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<strong>ACCT</strong> <strong>540</strong> <strong>DeVry</strong> <strong>Entire</strong> <strong>Course</strong><br />

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<strong>ACCT</strong> <strong>540</strong> <strong>DeVry</strong> <strong>Entire</strong> <strong>Course</strong><br />

<strong>ACCT</strong> <strong>540</strong> <strong>DeVry</strong> Week 1 Discussion<br />

Research (graded)<br />

In general, what are the reasons for conducting research? What types of research have you conducted in the past?<br />

This section lists options that can be used to view responses.<br />

<strong>ACCT</strong> <strong>540</strong> <strong>DeVry</strong> Week 1 Homework Assignment<br />

Access the FASB website by clicking on the FASB Codification Access link under <strong>Course</strong> Home. Click the log in screen<br />

link .org/ascLogin.cfm">http://aaahq.org/ascLogin.cfm. Enter your Username and Password provided by your professor<br />

and click the FASB Accounting Standards Codification link. Find and click the Pre-Codification Standards/FASB<br />

Pronouncements and EITF Abstracts link on the bottom left side of the landing page. Thoroughly read the last four<br />

standards issued. Describe each standard and what it added to the existing authoritative accounting literature. Please<br />

write 1 page (12-point, double spaced) on each standard.<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 this<br />

.next.ecollege.com/default/launch.ed?ssoType=DVUHubSSO2&node=node/232">Dropbox Tutorial. See the Syllabus<br />

section "Due Dates for Assignments & Exams" for due date information.<br />

<strong>ACCT</strong> <strong>540</strong> <strong>DeVry</strong> Week 1 <strong>Course</strong> 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 />

Week 1<br />

Choose a case from the Doc Sharing area (the silver tab located on the top of this page). In a<br />

minimum of 5 to 7 sentences, describe your initial thoughts regarding the case and the challenges 25<br />

you feel you will face with regards to the depth and complexity of the issues that will be addressed<br />

<strong>ACCT</strong> <strong>540</strong> <strong>DeVry</strong> Week 1 On Site Activity Point


Accounting Research<br />

Week One Class Activity<br />

1. Explain how the research process adds value to the services offered by an accounting firm.<br />

2. What consequences are considered in the standard-setting process?<br />

3. Explain the importance of identifying keywords when identifying relevant facts and issues.<br />

4. Explain the five basic steps involved in the research process.<br />

5. Discuss how research can support or refute a biased alternative.<br />

6. Explain what is meant by problem distillation and its importance in the research process.<br />

7. What skills are important and tested on the CPA exam?<br />

<strong>ACCT</strong> <strong>540</strong> <strong>DeVry</strong> Week 2 Discussion<br />

Effective Writing (graded)<br />

Why is it important for accountants to use effective writing skills? Describe a situation where effective writing skills are<br />

important. This section lists options that can be used to view responses.<br />

<strong>ACCT</strong> <strong>540</strong> <strong>DeVry</strong> Week 2 Homework Assignment<br />

Please complete the below problems and submit your answers in a Word document.<br />

1. Go to the SEC's website (.sec.gov/">www.sec.gov) and click on "search for company filings" under "filings<br />

and forms."<br />

2. On the next page, click "Company or fund name, ticker symbol, CIK (Central Index Key), file number, state,<br />

country, or SIC (Standard Industrial Classification)" to search for a company.<br />

3. On the next page, search for Starbucks by using their ticker symbol "SBUX."<br />

4. Scroll down on the next page until you see their 10-K filing and click on "Documents."<br />

5. Click on the first document's link: "d10k.htm."<br />

6. Retrieve Item 7 – their "Management's Discussion and Analysis of Financial Condition and Results of<br />

Operations" (MD&A).<br />

7. In a 2–3 page paper (12-point, double spaced), summarize their MD&A and critique it based on the SEC.<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 watc<br />

<strong>ACCT</strong> <strong>540</strong> <strong>DeVry</strong> Week 2 <strong>Course</strong> 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


Week 2<br />

In a minimum of 5 to 7 sentences, summarize the background of your case and indicate any<br />

assumptions that you are making regarding the case. Define your problem statement and research 25<br />

question(s).<br />

<strong>ACCT</strong> <strong>540</strong> <strong>DeVry</strong> Week 2 On Site Activity Point<br />

