ACCT 495 Week 2 Accounting Assignment Help | Franklin University
- Franklin University / ACCT 495
- 28 Jan 2019
- Price: $10
- Other / Other
ACCT 495 Week 2 Accounting Assignment Help | Franklin University
2-1: Issue and Rule Research - BAM Year 1
Purpose
To assess your
ability to research accounting issues and rules related to a start-up company.
Overview
This assignment
forms the basis for the upcoming assignment, 3-1:
Year One Group Paper and Presentation in
Week 3 of corrected financial statements. This assignment is necessary to form
the "I" (Issues) and "R" (Research) needed for preparation
of the "A" (Analysis) and "C" (Conclusion) that combine to
form the IRAC methodology. Therefore, you will need to consult with the members
of your group to determine who will research which issue(s), confirming that
all issues are addressed.
Action Items
1.
Reflect upon each of the issues identified in Week 1 Auditor’s
Questions with your group. As a group you must research all identified issues
except start-up costs since this is covered in 3-1: Year 1 Group Paper with
your group members.
2.
Assign an issue or issues to each member of your group to
research.
3.
Individually you are to develop a 1 – 2 page, double-spaced
paper for each issue(s) you are researching. Each
paper must:
a.
State the identified accounting issue
b.
Identify the accounting rule(s) that pertain(s) to the issue(s)
c.
Explain in your own words the accounting rule(s) and treatment
of the issue
4.
Each group member will submit their 1-2 page paper(s) to the
group designated leader for this assignment. The group leader will combine the
individual papers into one complete paper and confirm that the names of all
members are on the combined paper.
5.
The group leader will send the combined papers to each member of
the group.
Notes:
1.
Instructions to access the RIA Checkpoint and the FASB
Accounting Standards Codification databases. Accounting research data can be
accessed either through the:
a.
RIA Checkpoint database – Practice Area: Accounting, Audit and
Corporate Finance located on the Franklin library website or through the
American Accounting Association (AAA) FASB Codification student login. Login
information for the AAA website can be obtained from your professor.
2.
Review the six (6) steps utilized in applied accounting
research.
Submission Instructions
·
Each member of the group is to submit the combined paper using
the Submit tool in the toolbox.
·
Each group member will bring one copy of the combined paper to
the meet session for an activity.
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