ACC 541 tutors / acc541tutorsdotcom

1. ACC 541 tutors / acc541tutorsdotcom

2. ACC 541 tutors ACC 541 Entire Course ACC 541 Week 1 DQ 1 ACC 541 Week 1 Individual Assignment Accounting Standards Boards Paper ACC 541 Week 1 DQ 1 ACC 541 Week 1 DQ 2 ACC 541 Week 2 Individual Assignment Client Understanding Paper ACC 541 Week 2 DQ 1 ACC 541 Week 2 DQ 2 ACC 541 Week 3 Individual Assignment Response to Client Request I ACC 541 Week 3 DQ 1 ACC 541 Week 3 DQ 2 What is the importance of the mission of the FASB?

3. ACC 541 tutors ACC 541 Week 1 DQ 2 ACC 541 Week 2 DQ 1 Under current GAAP, goodwill is recorded when purchased. What are the four criteria used for determining if a lease is to be treated as a capital lease? (This question can be expanded to discuss the income statement and balance sheet implications of both a capital lease and an operating lease.)

4. ACC 541 tutors ACC 541 Week 2 DQ 2 ACC 541 Week 3 DQ 1 Under current GAAP, goodwill is recorded when purchased. 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.

5. ACC 541 tutors ACC 541 Week 3 DQ 2 ACC 541 Week 4 DQ 1 On January 1, 2006, Von Company entered into two noncancelable leases for new machines to be used in its manufacturing operations. The first lease does not contain a bargain purchase option; the lease term is equal to 80 percent of the estimated economic life of the machine. The second lease contains a bargain purchase option; the lease term is equal to 50 percent of the estimated economic life of the machine. Discuss contingencies and how they are reported on financial statements. What conditions must be met before a contingency can be charged against income?

6. ACC 541 tutors ACC 541 Week 4 DQ 2 ACC 541 Week 5 DQ 1 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. Explain operating segments of an enterprise.

7. ACC 541 tutors ACC 541 Week 5 DQ 2 ACC 541 Week 6 DQ 1 The concept of adequate disclosure continues to be one of the most important issues facing accountants, and disclosure may take various forms. Discuss the various forms of disclosure available in published financial statements. A corporation may use stock splits and stock dividends to change the number of shares of its stock outstanding. From an accounting viewpoint, explain how the stock split effected in the form of a dividend differs from an ordinary stock dividend.

8. ACC 541 tutors ACC 541 Week 6 DQ 2 What type of accounting or which area of accounting are you planning to enter as your profession? Why?

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