The final project for this course is the creation of a portfolio consisting of a report, spreadsheets, and a PowerPoint presentation. The final project represents an authentic demonstration of competency because you will be placed in a real-world scenario in which you will take the role of an associate in a certified public accountant (CPA) firm. The CPA partners in this scenario would like to help you grow within the firm by getting you more contact with some of the larger clients.
To accomplish this goal, the partners will ask you to assemble a presentation for one of the firm's most influential and growing clients to help address some of the client's key areas of concern. This exercise will task you with assembling and presenting the information necessary to address each of the client's questions in report format. Topics addressed in the portfolio will cover partnership formation, bankruptcy, and acquisition of another company (which may be international).
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:
? Illustrate the process of accounting in partnership entities for addressing its impact on balance sheet accounts
? 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)