ACC 541 Inspiring Minds/newtonhelp.com

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ACC 541 Inspiring Minds/newtonhelp.com
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ACC 541 Inspiring Minds/newtonhelp.com

• ACC 541 Entire Course
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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

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ACC 541 Inspiring Minds/newtonhelp.com

• ACC 541 Final Exam
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• Question 95 Application of the full disclosure
  principle
• Question 54 The omission of the adjusting entry
  to record depreciation expense will result in an
• Question 84 What should be the balance of
  retained earnings at December 31, 2017?
• Question 98 In Reese's December 31, 2017
  balance sheet,The current assets total is
• Question 44 Which of the following statements
  is true?

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ACC 541 Inspiring Minds/newtonhelp.com

• ACC 541 Midterm Exam
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• Question 21 Generally accepted accounting
  principles
• Question 47 Which of the following does not
  relate to relevance?
• Question 34 The difference between the
  accounting process and the accounting cycle is
• Question 28 Which of the following tables would
  show the smallest value for an interest rate of
  5 for six periods?

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ACC 541 Inspiring Minds/newtonhelp.com

• ACC 541 Week 1 DQ 1
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• Week 1 DQ 1
• What is the importance of the mission of the FASB?

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ACC 541 Inspiring Minds/newtonhelp.com

• ACC 541 Week 1 DQ 2
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• Week 1 DQ 2
• Under current GAAP, goodwill is recorded when
  purchased.

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ACC 541 Inspiring Minds/newtonhelp.com

• ACC 541 Week 1 Recommendation for Accounting
  Rules and Standard
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• ACC 541 Week 1 Recommendation for Accounting
  Rules and Standard

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ACC 541 Inspiring Minds/newtonhelp.com

• ACC 541 Week 2 DQ 1
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• 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.)

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• ACC 541 Week 2 DQ 2
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• Week 2 DQ 2
• Under current GAAP, goodwill is recorded when
  purchased.

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ACC 541 Inspiring Minds/newtonhelp.com

• ACC 541 Week 2 Team IFRS or GAAP Recommendation
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• Client X operates in the US currently and is
  planning to expand operations globally next year.
  As a result, management is considering preparing
  financial statements in accordance with IFRS
  rather than with US GAAP.
• Client X contacted you for clarification and
  recommendations regarding the following issues
• How the use of the LIFO method to value its
  inventories will be impacted if a switch to
  financial statements prepared in compliance with
  IFRS will be made.

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ACC 541 Inspiring Minds/newtonhelp.com

• ACC 541 Week 3 DQ 1
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• Week 3 DQ 1
• 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 Inspiring Minds/newtonhelp.com

• ACC 541 Week 3 DQ 2
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• 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 to 50 percent of the
  estimated economic life of the machine.

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ACC 541 Inspiring Minds/newtonhelp.com

• ACC 541 Week 4 Assignment Codification Research
  Case (Ch 18- Revenue Recognition)
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• (a) What is the authoritative literature
  addressing revenue recognition when right of
  return exists?
• (b) What is meant by right of return? Bill and
  hold?
• (c) Describe the accounting when there is a right
  of return.
• (d) When goods are sold on a bill-and-hold basis,
  what conditions must be met to recognize revenue
  upon receipt of the order?

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ACC 541 Inspiring Minds/newtonhelp.com

• ACC 541 Week 4 DQ 1
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• 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?

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ACC 541 Inspiring Minds/newtonhelp.com

• ACC 541 Week 4 DQ 2
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• Week 4 DQ 2
• 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 Inspiring Minds/newtonhelp.com

• ACC 541 Week 4 Team Memo to Client
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• Debate with your team the Codification Research
  Case. Have half the team support the sales
  manager's position and another part of the team
  support the CFOs position.
• Present both sides and come to a consensus as a
  team. Additionally, the CFO at this company has
  asked for your guidance in evaluating leases.

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ACC 541 Inspiring Minds/newtonhelp.com

• ACC 541 Week 5 DQ 1
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• Week 5 DQ 1
• Explain operating segments of an enterprise.

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ACC 541 Inspiring Minds/newtonhelp.com

• ACC 541 Week 5 DQ 2
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• 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.

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ACC 541 Inspiring Minds/newtonhelp.com

• ACC 541 Week 5 TeamMemo Fair Value Reporting and
  Pension Plan (2 Papers)
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•  
• Discuss the research results with your team, and
  come to a consensus.
• Additionally, the client is considering offering
  a pension plan to its employees next year.
• Discuss reporting requirements for defined
  contribution and defined benefit.
• Write a 350-to 525-memo to the client explaining
  the essence of fair value reporting and
  identifying primary concerns associated with it.
  Make a recommendation to the client as to which
  type of pension plan they should implement and
  why.

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ACC 541 Inspiring Minds/newtonhelp.com

• ACC 541 Week 6 DQ 1
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• 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.

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ACC 541 Inspiring Minds/newtonhelp.com

• ACC 541 Week 6 DQ 2
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• Week 6 DQ 2
• What type of accounting or which area of
  accounting are you planning to enter as your
  profession? Why?

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ACC 541 Inspiring Minds/newtonhelp.com