ACCT 540 DeVry Entire Course
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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 />
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<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.
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