Issues with Codification and Research Measurement
Order ID 53563633773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages
Issues with Codification and Research Measurement
Making Use of Codification
Measurement of Research
Now it’s your turn to try 7.7.
1. Describe the purpose of the credit loss allowance. Is there a direct reduction in the reported?
what is the value of a company’s receivables?
2. Should the allowance be calculated on a per-asset basis or on a pooled basis? Explain.
3. What are some of the methods an entity can use to calculate its credit allowance?
4. For how long (time horizon) should an asset’s expected losses be considered?
You are now going to try 7.8.
1. How often should a company’s credit loss allowance be recalculated?
2. Explain how to make a journal entry to increase an existing allowance account.
balance, and cite the paragraph that backs up your claim.
3. What is a write-off of a financial asset, and how does it differ from other types of financial asset write-offs?
what is the accounting for a change in the allowance account?
Consider the following scenario. Assume a company keeps track of its accounts receivable aging.
and historical data showing that 7 percent of its receivables are 1-30 days past due on average
The amount owed will not be collected. The company believes the economy has improved in comparison to previous years.
It is estimated that this information will reduce the expected loss rate by 5%.
4. Using the ASC 326-20 excerpts as a guide, discuss whether a reduction to the
It’s possible that the company’s expected loss percentage is accurate.
Respond to the following questions using the Codification as a guide. For each response, cite your sources.
3. When should an investor recognize equity in an investment using the “equity method” of accounting?
Is it better to calculate income in the period when the investee reports earnings or when the investee declares a dividend?
4. Is there measurement guidance on employer obligations (in Sections 30 or 35 of the applicable topic)?
for employee absences that are compensated (such as vacation accruals)? If not, consider where else a researcher could go.
are you looking for such measurement advice in this topic?
12. What is the maximum amount of interest that can be capitalized as part of Topic 835-20 (Capitalization of Interest)?
for certain qualifying assets, the initial investment in an asset? What factors should a company consider when determining its value? “the use of capitalization
esteem “in order to capitalize interest?
13. a. In terms of income tax accounting, what is a valuation allowance?
b. What ASC 740-10 guidance requires entities to consider applying a valuation allowance to?
What are deferred tax assets?
c. What are some factors to consider when deciding whether or not a valuation allowance is required?
Study of a Case
Go ahead and eat some cheese. Simmons and Frankie’s Homemade Cheese Shop (“Frankie’s”) have signed an advertising agreement.
Billboard advertising rights (“Owner”) for billboards along Route 33 in Hampton. Frankie’s is the place to be.
to choose and place advertising copy on billboard panels numbered IO and 12 (panel numbers correspond to designated locations on the billboard)
billboard locations) for a period of three years, from January 1, 20X I, to December 31, 20X3. In exchange for these rights,
Frankie’s has agreed to pay $10,000 in the first year, $12,000 in the second year, and $13,000 in the third year. Assume you’ll need Frankie’s.
Each contract year’s annual fee is due on January 1st. What are the consequences if Frankie’s incremental borrowing rate is 5%?
the entries Frankie should make at the start of the contract, then at the end of the first, second, and third years?
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points: Student failed to submit the final paper. 5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors 10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points: Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper.
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