ACC 541 Week 6 Learning Team Assignment Auditing a Publicly Traded Company

Apr 23rd, 2015
Studypool Tutor
Price: $10 USD

Tutor description

ACC 541 Week 6 Learning Team Assignment Auditing a Publicly Traded Company

Word Count: 1023
Showing Page: 1/5
Auditing a Publicly Traded CompanyACC/541MEMORANDUMTO: Senior Management FROM: Staff I - Team A DATE: March 26, 2012SUBJECT: Audit of a Publicly Traded CompanyEnsuring a company's accounting treatment of the share-based payment and accounting consolidation theory abides the Generally Accepted Accounting Principles (GAAP) is vital to their success. Through proper research and understanding of the rules the company will be on their way to a profitable business. In this memo, Team A will assess the share-based payment reporting and the special purpose entities (SPE) reporting for 'Company 123.' During the investigation Team A have paid close attention to the accounting treatment of the share-based payment and accounting consolidation theory as it relates to special purpose entities. A share-based payment transaction occurs when the entity obtains goods/services by two methods: 1. Through a share-based payment agreement with the company or person,2. They acquire the commitment to resolve the debt through a share-based payment agreement when another company obtains goods.A share-based payment transaction can be settled by the following: 1. Equity,2. Cash,3. Equity/cashThere are requirements with a share-based payment transaction when reporting on the company's financial reports: 1. When shares increase the equity component must increase, 2. If the payment for the goods/services does not symbolize an as

Review from student

Studypool Student
" AMAZING as always! "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1824 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors