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· 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. Recommend a change you
would make to the current pension accounting to more accurately
reflect the future obligations of a company.
Week 5 Discussion 2
"General Motors" Please respond to the following:
· From the case study, assess the benefits and detriments of the U.S.
Government-proposed bankruptcy plan that conserved General
Motors’ liability to the United Auto Workers (UAW) pension and
retiree health care fund. Indicate your agreement or disagreement
with this approach. Provide support for your rationale.
· Examine the major advantages of transferring the post-retirement
benefits to the UAW by General Motors. Indicate the likely impact to
the company and its employees.