Acc 421 Week 2 Complete Uop Exam Assignment

ACC 421 Week 2 Complete

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DQ 1. What are the different criteria for recognizing revenue?

DQ 2. What are the differences between regular and irregular items on an income statement?

DQ 3. What is included in other comprehensive income?

DQ 4. Describe and differentiate the two methods of recognition revenue before delivery.

DQ 5. Describe the effect of irregular items may have on an investor’s analysis of a company.

DQ 6. Class it is important that we stay in touch with the changes that are happening in our profession. Utilize the Financial Accounting Standard Board’s website to answer the discussion topics provided below.

• Research an ongoing project that the FASB is involved in. State the current status of the project, when the project is expected to be completed and provide a brief summary of the nature of the project.

• Locate an exposure document. Detail the comment deadline, the nature of the exposure draft and indicate what some of the comment letter responses have included about the draft.

Individual Assignment - WileyPLUS

Resource: WileyPLUS

Access WileyPLUS using the link on the student website.

Complete the WileyPLUS (Exercise 4-6, Exercise 4-6 (Essay), Exercise 4-16, Exercise 18-12, and Exercise 18-13)

Learning Team Assignment - Exercises and Problems

Resource: Learning Team Forum

Write responses to the problems provided.

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