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ACC 541 Begins Education / snaptutorial.com

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"For more classes visits www.snaptutorial.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 ACC 541 Week 3 Individual Assignment Response to Client Request I ACC 541 Week 3 DQ 1 ACC 541 Week 3 DQ 2 " – PowerPoint PPT presentation

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Title: ACC 541 Begins Education / snaptutorial.com


1
ACC 541 Course Begins Education /
snaptutorial.com
For More Course Tutorials
www.snaptutorial.com
2
ACC 541 Course Begins Education /
snaptutorial.com
  • 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
  • What is the importance of the mission of the
    FASB?

3
ACC 541 Course Begins Education /
snaptutorial.com
  • ACC 541 Week 1 DQ 2
  • ACC 541 Week 1 Individual Assignment Accounting
    Standards Boards Paper
  • 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.

4
ACC 541 Course Begins Education /
snaptutorial.com
  • 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 Begins Education /
snaptutorial.com
  • ACC 541 Week 2 Individual Assignment Client
    Understanding Paper
  • ACC 541 Week 3 DQ 1
  •          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 clients questions.
  • 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 at the beginning of each month of the
    lease. Describe the change in accounting, if any,
    when rental payments are not made on a
    straight-line basis.

6
ACC 541 Course Begins Education /
snaptutorial.com
  • ACC 541 Week 3 DQ 2
  • ACC 541 Week 3 Individual Assignment Response to
    Client Request I
  • 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
  • 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.

7
ACC 541 Course Begins Education /
snaptutorial.com
  • 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.

8
ACC 541 Course Begins Education /
snaptutorial.com
  • ACC 541 Week 4 Individual Assignment Response to
    Client Request II
  • 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 wants to know if
    part of the debt is forgiven, or if the mortgage
    is rewritten, or if the mortgage
  • Explain operating segments of an enterprise.

9
ACC 541 Course Begins Education /
snaptutorial.com
  • 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 Begins Education /
snaptutorial.com
  • 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 Begins Education /
snaptutorial.com
  • ACC 541 Week 6 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.

12
ACC 541 Course Begins Education /
snaptutorial.com
For More Course Tutorials
www.snaptutorial.com
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