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ACC 541 Entire Course
ACC 541 Week 1 DQ 1
Week 1 – DQ 1
What is the importance of the mission of the FASB?
ACC 541 Week 1 DQ 2
ACC 541 Week 1 Individual Assignment Accounting Standards Boards Paper
The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) are currently working on a joint venture referred to as the convergence project.
Write a 1,050- to 1,400-word paper describing the relationship between the IASB and the FASB. Include the following in your paper:
· A brief history of the relationship between the two boards and the IASB equivalents of the FASB original pronouncements
ACC 541 Week 2 DQ 1
ACC 541 Week 2 DQ 2
Week 2 – DQ 2
Under current GAAP, goodwill is recorded when purchased.
ACC 541 Week 2 Individual Assignment Client Understanding Paper
ACC 541 Week 3 DQ 1
Week 3 – DQ 1
Capital leases and operating leases are the two classifications of leases described in FASB pronouncements from the standpoint of the lessee.
Describe how an operating lease would be accounted for by the lessee both at the inception of the lease and during the first year of the lease, assuming the lessee makes equal monthly payments at the beginning of each month of the lease.
ACC 541 Week 3 DQ 2
ACC 541 Week 3 Individual Assignment Response to Client Request I
While working on a consulting engagement, a supervisor in your team has given you an assignment. The client is a regional trucking company. A new customer has approached the client with an opportunity that would require 120 trailers—20 more than the trucking company currently owns. The client is uncertain how long the relationship with the customer may last, but the deal has the potential for significant growth.
ACC 541 Week 4 DQ 1
ACC 541 Week 4 DQ 2
Week 4 – DQ 2
The two basic requirements for the accrual of a loss contingency are supported by several basic concepts of accounting. Four of these concepts are periodicity (time periods), measurement, objectivity, and relevance.
Discuss how the two basic requirements for accrual of a loss contingency relate to the four concepts listed above.
ACC 541 Week 4 Individual Assignment Response to Client Request II
ACC 541 Week 5 DQ 1
Week 5 – DQ 1
Explain operating segments of an enterprise.
ACC 541 Week 5 DQ 2
ACC 541 Week 5 Individual Assignment Reporting Paper
You are a controller in a midsized manufacturing company that has acquired 100% of another company. The acquired company includes two segments and two different pension plans. Both of these reporting issues are new to your CEO, and your CEO wants to eliminate the segments.
ACC 541 Week 6 DQ 1
ACC 541 Week 6 DQ 2
Week 6 – DQ 2
What type of accounting or which area of accounting are you planning to enter as your profession? Why?
ACC 541 Week 6 Team Assignment Auditing a Publicly Traded Company