Neuro-Shock & Burns practice
Financial Accounting > CASE STUDY > ACCT 601 Week 2 Individual Assignment: Current Issues Paper (GRADED) (All)
This study source was downloaded by 100000801755870 from CourseHero.com on 04-09-2022 08:18:33 GMT -05:00 https://www.courseher ... o.com/file/27570905/Carrie-Powell-Week-2-Homeworkdocx/ Earnings Per Share The Board decided to look into this project because of narrow issues that ended up becoming known due to the complexity associated with applying GAAP for certain financial instruments with characteristics of liabilities and equity. There are two parts to this update. First part talks about the complexity of accounting for certain financial instrument with down round features. These are features of certain equity-linked instruments that result in the strike price being reduced on the basis of the pricing of future equity offerings. The second part discusses how difficult it is to navigate Topic 480. This is the Distinguishing Liabilities from Equity. Part 1 that relates to liability or equity classification of financial instruments will affect all entities that issue financial instruments that include down round features. The part that relates to the recognition, measurements, and earnings per share of certain freestanding equity-classified financial instruments will affect entities that present earnings per share in accordance with the guidance in Topic 260. Part 2 does not have any accounting effect.This study source was downloaded by 100000801755870 from CourseHero.com on 04-09-2022 08:18:33 GMT -05:00 https://www.coursehero.com/file/27570905/Carrie-Powell-Week-2-Homeworkdocx/ Service Concession Arrangments This update talks about the diversity that stakeholders have noticed about the way an operating entity determines the customer of the operation services for transactions that fall under the Service Concession Arrangements standard, Topic 853. The service concession arrangement is an arrangement between a grantor and an operating entity whereby the operating entity will operate the grantor’s infrastructure. This update will affect any and all entities that use accounting by operating entities for service concession arrangements that fall under Topic 853.This study source was downloaded by 100000801755870 from CourseHero.com on 04-09-2022 08:18:33 GMT -05:00 https://www.coursehero.com/file/27570905/Carrie-Powell-Week-2-Homeworkdocx/ [Show More]
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ACCT 601 Week 1 Individual Assignment: Communication Skills & Report Writing ACCT-601 Week 1 Term Paper: Proposed Topic and Problem Statement ACCT 601 Week 2 Individual Assignment: Current Issues...
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