ACCT 461 FULL COURSE LATEST
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ACCT 461 Full Course Latest
ACCT461
ACCT 461 Week 1 Discussion Latest
Week 1: The Foundation of Gaap
Within each discussion thread, one post will
be made using Voice Thread, 2-4 minutes in length, explaining either an article
on the discussion topic, or assignment work you have done in relation to the
discussion topic. Students will review and respond to at least one other
student’s Voice Threads, keeping interaction positive, professional and
constructive.
Now that we’ve begun our accounting senior
project course, looking back over all of your accounting coursework in previous
classes, you’ve received a good background on generally accepted accounting
principles (GAAP) along with an understanding of how these accounting standards
are applied in the United States. At this point, you know that the rules of
GAAP are based upon a foundation of many assumptions, principles, and
constraints. To begin our postings for the week in this discussion, select any
one of these accounting assumptions, principles, or constraints (e.g., cost
principle, economic entity assumption, going concern assumption, materiality
constraint, full disclosure principle, periodicity assumption, etc.), do a bit of
research and explain the concept to us, and also tell us why you believe it’s
so important to GAAP. Later in the week, after we’ve exhausted a discussion of
these accounting assumptions, principles, and constraints, we’ll move on to
address a related aspect of GAAP: the roles of various organizations, including
the SEC, FASB, and PCAOB.
ACCT 461 Week 2 Discussion Latest
Week 2: Analyzing a Company
Within each discussion thread, one post will
be made using Voice Thread, 2-4 minutes in length, explaining either an article
on the discussion topic, or assignment work you have done in relation to the
discussion topic. Students will review and respond to at least one other
student’s Voice Threads, keeping interaction positive, professional and
constructive.
One of your college friends, a computer
information systems major, has been telling you that she believes a certain
publicly held technology company is going to make a lot of money and ought to
be a great investment, but she admits this is just based on her perspective of
one of the company’s software products that’s been on the market for a couple
of years. As an accounting major, you explain to her that no one has a crystal
ball to accurately predict the future of a company with absolute certainty.
However, to complement her qualitative view of this company’s value, you agree
to quickly put together a more quantitative analysis based on the firm’s recent
financial performance. To get us started in this discussion, for your first
post, please explain in detail just one of the things you would analyze or look
at to assess this company, and be sure to thoroughly articulate your thoughts
and approach in terms that your friend, a CIS major, will understand. As the
week progresses and we add more comments with additional suggestions from
everyone in the class, we’ll build a good list of analytical techniques and
assessment methodologies into our discussion so we can later compare and
contrast the relative value of all the different ideas posted.
ACCT 461 Week 3 Discussion Latest
Week 3: Building a Budget
Within each discussion thread, one post will
be made using Voice Thread, 2-4 minutes in length, explaining either an article
on the discussion topic, or assignment work you have done in relation to the
discussion topic. Students will review and respond to at least one other
student’s Voice Threads, keeping interaction positive, professional and
constructive.
A few months ago, you were hired into a
professional position by a fairly large organization. Your department’s supervisor
has just called you into her office and begins by saying she’s quite impressed
with your initiative, communication, and organizational skills, and for this
reason she’s tasking you with drafting the department’s budget for the upcoming
fiscal year. Of course, as the department supervisor, she is still the one
who’s ultimately responsible for approving and executing this budget. However,
because she’s so busy managing many departmental issues, she’s specifically
delegating to you the legwork involved in composing this budget. Your
supervisor is requiring you to submit your first draft of the department’s
budget for her approval in 3 weeks. How would you go about creating a solid,
realistic budget? Where would you begin? What steps would you take to work this
task? What specific challenges might you face in this process, and how would
you address each of them? Feel free to begin your postings for this week by
addressing any one or more of these questions.
As the week progresses and we accumulate more
comments from everyone in the class, we’ll be able to compare all of the ideas
and suggestions to further discuss what might be the most workable approach to
building a sensible, credible budget for a department. Finally, near the end of
the week, we’ll further extend the discussion by asking you to add your
thoughts on how drafting a budget for your own small business might differ from
the process of budgeting for a single department within a larger organization.
