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Can I get help with this assignment. I have attached the rubric. I have done part I and most of II. But am now stuck

Can I get help with this assignment. I have attached the rubric. I have done part I and most of II. But am now stuck at II part E, can I please get help with the rest of part II, part III and part IV. Thank you so much in advance

image text in transcribed ACC 690 Final Project Guidelines and Rubric Overview 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) Prompt Imagine you have been working at Quality's CPA firm for two years now. Your great work has not gone unnoticed, and the CPA partners 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 have asked you to assemble a presentation for one of the firm's most influential and growing clients, to help address some key areas of concern for the client. Your goal is to assemble and present the information necessary to address each of the client's questions, outlined below. You will present the information utilizing a PowerPoint (or Prezi, Keynote, etc.) presentation with speaker notes, embedding spreadsheets within. You will also be required to submit all of your responses in the form of a written report, with accompanying spreadsheets as supporting documentation, for your presentation that would be presented to the partners and client. Specifically, the following critical elements must be addressed: I. Partnership: The company is considering forming a partnership and wants to be sure it understands the key issues regarding partnership formation, income distribution, and liquidation. A. Explain the process and methods used to account for partnership formation. How do these methods impact the firm's balance sheet? B. Illustrate how the company could split profits and losses. C. Describe what happens if the partnership does not do well and the company has to dissolve it, or one of the partners becomes insolvent. D. Illustrate the dissolution process by creating a hypothetical cash distribution schedule. Ensure all information is entered accurately. II. Corporation: The company is also considering structuring its business as a corporation, but is aware that there are a lot of complex issues to consider when accounting for an incorporated entity. The company is concerned about the following key areas: A. Differentiate between various forms of bankruptcy and restructuring that the firm should understand. 1. Summarize the key points of interest if the firm fell on hard times and had to file voluntary bankruptcy. What ethical implications should be considered when debating whether or not to file bankruptcy? 2. Identify the key areas of concern if the firm fell on hard times and their creditors forced them into bankruptcy. What defenses are available in this situation? 3. Illustrate hypothetical calculations that would be done to help creditors understand how much money they might receive if the company were to liquidate. Ensure all information is entered accurately. B. What interim reporting requirements would the company have as a corporation? Describe the guidance related to interim financial statements under generally accepted accounting principles (GAAP) and international financial reporting standards (IFRS). C. Generate a hypothetical financial statement illustrating what that interim reporting entails. Ensure all information is entered accurately. D. Determine if the interim reporting requirements are the same under GAAP and IFRS. Provide an example to support your response. E. The company also heard that they may have to report some of their business segments separately if they opt to incorporate. 1. Appraise one of the processes used to identify which segments would have to be reported separately. Provide examples to support your response. 2. How is this process effective in supporting transparency in financial reporting? Defend your response. 3. Provide suggestions to improve this process in an effort to sustain transparency. Defend your rationale. F. When incorporating, it is important to consider whether or not the company's business deals internationally. 1. Summarize the impact of foreign exchange rates on the company's financial statements. What risks do foreign exchange rates pose? 2. What are the two methods used to translate financial statements and how does the functional currency play a role in determining which method is used? 3. Compose a hypothetical example to demonstrate the translation process using the two methods. Ensure all information is entered accurately. III. Acquisitions: The company is also considering acquiring another small company. Communicate the crucial elements of creating consolidated financial statements including the income statement, balance sheet, and statement of cash flows in the case of possibly acquiring another company. A. If the company acquires another small company, assess how it would know if it has to consolidate its financial statements on an annual basis. Defend your response. B. Describe what the consolidation process entails. C. Compose a hypothetical example of the consolidation worksheet and elimination entries. Ensure all information is entered accurately. IV. Nonprofit and Governmental: Consider that your company is a nonprofit entity and a governmental entity. Discuss the reporting requirements for each and how they differ from a for-profit entity. A. Explain how you would address compliance with GAS in nonprofit and governmental financial statements. B. Explain how the analysis of nonprofit and governmental financial statements differs from analysis of traditional financial statements. Provide examples to support your response. C. Compose example financial statements for your company as a nonprofit entity and as a governmental entity. Ensure all information is entered accurately and the statements are compliant with GAS. Milestones Milestone One: Partnerships and Bankruptcy In Module Three, you will submit a report covering Section I and Part A of Section II of the final project. In the paper you will discuss the key issues of partnership, such as formation, splitting profits/losses, dissolution, and cash distribution schedules. You will also discuss the issue of bankruptcy, both voluntary and forced, as well as liquidation. This milestone will be graded with the Milestone One Rubric. Milestone Two: Corporation In Module Five, you will submit a report as well as the necessary spreadsheets for Section II (Parts B-F) of the final project. You will discuss interim reporting requirements under GAAP and IFRS, as well as provide an example financial statement illustrating what the interim report should entail. You will also discuss reporting requirements for business segments and discuss transparency in financial reporting. Lastly, you will consider the company's potential international business deals, such as the impact of foreign exchange rates and the methods for translating financial statements. You will also create a hypothetical example demonstrating the translation