1 Page Due In 8 Hours

  identify your choice in the title of a Word document and then briefly explain why you selected that option. Your description should be a Full 1-page in length, double-spaced, and formatted according to APA format. You will need write a 1 page of why you chose that project.

PROJECT DESCRIPTION BELOW:

Codification to Research a Complex Accounting Issue: The Case of Goodwill Impairment at Jackson Enterprises

Note:  The two-step impairment test was US GAAP at December 31, 2014, which is the key date for this case study.  The FASB has since issued Accounting Standards Update (ASU) 2017-04, which eliminate Step 2 of the impairment test.  However, for answer the requirements of this case study below, please perform the two-step impairment text which was US GAAP at December 31, 2014.  For your information, today, the quantitative impairment test now includes only one step, which is the comparison of the carrying value to the fair market value of the reporting unit, with the difference representing the recognized goodwill impairment.  While the quantitative aspect of the test has changed under ASU 2017-04, the FASB did not remove the preliminary, qualitative assessment option to determine the appropriateness of the quantitative test.

Read the Case of Goodwill Impairment at Jackson Enterprises (link below). After reading the case study, answer the questions provided.

Financial reporting personnel at Jackson Enterprises (JE) are in the process of completing year-end activities, including necessary adjusting of entries to the consolidated financial statements. While JE has not previously believed it necessary to adjust its recognized goodwill from the Dynamic and ZD acquisitions, the valuation of goodwill is, nonetheless, a prominent concern in the closing process. Assume you are asked to research the financial statement issues surrounding the goodwill recorded for the Dynamic and ZD subsidiaries.

Prepare a paper to address the questions below. In memorandum format, detail the issues involved, the judgements you made based on authoritative literature, and your recommendations for the direction of the goodwill valuation as it relates to Dynamic and ZA. In other words, does the evidence suggest further action is required in determining the appropriate valuation of good will? If so, what steps need to be taken?

Note: Remember that textbooks are not considered authoritative guidance in accounting research.

  1. Identify      and cite the relevant topics/subtopics from the FASB Accounting      Standards Codification for this case.
  2. Identify      the specific accounting issue that you believe needs to be initially      addressed for JE’s consideration of goodwill regarding both Dynamic and      ZD.
  3. What      does the qualitative evidence from the case indicate about whether JE      should perform the two-step impairment test? In your response, identify      specific factors discussed in the Codification and relate      them to the information provided to you in the case.
  4. Beyond      the assessment of qualitative factors, what other evidence should be      considered for the purpose of the analysis? What does this information      suggest? For Dynamic, what do you think is the most appropriate fair value      amount to use in assessing the fair value of this reporting unit? Explain.      Why is this important?
  5. Based      upon the information provided above, should Dynamic and ZD be combined or      separated for the purposes of the goodwill analysis? Explain. Why is this      important?
  6. Based      upon your initial analysis, do you think the $200 million goodwill balance      (i.e., the $150 million for Dynamic and the $50 million for ZD) is the      appropriate valuation for goodwill on the December 31, 2014 balance sheet      of JE?

Chapter 3 in Advanced Financial Accounting

Deloitte. (2018). A roadmap to consolidationIdentifying a controlling interest. Retrieved from https://www2.deloitte.com/us/en/pages/audit/articles/a-roadmap-to-consolidation-identifying-a-controlling-financial-interest.html

Jones, R. C. (2018, August). Common control entities and consolidation of variable interest entities. The CPA Journal. Retrieved from https://www.cpajournal.com/2018/08/15/common-control-entities-and-consolidation-of-variable-interest-entities/

Chapter 3 in Advanced Financial Accounting, PowerPoint presentation

Lange, C. D., & Fornaro, J. M. (2017). Consolidation of variable interest entities for private companies. CPA Journal, 87(2), 46-50.

