ACC 541 Entire Course All DQs and Assignments (Accounting Theory and Research ) Click link below to Purchase Entire Class:
http://hwguides.com/ACC-541-Entire-Course-All-DQs-andAssignments-Accounting-Theory-143.htm?categoryId=-1 ACC 541 Week 1 Individual Assignment Accounting Standards Boards Paper ACC 541 Week 1 DQ3 ACC 541 Week 1 DQ2 ACC 541 Week 1 DQ1 ACC 541 Week 2 Individual Assignment Client Understanding Paper ACC 541 Week 2 DQ1 ACC 541 Week 2 DQ2 ACC 541 Week 3 Individual Assignment Response to Client Request I ACC 541 Week 3 DQ1 ACC 541 Week 3 DQ2 ACC 541 Week 3 DQ3 ACC 541 Week 4 Learning Team Assignment Response to Client Request II ACC 541 Week 4 DQ1 ACC 541 Week 4 DQ2 ACC 541 Week 5 Individual Assignment Reporting Paper ACC 541 Week 5 DQ1 ACC 541 Week 5 DQ2 ACC 541 Week 6 Learning Team Assignment Auditing a Publicly Traded Company
ACC 541 Week 1 Individual Assignment Accounting Standards Boards Paper The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) are currently working on a joint venture referred to as the convergence project. Write a 1,050- to 1,400-word paper describing the relationship between the IASB and the FASB. Include the following in your paper: A brief history of the relationship between the two boards and the IASB equivalents of the FASB original pronouncements An explanation of how the MSA program prepares the student for a professional life within the accounting vocation Format your paper consistent with APA guidelines, including appropriate citations and references. Run your paper through WritePointSM and Plagiarism Checker.
ACC 541 Week 1 DQ1 What is the importance of the mission of the FASB?
ACC 541 Week 1 DQ2
What is the current situation regarding the transition to the IFRS. What are some of the obstacles that are postponing the transition?
ACC 541 Week 1 DQ3 IFRS is a principal based accounting system that relies on the judgement of professionals. GAAP, however, is a rule based accounting system. If and when the U.S. transitions to an IFRS standard, how will this impact Generally Accepted Accounting Principles (reliability, consistency, comparability, timeliness, etc.)?
ACC 541 Week 2 Individual Assignment Client Understanding Paper As a newly hired Staff I, you are responsible for analyzing the work papers for one of the clients of your organization. Your client is not clear about why you are asking for information on the following topics: · Adjusting lower cost of market inventory on valuation · Capitalizing interest on building construction · Recording gain or loss on asset disposal · Adjusting goodwill for impairment Write a 1,050- to 1,400-word response that addresses your client’s questions. Format your paper consistent with APA guidelines, including appropriate citations and references. Run your paper through WritePointSM and Plagiarism Checker.
ACC 541 Week 2 DQ1 At December 26, 2008, the company had a special, nonrecurring opportunity to purchase 40,000 units at $17 per unit. The purchase can be made and the units delivered on December 30, or it can be delayed until the first week of January 2009. The company plans to make the purchase, due to the obvious cost savings involved. Sales for 2008 totaled 245,000 units. Describe the financial statement effects of making the purchase in 2008 as opposed to 2009. Argue for making the purchase during 2008. Defend the use of LIFO. Use the matching concept in your defense.
ACC 541 Week 2 DQ2 Compare and contrast two of the following inventory valuation methods: first in–first out (FIFO), last in–first out (LIFO), or weighted average. Explain the benefits of each inventory valuation method you selected and how the inventory is valued. (This question can be expanded to further discuss each method of inventory valuation.)
ACC 541 Week 3 Individual Assignment Response to Client Request I While working on a consulting engagement, a supervisor in your team has given you an assignment. The client is a regional trucking company. A new customer has approached the client with an opportunity that would require 120 trailers—20 more than the trucking company currently owns. The client is uncertain how long the relationship with the customer may last, but the deal has the potential for significant growth.
Your supervisor has asked you to research leases and lease structure issues on the Financial Accounting Standards Board (FASB) website, in particular the current practice and thought related to direct financing, sales type, and operating leases. Write a 700- to 1,050-word memo addressed to your supervisor that summarizes your FASB research results. Keep the memo brief while exploring the issues. Remember that both the client and the supervisor have limited time, and you want to make a good impression. Recommend an approach that the client can use to evaluate and capitalize on this opportunity. Format your paper consistent with APA guidelines, including appropriate citations and references. Run your paper through WritePointSM and Plagiarism Checker.
