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1 ACC 573 Possible Is Everything/snaptutorial.com

2 ACC 573 Final Exam Guide For more classes visits www.snaptutorial.com To calculate a company's average tax rate an analyst would The accumulated benefit obligation measures The major difference between accounting for pensions and the accounting for other postretirement benefits is that firms Which of the following is not part of the balance sheet approach when computing income tax expense?

3 ACC 573 Possible Is Everything/snaptutorial.com ACC 573 Midterm Exam Guide For more classes visits www.snaptutorial.com ACC 573 Midterm Exam Guide The two categories of shareholders' equity usually found on the balance sheet of a corporation are 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

4 ACC 573 Possible Is Everything/snaptutorial.com ACC 573 Week 1 DQ 1 For more classes visits www.snaptutorial.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.

5 ACC 573 Possible Is Everything/snaptutorial.com ACC 573 Week 1 DQ 2 For more classes visits www.snaptutorial.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.

6 ACC 573 Possible Is Everything/snaptutorial.com ACC 573 Week 2 DQ 1 For more classes visits www.snaptutorial.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.

7 ACC 573 Possible Is Everything/snaptutorial.com ACC 573 Week 2 DQ 2 For more classes visits www.snaptutorial.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. Indicate how a potential investor might interpret these “red-flags”. Provide support for your rationale.

8 ACC 573 Possible Is Everything/snaptutorial.com ACC 573 Week 3 DQ 1 For more classes visits www.snaptutorial.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. Assess the adequacy of the provisions contained within the Act, indicating whether or not you believe requirements will improve the accuracy of financial statements and reporting. Provide support for your rationale.

9 ACC 573 Possible Is Everything/snaptutorial.com ACC 573 Week 4 DQ 1 For more classes visits www.snaptutorial.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.

10 ACC 573 Possible Is Everything/snaptutorial.com ACC 573 Week 4 DQ 2 For more classes visits www.snaptutorial.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.

11 ACC 573 Possible Is Everything/snaptutorial.com ACC 573 Week 5 DQ 1 For more classes visits www.snaptutorial.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.

12 ACC 573 Possible Is Everything/snaptutorial.com ACC 573 Week 5 DQ 2 For more classes visits www.snaptutorial.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.

13 ACC 573 Possible Is Everything/snaptutorial.com ACC 573 Week 6 DQ 1 For more classes visits www.snaptutorial.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.

14 ACC 573 Possible Is Everything/snaptutorial.com ACC 573 Week 6 DQ 2 For more classes visits www.snaptutorial.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. Evaluate the current trend of companies restating financial statements. Indicate the key drivers of this trend. Predict the trend over the next five years, providing support for your rationale.

15 ACC 573 Possible Is Everything/snaptutorial.com ACC 573 Week 7 Assignment 2 Accounting Quality For more classes visits www.snaptutorial.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. Recommend a strategy for a CEO to implement, leading to an ethical environment that leads to high-quality accounting, reporting, and forecasting. Provide support for your recommendation.

16 ACC 573 Possible Is Everything/snaptutorial.com ACC 573 Week 7 DQ 1 For more classes visits www.snaptutorial.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.

17 ACC 573 Possible Is Everything/snaptutorial.com ACC 573 Week 7 DQ 2 For more classes visits www.snaptutorial.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.

18 ACC 573 Possible Is Everything/snaptutorial.com ACC 573 Week 8 DQ 1 For more classes visits www.snaptutorial.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.

19 ACC 573 Possible Is Everything/snaptutorial.com ACC 573 Week 8 DQ 2 For more classes visits www.snaptutorial.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.

20 ACC 573 Possible Is Everything/snaptutorial.com ACC 573 Week 9 DQ 1 For more classes visits www.snaptutorial.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.

21 ACC 573 Possible Is Everything/snaptutorial.com ACC 573 Week 9 DQ 2 For more classes visits www.snaptutorial.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.

22 ACC 573 Possible Is Everything/snaptutorial.com ACC 573 Week 10 Assignment 3 Company Valuation (Facebook IPO) For more classes visits www.snaptutorial.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.

23 ACC 573 Possible Is Everything/snaptutorial.com ACC 573 Week 10 DQ 1 For more classes visits www.snaptutorial.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.

24 ACC 573 Possible Is Everything/snaptutorial.com ACC 573 Week 10 Assignment 3 Company Valuation (Facebook IPO) For more classes visits www.snaptutorial.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.

25 ACC 573 Possible Is Everything/snaptutorial.com


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