Acc 545 Entire Course Financial Reporting

ACC 545 Entire Course Financial Reporting

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ACC 545 Entire Course Financial Reporting

ACC 545 Week 1 Individual Assignment CPA Report
ACC 545 Week 2 Learning Team Assignment Los Lobos Ledger Preparation
ACC 545 Week 3 Individual Assignment Jamona Corp. Scenario
ACC 545 Week 4 Individual Assignment Restructuring Debt
ACC 545 Week 5 Individual Assignment Lee Corporation Equity Scenario
ACC 545 Week 6 Learning Team Assignment Consolidated Financial Statements
ACC 545 Week 1 Individual Assignment CPA Report
As the CPA for a large organization, you were asked by your manager to provide information to outside CPAs who are examining a subsidiary that has been set up as a corporation. As part of their review, the CPAs have asked you to provide them with the following explanations:

• The methodology used to determine deferred taxes
• The procedures for reporting accounting changes and error corrections
• The rationale behind establishing the subsidiary as a corporation

Prepare your response to the three questions. Before submitting your response, your manager would like to know a little bit more about the request. She has asked you to tell her what your professional responsibilities are as a CPA, and the difference between a review and an audit.

You should provide draft responses to the above questions as well as providing your manager with a summary of your responsibilities in one document (no more than 1,050 words).

ACC 545 Week 3 Individual Assignment Jamona Corp. Scenario

• Review the following information:


1. On January 1, 2006, Jamona Corp. purchased 12% bonds, having a maturity value of $300,000, for $322,744.44. The bonds provide the bondholders with a 10% yield. They are dated January 1, 2006, and mature January 1, 2011, with interest receivable December 31 of each year. The company uses the effective-interest method to allocate unamortized...