DEVRY ACCT547 all WEEK DISCUSSIONS

WEEK 1

Acquisitions in Business (graded)

Acquisitions occur frequently in the world of business. Companies such as Omnicom, Wells Fargo, Medtronic, Johnson & Johnson, Pfizer, and AT&T incorporate strategies in making acquisitions. Do you have some ideas of what the key ingredients are to make them successful and why many of them are not? Can you think of why some companies seem to do well with acquisitions?

Study Room: Chapter 1 (graded)

Let's work out here problems based chapter concepts for hands on practice.

WEEK 2

Business Combinations and VIEs (graded)

What is a controlling financial interest? How did the FASB define this in FIN 46R? What are typical difficulties in ascertaining whether control exists where perhaps no voting interest is actually maintained?

Study Room: Chapter 2 (graded)

Let's have hands on practice here

WEEK 3

Consolidation and Goodwill Issues (graded)

In this week we will discuss Initial Value method, Partial equity method and Equity method and Goodwill impairment.



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Study Room: Chapter 3 (graded)

We will work here problems on equity, partial equity and initial value methods and know difference between these three and the accounting for goodwill impairment.
















WEEK 4

Consolidation and Noncontrolling Interest (graded)

As we know, total ownership is not a requirement for consolidation. A parent need only gain control of another company to create a business combination. If less than 100% of a subsidiary's voting stock is obtained, how is the presence of the other owners reflected in consolidated financial statements? What accounting is appropriate for a noncontrolling interest? How are these figures computed and where are they reported on the consolidated statements?

Study Room: Chapter 4 (graded)

Let's work out problems here.



Modified:1/23/2015 7:50 PM Class, please solve problem 10, 12, 14, 15 and 16 on pages 181 and 182 of the text. Please analyze the solution and discuss how you have arrived at the answer. I am not looking for only correct answer choice here. Please let me know if you have questions

WEEK 5

Consolidation and Intercompany Activity (graded)

How important is intercompany activity on decisions to form business combinations?

Study Room: Chapter 5 (graded)

Let's workout here problems on inter-company activity.

Class, solve problem 16 on page # 235. Please describe how you have arrived at each answer. Please let me know if you have any questions

WEEK 6

Class, this week we will cover chapter 9 and chapter 10. Chapter 9 is about the foreign transactions and chapter 10 is about Foreign Exchange Translation. Let's discuss first what is Exchange Rate and how the income, assets and liabilities of the companies involved in the foreign transactions are impacted because of the fluctuations in exchange rates. Please let me know if you have any questions

Study Room: Chapters 9 and 10 (graded)

Chapter # 9 and Chapter # 10 problems.

Class, what is the FASB guidance regarding the accounting for foreign transactions? Please let me know if you have any questions.

WEEK 7

Partnerships (graded)

How do you distinguish a partnership from a corporation? How do you distinguish a public partnership from a public corporation?

Study Room: Chapters 14 and 15 (graded)

What are the main topics discussed in Chapters 14 and 15 (through p. 661)? What are the primary considerations and issues?

Class, please solve problem # 18 on page # 649 to understand the Bonus and Goodwill method of recording the admission of a new partner. Please let me know if you have any questions.

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