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FOR MORE CLASSES VISIT<br>www.acc573nerd.com<br><br>1. To calculate a company's average tax rate an analyst would<br>2. The accumulated benefit obligation measures<br>3. The major difference between accounting for pensions and the accounting for other postretirement benefits is that firms<br>
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ACC 573 NERD Teaching Effectively / acc573nerd.com ACC 573 Final Exam Guide FOR MORE CLASSES VISIT www.acc573nerd.com 1. To calculate a company's average tax rate an analyst would 2. The accumulated benefit obligation measures 3. The major difference between accounting for pensions and the accounting for other postretirement benefits is that firms 4. Which of the following is not part of the balance sheet approach when computing income tax expense?
ACC 573 NERD Teaching Effectively / acc573nerd.com ACC 573 Midterm Exam Guide FOR MORE CLASSES VISIT www.acc573nerd.com ACC 573 Midterm Exam Guide 1. The two categories of shareholders' equity usually found on the balance sheet of a corporation are 2. When a firm attempting to create unique products or services for particular market niches, in order to achieve relatively high profit margins, this is best known as
ACC 573 NERD Teaching Effectively / acc573nerd.com ACC 573 Week 1 DQ 1 FOR MORE CLASSES VISIT www.acc573nerd.com Based on your review of the SEC reporting requirements as outlined in the Sarbanes-Oxley Act, assess the adequacy of the reporting requirements for providing credible financial and operating information for company stakeholders and potential investors, indicating any gaps identified in the reporting. Provide support for your rationale.
ACC 573 NERD Teaching Effectively / acc573nerd.com • ACC 573 Week 1 DQ 2 • FOR MORE CLASSES VISIT • www.acc573nerd.com • Assess how the GAAP and IFRS convergence project has impacted SEC reporting requirements, predicting the long-term impact of the convergence on reporting. Provide a rationale for your prediction.
ACC 573 NERD Teaching Effectively / acc573nerd.com • ACC 573 Week 2 DQ 1 • FOR MORE CLASSES VISIT • www.acc573nerd.com • As a CFO of a publically traded company, suggest how you would create an ethical environment to ensure account balances are correctly valued and reported so that information is reliable for users. Provide support for your rationale.
ACC 573 NERD Teaching Effectively / acc573nerd.com ACC 573 Week 2 DQ 2 FOR MORE CLASSES VISIT www.acc573nerd.com In today’s business environment where publicly traded companies feel pressure to meet short-term earnings expectations, management may be tempted to “manage earnings”. Assess how a financial statement user may be able to detect managed earnings when reviewing the firm’s balance sheet, income statement, and cash-flow statement.
ACC 573 NERD Teaching Effectively / acc573nerd.com ACC 573 Week 3 Assignment 1 Financial Statement Restatement and Ethics FOR MORE CLASSES VISIT www.acc573nerd.com Write a two to three (2-3) page paper in which you: Assess the factors that contributed to the financial statement restatement, signifying the executive management team’s attitude toward the restatement.
ACC 573 NERD Teaching Effectively / acc573nerd.com ACC 573 Week 3 DQ 1 FOR MORE CLASSES VISIT www.acc573nerd.com As part of the Sarbanes-Oxley Act, corporate officers are no longer able to “pass the buck” of responsibility for ensuring adequate controls over financial statements and reporting activities thus ensuring the accuracy of financial statements.
ACC 573 NERD Teaching Effectively / acc573nerd.com • ACC 573 Week 4 DQ 1 • FOR MORE CLASSES VISIT • www.acc573nerd.com • Based on your review of the current requirements of the SEC and FASB, assess the adequacy of the guidelines for ensuring the transparency of off-balance-sheet transactions to investors, indicating where improvements may still be needed. Provide support for your rationale.
ACC 573 NERD Teaching Effectively / acc573nerd.com • ACC 573 Week 4 DQ 2 • FOR MORE CLASSES VISIT • www.acc573nerd.com • Based on the information found in the e-Activity, assess the key differences between U.S. GAAP and IFRS reporting for the testing of asset impairment and the requirement to write down the asset value. Indicate whether or not you support the U.S. GAAP or IFRS approach. Provide support for your position.
ACC 573 NERD Teaching Effectively / acc573nerd.com • ACC 573 Week 5 DQ 1 • FOR MORE CLASSES VISIT • www.acc573nerd.com • Create an argument for the use of Fair Market Accounting as opposed to historical cost. Provide support for your argument. • Evaluate the effectiveness of the accounting principle guidelines for determining the market value of an asset, indicating improvements to these guidelines. Provide support for your recommendations.
