ACCT 540 DeVry Entire Course
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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?