ACCT 540 (ACCT 540)

You have been hired as a consultant to advise on how to present the tax differences between books and tax returns on the balance sheet of RFH company. There are a few questionable items which the curr ent controller Mary Sims is confused as to proper presentation. The timing differences are $1,5000,000 as a result of depreciation timing difference (books S-L versus MACRS tax return). There also was a bad debt reserve increase from the prior year of $250,000. RFH Company is a manufacturing compan...

ACCT 540 Week 7 Homework Assignment: Litigation AAER-3234 Sec Charges Arizona-Based Health Food Company And Former Executives With Accounting Fraud

ACCT 540 Week 6 Homework Assignment; AICPA Code of Professional Conduct Section 1.700.001 – The Confidential Client Information Rule Section 1.510.001 – The Contingent Fees Rule References

ACCT 540 Week 3 Homework Assignment: FASB Codification Reviews I. The codification database is essential for being able to streamline all of the standards and principles into a single lookup source for research. II. The three goals of the codification database are to 1) combine the sources of generally accepted accounting standards into one single source for easier access; 2) to have a guarantee that the information within the database is accurate; and 3) to institute a database that will remai...

ACCT 540 Week 2 Homework Assignment: Review of Starbucks MD&A The Management’s Discussion & Analysis section is the basis of observations from the SEC staff. The SEC is mandated by the Sarbanes Oxley Act (SOX) to review company at least once every three years. In this section, it articulates a summary of the company so investors get a glimpse. The section focuses on the challenges and risks that could impact either the company’s cash flow situation or the results of operations. In regards to...

ACCT 540 Week 1 Homework Assignment: FASB Statements Statement No. 165 – Subsequent Events (Issue Date 05/09) Statement No. 166 – Accounting for Transfers of Financial Assets—an amendment of FASB Statement No. 140 (Issue Date 06/09) Statement No. 167 -Amendments to FASB Interpretation No. 46(R) (Issue Date 06/09) Statement No. 168 – The FASB Accounting Standards Codification® and the Hierarchy of Generally Accepted Accounting Principles—a replacement of FASB Statement No. 162 (Issue D...

ACCT 540 Week 4 Discussion Board Q&A 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? Search the SEC’s Website () and locate where you search for company filings under “Filings and Forms.” Perform a search on one of your favorite public companies and locate their latest 10-K filing. Review this document and share one of the company’s significant accounting policies. This...

ACCT 540 Week 3 Discussion Board Q&A (Version 2) Refer to FASB 162 (the hierarchy of accounting information). Why is this hierarchy important, and how can it ……… to conducting research? Log onto the DeVry University online library () and click on LexisNexis. Search for your favorite company and tell the class something interesting that you found!

ACCT 540 Week 2 Discussion Board Q&A Why is it important for accountants to use effective writing skills? Describe a situation where effective writing skills are important. When performing accounting research, how would you go about identifying the problem statement? Do you think the problem statement could change as your research progresses?

ACCT 540 Week 1 Discussion Board Q&A In general, what are the reasons for conducting research? What types of research have you conducted in the past? Select one of the AICPA, FASB, GASB, IRS, IASB, or EITF and describe what its function is. Are there any more? ACCT 540 Week 1 Homework Assignment