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ACC 541 Course Career Path Begins acc541dotcom

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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 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 ACC 541 Week 3 DQ 2 ACC 541 Week 4 Individual Assignment Response to Client Request II ACC 541 Week 4 DQ 1 ACC 541 Week 4 DQ 2 ACC 541 Week 5 Individual Assignment Reporting Paper – PowerPoint PPT presentation

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Title: ACC 541 Course Career Path Begins acc541dotcom


1
ACC 541 Course Career Path Begins /acc541dotcom
For More Tutorials
www.acc541.com
2
ACC 541 Course Career Path Begins /acc541dotcom
  • ACC 541 Entire Course
  • ACC 541 Week 1 DQ 1
  • 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
  • What is the importance of the mission of the
    FASB?

3
ACC 541 Course Career Path Begins /acc541dotcom
  • ACC 541 Week 1 DQ 2
  • ACC 541 Week 1 Individual Assignment Accounting
  • Under current GAAP, goodwill is recorded when
    purchased.
  • 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

4
ACC 541 Course Career Path Begins /acc541dotcom
  • ACC 541 Week 2 DQ 1
  • ACC 541 Week 2 DQ 2
  • 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.)
  • Under current GAAP, goodwill is recorded when
    purchased

5
ACC 541 Course Career Path Begins /acc541dotcom
  • ACC 541 Week 2 Individual Assignment Client
  • ACC 541 Week 3 DQ 1
  • 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
  • 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

6
ACC 541 Course Career Path Begins /acc541dotcom
  • ACC 541 Week 3 DQ 2
  • ACC 541 Week 3 Individual Assignment Response to
    Client
  • 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
  • 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

7
ACC 541 Course Career Path Begins /acc541dotcom
  • ACC 541 Week 4 DQ 1
  • ACC 541 Week 4 DQ 2
  • Discuss contingencies and how they are reported
    on financial statements. What conditions must be
    met before a contingency can be charged against
    income?
  • 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.

8
ACC 541 Course Career Path Begins /acc541dotcom
  • ACC 541 Week 4 Individual Assignment Response to
    Client
  • ACC 541 Week 5 DQ 1
  • 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.
  • Explain operating segments of an enterprise.

9
ACC 541 Course Career Path Begins /acc541dotcom
  • ACC 541 Week 5 DQ 2
  • ACC 541 Week 5 Individual Assignment Reporting
    Paper
  • 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.
  • 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 541 Course Career Path Begins /acc541dotcom
  • ACC 541 Week 6 DQ 1
  • ACC 541 Week 6 DQ 2
  • 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.
  • What type of accounting or which area of
    accounting are you planning to enter as your
    profession? Why?

11
ACC 541 Course Career Path Begins /acc541dotcom
  • ACC 541 Week 6 Team Assignment Auditing
  • 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 541 Course Career Path Begins /acc541dotcom
For More Tutorials
www.acc541.com
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