ACC 573 NERD Teaching Effectively / acc573nerd.com • ACC 573 Week 5 DQ 2 • FOR MORE CLASSES VISIT • www.acc573nerd.com • Assess the risks associated with derivatives instruments, indicating how these risks may be minimized for a publically traded company. Provide support for your rationale. • As an investor, assess the potential financial concerns to be raised when reviewing the financial statements of a publically traded company containing derivative instruments providing a recommendation for how the concerns may be identified and addressed.
ACC 573 NERD Teaching Effectively / acc573nerd.com ACC 573 Week 6 DQ 1 FOR MORE CLASSES VISIT www.acc573nerd.com The Sarbanes-Oxley (SOX) Act was created with the intent of improving the quality of accounting, reliability of financial statements to investors, and providing oversight to accounting professionals through the creation of a new federal agency, Public Accounting Company Oversight Board (PACOB). Create an argument supporting whether SOX achieved these goals, and whether financial data reported today is more accurate and reliable than prior to the Act. Provide support for your rationale.
ACC 573 NERD Teaching Effectively / acc573nerd.com ACC 573 Week 6 DQ 2 FOR MORE CLASSES VISIT www.acc573nerd.com Assess the impact to public trust when a publically traded company restates its financial data, indicating how negative impressions may be minimized. Provide support for your rationale.
ACC 573 NERD Teaching Effectively / acc573nerd.com ACC 573 Week 7 Assignment 2 Accounting Quality FOR MORE CLASSES VISIT www.acc573nerd.com Write a four to five (4-5) page paper in which you: Assess the roles of the Board of Directors and Chief Executive Officer of a public company for establishing an ethical environment that generates quality accounting and reliable financial reporting for use by shareholders and investors. Provide support for your assessment.
ACC 573 NERD Teaching Effectively / acc573nerd.com • ACC 573 Week 7 DQ 1 • FOR MORE CLASSES VISIT • www.acc573nerd.com • Assess the financial performance forecasting process, identifying the assumptions made that are most likely to cause a gap between the forecast and actual performance. Indicate how these gaps may be minimized. Provide support for your rationale.
ACC 573 NERD Teaching Effectively / acc573nerd.com • ACC 573 Week 7 DQ 2 • FOR MORE CLASSES VISIT • www.acc573nerd.com • Assess the market and shareholder behaviors when a publically traded company makes the decision not to pay dividends to its shareholders, suggesting how management should react to these behaviors. Provide support for your rationale.
ACC 573 NERD Teaching Effectively / acc573nerd.com ACC 573 Week 8 DQ 1 FOR MORE CLASSES VISIT www.acc573nerd.com Create an argument that use of the present value free cash-flow method has a more beneficial economic meaning than earnings-based methods. Provide support for your argument.
ACC 573 NERD Teaching Effectively / acc573nerd.com ACC 573 Week 8 DQ 2 FOR MORE CLASSES VISIT www.acc573nerd.com Assess how the free cash-flow method can be used when a company is profitable yet the cash-flow values are expected to be negative over the next five years, indicating the likely impact on the valuation. Provide support for your rationale.
ACC 573 NERD Teaching Effectively / acc573nerd.com ACC 573 Week 9 DQ 1 FOR MORE CLASSES VISIT www.acc573nerd.com Create an argument supporting that using the earnings-based valuation method yields the most accurate results. Provide support for your argument. Assess the challenges related to using the earnings-based valuation method in practice, suggesting how each of these challenges may be overcome. Provide support for your rationale
ACC 573 NERD Teaching Effectively / acc573nerd.com ACC 573 Week 9 DQ 2 FOR MORE CLASSES VISIT www.acc573nerd.com Evaluate the likely impact on a firm’s valuation when using U.S. GAAP versus IFRS accounting methods, indicating which accounting standards you believe may yield a more favorable result. Provide support for your position.
ACC 573 NERD Teaching Effectively / acc573nerd.com ACC 573 Week 10 Assignment 3 Company Valuation (Facebook IPO) FOR MORE CLASSES VISIT www.acc573nerd.com Write a five to six (5-6) page paper in which you: Evaluate the valuation and method used to determine the Initial Public Offering value of Facebook stock, indicating any miscalculations in the valuation that may have mislead potential investors and how these errors may have been minimized. Provide support for your response.
ACC 573 NERD Teaching Effectively / acc573nerd.com ACC 573 Week 10 DQ 1 FOR MORE CLASSES VISIT www.acc573nerd.com • Create an argument supporting that using the market-based valuation method yields the most accurate results. Provide support for your argument. • Assess the challenges related to using the market-based valuation method in practice, suggesting how each of these challenges may be overcome. Provide support for your rationale.