Problem Identification and Research Questions<br />

Rewrite the following sentences into shorter, more concise sentences while maintaining the main points of the sentence.<br />

a. For good reasons, the secretary may grant extensions of time in 30-day increments for filing of the lease and<br />

all required bonds, provided that additional extensions requests are submitted and approved before the<br />

expiration of the original 30 days or the previously granted extension.<br />

b. If the State agency finds that an individual has received a payment to which the individual was not entitled,<br />

whether or not the payment was due to the individual’s fault or misrepresentation, the individual shall be liable<br />

to repay to the State the total sum of the payment to which the individual was not entitled.<br />

c. Universities differ greatly in style, with some being located on out of town campuses in parkland, others having<br />

buildings scattered about parts of city centers and others being at various points between these two extremes.<br />

<strong>ACCT</strong> <strong>540</strong> <strong>DeVry</strong> Week 3 Discussion<br />

Internet Search (graded) Perform an Internet search on any tax, law, accounting or auditing topic in which you are<br />

interested. Summarize and provide a general explanation of what the topic covers. Please attach the article to your<br />

post.<br />

<strong>ACCT</strong> <strong>540</strong> <strong>DeVry</strong> Week 3 Homework Assignment<br />

.equella.ecollege.com/file/3d17f0e5-2ff2-4a8b-b4ae-60999024bae2/1/documents--<br />

ac<strong>540</strong>_w3_homework_instruction.docx">Click here to download the instruction. (The instruction can also be found in<br />

the Doc Sharing area.)<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 this<br />

.next.ecollege.com/default/launch.ed?ssoType=DVUHubSSO2&node=node/232">Dropbox Tutorial.<br />

<strong>ACCT</strong> <strong>540</strong> <strong>DeVry</strong> Week 3 <strong>Course</strong> 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 />

Week 3<br />

In a minimum of 5 to 7 sentences, identify the key terms in your case and state why you believe<br />

25<br />

each is relevant to your case.


<strong>ACCT</strong> <strong>540</strong> <strong>DeVry</strong> Week 3 On Site Activity Point<br />

Identification of Key Search Criteria<br />

What are the implications of GAAP and authoritative support to the researcher?<br />

1. To conduct efficient research, where should one start in reviewing the accounting literature in search of a solution to<br />

a problem?<br />

2. How can the promulgation of an accounting standard impact economic behavior? Discuss a specific example.<br />

3. Distinguish between primary authoritative support and secondary authoritative support. EXERCISES<br />

<strong>ACCT</strong> <strong>540</strong> <strong>DeVry</strong> Week 4 Discussion<br />

Key Search Terms (graded)<br />

Your company has determined that they have made an error in the financial statements. What questions would you<br />

ask to determine the key search terms for your research? This section lists options that can be used to view responses.<br />

<strong>ACCT</strong> <strong>540</strong> <strong>DeVry</strong> Week 4 Homework Assignment<br />

Access the IASB and IFRS Foundation website (.ifrs.org/">www.ifrs.org). Click on the "Standards Development" tab<br />

and then "Work Plan for IFRSs." In 2–3 pages (12-point, double spaced), describe three projects in the Work Plan.<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 this<br />

.next.ecollege.com/default/launch.ed?ssoType=DVUHubSSO2&node=node/232">Dropbox Tutorial.<br />

<strong>ACCT</strong> <strong>540</strong> <strong>DeVry</strong> Week 4 <strong>Course</strong> 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 />

Week 4<br />

Gather data from multiple sources and present that data in one to two pages (12-point font, doublespaced).<br />

Be sure to document your<br />

25<br />

sources.<br />

<strong>ACCT</strong> <strong>540</strong> <strong>DeVry</strong> Week 4 On Site Activity Point<br />

Gathering Data<br />

1. Access the IASB Web site (.iasb.org/">www.iasb.org) and list three of its active projects.<br />

2. Access the SEC Web site (.sec.gov/">www.sec.gov), click International Affairs, International Enforcement<br />

Assistance, and list the four types of enforcement cases.<br />

3. Access the AICPA IFRS resource page (.ifrs.com/">www.IFRS.com). What are two featured IFRS news items?<br />

4. Access the IOSCO Web site (.iosco.org/">www.IOSCO.org), click the About IOSCO section, and list the working<br />

committees.


