Acct 540 Education Specialist -snaptutorial.com

ACCT 540 Course Project Week 8
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ACCT 540 Course Project Week 8
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ACCT 540 Week 1 Course Project
Case 3
You have been hired as a consultant for ABC Investment Group.
ABC incorporated in 1999 and manages investment portfolios for
small to medium size companies. The Director of the company is not
up to speed on how unrealized gains and losses as well as realized
gains and losses on bonds should be accounted for. The Director has
been told that under certain conditions unrealized gains and losses can
be accounted for in the income statement and accounted for as part of

other comprehensive income under other conditions. The Director is
also unclear as to how to determine whether a security is impaired and
how to determine the amount that is required to be written down. You
have been asked to look into these issues and determine the proper
accounting treatment for bonds.
Milestones Points
Week 1 Choose a case from the Doc Sharing area (the silver
tab located on the top of this page). In a minimum of 5 to 7 sentences,
describe your initial thoughts regarding the case and the challenges
you feel you will face with regards to the depth and complexity of the
issues that will be addressed 25
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ACCT 540 Week 1 Discussion Research
Research
In general, what are the reasons for conducting research? What types
of research have you conducted in the past? This section lists options
that can be used to view responses.

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ACCT 540 Week 1 Homework Assignment
FASB Pre- Codification Standards
Access the FASB website by clicking on the FASB Codification
Access link under Course Home. Click the log in screen link
.org/ascLogin.cfm”>http://aaahq.org/ascLogin.cfm. Enter your
Username and Password provided by your professor and click the
FASB Accounting Standards Codification link. Find and click the
Pre-Codification Standards/FASB Pronouncements and EITF
Abstracts link on the bottom left side of the landing page. Thoroughly
read the last four standards issued. Describe each standard and what it
added to the existing authoritative accounting literature. Please write
1 page (12-point, double spaced) on each standard.
Submit your assignment to the Dropbox located on the silver tab at
the top of this page. For instructions on how to use the Dropbox, read
these
.next.ecollege.com/default/launch.ed?ssoType=DVUHubSSO2&node
=node/184″>step-by-step instructions or watch this
=node/232″>Dropbox Tutorial. See the Syllabus section “Due Dates
for Assignments & Exams” for due date information.

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ACCT 540 Week 1 On Site Activity Point
Accounting Research
Week One Class Activity
1. Explain how the research process adds value to the services offered
by an accounting firm.
2. What consequences are considered in the standard-setting process?
3. Explain the importance of identifying keywords when identifying
relevant facts and issues.
4. Explain the five basic steps involved in the research process.
5. Discuss how research can support or refute a biased alternative.
6. Explain what is meant by problem distillation and its importance in
the research process.
7. What skills are important and tested on the CPA exam?

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Case 3
Milestones Points
Week 2 In a minimum of 5 to 7 sentences, summarize the
background of your case and indicate any assumptions that you are
making regarding the case. Define your problem statement and
research question(s). 25

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ACCT 540 Week 2 Discussion Effective
Writing
Effective Writing
Why is it important for accountants to use effective writing skills?
Describe a situation where effective writing skills are important. This
section lists options that can be used to view responses.
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Management ‘s Decisions and Analysis of
Financial Condition and Result of Operations

Please complete the below problems and submit your answers in a
Word document.
Go to the SEC’s website (.sec.gov/”>www.sec.gov) and click on
“search for company filings” under “filings and forms.”
On the next page, click “Company or fund name, ticker symbol, CIK
(Central Index Key), file number, state, country, or SIC (Standard
Industrial Classification)” to search for a company.
On the next page, search for Starbucks by using their ticker symbol
“SBUX.”
Scroll down on the next page until you see their 10-K filing and click
on “Documents.”
Click on the first document’s link: “d10k.htm.”
Retrieve Item 7 – their “Management’s Discussion and Analysis of
Financial Condition and Results of Operations” (MD&A).
In a 2–3 page paper (12-point, double spaced), summarize their
MD&A and critique it based on the SEC.
these
=node/184″>step-by-step instructions or watc

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Problem Identification and Research Questions
Rewrite the following sentences into shorter, more concise sentences
while maintaining the main points of the sentence.
For good reasons, the secretary may grant extensions of time in 30-
day increments for filing of the lease and all required bonds, provided
that additional extensions requests are submitted and approved before
the expiration of the original 30 days or the previously granted
extension.
If the State agency finds that an individual has received a payment to
which the individual was not entitled, whether or not the payment was
due to the individual’s fault or misrepresentation, the individual shall
be liable to repay to the State the total sum of the payment to which
the individual was not entitled.
Universities differ greatly in style, with some being located on out of
town campuses in parkland, others having buildings scattered about
parts of city centers and others being at various points between these
two extremes.

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Case 3
Milestones Points
Week 3 In a minimum of 5 to 7 sentences, identify the key
terms in your case and state why you believe each is relevant to your
case. 25

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ACCT 540 Week 3 Discussion Internet Search
Internet Search
Perform an Internet search on any tax, law, accounting or auditing
topic in which you are interested. Summarize and provide a general
explanation of what the topic covers. Please attach the article to your
post.
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FASB Codification

.equella.ecollege.com/file/3d17f0e5-2ff2-4a8b-b4ae-
60999024bae2/1/documents–
ac540_w3_homework_instruction.docx”>Click here to download the
instruction. (The instruction can also be found in the Doc Sharing
area.)
these
=node/232″>Dropbox Tutorial.
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Identification of Key Search Criteria

What are the implications of GAAP and authoritative support to the
researcher?
1. To conduct efficient research, where should one start in reviewing
the accounting literature in search of a solution to a problem?
2. How can the promulgation of an accounting standard impact
economic behavior? Discuss a specific example.
3. Distinguish between primary authoritative support and secondary
authoritative support. EXERCISES
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Case 3

Milestones Points
Week 4 Gather data from multiple sources and present that
data in one to two pages (12-point font, double-spaced). Be sure to
document your sources. 25
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ACCT 540 Week 4 Discussion Key Search
Terms
Key Search Terms
Your company has determined that they have made an error in the
financial statements. What questions would you ask to determine the
key search terms for your research? This section lists options that can
be used to view responses.

