ACC 620: Financial Reporting II is a continuation of ACC 610. In ACC 620, your focus in the final project will be on developing skills in critical thinking and applying accounting theories and practices, according to generally accepted accounting principles (GAAP). You will be analyzing situations and communicating results to decision makers with an emphasis on stockholders? equity, income measurement, income taxes, pensions, leases, and statements of changes in financial positions.

Sears the Company being examined

1. Stockholders? Equity
   1. Determine how Searsgot itsinitial financial startin terms of debt (liabilities) or equity (capital). Support your response.
   2. Analyze the equity section of Sear?s balance sheet as compared to Sear?sindustry average. Rate the company?s performance against its competitors.
   3. Review Sear?sdividend policyand its history. Based on the information, discuss the trends over the past year.
2. Income Measurement/Revenue Recognition
   1. Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) came together on a unified project to outline the accounting principles for recognizing revenue and to develop a common revenue standard for U.S. GAAP and IFRS. ResearchIAS-18, Revenue, and discuss how it would apply to sears.
   2. Review Sear?srevenueover the past two years. Analyze the change in revenue (increase/decrease) and give the reasons for this change.
   3. ReflectinguponSear'sbalancesheet,identifytheunearnedrevenueaccountslisted.Howdoesyoursearshandletheproperaccountingtreatmentwithregardtorecognizingrevenuefromunearnedrevenueaccounts?

3-4 APA FORMATTING WITH 3 CREDIT SOURCES. Will be ran through plagiarism software to check for originality.

ACC 620: Financial Reporting II is a continuation of ACC 610. In ACC 620, your focus in the final project will be on developing skills in critical thinking and applying accounting theories and practices, according to generally accepted accounting principles (GAAP). You will be analyzing situations and communicating results to decision makers with an emphasis on stockholders' equity, income measurement, income taxes, pensions, leases, and statements of changes in financial positions. Sears the Company being examined 1. 1. 2. 3. 2. 1. 2. 3. Stockholders' Equity Determine how Sears got its initial financial start in terms of debt (liabilities) or equity (capital). Support your response. Analyze the equity section of Sear's balance sheet as compared to Sear's industry average. Rate the company's performance against its competitors. Review Sear's dividend policy and its history. Based on the information, discuss the trends over the past year. Income Measurement/Revenue Recognition Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) came together on a unified project to outline the accounting principles for recognizing revenue and to develop a common revenue standard for U.S. GAAP and IFRS. Research IAS-18, Revenue, and discuss how it would apply to sears. Review Sear's revenue over the past two years. Analyze the change in revenue (increase/decrease) and give the reasons for this change. Reflecting upon Sear's balance sheet, identify the unearned revenue accounts listed. How does your sears handle the proper accounting treatment with regard to recognizing revenue from unearned revenue accounts? Guidelines for Submission: Your paper must be submitted as a 3-4-page Microsoft Word document with double spacing, 12-point Times New Roman font, one inch margins, and at least three Credit Sources cited in APA format. Stockholders' Equity: Initial Financial Start Meets \"Proficient\" criteria and uses concrete examples to substantiate claims = 15 POINTS Stockholders' Equity: Industry Average Meets \"Proficient\" criteria and uses concrete examples to substantiate claims = 15 POINTS Stockholders' Equity: Dividend Policy Meets \"Proficient\" criteria, and discussion is exceptionally clear and contextualized. = 15 POINTS Income Measurement/Revenue Recognition: IAS-18 Meets \"Proficient\" criteria and uses concrete examples to substantiate claims. = 15 POINTS Income Measurement/Revenue Recognition: Revenue Meets \"Proficient\" criteria, and rationale is well supported with concrete evidence. 15 POINTS Income Measurement/Revenue Recognition: Unearned Revenue Meets \"Proficient\" criteria and displays a nuanced understanding of the company's internal processes. = 15 POINTS Articulation of Response Submission is free of errors related to citations, grammar, spelling, syntax, and organization and is presented in a professional and easy-to-read format. = 1O POINTS