ACCT 540 DeVry Entire Course
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<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?