ACCT 461 Week 4 Discussion Latest
Week 4: Creating a Business Code of Conduct
Within each discussion thread, one post will
be made using Voice Thread, 2-4 minutes in length, explaining either an article
on the discussion topic, or assignment work you have done in relation to the
discussion topic. Students will review and respond to at least one other
student’s Voice Threads, keeping interaction positive, professional and
constructive.
Consider any organization where you’ve worked
in the past, where you currently work, or where you might like to work in the
future. Tell us a bit about this organization, and then indicate what specific
topics, elements, or general items you believe should be included in the
content of a business code of conduct drafted specifically for this
organization’s employees.
Week 5: Transforming Data into Useful
Information
Within each discussion thread, one post will
be made using Voice Thread, 2-4 minutes in length, explaining either an article
on the discussion topic, or assignment work you have done in relation to the
discussion topic. Students will review and respond to at least one other
student’s Voice Threads, keeping interaction positive, professional and
constructive.
Consider any organization where you’ve worked
in the past, where you currently work, or where you might like to work in the
future. Describe the type of data used by this organization, and tell us how
the data are processed and transformed into useful information, such as reports
prepared for management or queries executed for users within the organization.
Also, is this data processed using manual or automated means?
ACCT 461 Week 6 Discussion Latest
Week 6: U.S. Gaap Versus Ifrs: What’s The
Difference?
Within each discussion thread, one post will
be made using Voice Thread, 2-4 minutes in length, explaining either an article
on the discussion topic, or assignment work you have done in relation to the
discussion topic. Students will review and respond to at least one other
student’s Voice Threads, keeping interaction positive, professional and
constructive.
Select any principle, rule, term, or general
aspect that differs under U.S. Generally Accepted Accounting Principles (U.S.
GAAP) and International Financial Reporting Standards (IFRS), also known as
“i-GAAP”, and explain this difference in your own words. In your comments also
please provide your thoughts on the potential implications of this difference,
specifically regarding how it might affect the process of financial reporting
or the content of a company’s financial statements.
ACCT 461 Week 7 Discussion Latest
Week 7: Tax Reform?
Within each discussion thread, one post will
be made using Voice Thread, 2-4 minutes in length, explaining either an article
on the discussion topic, or assignment work you have done in relation to the
discussion topic. Students will review and respond to at least one other
student’s Voice Threads, keeping interaction positive, professional and
constructive.
You may be aware that for years there have
been groups of people calling for major changes to the federal income tax
system in the United States. Do you believe the current federal income tax
system should be reformed? How? Why? What would you recommend changing? What
impact might this have? Please consider doing a bit of research and putting
some thought into your recommendations. Also, consider including your
perspective on some related questions, such as:
(1) whether you believe the current system is
fair to all taxpayers;
(2) whether you believe the system is too
complex;
(3) whether you believe the system is too
expensive to administer; and
(4) whether you believe the current system is
effective at raising revenue, while not adversely impacting business, personal,
and financial decisions.
There may not necessarily be any “right” or
“wrong” answers in this threaded discussion, but we’re instead interested in
your thoughts on the topic, and please remember to articulate your reasoning.
These are the same issues that the courts and Congress tend to consider. What
do you think and why?
ACCT 461 Week 1 Case Study Latest
Case 4-1 (“PC Depot”)
Please locate the content for this Case Study
at the end of Chapter 4 in our course textbook.
ACCT 461 Week 2 Case Study Latest
Case 13-6 (“Butler Lumber Company”)
Please locate the content for this Case Study
at the end of Chapter 13 in our course textbook.
ACCT 461 Week 3 Case Study Latest
Case 24-1 (“Body Glove”)
Please locate the content for this Case Study
at the end of Chapter 24 in our course textbook.
1. For what purposes does Body Glove use its budgeting
system? Which purposes are emphasized?
2. Trace the steps in the development of the
budget at Body Glove. What are the key events that relate to the timing of the
steps in the budgeting process?
3. The case says that Body Glove never
prepared a budget prior to fiscal year 1991. How can a company like Body G love
function effectively without a budget, or can it?
4. What changes to Body Glove’s budgeting and
review processes would you recommend, if any?