<strong>ACCT</strong> <strong>540</strong> <strong>DeVry</strong> Week 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> Week 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> Week 5 <strong>Course</strong> 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 />

Week 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> Week 5 On Site Activity Point<br />

Organizing Your Research and Additional Research Tools<br />

Week 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?<br />

4.When would one use the Factiva database<br />

5.What insight is offered by the Business and Company Resource database?<br />

<strong>ACCT</strong> <strong>540</strong> <strong>DeVry</strong> Week 6 Discussion<br />

Tax Research (graded)<br />

You are a CPA in practice at a local CPA firm doing individual taxes. A client comes into your office and says that she<br />

has her own business but doesn't want to report all of her income. Considering your risk, the risk to your client, and<br />

ethical considerations, what should you tell her? Remember to include research on the subject! This section lists options<br />

that can be used to view responses.


<strong>ACCT</strong> <strong>540</strong> <strong>DeVry</strong> Week 6 Homework Assignment<br />

Go to the AICPA's Website (.aicpa.org/">www.aicpa.org). Under the "Research" tab, click on "Standards." On the<br />

Standards page, click the "Code of Professional Conduct" link. Click the on the<br />

.aicpa.org/codeofconduct/Ethics.aspx?_ga=1.150892402.574418716.1423696489" title="AICPA<br />

New Code of Conduct">Revised Online Code of Professional Conduct link then expand the topic by clicking the<br />

.equella.ecollege.com/file/ab234493-ea7f-4cef-9813-8a17d9e51445/1/w6assignment.png"> icon. Click on the blue link<br />

.aicpa.org/codeofconduct/Ethics.aspx?_ga=1.117485005.574418716.1423696489">Code of Professional Conduct.<br />

Search for rules 1.700.001 (formerly 301.01) and 1.510.001 (formerly 302.01). Summarize each of these rules in 2–3<br />

pages (12-point, double spaced) and give an example of when a contingent fee would be permitted and another<br />

example of when a contingent fee would not be permitted under this rule. Please give different examples than the ones<br />

in the rule!<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 this<br />

.next.ecollege.com/default/launch.ed?ssoType=DVUHubSSO2&node=node/232">Dropbox Tutorial.<br />

<strong>ACCT</strong> <strong>540</strong> <strong>DeVry</strong> Week 6 <strong>Course</strong> 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 />

Week 6<br />

Develop your recommendations and conclusions and state them and their rationale in one to two<br />

25<br />

pages (12-point font, double-spaced).<br />

<strong>ACCT</strong> <strong>540</strong> <strong>DeVry</strong> Week 6 On Site Activity Point<br />

Tax and Auditing Research, Recommendations, and Conclusions<br />

Explain the difference between tax evasion, tax avoidance, and abusive tax avoidance.<br />

2.Identify tax research goals.<br />

3.Identify and explain the basic steps of the tax research process.<br />

4.Discuss the challenges in tax research.<br />

5.Distinguish between tax compliance and tax planning.<br />

6.Identify the differences between a Treasury Regulation and a Revenue Ruling.<br />

7. Explain the meaning of the term precedent for tax research.<br />

8. What does it mean when the IRS announces a nonacquiescence?<br />

<strong>ACCT</strong> <strong>540</strong> <strong>DeVry</strong> Week 7 Discussion<br />

Ethical Considerations (graded)<br />

Consider your course project and what you have learned in this class. When preparing conclusions, why are ethical<br />

considerations important? What about when preparing recommendations?


<strong>ACCT</strong> <strong>540</strong> <strong>DeVry</strong> Week 7 Homework Assignment<br />

Access the "Litigation" section of the SEC's website at .sec.gov/litigation.shtml">www.sec.gov/litigation.shtml. Click on<br />

"Accounting and Auditing Enforcement Releases." Click on "AAER-3234" filed January 20, 2011. Read the release and<br />

the related SEC Complaint. Summarize the release and complaint in 2-3 pages (12-point, double spaced).<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 this<br />

.next.ecollege.com/default/launch.ed?ssoType=DVUHubSSO2&node=node/232">Dropbo<br />

<strong>ACCT</strong> <strong>540</strong> <strong>DeVry</strong> Week 7 <strong>Course</strong> 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 />

Week 7<br />

Using the guidelines above, prepare a comprehensive research memorandum on the case that<br />

250<br />

you chose.<br />

<strong>ACCT</strong> <strong>540</strong> <strong>DeVry</strong> Week 7 On Site Activity Point<br />

Communicating Your Research<br />

1. Explain two ways to collect evidence.<br />

2. How are keywords used to evaluate and collect evidence?

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