ACCT 540 DeVry Entire Course

ACCT 540 DeVry Week 7 Homework Assignment
Access the "Litigation" section of the SEC's website at .sec.gov/litigation.shtml">www.sec.gov/litigation.shtml. Click on
"Accounting and Auditing Enforcement Releases." Click on "AAER-3234" filed January 20, 2011. Read the release and
the related SEC Complaint. Summarize the release and complaint in 2-3 pages (12-point, double spaced).
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">Dropbo
ACCT 540 DeVry Week 7 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 7
Using the guidelines above, prepare a comprehensive research memorandum on the case that
250
you chose.
ACCT 540 DeVry Week 7 On Site Activity Point
Communicating Your Research
1. Explain two ways to collect evidence.
2. How are keywords used to evaluate and collect evidence?