ACCT 540 DeVry Week 5 Complete Work
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<strong>ACCT</strong> <strong>540</strong> <strong>DeVry</strong> <strong>Week</strong> 5 <strong>Complete</strong> <strong>Work</strong><br />
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<strong>ACCT</strong> <strong>540</strong> <strong>DeVry</strong> <strong>Week</strong> 5 <strong>Complete</strong> <strong>Work</strong><br />
<strong>ACCT</strong> <strong>540</strong> <strong>DeVry</strong> <strong>Week</strong> 5 Discussion<br />
Codification (graded) Refer to FASB 162 (the hierarchy of accounting information). Why is this hierarchy important, and<br />
how can it be applied to conducting research?<br />
<strong>ACCT</strong> <strong>540</strong> <strong>DeVry</strong> <strong>Week</strong> 5 Homework Assignment<br />
Read Appendix A, Sample Brief Memorandum, which starts on page 189 of our textbook. In 2–3 pages (12-point font,<br />
double spaced), critique the memorandum based on what we've learned so far in the course. For example, does the<br />
memorandum use the SEC's plain English concepts and cite authoritative sources?<br />
Submit your assignment to the Dropbox located on the silver tab at the top of this page. For instructions on how to use<br />
the Dropbox, read these .next.ecollege.com/default/launch.ed?ssoType=DVUHubSSO2&node=node/184">step-bystep<br />
instructions or watch t<br />
<strong>ACCT</strong> <strong>540</strong> <strong>DeVry</strong> <strong>Week</strong> 5 Course Project<br />
Case 3<br />
You have been hired as a consultant for ABC Investment Group. ABC incorporated in 1999 and manages investment<br />
portfolios for small to medium size companies. The Director of the company is not up to speed on how unrealized gains<br />
and losses as well as realized gains and losses on bonds should be accounted for. The Director has been told that<br />
under certain conditions unrealized gains and losses can be accounted for in the income statement and accounted for<br />
as part of other comprehensive income under other conditions. The Director is also unclear as to how to determine<br />
whether a security is impaired and how to determine the amount that is required to be written down. You have been<br />
asked to look into these issues and determine the proper accounting treatment for bonds.<br />
Milestones<br />
Points<br />
<strong>Week</strong> 5<br />
Organize and interpret the findings of your research in one to two pages (12-point font, doublespaced).<br />
25<br />
<strong>ACCT</strong> <strong>540</strong> <strong>DeVry</strong> <strong>Week</strong> 5 On Site Activity Point<br />
Organizing Your Research and Additional Research Tools<br />
<strong>Week</strong> Five Class Activity<br />
1.What are the advantages of S&P’s Net Advantage?<br />
2.When would one use Mergent Online?<br />
3.What does the Thomson Research database cover?
4.When would one use the Factiva database<br />
5.What insight is offered by the Business and Company Resource database?
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