ACCT 540 DeVry Week 4 Complete Work
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<strong>ACCT</strong> <strong>540</strong> <strong>DeVry</strong> <strong>Week</strong> 4 <strong>Complete</strong> <strong>Work</strong><br />
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<strong>ACCT</strong> <strong>540</strong> <strong>DeVry</strong> <strong>Week</strong> 4 <strong>Complete</strong> <strong>Work</strong><br />
<strong>ACCT</strong> <strong>540</strong> <strong>DeVry</strong> <strong>Week</strong> 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> <strong>Week</strong> 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 "<strong>Work</strong> Plan for IFRSs." In 2–3 pages (12-point, double spaced), describe three projects in the <strong>Work</strong> 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> <strong>Week</strong> 4 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> 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> <strong>Week</strong> 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.
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.
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