Title: ACC 573 Course Career Path Begins / tutorialrank.com
1 ACC 573 Students Guide / tutorialrank.com
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2 ACC 573 Students Guide / tutorialrank.com
- ACC 573 Midterm Exam Guide
- To calculate a company's average tax rate an
analyst would - The accumulated benefit obligation measures
- The major difference between accounting for
pensions and the accounting for other
postretirement benefits is that firms
- ACC 573 Midterm Exam Guide
- The two categories of shareholders' equity
usually found on the balance sheet of a
corporation are - When a firm attempting to create unique products
or services for particular market niches, in
order to achieve relatively high profit margins,
this is best known as
3 ACC 573 Students Guide / tutorialrank.com
- Based on your review of the SEC reporting
requirements as outlined in the Sarbanes-Oxley
Act, assess the adequacy of the reporting
requirements for providing credible financial and
operating information for company stakeholders
and potential investors, indicating any gaps
identified in the reporting. Provide support for
your rationale.
- Assess how the GAAP and IFRS convergence project
has impacted SEC reporting requirements,
predicting the long-term impact of the
convergence on reporting. Provide a rationale for
your prediction
4 ACC 573 Students Guide / tutorialrank.com
- As a CFO of a publically traded company, suggest
how you would create an ethical environment to
ensure account balances are correctly valued and
reported so that information is reliable for
users. Provide support for your rationale
- In todays business environment where publicly
traded companies feel pressure to meet short-term
earnings expectations, management may be tempted
to manage earnings. Assess how a financial
statement user may be able to detect managed
earnings when reviewing the firms balance sheet,
income statement, and cash-flow statement.
Indicate
5 ACC 573 Students Guide / tutorialrank.com
- ACC 573 Week 3 Assignment 1
-
- Write a two to three (2-3) page paper in which
you - Assess the factors that contributed to the
financial statement restatement, signifying the
executive management teams attitude toward the
restatement. Suggest how the restatement may have
been avoided during the initial reporting process.
- As part of the Sarbanes-Oxley Act, corporate
officers are no longer able to pass the buck of
responsibility for ensuring adequate controls
over financial statements and reporting
activities thus ensuring the accuracy of
financial statements. Assess the adequacy of the
provisions contained within the Act,
6 ACC 573 Students Guide / tutorialrank.com
- Based on your review of the current requirements
of the SEC and FASB, assess the adequacy of the
guidelines for ensuring the transparency of
off-balance-sheet transactions to investors,
indicating where improvements may still be
needed. Provide support for your rationale.
- Based on the information found in the e-Activity,
assess the key differences between U.S. GAAP and
IFRS reporting for the testing of asset
impairment and the requirement to write down the
asset value. Indicate whether or not you support
the U.S. GAAP or IFRS approach. Provide support
for your position.
7 ACC 573 Students Guide / tutorialrank.com
- Create an argument for the use of Fair Market
Accounting as opposed to historical cost. Provide
support for your argument. - Evaluate the effectiveness of the accounting
principle guidelines for determining the market
value of an asset, indicating improvements to
these guidelines. Provide support for your
recommendations.
- Assess the risks associated with derivatives
instruments, indicating how these risks may be
minimized for a publically traded company.
Provide support for your rationale.
8 ACC 573 Students Guide / tutorialrank.com
- The Sarbanes-Oxley (SOX) Act was created with the
intent of improving the quality of accounting,
reliability of financial statements to investors,
and providing oversight to accounting
professionals through the creation of a new
federal agency, Public Accounting Company
Oversight Board (PACOB). Create an argument
supporting whether SOX achieved these
- Assess the impact to public trust when a
publically traded company restates its financial
data, indicating how negative impressions may be
minimized. Provide support for your rationale. - Evaluate the current trend of companies restating
financial statements. Indicate the key drivers of
this trend. Predict the trend over the next five
years, providing support for your rationale
9 ACC 573 Students Guide / tutorialrank.com
- ACC 573 Week 7 Assignment 2
- Write a four to five (4-5) page paper in which
you - Assess the roles of the Board of Directors and
Chief Executive Officer of a public company for
establishing an ethical environment that
generates quality accounting and reliable
financial reporting for use by shareholders and
investors. Provide support for your assessment.
- Assess the financial performance forecasting
process, identifying the assumptions made that
are most likely to cause a gap between the
forecast and actual performance. Indicate how
these gaps may be minimized. Provide support for
your rationale
10 ACC 573 Students Guide / tutorialrank.com
- Assess the market and shareholder behaviors when
a publically traded company makes the decision
not to pay dividends to its shareholders,
suggesting how management should react to these
behaviors. Provide support for your rationale.
- Create an argument that use of the present value
free cash-flow method has a more beneficial
economic meaning than earnings-based methods.
Provide support for your argument
11 ACC 573 Students Guide / tutorialrank.com
- Assess how the free cash-flow method can be used
when a company is profitable yet the cash-flow
values are expected to be negative over the next
five years, indicating the likely impact on the
valuation. Provide support for your rationale
- Create an argument supporting that using the
earnings-based valuation method yields the most
accurate results. Provide support for your
argument.
12 ACC 573 Students Guide / tutorialrank.com
- ACC 573 Week 10 Assignment 3
- Evaluate the likely impact on a firms valuation
when using U.S. GAAP versus IFRS accounting
methods, indicating which accounting standards
you believe may yield a more favorable result.
Provide support for your position.
- Write a five to six (5-6) page paper in which
you - Evaluate the valuation and method used to
determine the Initial Public Offering value of
Facebook stock, indicating any miscalculations in
the valuation that may have mislead
13 ACC 573 Students Guide / tutorialrank.com
- Create an argument supporting that
using the market-based valuation method yields
the most accurate results. Provide support for
your argument.
14 ACC 573 Students Guide / tutorialrank
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