ACC 541 Think Big/newtonhelp.com

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ACC 541 Think Big/newtonhelp
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ACC 541 Think Big/newtonhelp

• ACC 541 Entire Course
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• 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

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ACC 541 Think Big/newtonhelp

• ACC 541 Final Exam
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•  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?

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ACC 541 Think Big/newtonhelp

• 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

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ACC 541 Think Big/newtonhelp

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

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ACC 541 Think Big/newtonhelp

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

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ACC 541 Think Big/newtonhelp

• ACC 541 Week 1 Recommendation for Accounting
  Rules and Standard
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• ACC 541 Week 1 Recommendation for Accounting
  Rules and Standard
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ACC 541 Think Big/newtonhelp

• 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.)

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ACC 541 Think Big/newtonhelp

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

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ACC 541 Think Big/newtonhelp

• 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.
• Client X contacted you for clarification and
  recommendations regarding the following issues

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ACC 541 Think Big/newtonhelp

• 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.
• 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,

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ACC 541 Think Big/newtonhelp

• 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

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ACC 541 Think Big/newtonhelp

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

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ACC 541 Think Big/newtonhelp

• 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?

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ACC 541 Think Big/newtonhelp

• 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.

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ACC 541 Think Big/newtonhelp

• 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.
• 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.

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ACC 541 Think Big/newtonhelp

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

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ACC 541 Think Big/newtonhelp

• 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.

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ACC 541 Think Big/newtonhelp

• 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.

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ACC 541 Think Big/newtonhelp

• 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.

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ACC 541 Think Big/newtonhelp

• 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?

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ACC 541 Think Big/newtonhelp