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IFRS Work Plan - Projects
Access the IASB and IFRS Foundation website
(.ifrs.org/”>www.ifrs.org). Click on the “Standards Development” tab
and then “Work Plan for IFRSs.” In 2–3 pages (12-point, double
spaced), describe three projects in the Work Plan.
these
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Gathering Data
1. Access the IASB Web site (.iasb.org/”>www.iasb.org) and list
three of its active projects.
2. Access the SEC Web site (.sec.gov/”>www.sec.gov), click
International Affairs, International Enforcement Assistance, and list
the four types of enforcement cases.
3. Access the AICPA IFRS resource page
(.ifrs.com/”>www.IFRS.com). What are two featured IFRS news
items?
4. Access the IOSCO Web site (.iosco.org/”>www.IOSCO.org), click
the About IOSCO section, and list the working committees.
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ACCT 540 Week 5 Assignment Sample Brief
Memorandum

Codification
Refer to FASB 162 (the hierarchy of accounting information). Why
is this hierarchy important, and how can it be applied to conducting
research?
Read Appendix A, Sample Brief Memorandum, which starts on page
189 of our textbook. In 2–3 pages (12-point font, double spaced),
critique the memorandum based on what we’ve learned so far in the
course. For example, does the memorandum use the SEC’s plain
English concepts and cite authoritative sources?
these
=node/184″>step-by-step instructions or watch t
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Case 3
Milestones Points
Week 5 Organize and interpret the findings of your research in
one to two pages (12-point font, double-spaced).
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25

Organizing Your Research and Additional Research Tools
Week Five Class Activity
1.What are the advantages of S&P’s Net Advantage?
2.When would one use Mergent Online?
3.What does the Thomson Research database cover?
4.When would one use the Factiva database
5.What insight is offered by the Business and Company Resource
database?
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Case 3

Milestones Points
Week 6 Develop your recommendations and conclusions and
state them and their rationale in one to two pages (12-point font,
double-spaced). 25
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ACCT 540 Week 6 Discussion Tax Research
Tax Research

You are a CPA in practice at a local CPA firm doing individual taxes.
A client comes into your office and says that she has her own business
but doesn’t want to report all of her income. Considering your risk,
the risk to your client, and ethical considerations, what should you tell
her? Remember to include research on the subject! This section lists
options that can be used to view responses.
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ACCT 540 Week 6 Homework
AssignmentCode of Professional Conduct
AICPA
Go to the AICPA’s Website (.aicpa.org/”>www.aicpa.org). Under the
“Research” tab, click on “Standards.” On the Standards page, click
the “Code of Professional Conduct” link. Click the on the
.aicpa.org/codeofconduct/Ethics.aspx?_ga=1.150892402.574418716.1
423696489″ title=”AICPA
New Code of Conduct”>Revised Online Code of Professional
Conduct link then expand the topic by clicking the
.equella.ecollege.com/file/ab234493-ea7f-4cef-9813-
8a17d9e51445/1/w6assignment.png”> icon. Click on the blue link

.aicpa.org/codeofconduct/Ethics.aspx?_ga=1.117485005.574418716.1
423696489″>Codeof Professional Conduct. Search for rules
1.700.001 (formerly 301.01) and 1.510.001 (formerly 302.01).
Summarize each of these rules in 2–3 pages (12-point, double spaced)
and give an example of when a contingent fee would be permitted and
another example of when a contingent fee would not be permitted
under this rule. Please give different examples than the ones in the
rule!
these
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Tax and Auditing Research, Recommendations, and Conclusions

Explain the difference between tax evasion, tax avoidance, and
abusive tax avoidance.
2.Identify tax research goals.
3.Identify and explain the basic steps of the tax research process.
4.Discuss the challenges in tax research.
5.Distinguish between tax compliance and tax planning.
6.Identify the differences between a Treasury Regulation and a
Revenue Ruling.
7. Explain the meaning of the term precedent for tax research.
8. What does it mean when the IRS announces a nonacquiescence?
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Case 3

Milestones Points
Week 7 Using the guidelines above, prepare a comprehensive
research memorandum on the case that you chose. 250
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ACCT 540 Week 7 Discussion Ethical
Considerations
Ethical Considerations

Consider your course project and what you have learned in this class.
When preparing conclusions, why are ethical considerations
important? What about when preparing recommendations?
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Accounting Release and SEC Complaint
Access the “Litigation” section of the SEC’s website at
.sec.gov/litigation.shtml”>www.sec.gov/litigation.shtml. Click on
“Accounting and Auditing Enforcement Releases.” Click on “AAER-
3234″ filed January 20, 2011. Read the release and the related SEC
Complaint. Summarize the release and complaint in 2-3 pages (12-
point, double spaced).
these

=node/232”>Dropbo
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Communicating Your Research
1. Explain two ways to collect evidence.
2. How are keywords used to evaluate and collect evidence?
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