ACC 545 Uop Material-acc545dotcom

providing accessible, easy to understand

ACC 545 Entire Course

For more course tutorials visit

www.acc545.com

ACC 545 Week 1 Individual Assignment CPA Report

ACC 545 Week 2 Learning Team Assignment Los Lobos Ledger Preparation

ACC 545 Week 3 Individual Assignment Jamona Corp. Scenario

ACC 545 Week 4 Individual Assignment Restructuring Debt

ACC 545 Week 5 Individual Assignment Lee Corporation Equity Scenario

ACC 545 Week 6 Learning Team Assignment Consolidated Financial Statements

>>>>>>>>>>>>>>>>>>>>>>><<<<<<<<<<<<<<<<<<<<<<

ACC 545 Week 1 Individual Assignment CPA Report

For more course tutorials visit

www.acc545.com

As the CPA for a large organization, you were asked by your manager to provide information to outside CPAs who are examining a subsidiary that has been set up as a corporation. As part of their review, the CPAs have asked you to provide them with the following explanations:

The methodology used to determine deferred taxes

The procedures for reporting accounting changes and error corrections

The rationale behind establishing the subsidiary as a corporation

Prepare your response to the three questions. Before submitting your response, your manager would like to know a little bit more about the request. She has asked you to tell her what your professional responsibilities are as a CPA, and the difference between a review and an audit.

You should provide draft responses to the above questions as well as providing your manager with a summary of your responsibilities in one document (no more than 1,050 words).

<<<<<<<<<<<<<<<<<>>>>>>>>>>>>>>>>>>>>>>>>

ACC 545 Week 2 Learning Team Assignment Los Lobos Ledger Preparation

For more course tutorials visit

www.acc545.com

ACC 545 Week 2 Learning Team Assignment Los Lobos Ledger Preparation

============================================

ACC 545 Week 3 Individual Assignment Jamona Corp.

For more course tutorials visit

www.acc545.com

Review the following information:

1 On January 1, 2006, Jamona Corp. purchased 12% bonds, having a maturity value of $300,000, for $322,744.44. The bonds provide the bondholders with a 10% yield. They are dated January 1, 2006, and mature January 1, 2011, with interest receivable December 31 of each year. The company uses the effective-interest method to allocate unamortized discount or premium. The bonds are classified as available-for-sale. The fair value of the bonds at December 31 of each year is as follows:

2006 – $320,500

2007 – $309,000

2008 – $308,000

2009 – $310,000

2010 – $300,000

2 The following information is available from Jamona’s inventory records

Units Unit Cost

January 1, 2007 (beginning inventory) 600 $ 8.00

Purchases:

++++++++++++++++++++++++++++++++++++++++

ACC 545 Week 4 Individual Assignment Restructuring Debt

For more course tutorials visit

www.acc545.com

Your company is in financial trouble and is in the process of reorganization. Your manager wants to know how you will report on restructuring the debt. Use the following information to help with this assignment.

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

ACC 545 Week 5 Individual Assignment Lee Corporation Equity Scenario

For more course tutorials visit

www.acc545.com

ACC 545 Week 5 Individual Assignment Lee Corporation Equity Scenario

Review the following information:

Lee Corporation, a U.S. company, began operations on January 1, 2004.

During its first 3 years of operations, Lee reported net income and declared dividends as follows.

Net income Dividends declared

2004 $ 40,000 $ –0–

2005 125,000 50,000

2006 160,000 50,000

The following information relates to 2007:

Income before income tax $240,000

Prior period adjustment: understatement of 2005 depreciation expense (before taxes) $ 25,000

Cumulative decrease in income from change in inventory methods (before taxes) $ 35,000

Dividends declared (of this amount, $25,000 will be paid on January 15, 2008) $100,000

Effective tax rate 40%

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>


ACC 545 Week 6 Learning Team Assignment Consolidated Financial Statements

For more course tutorials visit

www.acc545.com

Complete exercise 3-14, parts A, B, and C, on p. 127 of Advanced Accounting (Crain Mechanics/Downey Enterprises).  

Comment Stream