In this assignment , you will demonstrate your mastery of the following course outcomes :
Analyze the conceptual framework , standards , standard setting , and presentation of financial statements for ensuring compliance with Generally Accepted Accounting Principles
Differentiate between the Generally Accepted Accounting Principles and the International Financial Reporting Standards for their impact on financial statements
Analyze results of consolidated financial statements for informing internal and external users of financial statements
Analyze financial statement accounts using assertions related to the recognition , measurement , valuation , calculation , presentation , and disclosure of financial information for their accuracy and reliability
Determine appropriate accounting treatments of business transactions , including adjusting entries , for their impact on the results of financial statements
This course , ACC 610 , is the first course in the Financial Reporting Series that includes ACC 610 , ACC 620 , and ACC 630 . Throughout this series , you will apply the concepts you are learning using the financial data and business scenarios of a prominent retail company . You may choose from Wal-Mart , Target , Sears , Kroger , or Amazon . You will continue to use this company for all courses in the series
The course project for ACC 610 will become part of the portfolio that you will build throughout the Financial Reporting Series . Portfolio pieces added during this course are a financial analysis paper , spreadsheets to address the questions posed in the paper , memorandums illustrating company communication , and a financial report
Specifically , the following critical elements must be addressed :