ACCT 540 DeVry Week 4 Complete Work
ACCT 540 DeVry Week 4 Discussion
Key Search Terms (graded)
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.
ACCT 540 DeVry Week 4 Homework Assignment
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.
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ACCT 540 DeVry Week 4 Course Project
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.
|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|
ACCT 540 DeVry Week 4 On Site Activity Point
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.