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ACC 541 ACADEMIC ACHIEVEMENT / UOPHELP

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ACC 541 Entire Course For more course tutorials visit www.uophelp.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 – PowerPoint PPT presentation

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Title: ACC 541 ACADEMIC ACHIEVEMENT / UOPHELP


1
ACC 541Course Tutorial
  • For more course tutorials visit
  • www.uophelp.com

2
ACC 541 Course Tutorial
  • ACC 541 Entire Course
  • ACC 541 Week 1 DQ 1
  • For more course tutorials visit
  • www.uophelp.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
  • For more course tutorials visit
  • www.uophelp.com
  •  
  • Week 1 DQ 1
  • What is the importance of the mission of the FASB?

3
ACC 541 Course Tutorial
  • ACC 541 Week 1 DQ 2
  • ACC 541 Week 1 Individual Assignment Accounting
    Standards Boards Paper
  • For more course tutorials visit
  • www.uophelp.com
  •  
  • Week 1 DQ 2
  • Under current GAAP, goodwill is recorded when
    purchased.
  • For more course tutorials visit
  • www.uophelp.com
  •  
  • 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.

4
ACC 541 Course Tutorial
  • ACC 541 Week 2 DQ 1
  • ACC 541 Week 2 DQ 2
  • For more course tutorials visit
  • www.uophelp.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.)
  • For more course tutorials visit
  • www.uophelp.com
  • Week 2 DQ 2
  • Under current GAAP, goodwill is recorded when
    purchased.

5
ACC 541Course Tutorial
  • ACC 541 Week 2 Individual Assignment Client
    Understanding Paper
  • ACC 541 Week 3 DQ 1
  • For more course tutorials visit
  • www.uophelp.com
  • 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
  •  
  • For more course tutorials visit
  • www.uophelp.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.

6
ACC 541Course Tutorial
  • ACC 541 Week 3 DQ 2
  • ACC 541 Week 3 Individual Assignment Response to
    Client Request I
  • For more course tutorials visit
  • www.uophelp.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
  • For more course tutorials visit
  • www.uophelp.com
  •  
  • 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
    trailers20 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.

7
ACC 541Course Tutorial
  • ACC 541 Week 4 DQ 1
  • ACC 541 Week 4 DQ 2
  • For more course tutorials visit
  • www.uophelp.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?
  • For more course tutorials visit
  • www.uophelp.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.

8
ACC 541Course Tutorial
  • ACC 541 Week 4 Individual Assignment Response to
    Client Request II
  • ACC 541 Week 5 DQ 1
  • For more course tutorials visit
  • www.uophelp.com
  •  
  • Your client is being sued. You have asked the
    clients 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.
  • For more course tutorials visit
  • www.uophelp.com
  •  
  • Week 5 DQ 1
  • Explain operating segments of an enterprise.

9
ACC 541Course Tutorial
  • ACC 541 Week 5 DQ 2
  • ACC 541 Week 5 Individual Assignment Reporting
    Paper
  • For more course tutorials visit
  • www.uophelp.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
  • For more course tutorials visit
  • www.uophelp.com
  •  
  • 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.

10
ACC 541Course Tutorial
  • ACC 541 Week 6 DQ 1
  • ACC 541 Week 6 DQ 2
  • For more course tutorials visit
  • www.uophelp.com
  • Week 6 DQ 1
  • A corporation may use stock splits and stock
    dividends to change the number of shares of its
    stock outstanding.
  • For more course tutorials visit
  • www.uophelp.com
  • Week 6 DQ 2
  • What type of accounting or which area of
    accounting are you planning to enter as your
    profession? Why?

11
ACC 541Course Tutorial
  • ACC 541 Week 6 Team Assignment Auditing a
    Publicly Traded Company
  • For more course tutorials visit
  • www.uophelp.com
  •  
  • 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.

12
ACC 541Course Tutorial
For more course tutorials visit www.uophelp.com
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