ACC 541 Week 3 DQ1 What are the four criteria used for determining if a lease is to be treated as a capital lease? How is the balance sheet impacted? How is the income statement impacted?
ACC 541 Week 3 DQ2 Doherty Company leased equipment from Lambert Company. The classification of the lease will impact both the balance sheet and income statement on both Doherty and Lambert. 1. What criteria must be met by the lease in order that Doherty Company classify it as a capital lease? 2. What criteria must be met by the lease in order for Lambert to classify the lease as a sales-type or direct financing lease? 3. Contrast as sales-type lease with a direct financing lease.
ACC 541 Week 3 DQ3 Is possible to capitalize a lease that does not to meet any of the SFAS No. 13 criteria for a capital lease? In your answer consider the conceptual framework definitions of assets and liabilities.
ACC 541 Week 4 Learning Team Assignment Response to Client Request II Your client is being sued. You have asked the clientâ€™s lawyer about the possibility of losing the lawsuit. The client, meanwhile, has asked you to describe what would happen to his or her financial statements. The client has also informed you that by losing the lawsuit, he or she anticipates losing the mortgage and has started talking to a mortgage lender. The client wants to know if part of the debt is forgiven, or if the mortgage is rewritten, or if the mortgage will be rewritten if he or she files Chapter 11. The lawsuit also involves a patent held by the company. The company had acquired a hedge contract against the impairment of the patent. Aside from the recovery of the hedge, the client wants to know how the impairment of the patent will be reflected on the financial statements in the event of losing a lawsuit. Conduct research in FASB individually to answer your clientâ€™s questions. Write a 700- to 1,050-word memo as a team that is brief but fully explores the issues. Include the following in your memo: Report requirements for contingencies and describe what would happen to the financial statements if the client loses the lawsuit. Describe whether the clientâ€™s debt is forgiven if the mortgage is rewritten, or if their mortgage will be written if they file Chapter 11. How will the reporting on the financial statement be determined?
Describe how the impairment of the patent will be reflected on the financial statements in the event of losing a lawsuit. Format your paper consistent with APA guidelines, including appropriate citations and references. Run your paper through WritePointSM and Plagiarism Checker.
ACC 541 Week 4 DQ1 Angela Company is a manufacturer of toys. During the year, the following situations arose: A safety hazard related to one of its toy products was discovered. It is considered probable that liabilities have been incurred. Based on past experience, a reasonable estimate of the amount of loss can be made ………….
ACC 541 Week 4 DQ2 The following three independent sets of facts relate to (1) the possible accrual or (2) the possible disclosure by other means of a loss contingency. 1. A company offers a one-way warranty for the product that it manufactures. A history of warranty claims has been compiled, and the probable amount of claims related to sales for a given period can be determined.
ACC 541 Week 5 Individual Assignment Reporting Paper You are a controller in a midsized manufacturing company that has acquired 100% of another company. The acquired company includes two segments and two different pension plans. Both of these reporting issues are new to your CEO, and your CEO wants to eliminate the segments. Write a 700- to 1,050-word executive memo that explains the required reporting for defined contribution, defined benefit, and other postretirement plans. Also include an explanation of what must happen for the two segments to be eliminated. (You do not need to know details about the segments to answer this.) Format your paper consistent with APA guidelines, including appropriate citations and references. Run your paper through WritePointSM and Plagiarism Checker.
ACC 541 Week 5 DQ1 Explain operating segments of an enterprise. How does SFAS No. 131 define an operating segment? What thresholds must be met for an operating segment to be a reportable segment?
ACC 541 Week 5 DQ2 Pension accounting has become more closely associated with the method of determining pension benefits. Discuss the following methods of determining pension benefits. Defined contribution plan.
Defined benefit plan Discuss the following actuarial funding methods: Cost Approach Benefit Approach
ACC 541 Week 6 Learning Team Assignment Auditing a Publicly Traded Company As a Staff I assigned to the audit of a publicly traded company, your senior has asked you to evaluate both share-based payment reporting and special purpose entities (SPE) reporting for the company. Research share-based payment reporting and SPE reporting individually. Write a 700- to 1,050-word executive memo as a team that includes a description of what you will look for to see if the client is consistent with the generally accepted accounting principles (GAAP). Pay particular attention to accounting treatment of share-based payment and accounting consolidation theory as it relates to special purpose entities. Keep the memo as brief as possible while fully exploring the issues. Format your paper consistent with APA guidelines, including appropriate citations and references. Run your paper through WritePointSM and Plagiarism Checker.