Project InformationYou are a manger in the accounting department of Greene company.\ufffd\ufffd Greene is a rapidly expanding manufacturing company, and is considering some additional acquisitions.<\/p>\n
The company would like to diversify, and is trying to decide between the two different scenarios outlined in Part 1 and Part 3.\ufffd\ufffd To help him make his decision, the<\/p>\n
Chief Financial Officer would like specific information on how the potential acquisitions would affect financial reporting.
\nProject Requirements
\nThis project is split into four (4) parts with one (1) part due each week of the course. Based on your readings, use of technology, research of literature, and other<\/p>\n
sources do the following:\ufffd\ufffd
\nPart 1 – Greene is considering diversifying by purchasing an insurance company and a lumber company.\ufffd\ufffd The CFO would like to know how the accounts of these two<\/p>\n
substantially different subsidiaries would be reported in the consolidated financial statements.\ufffd\ufffd Research the Accounting Standards Codification to see what guidance<\/p>\n
is provided, and prepare a 2-page memo to the CFO with your findings.\ufffd\ufffd Include in your memo at least two examples of situations in which it may be inappropriate to<\/p>\n
combine similar-appearing accounts of two subsidiaries.
\nPart 2 – View the attached excel file to prepare a consolidated balance sheet for Greene.
\nPart 3 \ufffd\ufffd\ufffdIn a separate scenario, Greene is investigating purchasing two overseas manufacturing companies that would be included in Greene\ufffd\ufffd\ufffds consolidated financial<\/p>\n
statements as wholly owned subsidiaries.\ufffd\ufffd One company is in New Zealand, and the other company is located in Spain.\ufffd\ufffd The CFO would like to know what factors need to be<\/p>\n
considered when determining the functional currency for a consolidated subsidiary.\ufffd\ufffd Research the Accounting Standards Codification to see what guidance is provided,<\/p>\n
and prepare a 2 page memo to the CFO explaining the various economic indicators to be considered both individually and collectively.
\nPart 4 \ufffd\ufffd\ufffd Present your project to the class for discussion.<\/p>\n
Writing Requirements<\/p>\n
\ufffd\ufffd\ufffd\ufffd\ufffd\ufffdThe report should be should be 4-5 pages (not including cover page, abstract, or references)
\n\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffdInclude the Excel spreadsheet(s) as exhibits in your paper
\n\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffdInclude a minimum of 3 scholarly sources from the KU Library
\no\ufffd\ufffd\ufffd\ufffd\ufffd\ufffdAll sources used are to be cited in APA format
\nPlease use the writing center if needed<\/p>\n
Collaborative Activity
\n\ufffd\ufffd\ufffd\ufffd\ufffd\ufffdYou will be using Excel to create the exhibit to your paper
\n\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffdYou will be presenting your findings from the project to the class using the voice-over feature in\ufffd\ufffdPowerPoint\ufffd\ufffdor\ufffd\ufffdYouTube. Please be sure the audio is clear<\/p>\n
and the file or link is accessible in the Week 4 Presentation discussion board.
\n\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffdYou will be collaborating with other classmates on their presentations and answering any questions about your own presentation..<\/p>\n
Four Parts
\n\ufffd\ufffd\ufffd Week 1:\ufffd\ufffd Submit your memo regarding account presentation.
\n\ufffd\ufffd\ufffd Week 2:\ufffd\ufffd Submit your completed excel template.
\n\ufffd\ufffd\ufffd Week 3:\ufffd\ufffd Submit\ufffd\ufffdyour memo regarding functional currency.
\n\ufffd\ufffd\ufffd Week 4:\ufffd\ufffd Present and discuss your project\ufffd\ufffd \ufffd\ufffd \ufffd\ufffd \ufffd\ufffd\ufffd\ufffd<\/p>\n
FASB Codification\/AAA Student Log in Access
\nKeiser University subscription to the Academic Accounting Access\ufffd\ufffdto\ufffd\ufffdFASB\ufffd\ufffdAccounting Standards Codification Professional View\ufffd\ufffdand\ufffd\ufffdGovernmental Accounting Research<\/p>\n
System (GARS) Online\ufffd\ufffdfor September 2016- August 2017:
\nhttp:\/\/aaahq.org\/FASB-GASB
\nStudent Access
\nUsername – \ufffd\ufffdAAA53060\ufffd\ufffd
\nPassword – \ufffd\ufffd7RHs3pS<\/p>\n","protected":false},"excerpt":{"rendered":"
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