ACCT 540 DeVry Week 3 Complete Work



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ACCT 540 DeVry Week 3 Complete Work

ACCT 540 DeVry Week 3 Discussion

Internet Search (graded) Perform an Internet search on any tax, law, accounting or auditing topic in which you are interested. Summarize and provide a general explanation of what the topic covers. Please attach the article to your post.

ACCT 540 DeVry Week 3 Homework Assignment–ac540_w3_homework_instruction.docx”>Click here to download the instruction. (The instruction can also be found in the Doc Sharing area.)

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ACCT 540 DeVry Week 3 Course Project

Case 3

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.

Milestones Points
Week 3 In a minimum of 5 to 7 sentences, identify the key terms in your case and state why you believe each is relevant to your case. 25

ACCT 540 DeVry Week 3 On Site Activity Point

Identification of Key Search Criteria

What are the implications of GAAP and authoritative support to the researcher?

1. To conduct efficient research, where should one start in reviewing the accounting literature in search of a solution to a problem?

2. How can the promulgation of an accounting standard impact economic behavior? Discuss a specific example.

3. Distinguish between primary authoritative support and secondary authoritative support. EXERCISES


ACCT 540 DeVry Week 3 Complete Work