ACC305 Week 7 Discussion “Changes in Accounting Principles and Changes in Accounting Estimates

| October 3, 2018

ACC305
Week
7 DiscussionTop of
Form

Total views: 7 (Your
views: 1)
“Changes in
Accounting Principles and Changes in Accounting Estimates” Please respond to
the following:
·
From the e-Activity, discuss the accounting principles that the
identified company changed, and explain the major reasons why the company
changed accounting principles. Give your opinion on whether you believe the
change in accounting principles was to benefit the corporation or investors and
creditors. Provide a rationale for your response.
·
Imagine you are the senior accountant at your organization, and
management is not sure of the difference between a change in accounting
estimate and a change in accounting principle. Briefly discuss the difference
between a change in accounting estimate and a change in accounting principle,
and outline the impact the changes will have on the company’s financial
statements. Give your opinion on why a company should avoid reporting changes
in accounting principles and changes in accounting estimates. Provide a
rationale for your response.
Week
8 DiscussionTop of
Form
Total views: 1 (Your views: 1)
“IFRS and
Preparing a Statement of Cash Flows” Please respond to
the following:
·
Evaluate two (2) major differences between GAAP and IFRS with
respect to the statement of cash flows. Give your opinion on which method you
prefer. Provide a rationale for your response.
·
Imagine you are the senior accountant at your organization and
management is unsure of the difference between the indirect method and the direct
method of preparing a statement of cash flows. Outline a brief memo to
management differentiating between the direct method and indirect method.
Advise management on which method the company should use to prepare the
statement of cash flows. Provide at least two (2) specific examples on why the
method you selected would be beneficial to the company.
Week
9 Discussion
“Segmented
Information and Reporting Requirements” Please respond to
the following:
·
Suppose that management is considering preparing segmented
information but is unsure on how to identify a segment and is unsure on why the
information is important. Outline a brief memo to management explaining the
importance of segmented information, and create an action plan on the main
steps management should take to identify a segment. Also, provide your opinion
on the effect segmented information will have on the company’s financial
disclosure.
·
Speculate as to why there has been an increase in reporting
requirements in the last ten (10) years. Also, give your opinion on whether the
increase in reporting requirements has improved investors’ and creditors’
confidence in corporations. Provide at least two (2) specific examples of
improvements to support your opinion.

ECO100
.0/msohtmlclip1/01/clip_image002.gif” alt=”Attachment”>
Week
7 Discussion
“Unemployment
and Inflation” Please respond to the following:
·
Using the e-Activity, compare the unemployment rate in your
state to the national average of the past four years. Compare the trends in
relation to the types of unemployed workers in your state. Provide support for
your response.
·
Imagine that you have a fixed 30-year interest rate for your
mortgage, and the economy has experienced unanticipated inflation. Examine who
the winner and loser would be. Is it the borrower or the lender in the given
scenario? Provide support for your response
Week
8 Discussion
“Aggregate
Demand and Supply and Fiscal Policy” Please respond to
the following:
·
Image that the mayor has hired you as a consultant to evaluate
the increase in aggregate demand in the city where you live. Describe to the
mayor one (1) aggregate demand and supply factor that would have the greatest
impact on the economy of your city.
·
Determine what fiscal policy measure has a more direct impact to
the economy, an increase in government spending or an equal decrease in taxes
if consumer confidence is lower than the previous month. Explain your reasoning
Week
9 Discussion
“Money and
Monetary Policy and Inflation” Please respond to
the following:
·
Given our current economic situation, determine the steps that
the Federal Reserve should take to help stabilize our economy. Next, explain
how each of the following variables will be affected by proposed steps that you
have identified: money supply, interest rates, inflation rate, aggregate
demand, and output. Provide support for your response.
·
From this week’s e-Activity, examine two (2) methods that the
Federal Reserve can implement to support a stronger economic recovery. Provide
support for each method in your response.
Bottom of Form
Bottom of Form
Bottom of Form
Bottom of Form

Get a 20 % discount on an order above $ 40
Use the following coupon code:
LOBSTER
Positive SSL