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ACC 407 Complete Class

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ACC 407 Week 1 DQ 1 Partnership Agreements

ACC 407 Week 1 DQ 2 Partnership Liquidation. Complete Case C16-6

ACC 407 Week 1 Assignment Partnership Problems Complete E16-8

ACC 407 Week 2 DQ 1 Risk Associated with Acquisitions Complete Case C1-6

ACC 407 Week 2 DQ 2 Choice of Accounting Method Complete Case C2-1

ACC 407 Week 2 Assignment Consolidation Problems Complete P1-37 and P3-31

ACC 407 Week 3 DQ 1 Negative Retained Earnings Complete Case C4-3

ACC 407 Week 3 DQ 2 Taking Account of Ethics

ACC 407 Week 3 Assignment Consolidation Problems Complete P5-38

ACC 407 Week 4 DQ 1 Measuring Cost of Goods Sold Complete Case C6-1

ACC 407 Week 4 DQ 2 Intercompany Debt Complete Case C8-5 Question (a) only

ACC 407 Week 4 Assignment Consolidation Process with Intercompany Transactions Complete E6-8, E7-8, and E7-9

ACC 407 Week 5 DQ 1 Accounting for Hedges of Available-for-Sale Securities Complete Case C11-6

ACC 407 Week 5 DQ 2 Interim Reporting

ACC 407 Week 5 Final Paper FAS

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ACC 407 Week 1 Assignment Partnership Problems Complete E16-8

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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

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ACC 407 Week 1 DQ 1 Partnership Agreements Case C15-1

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a. Discuss why a partnership agreement may need features in addition to the income and loss-sharing ratio.

b. Discuss the arguments in favor of recording salary and bonus allowances to partners as expenses included in computing net income.

c. What are the arguments against recording salary and bonus allowances to partners as partnership expenses?

d. Some partnership agreements contain a provision for interest on invested capital in distributing income to the individual partners. List the additional provisions that should be included in the partnership agreement so the interest amounts can be computed.

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ACC 407 Week 1 DQ 2 Partnership Liquidation Case C16-6

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a. Describe the formation of the partnership, including the date of formation and the purpose for the limited partnership.

b. Who was the initial general partner? What was the general partner’s initial percentage interest in the partnership? And who was the general partner as of December 31, 2003?

c. What was the general partner’s profit percentage? What economic reasons might the general partner have had for investing in this partnership?

d. What were the major elements of the Restructuring Plan approved in 2001 by the limited partners?

e. What were the major elements of the Plan of Liquidation that was initiated in 2003?

f. The partnership adopted the liquidation basis of accounting beginning on September 30, 2003. Briefly describe the liquidation basis of accounting the partnership used.

g. Compare the partnership’s financial statements before and after the September 30, 2003 adoption of the liquidation basis of accounting.
h. The partnership filed a form 15-12G on May 1, 2006. Obtain this filing. What is the purpose of this form that is required by the SEC?

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ACC 407 Week 2 Assignment Consolidation Problems Complete P1-37 and P3-31

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Consolidation Problems. Complete P1-37 and P3-31

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ACC 407 Week 2 DQ 1 Risk Associated with Acquisitions Complete Case C1-6

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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

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ACC 407 Week 2 DQ 2 Choice of Accounting Method Complete Case C2-1

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A. What factor should be considered in determining whether equity-method reporting is appropriate?

B. Which of the two methods is likely to show the larger reported contribution to Slanted’s earning is in 20x4? Explain.

C. Why might the use of the equity method become more appropriate as the percentage of ownership increases?

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ACC 407 Week 3 Assignment Consolidation Problems Complete P5-38

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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.

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ACC 407 Week 3 DQ 1 Negative Retained Earnings Complete Case C4-3

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a. Explain how Sloan’s negative retained earnings balance is reflected in the consolidated balance sheet immediately following the acquisitions.

b. Explain how the existence of negative retained earnings changes the consolidation worksheet entries.

c. Can goodwill be recorded if Jacobs pays more than book value for Sloan’s shares? Explain.

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.

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ACC 407 Week 3 DQ 2 Taking Account of Ethics

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Taking 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.

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ACC 407 Week 4 Assignment Consolidation Process with Intercompany Transactions Complete E6-8, E7-8, and E7-9

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Consolidation Process with Intercompany Transactions. Complete E6-8, E7-8, and E7-9

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.

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ACC 407 Week 4 DQ 1 Measuring Cost of Goods Sold Complete Case C6-1

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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

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ACC 407 Week 4 DQ 2 Intercompany Debt Complete Case C8-5 Question (a) only

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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.

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ACC 407 Week 5 DQ 1 Accounting for Hedges of Available-for-Sale Securities Complete Case C11-6

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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.

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ACC 407 Week 5 DQ 2 Interim Reporting Case C13-3

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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.

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ACC 407 Week 5 Final Paper FAS

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The 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 Paper

Assignment 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?

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