Pension Reporting and Segment Elimination Requirements Deborah Hunter, Stephanie Murray, James Newsome, Sharon Stubbs, and Star Troutman ACC 541 January 14, 2013 Shauki Smith MEMORANDUM TO: CEO FROM: Team A DATE: January 14, 2013 SUBJECT: Pension Reporting and Segment Elimination Requirements CC: Shauki Smith This memo serves to provide an explanation of required reporting for define contribution, defined benefit, and other postretirement plans. In addition to pension
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Accounting Standards Board Paper Katherine Meyer ACC/ 541 Kenneth Burton July 30, 2012 The Accounting Standards Board and the Financial Accounting Standards Board have been critical in modernizing the accounting field. The Accounting Standards Board was created out of criticism of the field and the Financial Accounting Standards Board was created out of criticism of the Accounting Standards Board. The histories of the boards have improved the accounting profession and have made the flow
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Client Response II ACC/541 January 31, 2011 Client Response II To: ABC Warehouse CC: Date: [ 1/31/2011 ] Re: Loss Contingencies Reporting Requirement for Lawsuit Contingencies The implication to the company depends upon outcome of the lawsuit. If the outcome results in a loss to the company, the loss should be accrued as estimated into the company’s financials, provided that the loss can be reasonably estimated and noted, in detail per FASB Codification section 450-20-25-2
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Accounting Standards Board Paper Cassandra Fatchett ACC/541 Monday, March 23, 2015 Christine Errico Accounting Standards Board Paper International convergence of accounting standards is not exactly a new idea. In the 1950’s, in response to economic integration post World War II, initial efforts focused on reducing the differences among accounting principles used in major capital markets around the world. By the 1990's, 40 years later, the idea of harmonization had been replaced by the concept
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Running head: THE IASB AND FASB The IASB and FASB Amber Lynch ACC/541 Week 1 Paper March 10, 2014 The IASB and FASB Although the concept of the convergence of accounting standards is a new concept to some the idea has existed since the 1950’s. This idea came about as a solution for economic integration and the uptick in international business operations. When the project was first constructed it focused mainly on harmonizing the differences in principles that existed across many different
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Accounting Standards Boards ACC/541 Accounting records was found in various parts of the world that are dated several thousand years ago. The world knew how to record their transactions since they knew trade. The more complicated the trading transactions get the more the need for more developed financial recording. In the United States the interest in improving the financial statements started after the great depression. The New York Stock Exchange (NYSE) and the American Institute of Accountants
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Response to Client Request I ACC/541 To: Regional Trucking Company From: The Consulting Group In Re: Leases and Lease Structures A company wants information about leases and lease structures in the FASB codification required by the supervisor in response to the request of the client. The client is a regional trucking company. The company owns one hundred trailers 20 less than the requirement to take a new job proposal. The opportunity offers new growth, the doubt about the
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Auditing a Publicly Traded Company Darren Bruneck, Andrew Green, Shalatikka Smith ACC/541 October 20, 2014 Christine Errico MEMORANDUM TO: Christine Errico, Manager FROM: Darren Bruneck, Andrew Green, Shalatikka Smith DATE: October 20, 2014 SUBJECT: Auditing a Publicly Traded Company The goal of any publicly traded company is to make a profit. Many factors come contribute to the equation to achieve this goal. The most important factor is compliance with the Accounting governing
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Caltron Case University of Phoenix ACC/541 Accounting Theory and Research Week 5 Marina Layvand 21 July 2008 To: Caltron Computers, Inc. From: Peale, Gower and Quill Date: 21 July 2008 Subject: Revenue Recognition Issues There are many different sources for rules and regulations coming from different accounting boards. They are created to ensure every company reports their financial statements properly and that each transaction is in accordance with the generally accepted
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Caltron Electronics, Inc. Reporting ACC 541 – Accounting Theory and Research April 22, 2013 MEMORANDUM To: Scott Calvin, Chief Financial Officer From: Chief Financial Analyst Subject: Peale, Gower & Quill Audit Report Date: April 22, 2012 Issue Results of the audit report prepared by Peale, Gower & Quill raised concern’s regarding four transactions and revenue recognition. Transactions in question involve Unix-based, high power minicomputers causing a total market capitalization
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