5. If Body Glove continues to grow and, perhaps,
diversifies, what changes will have to be made to the budgeting an•
ACCT 461 Week 4 Case Study Latest
Case 7-5 (“Accounting Fraud at WorldCom”)
Please locate the content for this Case Study
at the end of Chapter 7 in our course textbook.
Case 7–5: Accounting Fraud at WorldCom
1. Explain the nature of the accounting fraud.
2. What are the pressures that lead executives
and managers to “cook the books?”
3. What is the boundary between earnings
smoothing or earnings management and fraudulent reporting?
4. Why were the actions taken by WorldCom
managers not detected earlier? What processes or systems should be in place to
prevent or detect quickly the types of actions that occurred in WorldCom?
5. Were the external auditors and board of
directors blameworthy in this case? Why or why not?
6. Betty Vinson: victim or villain? Should
criminal fraud charges have been brought to her? How should employees react
when ordered by their employer to do something they do not believe in or feel
uncomfortable doing?
ACCT 461 Week 6 Case Study Latest
Case 7-4 (“Silic: Choosing Cost or Fair Value
on Adoption of IFRS”)
Please locate the content for this Case Study
at the end of Chapter 7 in our course textbook.
1. Which method would most transparently
reflect Silic’s real value?
2. How would the two distinctive accounting
models impact on Silic’s financial statements?
ACCT 461 Week 7 Case Study Latest
Case 10-2 (“Silver Appliance Company”)
Please locate the content for this Case Study
at the end of Chapter 10 in our course textbook.
ACCT 461 Week 8 Final Course Presentation
Latest
Instructions
Background
In the ACCT461 senior project, students submit
an extensive amount of written analytical work addressing six case studies
carefully selected from the course textbook. The course Doc Sharing tab
contains a document titled “ACCT461 Case Study Instructions” explaining the
detailed requirements for these case studies. In addition to the six case
studies, students must also separately complete and collaborate one graded oral
presentation, listed in the course Syllabus as the Final Course Presentation,
during Week 8. This document provides the instructions for the Final Course
Presentation. However, if you have not already done so, please be sure to first
review the “ACCT461 Case Study Instructions”, available in the files area,
before subsequently reviewing these instructions for the final course
presentation. The case study instructions will separately provide some
important background to help you better understand the requirements of the
Final Course Presentation instructions detailed in this document.
Description
For the Week 8 Final Course Presentation, each
student will collaboratively produce and orally deliver a PowerPoint
presentation discussing one of the six case studies worked during the
accounting senior project course. It’s the student’s choice as to which one of
the six case studies to present for the Final Course Presentation. Students
taking this course onsite will orally present their Final Course Presentation,
using their own set of PowerPoint slides, in the classroom to the professor and
classmates during the Week 8 class meeting. Students taking this course online
will prepare their PowerPoint presentation by additionally implementing the
audio narration feature built into PowerPoint. Further detail is explained
below under Requirements.
Requirements
Onsite course: onsite students will orally
present a 10-minute PowerPoint presentation “live” in the classroom during
class time in Week 8.
Online course: online students will record and
submit a 10-minute PowerPoint presentation additionally implementing the audio
narration feature built into PowerPoint. Detailed instructions for this process
are available through the iConnect Presentation link under Course Home. The
iConnect Presentation page includes links to more detailed instructions for
creating and recording a PowerPoint presentation using audio narration.
For either the onsite or online course
delivery mode, the PowerPoint presentation should include slides displaying the
following topics pertaining to the selected case study:
- Cover slide including the student’s name, the date,
course number (ACCT461), and the case study title and number (e.g., Case
Study 4-1)
- Overview slide listing topics to be discussed
- Concise synopsis of the case study’s fact pattern
- Student’s assessment regarding the key questions,
issues, and/or dilemma in the case study
- Conclusions (including summary of answers and/or
recommendations)
- References (as needed)
Again, please note that this is a 10-minute
presentation, so it’s highly advisable that you plan what you want to say, give
some thought to how you want to say it, and carefully choose your words to
achieve a succinct and impactful delivery, just as you would in a professional
setting for a presentation to clients or senior staff in an organization.
Please remember that the PowerPoint
presentation must be uploaded to the Week 8 Dropbox prior to the classroom
presentation for onsite students or by Thursday evening, 11:59 p.m. MT of Week
8 for online students.
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