ACC 573 NERD Fabulous Education--acc573nerd.com

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ACC 573 NERD Fabulous Education--acc573nerd.com
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ACC 573 NERD Fabulous Education--acc573nerd.com

• 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?
• 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

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ACC 573 NERD Fabulous Education--acc573nerd.com
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?
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ACC 573 NERD Fabulous Education--acc573nerd.com
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 Fabulous Education--acc573nerd.com
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 Fabulous Education--acc573nerd.com
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 Fabulous Education--acc573nerd.com
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.
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ACC 573 NERD Fabulous Education--acc573nerd.com
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.
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ACC 573 NERD Fabulous Education--acc573nerd.com
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.
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ACC 573 NERD Fabulous Education--acc573nerd.com
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.
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ACC 573 NERD Fabulous Education--acc573nerd.com
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.
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ACC 573 NERD Fabulous Education--acc573nerd.com
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.
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ACC 573 NERD Fabulous Education--acc573nerd.com
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.
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ACC 573 NERD Fabulous Education--acc573nerd.com
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.
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ACC 573 NERD Fabulous Education--acc573nerd.com
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 Fabulous Education--acc573nerd.com
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.
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ACC 573 NERD Fabulous Education--acc573nerd.com
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 Fabulous Education--acc573nerd.com
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 Fabulous Education--acc573nerd.com
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 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 Fabulous Education--acc573nerd.com
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 Fabulous Education--acc573nerd.com
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 Fabulous Education--acc573nerd.com
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 Fabulous Education--acc573nerd.com
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.
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ACC 573 NERD Fabulous Education--acc573nerd.com
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 Fabulous Education--acc573nerd.com