1. You have just been assigned to provide client services to the following entities. For each, identify three resourcesyou could consult in order to better understand the companys business model and industry.

a. General Dynamics

b. Tesla

c. HCA Healthcare

2.Look up the AICPA Audit & Accounting Guide Health Care Entities, then look for the table of contents to thisguide. Imagine that youve just been assigned to the audit of a hospital. Name two chapters from this book that

you might read (or skim) in advance of the engagement, and explain why you chose these.

3. Stop and think. In this example, youll be asked to stop and think about an issue, then to search the Codificationfor applicable guidance.

a. Stop and think. Your company sells punch cards that entitle the holder to 10 rounds of golf on a golf coursethat it owns. The passes are valid for two years from the date of issuance. The company must determine the

appropriate pattern of recognition for recording this revenue. What does your instinct tell you?

b. Now perform research within the Codification to find guidance on this issue. How does the authoritative

guidance describe this issue?

c. Finally, consider: Was your instinct consistent with the guidance for this issue? How did this instinct help

you evaluate the guidance you found?