ACC/545 Class Work and Final Exam (Financial Reporting)

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ACC 545 Week 1, Individual Assignment, CPA Report 1
ACC 545 Week 1, Individual Assignment, CPA Report
ACC 545 Week 2, Learning Team, Los Lobos Ledger Preparation
ACC 545 Week 3, Individual Assignment, Jamona Corporation Data
ACC 545 Week 3, Indvidual Assignment, Jamona Corporation Scenario
ACC 545 Week 4 Individual Assignment
ACC 545 Week 4, Individual Assignment, Restructuring Debt Data
ACC 545 Week 4, Individual Assignment, Restructuring Debt
ACC 545 Week 5, Individual Assignment, Lee Corporation Equity Scenario Data
ACC 545 Week 5, Individual Assignment, Lee Corporation Equity Scenario
ACC 545 Week 6, Final Exam
ACC 545 Week 6, Learning Team Assignment, Consolidated Financial Statements

ACC 545 Week 1, Individual Assignment, CPA Report 1
ACC 545 Week 1, Individual Assignment, CPA Report 1

ACC 545 Week 1 Individual Assignment CPA Report
As the CPA for a large organization, you were asked by your manager to provide information to outside CPAs who are examining a subsidiary that has been set up as a corporation. As part of their review, the CPAs have asked you to provide them with the following explanations:

The methodology used to determine deferred taxes
The procedures for reporting accounting changes and error corrections
The rationale behind establishing the subsidiary as a corporation

Prepare your response to the three questions. Before submitting your response, your manager would like to know a little bit more about the request. She has asked you to tell her what your professional responsibilities are as a CPA, and the difference between a review and an audit.

You should provide draft responses to the above questions as well as providing your manager with a summary of your responsibilities in one document (no more than…

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