ACCT 540 DeVry Week 5 Complete Work
ACCT 540 DeVry Week 5 Discussion
Codification (graded) Refer to FASB 162 (the hierarchy of accounting information). Why is this hierarchy important, and how can it be applied to conducting research?
ACCT 540 DeVry Week 5 Homework Assignment
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?
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ACCT 540 DeVry Week 5 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 5||Organize and interpret the findings of your research in one to two pages (12-point font, double-spaced).||25|
ACCT 540 DeVry Week 5 On Site Activity Point
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?