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ACC 541 TUTORS Real Success / acc541tutors.com
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ACC 541 TUTORS Real Success
ACC 541 Entire Course   FOR MORE CLASSES
VISIT  www.acc541tutors.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
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ACC 541 TUTORS Real Success
ACC 541 Week 1 DQ 1 FOR MORE CLASSES
VISIT   www.acc541tutors.com   What is the
importance of the mission of the FASB?
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ACC 541 TUTORS Real Success
ACC 541 Week 1 DQ 2 FOR MORE CLASSES
VISIT   www.acc541tutors.com   Under current
GAAP, goodwill is recorded when purchased.
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ACC 541 TUTORS Real Success
ACC 541 Week 1 Individual Assignment Accounting
Standards Boards Paper FOR MORE CLASSES
VISIT www.acc541tutors.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. Write a 1,050- to
1,400-word paper describing the relationship
between the IASB and the FASB. Include the
following in your paper
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ACC 541 TUTORS Real Success
ACC 541 Week 2 DQ 1 FOR MORE CLASSES
VISIT   www.acc541tutors.com   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.)
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ACC 541 TUTORS Real Success
ACC 541 Week 2 DQ 2 FOR MORE CLASSES
VISIT   www.acc541tutors.com   Under current
GAAP, goodwill is recorded when purchased.
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ACC 541 TUTORS Real Success
ACC 541 Week 2 Individual Assignment Client
Understanding Paper FOR MORE CLASSES
VISIT www.acc541tutors.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 Adjusting lower cost of market
inventory on valuation Capitalizing
interest on building construction
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ACC 541 TUTORS Real Success
ACC 541 Week 3 DQ 1 FOR MORE CLASSES
VISIT  www.acc541tutors.com   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 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.
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ACC 541 TUTORS Real Success
ACC 541 Week 3 DQ 2 FOR MORE CLASSES
VISIT   www.acc541tutors.com   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
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ACC 541 TUTORS Real Success
ACC 541 Week 3 Individual Assignment Response to
Client Request I FOR MORE CLASSES
VISIT www.acc541tutors.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.
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ACC 541 TUTORS Real Success
ACC 541 Week 4 DQ 1 FOR MORE CLASSES
VISIT   www.acc541tutors.com   Discuss
contingencies and how they are reported on
financial statements. What conditions must be met
before a contingency can be charged against
income?
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ACC 541 TUTORS Real Success
ACC 541 Week 4 DQ 2 FOR MORE CLASSES
VISIT   www.acc541tutors.com   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.
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ACC 541 TUTORS Real Success
ACC 541 Week 4 Individual Assignment Response to
Client Request II FOR MORE CLASSES
VISIT www.acc541tutors.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
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ACC 541 TUTORS Real Success
ACC 541 Week 5 DQ 1 FOR MORE CLASSES
VISIT   www.acc541tutors.com   Explain operating
segments of an enterprise.
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ACC 541 TUTORS Real Success
ACC 541 Week 5 DQ 2 FOR MORE CLASSES
VISIT   www.acc541tutors.com   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.
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ACC 541 TUTORS Real Success
ACC 541 Week 5 Individual Assignment Reporting
Paper FOR MORE CLASSES VISIT www.acc541tutors.c
om   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.
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ACC 541 TUTORS Real Success
ACC 541 Week 6 DQ 1 FOR MORE CLASSES
VISIT   www.acc541tutors.com   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.
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ACC 541 TUTORS Real Success
ACC 541 Week 6 DQ 2 FOR MORE CLASSES
VISIT   www.acc541tutors.com   What type of
accounting or which area of accounting are you
planning to enter as your profession? Why?
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ACC 541 TUTORS Real Success
ACC 541 Week 6 Team Assignment Auditing a
Publicly Traded Company FOR MORE CLASSES
VISIT www.acc541tutors.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.
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ACC 541 TUTORS Real Success