ACC 541

ACC 541 Week 3 Summary
Please post your Weekly Summary here. It needs to be a summary of what you
learned, liked or disliked etc. Needs to be in your own words in order to earn
points.
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ACC 541 Week 3 Individual Assignment Response to Client Request I
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 trailers—20 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.
Your supervisor has asked you to research leases and lease structure issues on the
Financial Accounting Standards Board (FASB) website, in particular the current
practice and thought related to direct financing, sales type, and operating leases.
Write a 700- to 1,050-word memo addressed to your supervisor that summarizes
your FASB research results. Keep the memo brief while exploring the issues.
Remember that both the client and the supervisor have limited time, and you want
to make a good impression. Recommend an approach that the client can use to
evaluate and capitalize on this opportunity.
Format your paper consistent with APA guidelines
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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