Depreciation Choice Ethics
AC301-1: Identify characteristics of property, plant and equipment issues related to presentation of fixed
assets in financial statements.
Unit 2 Discussion
Jerry Prior, Beeler Corporation's controller is concerned that net inco
Discussion Topic: CA23-5
GAAP requires the statement of cash flows be presented when financial statements are prepared.
Answer the following questions in the Discussion Board:
a. -Explain the purposes of the statement of cash flows.
b. -List and describe
Discussion Topic: CA18-9
Widjaja Company is accounting for a long-term construction contract using the percentage-ofcompletion method. It is a 4-year contract that is currently in its second year. The latest estimates of
total contract costs indicate that
Discussion Topic: CA21-4
Capital leases and operating leases are the two classifications of leases described in FASB
pronouncements from the standpoint of the lessee.
Do not discuss the criteria for distinguishing between capital leases and operating leas
Discussion Topic: CA21-1
On January 1, 2014, Evans Company entered into a noncancelable lease for a machine to be used in its
manufacturing operations. The lease transfers ownership of the machine to Evans by the end of the
lease term. The term of the lea
Discussion Topic: CA18-1
Revenue is recognized based on a five-step process that is applied to a companys revenue
Answer the following questions in the Discussion Board:
a. Briefly describe the five-step process.
b. Explain the importance of
Discussion Topic: CA24-11
Nancy Tercek, the financial vice president, and Margaret Lilly, the controller, of Romine Manufacturing
Company are reviewing the financial ratios of the company for the years 2012 and 2013. The financial
vice president notes tha
Discussion Topic: CA20-1
Many business organizations have been concerned with providing for the retirement of
employees since the late 1800s. During recent decades, a marked increase in this
concern has resulted in the establishment of private pension pla
Running Header: Certifications
The CMA is the globally recognized, advanced-level credential appropriate for
accountants and financial professionals in business[IMA16]. Certified Ma
Question 1. What are the requirements for each of the designations listed? Please be detailed in your
response and summarize the requirements in your own words.
1. Certified Management Accountant (CMA)
Many CMAs also hold other designations, such as Certi
Discussion Topic: CA20-6
Vickie Plato, accounting clerk in the personnel office of Streisand Corp., has begun to
compute pension expense for 2016 but is not sure whether or not she should include
the amortization of unrecognized gains/losses. She is curre
Discussion Topic: CA19-7
Stephanie Delaney, CPA, is the newly hired director of corporate taxation for Acme Incorporated, which is
a publicly traded corporation. Ms. Delaneys first job with Acme was the review of the companys
accounting practices on defer
Cost of Land versus Building Ethics
AC301-1: Identify characteristics of property, plant and equipment issues related to
presentation of fixed assets in financial statements.
Unit 1 Discussion:
Tones Company purchased a warehouse in a downtown district wh
What are the effects on equities?
Financial Statement Effect of Equity Securities
Presented below is a situation involving equity securities:
An equity security, whose fair value is currently less than cost, is classifed as available for sale but is
AC301-5: Analyze the components of stockholders' equity.
This weeks discussion comes from CA15-3 in the textbook which is found on page 870.
Statement of Financial Accounting Concepts set forth financial accounting and reporting
On February 1, 2013, one of the huge storage tanks of Viking Manufacturing Company
Windows in houses and other buildings within an onemile radius of the explosion were
severely damaged, and a number of people were injured. As of February 15, 201
What is the value to the issuer on the conversion feature of convertible debt? What is the value to the
purchaser on the conversion feature of convertible debt?
Professor and Class,
Corporations issue convertibles for two main reasons. On
Debt vs. Equity Securities
There is a number of differences between both debt and equity securities while there are some
similarities. Please distinguish between both debt and equity securities and provide examples of each
type of investment.
Unit 5 Discussion
Donald Lennon is the president, founder, and majority owner of Wichita Medical
Corporation, an emerging medical technology products company. Wichita is in dire need
of additional capital to keep operating and to bring several promising p
Within the global environment there is much discussion regarding moving from US GAAP (Generally
Accepted Accounting Principles) to IFRS (International Financial Reporting Standards). We know that
corporations are global now more than ever which results in
EPS: Preferred Dividends, Options, and Convertible Debt
This units Discussion topic is from CA16-5 of the text.
Earnings per share (EPS) is the most featured, single financial statistic about modern
corporations. Daily published quotations of stock prices
In the Unit 3 Seminar I about the characteristics of intangible assets. I learned about
amortization of intangible assets. I learned about marketing related intangible assets, and
customer related intangible assets. I also learned about artistic related i
Discussion Topic: CA22-6
Mike Crane is an audit senior of a large public accounting firm who has just been assigned to the Frost
Corporations annual audit engagement. Frost has been a client of Cranes firm for many years. Frost is a