FOR MORE CLASSES VISIT www. acc541tutors.com 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 ACC 541 Week 4 Individual Assignment Response to Client Request II ACC 541 Week 4 DQ 1 ACC 541 Week 4 DQ 2 ACC 541 Week 5 Individual Assignment Reporting Paper ACC 541 Week 5 DQ 1 ACC 541 Week 5 DQ 2 ACC 541 Week 6 Team Assignment Auditing a Publicly Traded Company ACC 541 Week 6 DQ 1 ACC 541 Week 6 DQ 2

2. ACC 541 Entire Course
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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

3. ACC 541 Week 1 DQ 1
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What is the importance of the mission of the FASB?

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

5. ACC 541 Week 1 Individual Assignment Accounting Standards
Boards Paper
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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
• An explanation of how the MSA program prepares the student for a
professional life within the accounting vocation

6. ACC 541 Week 2 DQ 1
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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.)

7. ACC 541 Week 2 DQ 2
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Under current GAAP, goodwill is recorded when purchased.

8. ACC 541 Week 2 Individual Assignment Client Understanding Paper
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As a newly hired Staff I, you are responsible for analyzing the work
papers for one of the clients of your organization. Your client is not clear
about why you are asking for information on the following topics:
• Adjusting lower cost of market inventory on valuation
• Capitalizing interest on building construction
• Recording gain or loss on asset disposal
• Adjusting goodwill for impairment

9. ACC 541 Week 3 DQ 1
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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.

10. ACC 541 Week 3 DQ 2
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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.

11. ACC 541 Week 3 DQ 2
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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.

12. ACC 541 Week 4 DQ 1
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Discuss contingencies and how they are reported on financial statements.
What conditions must be met before a contingency can be charged
against income?

13. ACC 541 Week 4 DQ 2
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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.

14. ACC 541 Week 4 Individual Assignment Response to Client Request
II
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Your client is being sued. You have asked the client’s lawyer about the
possibility of losing the lawsuit. The client, meanwhile, has asked you to
describe what would happen to his or her financial statements. The client
has also informed you that by losing the lawsuit, he or she anticipates
losing the mortgage and has started talking to a mortgage lender. The
client wants to know if part of the debt is forgiven, or if the mortgage is
rewritten, or if the mortgage will be rewritten if he or she files Chapter
11.

15. ACC 541 Week 5 DQ 1
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Explain operating segments of an enterprise.

16. ACC 541 Week 5 DQ 2
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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.

17. ACC 541 Week 5 Individual Assignment Reporting Paper
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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.

18. ACC 541 Week 6 DQ 1
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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.

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

20. ACC 541 Week 6 Team Assignment Auditing a Publicly Traded
Company
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Write a 700- to 1,050-word executive memo as a team that includes a
description of what you will look for to see if the client is consistent with
the generally accepted accounting principles (GAAP). Pay particular
attention to accounting treatment of share-based payment and accounting
consolidation theory as it relates to special purpose entities. Keep the
memo as brief as possible while fully exploring the issues.