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ACC 541 Education Begins/newtonhelp.com

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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 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 – PowerPoint PPT presentation

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Title: ACC 541 Education Begins/newtonhelp.com


1
ACC 541 Education Begins/newtonhelp.com
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ACC 541 Education Begins/newtonhelp.com
  • 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 Week 2 DQ 1
  • ACC 541 Week 2 DQ 2

3
ACC 541 Education Begins/newtonhelp.com
  • ACC 541 Final Exam
  • For more course tutorials visit
  • www.newtonhelp.com
  • Question 95 Application of the full disclosure
    principle
  • 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?
  • Question 98 In Reese's December 31, 2017
    balance sheet,The current assets total is
  • Question 44 Which of the following statements
    is true?

4
ACC 541 Education Begins/newtonhelp.com
  • 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
  • Question 28 Which of the following tables would
    show the smallest value for an interest rate of
    5 for six periods?

5
ACC 541 Education Begins/newtonhelp.com
  • 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 Education Begins/newtonhelp.com
  • ACC 541 Week 1 DQ 2
  • For more course tutorials visit
  • www.newtonhelp.com
  • Week 1 DQ 2
  • Under current GAAP, goodwill is recorded when
    purchased.

7
ACC 541 Education Begins/newtonhelp.com
  • 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 Education Begins/newtonhelp.com
  • 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 Education Begins/newtonhelp.com
  • 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 Education Begins/newtonhelp.com
  • 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.
  • Client X contacted you for clarification and
    recommendations regarding the following issues
  • How the use of the LIFO method to value its
    inventories will be impacted if a switch to
    financial statements prepared in compliance with
    IFRS will be made.

11
ACC 541 Education Begins/newtonhelp.com
  • 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.
  • 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.

12
ACC 541 Education Begins/newtonhelp.com
  • 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 is equal to 50 percent of the
    estimated economic life of the machine.

13
ACC 541 Education Begins/newtonhelp.com
  • ACC 541 Week 4 Assignment Codification Research
    Case (Ch 18- Revenue Recognition)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • (a) What is the authoritative literature
    addressing revenue recognition when right of
    return exists?
  • (b) What is meant by right of return? Bill and
    hold?
  • (c) Describe the accounting when there is a right
    of return.
  • (d) When goods are sold on a bill-and-hold basis,
    what conditions must be met to recognize revenue
    upon receipt of the order?

14
ACC 541 Education Begins/newtonhelp.com
  • 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 Education Begins/newtonhelp.com
  • 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 Education Begins/newtonhelp.com
  • 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.
  • Present both sides and come to a consensus as a
    team. Additionally, the CFO at this company has
    asked for your guidance in evaluating leases.

17
ACC 541 Education Begins/newtonhelp.com
  • 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 Education Begins/newtonhelp.com
  • 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 Education Begins/newtonhelp.com
  • 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 Education Begins/newtonhelp.com
  • 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 Education Begins/newtonhelp.com
  • 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
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