Chapter 13 - Delivering Effective Presentations (exercises 2, 3, 5, 6, and 8 in your text)

Exercises

2. You are delivering a presentation, and the subject matter concerns whether a company should report convertible debt simply as a liability, or whether embedded features (like the conversion option) in the debt should be separately accounted for as derivatives. Thinking beyond the case facts, list four other considerations you should be prepared to address (such as during Q&A) or background understanding you should gain before presenting.

3. Describe your personal biggest challenge when delivering presentations. Did this chapter address that challenge, and what tips did it offer?

5. Imagine you are presenting an accounting issue to a class of your peers. The issue is when a company should recognize revenue for the sale of a computer with a 2-year warranty. Prepare a draft agenda (using bullet points) for this hypothetical presentation.

6. Now imagine you are presenting the same issue to students in an MBA program, who do not have a deep accounting background. Name three ways in which the focus, delivery, or content of your presentation might change in light of this audience.

8. Brainstorm two ways that you can improve the quality of your group's final product and delivery, in circumstances where you are assigned to present with a team.

Chapter 14 - Staying Current with Emerging Accounting Guidance (exercises 6, 7, 9, 11, and 13 in your text)

Exercises

FASB/EITF

6. What is one of the topics currently being addressed by the EITF? Why do you suppose that the EITF, and not the FASB, is addressing this issue?

7. Locate the most recently issued Accounting Standards Update (ASU). Starting with the ASU's Summary pages, respond to the following:

a. What was the Board's reason for addressing this issue?

b. What are some of the key changes this standard will make?

c. What Codification topics will this "ASU" amend?

d. Locate the section of the ASU where it shows changes to the Codification. Does this ASU add to, or replace existing Codification content? Explain.

IASB

9. Locate an agenda from an upcoming IASB meeting and list two or three of the topics they plan to cover. Which of these topics do you think may be the most closely watched by the IASB's constituents? Explain.

PCAOB/ AICPA

11. Navigate to the AICPA website. Locate information regarding activities of the Auditing Standards Board (perform a keyword search for Auditing Standards Board from the homepage). What is one issue that this Board is currently addressing or plans to address at an upcoming meeting?

GASB

13. Locate the GASB's technical project agenda and describe two current projects being undertaken. What is the purpose of these projects, and what changes might result from them?