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Week 1DQ 1Partnership Agreements. Complete Case C15-1In responding to the discussion question, be sure to address all the questions for the case. Consider using additional resources outside the textbook in addressing the case – these resources should be cited according to APA style.Post on or before Day 3. Respond to at least two of your classmates’ posts by Day 7.DQ 2Partnership Liquidation. Complete Case C16-6.Follow the case instructions to enter the SEC’s EDGAR site. Please also follow these supplemental instructions: After conducting an initial search, click on the red link at page bottom to see all documents. 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.Post on or before Day 3. Respond to at least two of your classmates’ posts by Day 7.Week 1 AssignmentPartnership Problems. Complete E16-8.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.Week 2DQ1Risk Associated with Acquisitions. Complete Case C1-6In 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.DQ 2Choice of Accounting Method. Complete Case C2-1In 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.Week 2 AssignmentConsolidation Problems. Complete P1-37 and P3-31As 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.Week 3DQ 1Negative Retained Earnings. Complete Case C4-3In 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.DQ 2Taking 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.Week 3 AssignmentConsolidation Problems. Complete P5-38As 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.
Week 4DQ 1Measuring Cost of Goods Sold. Complete Case C6-1In 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.DQ 2Intercompany Debt. Complete Case C8-5 Question (a) onlyIn 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.Week 4 AssignmentConsolidation Process with Intercompany Transactions. Complete E6-8, E7-8, and E7-9As 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.Week 5DQ 1Accounting for Hedges of Available-for-Sale Securities. Complete Case C11-6In 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.DQ 2Interim Reporting. Complete Case C13-3In 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.Week 5 AssignmentFinal PaperThe 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 PaperAssignment 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? More advantageous to the investor or creditor?
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