Skip to main content

Accounting

answer the following 8 Accounting,

DISCUSSION 1: “Accounting Standards”
– Go to GASB Website, located at http://www.gasb.org. Under the tab About GASB, read: Mission, Vision, and Core Values; Facts About GASB; and the Full Strategic Plan. Be prepared to discuss.
– Go to http://www.fasb.org. Read the mission statement of FASB and be prepared to discuss.

Then, respond to the following:
• From the e-Activities, assess the role of GASB and its effectiveness with achieving its mission. Explain if the GASB’s oversight of governmental accounting is as effective as the FASB’s over financial standards for-profit entities.
• Discuss the differences between governments, not-for-profits, and for-profit businesses and how those differences affect financial reporting. Provide specific examples to support your response.
DISCUSSION 2: “Government Reporting”
• Determine the difficulties of developing principles that are appropriate for governments within different categories (i.e., cities versus countries), as well as the best way to address those difficulties.
• Discuss possible solutions to the difficulties of establishing principles that enable governments to satisfy all three elements of GASB’s first objective of financial reporting in a single statement of revenue and expenditures or balance sheet.
DISCUSSION 3: “IFRS versus US GAAP”
– Click here to compare and contrast information related to leases for IFRS and US GAAP.

Then, respond to the following:
• Discuss the similarities and differences between the indicators of finance leases under IFRS and the criteria for capitalizing leases under U.S. GAAP.
• Explain which approach you believe most accurately reflects the information on the financial statements.
DISCUSSION 4: “Accounting Irregularities at Xerox”
• Discuss the business environment at Xerox and the factors that may have motivated fraudulent activity.
• Evaluate the alleged accounting errors and the materiality of each. Discuss whether or not you believe that the lease activity at Xerox was fraudulent.
DISCUSSION 5: “Property Taxes and Nonexchange Transactions”
– Go to the GASB Website to read the article titled “Summary of Statement No. 33,” dated December, 1998, located at https://ift.tt/38GeRYo. Be prepared to discuss.

Then, respond to the following:
• Discuss how property taxes are treated differently in the governmental funds statements as opposed to the governmental wide statements? Do you agree with this treatment? Why or why not?
• From the e-Activity, discuss the accounting treatment of nonexchange transactions with a focus on the difference between government-mandated and voluntary nonexchange transactions. Evaluate the potential impact of time restrictions on revenue recognition for nonexchange transactions. Rationalize the difference in time restrictions for mandatory nonexchange reporting and voluntary nonexchange reporting.
DISCUSSION 6: “Revenue Recognition”
– Go to the GASB Website to read the article titled “GASB Establishes Symmetry between Recipients and Providers in Accounting for Certain Shared Revenues”, dated May 5, 2000, located at https://ift.tt/2wktwKL. Be prepared to discuss.

Then, respond to the following:
• From the e-Activity, identify the potential issues resulting if Statement No.36 had not been issued by GASB. Assess whether or not GAAP require similar treatment for revenue recognition for nongovernmental entities and provide a rationale for any differences in treatment.
• Evaluate Statement No. 36 and GAAP revenue recognition requirement. Provide a rationale for the differences in accounting treatment.
DISCUSSION 7: “IFRS vs. GAAP – Earnings per Share”
– Click here to review the information.

Then, respond to the following:
• Discuss the significant differences between the two approaches. Identify which you prefer and state why.
• The convergence process is likely to lead to the acceptance of the IFRS approach. Explain whether or not you agree with this decision.
DISCUSSION 8: “Arby’s Acquires Wendy’s”
• Discuss the concerns the SEC has when requiring 5% or more ownership in a publically traded company to be disclosed.
• Discuss how a company’s board of directors can impact the operational and financial performance of the company.
• Determine whether or not Triarc’s acquisition of Wendy’s through a stock swap was good for either company and state your rationale.



Comments

Post a Comment

Popular posts from this blog

Apply duty-based ethical theories to contemporary moral issues

Instructions In this research-based assessment, you will be applying a Kantian perspective to a contemporary moral issue. Current contemporary moral issues range from genetic engineering to issues related to the use of torture in wartime. For this assessment you will need to research contemporary moral issues and select one that will be the focus of your paper as you apply the Kantian perspective. Once you select your moral issue, you will need to address the following in a properly formatted research paper. · Explain what duty is according to Kant and how this view differs from other senses of duty. · Describe the relationship between a good will and duty for Kant. · Differentiate the two formulations of the Categorical Imperative. · How do these formulations apply to your selected contemporary moral issue? · Using the foundation of Kant’s moral theory explain how there is a moral duty for your selected contemporary moral issues. · Express your view as a maxim. · How feasible is it to...
Post a Comment
Read more

A close, critical analysis of a set passage from Beowulf

Length:          500 words (excluding quotations)   Topic   Discuss in detail one of the following passages Beowulf .   Payattention to the poem’s language, and to the themes, issues,and questions the poem raises. If you choose to discuss the passage from locate the passage in relation to the poem as a whole, but focus on the extract.   Click here for more on this paper ……. Click here to have a similar A+ quality paper done for you by one of our writers within the set deadline at a discounted What do you find effective or compelling or memorableabout the text?  How does the language of the poem contribute to these effects?       Marking Criteria for the Short Essay   A Short Essay receiving the highest mark is one which:   has a clear, focussed, and unified argument. (Can you say in one very simple sentence what it is that you are trying to argue in the essay?  If yo...
Post a Comment
Read more

ElectroMyCycle

ElectroMyCycle, a manufacturer of a new electric motorcycle, has chosen you to design a new network that will let the company scale to a larger size. You learned that ElectroMyCycle’s network will support about 200 employees. The network will include a data center and a new state-of-the-art manufacturing facility. Users in the campus network will access the servers in the data center from their PCs. For online sales, ElectroMyCycle plans to have a DMZ that connects a web server, a DNS server, and an email server. ElectroMyCycle also plans to open a branch sales office in a city that is about 500 miles from ElectroMyCycle’s headquarters.   Design and document an IP addressing scheme to meet ElectroMyCycle’s needs. Specify which IP address blocks will be assigned to different modules of your network design. Document whether you will use public or private addressing for each module. Document whether you will use manual or dynamic addressing for each module. Specify where (if anywher...
Post a Comment
Read more