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ACC 541  Future Starts Here/newtonhelp.com

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For more course tutorials visit www.newtonhelp.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 – PowerPoint PPT presentation

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Title: ACC 541  Future Starts Here/newtonhelp.com


1
ACC 541  Future Starts Here/newtonhelp.Com
2
  • ACC 541 Entire Course
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  • For more course tutorials visit
  • www.newtonhelp.com
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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

3
  • ACC 541 Final Exam
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  • For more course tutorials visit
  • www.newtonhelp.com
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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?

4
  • ACC 541 Midterm Exam
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  • For more course tutorials visit
  • www.newtonhelp.com
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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

5
  • ACC 541 Week 1 DQ 1
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  • For more course tutorials visit
  • www.newtonhelp.com
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  • Week 1 DQ 1
  • What is the importance of the mission of the FASB?

6
  • ACC 541 Week 1 DQ 2
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  • For more course tutorials visit
  • www.newtonhelp.com
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  • Week 1 DQ 2
  • Under current GAAP, goodwill is recorded when
    purchased.

7
  • ACC 541 Week 1 Recommendation for Accounting
    Rules and Standard
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  • For more course tutorials visit
  • www.newtonhelp.com
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  • ACC 541 Week 1 Recommendation for Accounting
    Rules and Standard

8
  • ACC 541 Week 2 DQ 1
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  • For more course tutorials visit
  • www.newtonhelp.com
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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.)

9
  • ACC 541 Week 2 DQ 2
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  • For more course tutorials visit
  • www.newtonhelp.com
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  • Week 2 DQ 2
  • Under current GAAP, goodwill is recorded when
    purchased.

10
  • ACC 541 Week 2 Team IFRS or GAAP Recommendation
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  • For more course tutorials visit
  • www.newtonhelp.com
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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

11
  • ACC 541 Week 3 DQ 1
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  • For more course tutorials visit
  • www.newtonhelp.com
  •     
  • 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,

12
  • ACC 541 Week 3 DQ 2
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  •  
  • For more course tutorials visit
  • www.newtonhelp.com
  •    
  •   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.

13
  • ACC 541 Week 4 Assignment Codification Research
    Case (Ch 18- Revenue Recognition)
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  • For more course tutorials visit
  • www.newtonhelp.com
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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.

14
  • ACC 541 Week 4 DQ 1
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  • For more course tutorials visit
  • www.newtonhelp.com
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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?

15
  • ACC 541 Week 4 DQ 2
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  • For more course tutorials visit
  • www.newtonhelp.com
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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.

16
  • ACC 541 Week 4 Team Memo to Client
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  • For more course tutorials visit
  • www.newtonhelp.com
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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.

17
  • ACC 541 Week 5 DQ 1
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  • For more course tutorials visit
  • www.newtonhelp.com
  •     
  • Week 5 DQ 1
  • Explain operating segments of an enterprise.

18
  • ACC 541 Week 5 DQ 2
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  • For more course tutorials visit
  • www.newtonhelp.com
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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.

19
  • ACC 541 Week 5 TeamMemo Fair Value Reporting and
    Pension Plan (2 Papers)
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  • For more course tutorials visit
  • www.newtonhelp.com
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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.

20
  • ACC 541 Week 6 DQ 1
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  • For more course tutorials visit
  • www.newtonhelp.com
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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.

21
  • ACC 541 Week 6 DQ 2
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  • For more course tutorials visit
  • www.newtonhelp.com
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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  Future Starts Here/newtonhelp.Com
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