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ACC 541 Education Begins/newtonhelp.com

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For more course tutorials visit uophelp.com is now newtonhelp.com www.newtonhelp.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 – PowerPoint PPT presentation

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Title: ACC 541 Education Begins/newtonhelp.com


1
ACC 541 Education Begins/newtonhelp.com
2
ACC 541 Entire Course
  • For more course tutorials visit
  • uophelp.com is now newtonhelp.com
  • www.newtonhelp.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  
  •  

3
ACC 541 Final Exam
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  •  
  •  
  • Question 54 The omission of the adjusting entry
    to record depreciation expense will result in an
  • Question 84 What should be the balance of
    retained earnings at December 31, 2017?
  •  

4
ACC 541 Midterm Exam
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  •  Question 21 Generally accepted accounting
    principles
  • Question 47 Which of the following does not
    relate to relevance?
  • Question 34 The difference between the
    accounting process and the accounting cycle is
  •  

5
ACC 541 Week 1 DQ 1
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  • Week 1 DQ 1
  • What is the importance of the mission of the
    FASB?
  •  
  •  

6
ACC 541 Week 1 DQ 2
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  •  Under current GAAP, goodwill is recorded when
    purchased.
  •  

7
ACC 541 Week 1 Recommendation for Accounting
Rules and Standard
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  • ACC 541 Week 1 Recommendation for Accounting
    Rules and Standard
  •  
  •  

8
ACC 541 Week 2 DQ 1
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  • 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 lease.)
  •  

9
ACC 541 Week 2 DQ 2
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  • Week 2 DQ 2
  • Under current GAAP, goodwill is recorded when
    purchased.
  •  

10
ACC 541 Week 2 Team IFRS or GAAP Recommendation
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  • Client X operates in the US currently and is
    planning to expand operations globally next year.
    As a result, management is considering preparing
    financial statements in accordance with IFRS
    rather than with US GAAP.
  •  

11
ACC 541 Week 3 DQ 1
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  • 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.
  •  
  •  

12
ACC 541 Week 3 DQ 2
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  • 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  
  •  

13
ACC 541 Week 4 Assignment Codification Research
Case (Ch 18- Revenue Recognition)
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  •  
  • What are at least three International Accounting
    Standards? Are these standards the same as U.S.
    standards? Explain your response. Is it necessary
    to have global standards? Explain your response.
  •  

14
ACC 541 Week 4 DQ 1
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  • 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?

15
ACC 541 Week 4 DQ 2
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  • 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.
  •  
  •  

16
ACC 541 Week 4 Team Memo to Client
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  • Debate with your team the Codification Research
    Case. Have half the team support the sales
    manager's position and another part of the team
    support the CFOs position.
  •  
  •  
  •  

17
ACC 541 Week 5 DQ 1
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  • Week 5 DQ 1
  • Explain operating segments of an enterprise.
  •  

18
ACC 541 Week 5 DQ 2
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  •  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.
  •  
  •  

19
ACC 541 Week 5 TeamMemo Fair Value Reporting and
Pension Plan (2 Papers)
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  •  Discuss the research results with your team, and
    come to a consensus.
  • Additionally, the client is considering offering
    a pension plan to its employees next year.
  • Discuss reporting requirements for defined
    contribution and defined benefit.
  • Write a 350-to 525-memo to the client explaining
    the essence of fair value reporting and
    identifying primary concerns associated with it.
    Make a recommendation to the client as to which
    type of pension plan they should implement and
    why.

20
ACC 541 Week 6 DQ 1
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  • 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.

21
ACC 541 Week 6 DQ 2
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  • Week 6 DQ 2
  • What type of accounting or which area of
    accounting are you planning to enter as your
    profession? Why?

22
ACC 541 Education Begins/newtonhelp.com
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