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ACCT 540 DeVry Entire Course

ACCT

ACCT 540 DeVry Week 3 On Site Activity Point Identification of Key Search Criteria What are the implications of GAAP and authoritative support to the researcher? 1. To conduct efficient research, where should one start in reviewing the accounting literature in search of a solution to a problem? 2. How can the promulgation of an accounting standard impact economic behavior? Discuss a specific example. 3. Distinguish between primary authoritative support and secondary authoritative support. EXERCISES ACCT 540 DeVry Week 4 Discussion Key Search Terms (graded) Your company has determined that they have made an error in the financial statements. What questions would you ask to determine the key search terms for your research? This section lists options that can be used to view responses. ACCT 540 DeVry Week 4 Homework Assignment Access the IASB and IFRS Foundation website (.ifrs.org/">www.ifrs.org). Click on the "Standards Development" tab and then "Work Plan for IFRSs." In 2–3 pages (12-point, double spaced), describe three projects in the Work Plan. Submit your assignment to the Dropbox located on the silver tab at the top of this page. For instructions on how to use the Dropbox, read these .next.ecollege.com/default/launch.ed?ssoType=DVUHubSSO2&node=node/184">step-bystep instructions or watch this .next.ecollege.com/default/launch.ed?ssoType=DVUHubSSO2&node=node/232">Dropbox Tutorial. ACCT 540 DeVry Week 4 Course Project Case 3 You have been hired as a consultant for ABC Investment Group. ABC incorporated in 1999 and manages investment portfolios for small to medium size companies. The Director of the company is not up to speed on how unrealized gains and losses as well as realized gains and losses on bonds should be accounted for. The Director has been told that under certain conditions unrealized gains and losses can be accounted for in the income statement and accounted for as part of other comprehensive income under other conditions. The Director is also unclear as to how to determine whether a security is impaired and how to determine the amount that is required to be written down. You have been asked to look into these issues and determine the proper accounting treatment for bonds. Milestones Points Week 4 Gather data from multiple sources and present that data in one to two pages (12-point font, doublespaced). Be sure to document your 25 sources. ACCT 540 DeVry Week 4 On Site Activity Point Gathering Data 1. Access the IASB Web site (.iasb.org/">www.iasb.org) and list three of its active projects. 2. Access the SEC Web site (.sec.gov/">www.sec.gov), click International Affairs, International Enforcement Assistance, and list the four types of enforcement cases. 3. Access the AICPA IFRS resource page (.ifrs.com/">www.IFRS.com). What are two featured IFRS news items? 4. Access the IOSCO Web site (.iosco.org/">www.IOSCO.org), click the About IOSCO section, and list the working committees.

ACCT 540 DeVry Week 5 Discussion Codification (graded) Refer to FASB 162 (the hierarchy of accounting information). Why is this hierarchy important, and how can it be applied to conducting research? ACCT 540 DeVry Week 5 Homework Assignment Read Appendix A, Sample Brief Memorandum, which starts on page 189 of our textbook. In 2–3 pages (12-point font, double spaced), critique the memorandum based on what we've learned so far in the course. For example, does the memorandum use the SEC's plain English concepts and cite authoritative sources? Submit your assignment to the Dropbox located on the silver tab at the top of this page. For instructions on how to use the Dropbox, read these .next.ecollege.com/default/launch.ed?ssoType=DVUHubSSO2&node=node/184">step-bystep instructions or watch t ACCT 540 DeVry Week 5 Course Project Case 3 You have been hired as a consultant for ABC Investment Group. ABC incorporated in 1999 and manages investment portfolios for small to medium size companies. The Director of the company is not up to speed on how unrealized gains and losses as well as realized gains and losses on bonds should be accounted for. The Director has been told that under certain conditions unrealized gains and losses can be accounted for in the income statement and accounted for as part of other comprehensive income under other conditions. The Director is also unclear as to how to determine whether a security is impaired and how to determine the amount that is required to be written down. You have been asked to look into these issues and determine the proper accounting treatment for bonds. Milestones Points Week 5 Organize and interpret the findings of your research in one to two pages (12-point font, doublespaced). 25 ACCT 540 DeVry Week 5 On Site Activity Point Organizing Your Research and Additional Research Tools Week Five Class Activity 1.What are the advantages of S&P’s Net Advantage? 2.When would one use Mergent Online? 3.What does the Thomson Research database cover? 4.When would one use the Factiva database 5.What insight is offered by the Business and Company Resource database? ACCT 540 DeVry Week 6 Discussion Tax Research (graded) You are a CPA in practice at a local CPA firm doing individual taxes. A client comes into your office and says that she has her own business but doesn't want to report all of her income. Considering your risk, the risk to your client, and ethical considerations, what should you tell her? Remember to include research on the subject! This section lists options that can be used to view responses.

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