PWC. (2015). A comprehensive guide to consolidation and equity method of accounting under U.S. GAAP. Retrieved from https://www.pwc.com/us/en/cfodirect/publications/accounting-guides/consolidation-framework-equity-method-accounting-vie-guide.html

PWC. (2016, January 19). In depth: New consolidation standardUpdated insights. Retrieved from http://www.pwc.com/us/en/cfodirect/publications/in-depth/new-consolidation-standard-fasb-guidance-adoption-updated-insights-us2015-08.html

Christensen, T., Cottrell, D., & Budd, C. (2019). Advanced financial accounting (12th ed.). New York, NY: McGraw-Hill.

I Have To Do What

 

I Have to do What?

This chapter discusses the differences between self-policing and traditional policing.

In 1-2 pages, compare and contrast self- policing efforts with traditional policing efforts.

In your opinion which model is better?

Explain why. 

I Never Would Have Guessed

 

I Never Would Have Guessed

Garrett Speaks went undercover in an attempt to gather intelligence regarding nursing home violations/criminal activity.

You discover the Garrett is an undercover investigator and not an employee.

Are there legal, moral, and ethical issues? Why or why not?

Supply chain management.

Examine supply chain management and global supply chain concepts supportive of operations management efforts.
PC-3.2: Interact with others in a professional manner using appropriate communication and presentation skills.

Once, the world seemed smaller, with businesses having scope within their national supply chains. Now, business leaders need to consider the concept of glocalization, a hybrid word of global and local, they need to think globally and act locally. It is important within the context of business, that supply chain management (SCM) supports operations management (OM) efforts.

In the modern world, there really only is the global supply chain, however it can be considered from both general theoretical and applied practical perspectives.

Directions

In this Assessment, you will compose and informative essay in which you specifically address the parts listed below.

Part 1: Examine the supply chain management and global supply chain concepts supportive of operations management efforts. They are as follows:

SCM Theory

Select a part of general SCM Theory to examine more closely. Conduct online research to support your writing with credible sources. In particular, demonstrate your knowledge of how supply chain management supports operations management efforts.

Global SCM Practice

Select a part of the application of Global SCM practice to examine more closely. Conduct online research to support your writing with credible sources. In particular, demonstrate your knowledge of how global supply chain management supports operations management efforts.

Part 2: Close your paper with the following observations from your research:

The importance of professional interaction, communication, and presentation skills within the operations management and SCM environments.

Ensure each topic is covered to appropriate breadth and depth demonstrating knowledge of the module concept.

Minimum Submission Requirements

This Assessment should be a separate Microsoft Word document, preferably in the most current .docx file format.
In addition to the APA 6th edition style title page and reference page; ensure your paper covers the assigned topics, with a focus on quality. The following items provide additional guidance as to writing expectations.
Respond to the questions in a thorough manner, providing specific examples of concepts, topics, definitions, and other elements asked for in the questions. Your paper should be highly organized, logical, and focused.
It must be written in Standard English; demonstrating exceptional content, organization, style, grammar, and mechanics.
Your paper should provide a clearly established sustained viewpoint and purpose.
Your writing should be well ordered, logical, and unified; as well as original and insightful.
Ensure your paper uses APA 6th edition format for content, with properly indented paragraphs, and a minimum of 3-full pages (minimum 750 words) covering the assigned topics to appropriate depth.
A separate page at the end of your research paper should contain a list of references, in APA 6th edition format. Use your textbook, the Library, and the internet for credible research.
Ensure you have at a minimum three quality references supporting your work: defining words, or using dictionaries, wikis, or encyclopedias, does not count as a quality reference, or meet university standards for credible online research.
Be sure to cite both in-text and reference list citations were appropriate and reference all sources. Your sources and content should follow proper APA 6th edition citation style. Review the APA formatting and citation style resources found in the Writing Center. The Writing Center can be found in the Academic Success Center in the Academic Tools area of your course.  (It should include a cover sheet, paper is double-spaced, in Times New Roman 12-point font, correct citations, Standard English with no spelling or punctuation errors, and correct references at the bottom of the last page.)