ACC 541 Academic professor/tutorialrank.com

1
ACC 541 Academic professor/tutorialrank
For more course Tutorials
www.tutorialrank.com
2
ACC 541 Academic professor/tutorialrank
ACC 541 Week 1 DQ 1
ACC 541 Entire Course
ACC 541 Week 1 Individual Assignment Accounting
Standards Boards Paper (UOP Course) ACC 541 Week
1 DQ 1 (UOP Course) ACC 541 Week 1 DQ 2 (UOP
Course) ACC 541 Week 2 Individual Assignment
Client Understanding Paper (UOP Course) ACC 541
Week 2 DQ 1 (UOP Course) ACC 541 Week 2 DQ 2 (UOP
Course)
What is the importance of the mission of the FASB?
3
ACC 541 Academic professor/tutorialrank
ACC 541 Week 1 Individual Assignment Accounting
Standards Boards Paper
ACC 541 Week 1 DQ 2
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
A brief history of the relationship
4
ACC 541 Academic professor/tutorialrank
ACC 541 Week 2 DQ 2
ACC 541 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.)
Under current GAAP, goodwill is recorded when
purchased
5
ACC 541 Academic professor/tutorialrank
ACC 541 Week 3 DQ 1
ACC 541 Week 2 Individual Assignment Client
Understanding Paper
Capital leases and operating leases are the two
classifications of leases described in FASB
pronouncements from the standpoint of the lessee.
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
6
ACC 541 Academic professor/tutorialrank
ACC 541 Week 3 Individual Assignment Response to
Client Request I
ACC 541 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
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
7
ACC 541 Academic professor/tutorialrank
ACC 541 Week 4 DQ 2
ACC 541 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?  
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 Academic professor/tutorialrank
ACC 541 Week 5 DQ 1
ACC 541 Week 4 Individual Assignment Response to
Client Request II
Explain operating segments of an enterprise.
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
9
ACC 541 Academic professor/tutorialrank
ACC 541 Week 5 Individual Assignment Reporting
Paper
ACC 541 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
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 Academic professor/tutorialrank
ACC 541 Week 6 DQ 2
ACC 541 Week 6 DQ 1
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 Academic professor/tutorialrank

ACC 541 Week 6 Team Assignment Auditing a
Publicly Traded Company

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
12
ACC 541 Academic professor/tutorialrank
For more course Tutorials
www.tutorialrank.com