402 review questions master

Accounting 402
Contemporary Accounting Issues
Tentative Review Question Due Dates
(questions on new developments may be added later)

Instructor: Dr. Hall

Fall, 2009

Accounting 402 Questions

HANDWRITTEN ANSWERS TO REVIEW QUESTIONS Answers to review questions should be complete and comprehensive. Use complete sentences in formulating your answer. Answers to questions may involve a more extensive investigation beyond the class web pages and from notes taken in class. Other sources might include other web pages external to the course, the actual pronouncements found in your text(s), or from books and journal articles. Answers should not be typed or printed. Answers should be numbered to correspond to the question number. They are subject to collection for review according to the schedule.Answers are to be included in the Financial Reporting Notebook.

Due Date

Review Questions

Sept	3	Orientation; Rule-making process
	8	Rule-making process, Historical Development of Accounting
	10	Accting Theory vs. Accting Practice Conceptual Foundations Attempts at a Conceptual Framework Components of a Conceptual Framework
	15	Governmental influences on financial reporting Role of the SEC in financial reporting Governmental Committees & Legislation Meaning of GAAP
	17	International Financial Reporting Standards Income determination--general concepts
	22	Extraordinary items ARB 43, Chapter 8 APB No. 9 APB No. 30
	24	Prior period adjustments
	29	Disposal of business segments
Oct.	1	Accounting changes in Principle
	6	Accounting changes in Estimate Accounting changes in Reporting Entity Reporting Error Corrections
	15	Earnings per share

		First Examination
.		--
	22	Price level adjustments
	27	Balance sheet-- a statement of financial position Assets-general nature
	29	Current vs. non-current items, net working capital concept Short term Obligations expected to be Refinanced
Nov.	3	Trade Receivables Interest on Receivables and Payables
	5	inventories-general principles
	12	Investments--APB No. 18
	17	Investments--FAS No. 115
	19	Plant assets, Depreciation Accounting for Non-Monetary Transactions Capitalization of Interest Cost Impairment of Assets
		--
	24	Intangibles Research and Development Costs
Dec.	1	Accounting for leases
		Second Examination
	3	Income tax allocation
	8	Accounting for the cost of pension plans
	10	Long term obligations
	10	Financial reporting--overview

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