRS approach. Provide support for your
position. As an investor, recommend a strategy
for evaluating long-lived asset values contained
on the balance sheet of a publically traded
company so as to minimize the risk to the
investor. Provide support for your strategy.
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ACC 573 NERD Possible Is Everything /
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ACC 573 Week 5 DQ 1 FOR MORE CLASSES
VISIT www.acc573nerd.com Create an argument for
the use of Fair Market Accounting as opposed to
historical cost. Provide support for your
argument. Evaluate the effectiveness of the
accounting principle guidelines for determining
the market value of an asset, indicating
improvements to these guidelines. Provide support
for your recommendations. Create an argument for
the use of Fair Market Accounting as opposed to
historical cost. Provide support for your
argument.
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ACC 573 NERD Possible Is Everything /
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ACC 573 Week 5 DQ 2 FOR MORE CLASSES
VISIT www.acc573nerd.com Assess the risks
associated with derivatives instruments,
indicating how these risks may be minimized for a
publically traded company. Provide support for
your rationale. As an investor, assess the
potential financial concerns to be raised when
reviewing the financial statements of a
publically traded company containing derivative
instruments providing a recommendation for how
the concerns may be identified and addressed. we
have to get ACC 573 DQs tomorrow and ACC 575 all
quizzes one assignment
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ACC 573 NERD Possible Is Everything /
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ACC 573 Week 6 DQ 1 FOR MORE CLASSES
VISIT www.acc573nerd.com The Sarbanes-Oxley (SOX)
Act was created with the intent of improving the
quality of accounting, reliability of financial
statements to investors, and providing oversight
to accounting professionals through the creation
of a new federal agency, Public Accounting
Company Oversight Board (PACOB). Create an
argument supporting whether SOX achieved these
goals, and whether financial data reported today
is more accurate and reliable than prior to the
Act. Provide support for your rationale. Assess
the impact to the Public Accounting Profession
with the creation of the PACOB and the inability
of the profession to be self-regulated. Indicate
your level of support for the federal regulation
of the profession. Provide a rationale for your
response.
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ACC 573 NERD Possible Is Everything /
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ACC 573 Week 6 DQ 2 FOR MORE CLASSES
VISIT www.acc573nerd.com Assess the impact to
public trust when a publically traded company
restates its financial data, indicating how
negative impressions may be minimized. Provide
support for your rationale. Evaluate the current
trend of companies restating financial
statements. Indicate the key drivers of this
trend. Predict the trend over the next five
years, providing support for your rationale.
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ACC 573 NERD Possible Is Everything /
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ACC 573 Week 7 Assignment 2 Accounting
Quality FOR MORE CLASSES VISIT www.acc573nerd.com
Write a four to five (4-5) page paper in which
you Assess the roles of the Board of Directors
and Chief Executive Officer of a public company
for establishing an ethical environment that
generates quality accounting and reliable
financial reporting for use by shareholders and
investors. Provide support for your
assessment. Recommend a strategy for a CEO to
implement, leading to an ethical environment that
leads to high-quality accounting, reporting, and
forecasting. Provide support for your
recommendation. Suggest how corporate management
can provide assurances to investors that the
performance forecast and expected earnings will
be realized, minimizing the volatility of the
stock price. Provide support for your
suggestions. Evaluate the consequences to a
publically traded company when there is a lack of
quality within financial accounting and
reporting, indicating how these consequences may
be minimized. Provide support for your answer.
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ACC 573 NERD Possible Is Everything /
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ACC 573 Week 7 DQ 1 FOR MORE CLASSES
VISIT www.acc573nerd.com Assess the financial
performance forecasting process, identifying the
assumptions made that are most likely to cause a
gap between the forecast and actual performance.
Indicate how these gaps may be minimized. Provide
support for your rationale. Create an argument
supporting the value of forecasting to an
organization. Provide support for your argument
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ACC 573 NERD Possible Is Everything /
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ACC 573 Week 7 DQ 2 FOR MORE CLASSES
VISIT www.acc573nerd.com Assess the market and
shareholder behaviors when a publically traded
company makes the decision not to pay dividends
to its shareholders, suggesting how management
should react to these behaviors. Provide support
for your rationale. Evaluate the factors that
an investor may consider when deciding whether or
not to invest in a company with a policy of
non-dividend payments. Indicate whether or not
you believe this a prudent choice for some
investors. Provide support for your rationale.
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ACC 573 NERD Possible Is Everything /
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ACC 573 Week 8 DQ 1 FOR MORE CLASSES
VISIT www.acc573nerd.com Create an argument that
use of the present value free cash-flow method
has a more beneficial economic meaning than
earnings-based methods. Provide support for your
argument. Assess the challenges related to using
the present value of the free cash-flow valuation
method in practice, suggesting how each of these
challenges may be overcome. Provide support for
your rationale.
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ACC 573 NERD Possible Is Everything /
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ACC 573 Week 8 DQ 2 FOR MORE CLASSES
VISIT www.acc573nerd.com Assess how the free
cash-flow method can be used when a company is
profitable yet the cash-flow values are expected
to be negative over the next five years,
indicating the likely impact on the valuation.
Provide support for your rationale. Assess which
cash-flow variables are the most sensitive to
change and the likely impact on a firms
valuation. Provide support for your answer.
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ACC 573 NERD Possible Is Everything /
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ACC 573 Week 9 DQ 1 FOR MORE CLASSES
VISIT www.acc573nerd.com Create an argument
supporting that using the earnings-based
valuation method yields the most accurate
results. Provide support for your argument.
Assess the challenges related to using the
earnings-based valuation method in practice,
suggesting how each of these challenges may be
overcome. Provide support for your rationale
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ACC 573 NERD Possible Is Everything /
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ACC 573 Week 9 DQ 2 FOR MORE CLASSES
VISIT www.acc573nerd.com Evaluate the likely
impact on a firms valuation when using U.S. GAAP
versus IFRS accounting methods, indicating which
accounting standards you believe may yield a more
favorable result. Provide support for your
position. Determine how a firms valuation
using the earnings-based valuation method would
be impacted when using aggressive versus
conservative accounting. Provide evidence
supporting your conclusion.
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ACC 573 NERD Possible Is Everything /
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ACC 573 Week 10 Assignment 3 Company Valuation
(Facebook IPO) FOR MORE CLASSES
VISIT www.acc573nerd.com Write a five to six
(5-6) page paper in which you Evaluate the
valuation and method used to determine the
Initial Public Offering value of Facebook stock,
indicating any miscalculations in the valuation
that may have mislead potential investors and how
these errors may have been minimized. Provide
support for your response. Assess the performance
of the stock within the first year of the public
offering, indicating the drivers of the
performance and the resulting impact to the
company performance. Suggest an alternative
method of valuation for the company valuation
indicated and how it may have yielded a different
value and the potential resulting impact to
investor decision. Provide support for your
rationale.
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ACC 573 NERD Possible Is Everything /
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ACC 573 Week 10 DQ 1 FOR MORE CLASSES
VISIT www.acc573nerd.com Create an
argument supporting that using the market-based
valuation method yields the most accurate
results. Provide support for your argument.
Assess the challenges related to using the
market-based valuation method in practice,
suggesting how each of these challenges may be
overcome. Provide support for your rationale.
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ACC 573 NERD Possible Is Everything /
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