The final project for this course is the creation of a white paper consisting of a report and spreadsheets. The final project represents an authentic demonstration of competency because you will be...

The final project for this course is the creation of a white paper consisting of a report and spreadsheets. The final project represents an authentic demonstration of competency because you will be placed in a scenario in which you will take the role of an associate in a certified public accountant (CPA) firm. The CPA partners in this scenario ask you to create a report for the firm’s clients to help address some of the questions they ask. This exercise will task you with preparing the information necessary to address the client’s questions in report format. Topics addressed in the white paper will cover bankruptcy, interim and segment reporting, foreign currency transactions, and nonprofit and governmental accounting. The project is divided into three milestones, which will be submitted at various points throughout the course to scaffold learning and ensure quality final submissions. These milestones will be submitted in Modules Three, Five, and Seven. The final project will be submitted in Module Nine. In this assignment, you will demonstrate your mastery of the following course outcomes:  Differentiate between various forms of bankruptcy and restructuring for how they impact incorporated entities  Construct interim and consolidated financial statements for addressing full disclosure and transparency under both GAAP and IFRS reporting requirements  Create translated foreign currency financial statements using current and temporal methods to illustrate the impact of foreign exchange rates  Appraise the processes used to identify reportable segments for their effectiveness in supporting transparency in financial reporting  Compose nonprofit and governmental financing statements that are compliant with applicable governing rules and regulations including government accounting standards (GAS) Prompt Imagine you have been working at an established CPA firm for two years. Your great work has not gone unnoticed, and the CPA partners have asked you to assemble a white paper for the firm’s clients to help address some key areas of concern. Your goal is to create the information necessary to address each of the topics as outlined below. You will prepare the information in a written report format, with accompanying spreadsheets as supporting documentation, for the partners and clients.
Jan 04, 2021
SOLUTION.PDF

Get Answer To This Question