What are some of the considerations you'd undertake when evaluating what investigation-based
information to disclose to external auditors?
When evaluating what investigation-based information to disclose to external auditors, I would consider
if the inves
If you were engaged to determine lost profits for a business with higher than average profitability
compared to the industry, how would you go about demonstrating the reasonableness of the profitability?
Discuss hypotheses of why a particular business may
Remember to Google "CACI California Civil Jury Instructions".
What are the elements of damages for a wrongful death case?
Please discuss your thoughts on how to calculate damages related to household services for an individual
who was injured in an automo
What degree of latitude is available to the accountant in evaluating conflicts of interest?
Conflicts of interest in litigation engagement happens when there are incompatible interests
between the accountant and related parties such as potential client of
If you were reviewing an opposing accounting experts Rule 26 Report, what aspects of the
report might you focus on related to aiding counsel with a Daubert challenge?
If I were reviewing an opposing accounting expert/s Rule 26 Report, in order to aid coun
I thought we could start with a pretty open ended question. One of the first steps in any
engagement is collecting information.
What do you think is the hardest part in gathering information/data/evidence, and why?
In my opinion, the hardest part in gathe
LEASES - LESSOR
What are the differences between a Direct Financing Lease and a Sales Type Lease?
What is the typical JE for a lease at inception.
What is the typical JE for a lease payment?
Sales Type Lease
What is the typical JE f
Entity A purchases an equity security for $1,000 (40% of common shares of Entity B) at the beginning of the first qua
The fair value of the security is $50 at the end of the first quarter. Thus, it is considered impaired.
Entity B has had a net
At a December 2015 rally in Charleston, South Carolina, just a few days after the San Bernardino shooting, Trump
"We need to enforce a complete and total shutdown of Muslims entering the United States until our country's re
What type of fallacy
Sale and leaseback transactions
ASC 840 & 842
Feb 8, 2017
Sale and leaseback - Definition
An arrangement: one party sells an asset it owns to another party, and
simultaneously leases back all or a portion of the same ass
Presentation: 7 mins
About 3 slides
Revenue recognition & Leases
FX & Derivatives
Stock compensation & convertible debt & EPS
Chapter 13 talks about presentation
Effective date of
1. Change in estimates: p
PwC Stock Compensation
1. Types of awards
taxable at the
time of grant
No as long
as priced at
Lease liability before additional financing due to sales price > FV
Gain on sale
In revenue recognition, ONTIME (license), OVERTIME (maintenance)
We dont have multiple element anymore, instead multi performance obligations (needs to based on
Second paragraph The company allocates reve
Class participation (150 pts) includes:
1. Presentation: 50 pts
Pick up a topic (narrow)
Pick a topic from the list (next class November 8, 2017): talk about new stuff, changes
2. Participation: 50 pts
3. Attendance: 50 pts
Writing assignments are based o
Derivatives and Hedging
DEFINITION OF A DERIVATIVE
Key aspects of ASC 815
Defines what a derivative is very broad definition
All derivatives are reported at fair value (in
accordance with ASC 820) on the balance sheet
Changes in fair value for deri
Assume that King Co acquires 80% of Pawn Co's 100,000 outstanding voting shares on January 1, 2012, for a
total of $800,000 cash. The shares are publicly traded at an average of $9.75 per share, before and after the
CHAPTERS 33 - 36
CHAPTERS 25 - 28
and Debtor s
CHAPTERS 41 - 44
Business Law, Professional Responsibility
and Ethics for Accountants
KEY TERMS AND
CHAPTERS 5 - 8
Chapter 6: Strict
CHAPTERS 45 - 48
Air quality control
Deciphering Financial Statements ( The Walt Disney Company) Locate the 2009
financial statements for The Walt Disney Company on the Internet and consider the
follow-ing questions: 1. How well did Disney do financially during the year ended