SNHU Final Project Milestone One: Stockholders’ Equity and Revenue Recognition
3-2 Final Project Milestone One: Stockholders’ Equity and Revenue RecognitionAssignment
Bycontinuing to use the company that you adopted in ACC 610, you willapply the technical competence and other skills required by today’sCPAs. Through case-study analysis, you will develop skills such ascommunication, presentation, and interpersonal relations in conjunctionwith technical accounting knowledge.
ACC 620: Financial Reporting II is a continuation of ACC 610. In ACC620, your focus in the final project will be on developing skills incritical thinking and applying accounting theories and practices,according to generally accepted accounting principles (GAAP). You willbe analyzing situations and communicating results to decision makerswith an emphasis on stockholders’ equity, income measurement, incometaxes, pensions, leases, and statements of changes in financialpositions.
Stockholders’ Equity
Determine how your company got its initial financial start in terms of debt (liabilities) or equity (capital). Support your response.
Analyze the equity section of your company’s balance sheet as compared to your company’s industry average. Rate the company’s performance against its competitors.
Review your company’s dividend policy and its history. Based on the information, discuss the trends over the past year.
Income Measurement/Revenue Recognition
Financial Accounting Standards Board (FASB) and the InternationalAccounting Standards Board (IASB) came together on a unified project tooutline the accounting principles for recognizing revenue and to developa common revenue standard for U.S. GAAP and IFRS. Research IAS-18, Revenue, and discuss how it would apply to your company.
Review your company’s revenue over the past two years. Analyze the change in revenue (increase/decrease) and give the reasons for this change.
Reflecting upon your company’s balance sheet, identify the unearned revenueaccounts listed. How does your company handle the proper accountingtreatment with regard to recognizing revenue from unearned revenueaccounts?
For additional details, please refer to the Milestone One Guidelines and Rubric document.
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