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· Examine the main problems that an entity may encounter, and
determine the highest and best use for fair value measurements
under IFRS 13. Identify and provide alternative
recommendations that can be used for determining fair value of
assets when active markets are not available.
Week 4 Discussion 2
"Asset Impairments: The Recession of 2008-2009" Please respond
to the following:
· From the case study, compare the disclosure notes provided in
Nestle, Swatch Group, and Royal Bank of Scotland with the
disclosure notes of News Corp and CBS Corporation. Explain
which disclosure notes are more informative to the stakeholders
in the evaluation of the financial statements.
· Contrast the difference between the impairment testing of
goodwill and the impairment testing requirements for other
assets. Examine the purpose of the differences identified in testing
impairment of goodwill and other assets.
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ACC 499 Week 5 DQ 1 Accounting for Pension Plans and
DQ 2 General Motors
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Week 5 Discussion 1
"Accounting for Pension Plans" Please respond to the following:
· From the e-Activity, create an argument for the use of the mark-
to-market accounting method for pension accounting. Evaluate
the impact of earnings volatility on financial reporting using
mark-to-market accounting, and indicate whether or not you
believe this is a fair representation of pension obligations.
· Defend the current GAAP rules for pension accounting
reporting on the balance sheet and the income statement.