Intermediate Accounting III
Intermediate Accounting III
DQ1 Treasury Stock Cost, Par, and Constructive Retirement Method [WLOs: 1, 2, 3, 4] [CLO: 1]
Prior to beginning work on this discussion, review Chapter 15 in the textbook.
Write: Corporations repurchase shares to provide a return to investors, to reduce the weighted-average number of shares outstanding, or for use in employee compensation plans. Elaborate on these uses, and discuss some other reasons why an entity will repurchase its own shares.
Make sure your initial post is more than 200 words, and include an in-text citation or a brief quote from the reading material where appropriate. You may want to review the Citing Within Your Paper (Links to an external site.) resource from the Ashford Writing Center for proper use of citations.
DQ2 Other Comprehensive Income [WLOs: 1, 2, 3, 4] [CLO: 1]
Prior to beginning work on this discussion, review Chapter 15 in the textbook.
Write: Items included in other comprehensive income enable financial statement users to understand the impact of certain changes in fair value that are not included in the computation of net income. Discuss the following:
What is the usefulness of including other comprehensive income (OCI) in the financial statements?
How will it impact the value of the firm?
Make sure your initial post is more than 200 words, and include an in-text citation or a brief quote from the reading material where appropriate. You may want to review the Citing Within Your Paper (Links to an external site.) resource from the Ashford Writing Center for proper use of citations.
ACC370 Intermediate Accounting III
Week 2 Discussion
DQ1 Fair Value [WLOs: 1, 2, 3] [CLO: 2]
Prior to beginning work on this discussion, review Chapters 16 and 17 in the textbook.
Write: How would the following items be classified in the fair value hierarchy?
Asset retirement obligations
Asset equity securities without readily determinable fair values
Make sure your initial post is more than 200 words, and include an in-text citation or a brief quote from the reading material where appropriate. You may want to review the Citing Within Your Paper (Links to an external site.) resource from the Ashford Writing Center for proper use of citations.
DQ2 Equity Securities Determinable Fair Value [WLOs: 1, 2, 3] [CLO: 2]
Prior to beginning work on this discussion, review Chapters 16 and 17 in the textbook.
Write: Equity securities may not always have a readily determinable fair value.
How are equity securities measured if fair values are not readily determinable?
Give real world examples where appropriate.
Make sure your initial post is more than 200 words, and include an in-text citation or a brief quote from the reading material where appropriate. You may want to review the Citing Within Your Paper (Links to an external site.) resource from the Ashford Writing Center for proper use of citations.
ACC370 Intermediate Accounting III
Week 3 Discussion
DQ1 Leases [WLOs: 1, 2, 3, 4] [CLO: 3]
Prior to beginning work on this discussion, review Chapters 18 and 19 in the textbook.
Write: Prior to the 2016 lease standards, companies were able to structure a significant number of leases in order to keep them off the balance sheet. They did not report the assets and liabilities on the balance sheet; instead, they recorded rent expense each period, without any impact on assets or liabilities. Discuss financial statement effects of the 2016 standards’ requirement that lessees record the lease asset and liability on the balance sheet for almost all lease transactions.
Make sure your initial post is more than 200 words, and include an in-text citation or a brief quote from the reading material where appropriate. You may want to review the Citing Within Your Paper (Links to an external site.) resource from the Ashford Writing Center for proper use of citations.
DQ2 Lease or Purchase [WLOs: 1, 2, 3, 4] [CLO: 3]
Prior to beginning work on this discussion, review Chapters 18 and 19 in the textbook.
Write: Discuss the factors that determine whether an entity should lease or purchase an asset.
What are some of the pros and cons of leasing?
Why would an entity choose to lease instead of purchase an asset?
Give an example of a situation when it is better to purchase than lease an asset.
Make sure your initial post is more than 200 words, and include an in-text citation or a brief quote from the reading material where appropriate. You may want to review the Citing Within Your Paper (Links to an external site.) resource from the Ashford Writing Center for proper use of citations.
ACC370 Intermediate Accounting III
Week 4 Discussion
DQ1 Accounting Changes [WLOs: 5, 6, 7] [CLOs: 4, 5]
Prior to beginning work on this discussion, review Chapters 20 and 21 in the textbook.
Write: Discuss why disclosures are important whenever there is a change in accounting method or estimate. To elaborate on this, discuss the following:
When is a change acceptable?
How do disclosures assist the financial statement user?
Make sure your initial post is more than 200 words, and include an in-text citation or a brief quote from the reading material where appropriate. You may want to review the Citing Within Your Paper (Links to an external site.) resource from the Ashford Writing Center for proper use of citations.
DQ2 Accounting Changes and Error Corrections [WLOs: 5, 6, 7, 8] [CLOs: 4, 5]
Prior to beginning work on this discussion, review Chapters 20 and 21 in the textbook.
Write: Read the interview with Lawrence Steenvoorden in Chapter 21 in your textbook and answer the following questions:
What are the costs of implementing an accounting change?
What are some other possible costs of changing accounting methods?
Can you think of examples other than the ones provided in your reading this week? Share them with your classmates.
Make sure your initial post is more than 200 words, and include an in-text citation or a brief quote from the reading material where appropriate. You may want to review the Citing Within Your Paper (Links to an external site.) resource from the Ashford Writing Center for proper use of citations.
ACC370 Intermediate Accounting III
Week 5 Discussion
DQ1 Cash Flows [WLOs: 1, 2, 3, 4] [CLO: 6]
Prior to beginning work on this discussion, review Chapters 22 in the textbook.
Write: The indirect method is the most popular format used for the operating activities section of the statement of cash flows in the United States. Although the indirect method is the most popular, the direct method is preferred by the FASB. Discuss some of the reasons the direct method may have advantages over the indirect reporting format.
Make sure your initial post is more than 200 words, and include an in-text citation or a brief quote from the reading material where appropriate. You may want to review the Citing Within Your Paper (Links to an external site.) resource from the Ashford Writing Center for proper use of citations.
DQ2 Earnings Per Share [WLOs: 1, 2, 3, 4] [CLO: 6]
Prior to beginning work on this discussion, review Chapter 22 in the textbook.
Write: Identify possible causes of accretion and dilution of earnings per share (EPS) in a proposed merger.
Explain each.
Give examples to support your statements.
Make sure your initial post is more than 200 words, and include an in-text citation or a brief quote from the reading material where appropriate. You may want to review the Citing Within Your Paper (Links to an external site.) resource from the Ashford Writing Center for proper use of citations.
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