Reporting Paper Janis Maraya ACC 541 February 20, 2015 William Montgomery To: CEO From: Controller Date: February 20, 2015 ------------------------------------------------- Subject: Pension Plans and Eliminating Segments This memo is to provide a response to the new CEO who is requesting information regarding the following areas. The first discussion is and explanation of the required reporting on retirement plans that includes defined contribution, defined benefit, and other postretirement
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Advanced External Auditing [AU2] Examination Blueprint 2013/2014 Purpose The Advanced External Auditing [AU2] examination has been constructed using an examination blueprint. The blueprint, also referred to as the test specifications, outlines the content areas covered on the examination and the weighting allotted to each content area. This document also lists the topics, the level of competence for each topic, and the related learning objectives and competencies. The learning objectives have been
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Memorandum To: Kelly Stevens, Senior Auditor CC: Rebecca Kime From: Date: 4/28/2014 Re: Reporting for Share-Based Payment and Special Purpose Entity Purpose We compiled the information presented to address concerns surrounding the audit of McDowells, a publicly traded company. The memo explores both share-based payment and special purpose entities. It details the proper accounting methods for each item. Finally, we offer suggestions and guidelines to ensure McDowells complies with GAAP on
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Christine Errico ACC/541 MEMO TO: Sally Field (Senior Accountant) FROM: Team B SUBJECT: Audit of Nike DATE: October 12, 2012 Ms. Field our team is preparing to audit Nike for their annual audit. We will make sure the company is following generally accepted principles (GAAP). In the staff meeting discussing the upcoming audit of Nike, you asked us to make sure the company is correctly implementing share-based payment reporting and SPE reporting correctly under GAAP. Therefore
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Advanced External Auditing [AU2] Examination Blueprint 2013/2014 Purpose The Advanced External Auditing [AU2] examination has been constructed using an examination blueprint. The blueprint, also referred to as the test specifications, outlines the content areas covered on the examination and the weighting allotted to each content area. This document also lists the topics, the level of competence for each topic, and the related learning objectives and competencies. The learning objectives have been
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MEMO Our company has recently acquired another company which has two segments and two different pension plans. These segments could create reporting issues which we would want to eliminate. To fulfill this objective, we should first understand what the different postretirement plans are and what their reporting requirements are after which we would identify steps to eliminate the two segments. * Defined Benefit Pension Plan In a defined benefit pension plan, employee gets a specified monthly
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Cellular” Objectives: • The main objective of the case is to expose students to an accounting reporting situation where they have to search, identify, interpret and apply official accounting pronouncements. • The research case enhances the students’ ability to look for and evaluate relevant information. • Students should also improve their ability to organize ideas in written communication. Requirement: Assume the role of a staff accountant who has been asked to research the appropriate revenue
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|detailed business requirements | project coordination | Project Manager | | |gathering; initial involvement of the |business requirements |Bus. Analyst | | |Quality Assurance and IT Customer |functional requirements |Systems Analyst | | |Services teams detailed technical and |technical requirements |Working Clients
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statements, mortgages, and patents when a business entity loses a case. This memo describes Codification 450-10-05-4 of the Financial Accounting Standards Board (FASB) that details the proper reporting of gain and loss contingencies, as well as standards for financial statements. This memo will provide relevant information concerning pending lawsuit effects for the use of clients and affected stakeholders. Reporting Requirements For Contingencies: Paragraph 450-20-25-1 sets forth the general rule on
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Accountability in Reporting Memo To: Nonfinancial Audience From: Gabriella Goodfield, Accountant Date: June 25, 2012 Subject: Impact of public scrutiny on not-fot-profit reporting requirements The nonfinancial audience main concerns were and are why is the so much information in the financial reporting. Also, the nonfinancial is questioning why is it necessary for the extra information. Starting with the fact that all financial reports and statements has to give a full picture of
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