ACC 541 Something Great /newtonhelp.com

1
ACC 541 Education Begins/newtonhelp.com
2
ACC 541 Entire Course

• For more course tutorials visit
• 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

• For more course tutorials visit
• www.newtonhelp.com
•  
•  
• 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

• For more course tutorials visit
• www.newtonhelp.com
•  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

• For more course tutorials visit
• www.newtonhelp.com
• Week 1 DQ 1
• What is the importance of the mission of the
  FASB?
•  
•  

6
ACC 541 Week 1 DQ 2

• For more course tutorials visit
• www.newtonhelp.com
•  Under current GAAP, goodwill is recorded when
  purchased.
•  

7
ACC 541 Week 1 Recommendation for Accounting
Rules and Standard

• For more course tutorials visit
• www.newtonhelp.com
• ACC 541 Week 1 Recommendation for Accounting
  Rules and Standard
•  
•  

8
ACC 541 Week 2 DQ 1

• For more course tutorials visit
• www.newtonhelp.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 lease.)
•  

9
ACC 541 Week 2 DQ 2

• For more course tutorials visit
• www.newtonhelp.com 
• Week 2 DQ 2
• Under current GAAP, goodwill is recorded when
  purchased.
•  

10
ACC 541 Week 2 Team IFRS or GAAP Recommendation

• For more course tutorials visit
• www.newtonhelp.com
•  
• 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

• For more course tutorials visit
• www.newtonhelp.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.
•  
•  

12
ACC 541 Week 3 DQ 2

• For more course tutorials visit
• www.newtonhelp.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  
•  

13
ACC 541 Week 4 Assignment Codification Research
Case (Ch 18- Revenue Recognition)

• For more course tutorials visit
• www.newtonhelp.com
•  
• 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

• For more course tutorials visit
• www.newtonhelp.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?

15
ACC 541 Week 4 DQ 2

• For more course tutorials visit
• www.newtonhelp.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.
•  
•  

16
ACC 541 Week 4 Team Memo to Client

• For more course tutorials visit
• www.newtonhelp.com
• 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

• For more course tutorials visit
• www.newtonhelp.com
• Week 5 DQ 1
• Explain operating segments of an enterprise.
•  

18
ACC 541 Week 5 DQ 2

• For more course tutorials visit
• www.newtonhelp.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.
•  
•  

19
ACC 541 Week 5 TeamMemo Fair Value Reporting and
Pension Plan (2 Papers)

• For more course tutorials visit
• www.newtonhelp.com
•  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

• For more course tutorials visit
• www.newtonhelp.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.

21
ACC 541 Week 6 DQ 2

• For more course tutorials visit
• www.newtonhelp.com
•  
• 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