Category Archives: ACC 407 (ASH)

ACC 407 Week 5 Final Paper FAS

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The final assignment for this course is a Final Paper. The purpose of the Final Paper is for you to culminate the learning achieved in the course by describing your understanding and application of knowledge in the field of accounting. The Final Project represents 25% of the overall course grade. 

Focus of the Final Paper 

Assignment Instructions:

The purpose of the Final Paper is for you to culminate the learning achieved in the course by describing your understanding and applying your knowledge and research in the field of accounting. Select one of the major topics listed below to analyze:

Accounting standards for business combinations: What is the history for accounting for business combinations?

Identify and discuss the Financial Accounting Standards (FAS) that govern business combinations and consolidations?

Evaluate the reasons for business combination including the advantages and disadvantages for both the acquirer and acquiree. Identify and discuss the financial and nonfinancial factors that should be considered by both parties. What are some acquisition tactics and defenses, i.e. leveraged buyout?

The use of hedging in relation to foreign currency transactions: Demonstrate a foreign currency transaction by providing an example. Evaluate the risks associated with foreign currency transaction. Describe hedging and how hedging is used to mitigate the risks of foreign currency transactions? Discuss the pros and cons of hedging.

Accounting for partnerships – Discuss the advantages and disadvantages of partnerships. Identify and discuss the Financial Accounting Standards (FAS) that govern accounting for partnerships including both creation, operation, and liquidation. What are the tax consequences of partnerships.

International accounting standards (IFRS) – Distinguish the general differences between IFRS and US GAAP. Identify and discuss the advantages and disadvantages of IFRS. Evaluate the need for a set of wholly accepted international standards. What is the status of the upcoming convergence to IFRS for the US?

In relation to the topics covered in this course, business combinations and partnerships, how do IFRS and US GAAP differ and which set of standards are more advantageous to the entity? 

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ACC 407 Week 5 DQ 2 Interim Reporting Case C13-3

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In responding to the discussion question, be sure to fully address the question identified for the case. Consider using additional resources outside the textbook in addressing the case – these resources should be cited according to APA style.

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ACC 407 Week 5 DQ 1 Accounting for Hedges of Available-for-Sale Securities Complete Case C11-6

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In responding to the discussion question, be sure to fully address the question identified for the case. Consider using additional resources outside the textbook in addressing the case – these resources should be cited according to APA style.

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ACC 407 Week 4 DQ 2 Intercompany Debt Complete Case C8-5 Question (a) only

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In responding to the discussion question, be sure to fully address the question identified for the case. Consider using additional resources outside the textbook in addressing the case – these resources should be cited according to APA style.

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ACC 407 Week 4 DQ 1 Measuring Cost of Goods Sold Complete Case C6-1

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In responding to the discussion question, be sure to fully address the question identified for the case. Consider using additional resources outside the textbook in addressing the case – these resources should be cited according to APA style

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ACC 407 Week 4 Assignment Consolidation Process with Intercompany Transactions Complete E6-8, E7-8, and E7-9

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Consolidation Process with Intercompany Transactions. Complete E6-8, E7-8, and E7-9

As part of your homework submission, be sure to show your work not just the final answer. Partial credit is awarded for your effort as well as accuracy. Showing your work demonstrates your understanding of the concept even if the final answer is incorrect.
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ACC 407 Week 3 DQ 2 Taking Account of Ethics

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Taking Account of Ethics. Access the AICPA’s Code of Professional Conduct. Focusing on Section 100, ET Section 102 – Integrity and Objectivity choose two sub-sections of your choice,analyze their applicability to accounting practices today. Use the online Library databases to find information or an example that supports your analysis for each topic.

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ACC 407 Week 3 DQ 1 Negative Retained Earnings Complete Case C4-3

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a.  Explain how Sloan’s negative retained earnings balance is reflected in the consolidated balance sheet immediately following the acquisitions.

b.  Explain how the existence of negative retained earnings changes the consolidation worksheet entries.

c.  Can goodwill be recorded if Jacobs pays more than book value for Sloan’s shares? Explain.

In responding to the discussion question, be sure to fully address the question identified for the case. Consider using additional resources outside the textbook in addressing the case – these resources should be cited according to APA style.

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ACC 407 Week 3 Assignment Consolidation Problems Complete P5-38

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As part of your homework submission, be sure to show your work not just the final answer. Partial credit is awarded for your effort as well as accuracy. Showing your work demonstrates your understanding of the concept even if the final answer is incorrect.

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ACC 407 Week 2 DQ 2 Choice of Accounting Method Complete Case C2-1

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A.      What factor should be considered in determining whether equity-method reporting is appropriate?

B.      Which of the two methods is likely to show the larger reported contribution to Slanted’s earning is in 20×4? Explain.

C.      Why might the use of the equity method become more appropriate as the percentage of ownership increases?

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