process, using the two methods, to submit with your paper. This milestone will be graded with the Milestone Two Rubric. Milestone Three: Acquisitions In Module Seven, you will submit a report as well as the necessary spreadsheets for Section III of the final project. You will discuss acquisitions and the consolidation process. You will also create a hypothetical example of a consolidation worksheet to submit with your report. This milestone will be graded with the Milestone Three Rubric. Final Project Submission: Portfolio (Including Report, Spreadsheets, and Presentation) In Module Nine, you will submit your final project, which includes the report, spreadsheets, and presentation. It should be a complete, polished artifact containing all of the critical elements of the final product, including Section IV, Nonprofit and Governmental. It should reflect the incorporation of feedback gained throughout the course. This submission will be graded with the Final Project Rubric. Deliverables Milestone Deliverable Module Due Grading Three Graded separately; Milestone One Rubric One Partnership and Bankruptcy Two Corporation Five Graded separately; Milestone Two Rubric Three Acquisitions Seven Graded separately; Milestone Three Rubric Final Project Submission: Portfolio Nine Graded separately; Final Project Rubric Final Project Rubric Guidelines for Submission: Your portfolio should consist of a 20- to 25-slide PowerPoint presentation (including speaker notes and embedded worksheets), a 7to 10-page written report (double spaced with one-inch margins, 12-point Times New Roman font, and in APA format), and accompanying spreadsheets as appendices within the report. Instructor Feedback: This activity uses an integrated rubric in Blackboard. Students can view instructor feedback in the Grade Center. For more information, review these instructions. Critical Elements Partnership: Formation Partnership: Split Exemplary Meets \"Proficient\" criteria and provides examples and insights on the implications of each method (100%) Proficient Explains the process and methods used to account for partnership formation and how they impact the firm's balance sheet (90%) Illustrates the options for distribution of profits and ensures all information is entered accurately (100%) Needs Improvement Explains the process and methods used to account for partnership formation but does not explain how they impact the firm's balance sheet, or explanation is cursory or has inaccuracies (70%) Illustrates the options for distribution of profits and losses, but there are inaccuracies (70%) Not Evident Does not explain the process and methods used to account for partnership foundation (0%) Does not illustrate the options for distribution of profits and losses (0%) Value 4.45 4.45 Partnership: Dissolve Meets \"Proficient\" criteria and provides insight or examples of dissolution as it applies specifically to the client's firm or industry (100%) Partnership: Cash Distribution Schedule Corporation: Voluntary Bankruptcy Meets \"Proficient\" criteria and examines issues of bankruptcy with critical analysis, applying the subject specifically as it applies to the client firm (100%) Corporation: Forced Bankruptcy Meets \"Proficient\" criteria and explains the concepts in terms of the client firm or client industry (100%) Corporation: Liquidate Corporation: Interim Reporting Meets \"Proficient\" criteria and provides relevant examples to illustrate claims (100%) Describes what happens in partnership dissolution or partner insolvency (90%) Illustrates the dissolution process by providing an example of a cash distribution schedule, ensuring accuracy (100%) Summarizes the key points of interest if the firm had to file voluntary bankruptcy and discusses the ethical implications that should be considered (90%) Identifies the key areas of concern if the firm was forced into bankruptcy and the defenses available in this situation (90%) Illustrates calculations and ensures all information is entered accurately (100%) Describes the interim reporting requirements the company would have as a corporation and the guidance related to interim financial statements under GAAP and IFRS (90%) Describes what happens in partnership dissolution or partner insolvency, but description is cursory or has inaccuracies (70%) Illustrates the dissolution process by providing an example of a cash distribution schedule, but there are inaccuracies (70%) Summarizes the key points of interest if the firm had to file voluntary bankruptcy, but does not discuss the ethical implications that should be considered, or discussion is cursory or has inaccuracies (70%) Identifies the key areas of concern if the firm was forced into bankruptcy but does not identify defenses available, or identification is cursory or has inaccuracies (70%) Illustrates calculations but there are inaccuracies (70%) Does not describe what happens in partnership dissolution or partner insolvency (0%) 4.45 Does not provide an example of a cash distribution schedule (0%) 4.45 Does not summarize the key points of interest if the firm had to file voluntary bankruptcy (0%) 4.45 Does not identify the key areas of concern if the firm was forced into bankruptcy (0%) 4.45 Does not illustrate calculations (0%) 4.45 Describes the interim reporting requirements the company would have as a corporation but does not describe the guidance related to interim financial statements under GAAP and IFRS, or description is cursory or has inaccuracies (70%) Does not describe the interim reporting requirements (0%) 4.45 Corporation: Financial Statement Corporation: GAAP and IFRS Meets \"Proficient\" criteria and includes insights or opinions on the value or impact of the critical differences between GAAP and IFRS (100%) Generates a hypothetical financial statement illustrating what the interim reporting entails and ensures all information is entered accurately (100%) Determines if the interim reporting requirements are the same under GAAP and IFRS and provides an example to support response (90%) Corporation: Segments Meets \"Proficient\" criteria and goes beyond rules to assess complaints or concerns (100%) Appraises one of the processes used to identify which segments would have to be reported separately and provides examples to support response (90%) Corporation: Transparency Meets \"Proficient\" criteria and defense is well supported and logical (100%) Evaluates the effectiveness of the process in supporting transparency in financial reporting and defends response (90%) Corporation: Suggestions to Improve Meets \"Proficient\" criteria and defense is well supported and logical (100%) Provides suggestions to improve the process and defends rationale (90%) Corporation: Impact Meets \"Proficient\" criteria and provides examples to illustrate claims (100%) Summarizes the impact of foreign exchange rates on the financial statements and determines the risks they pose (90%) Generates a hypothetical financial statement illustrating what the interim reporting entails, but there are inaccuracies (70%) Does not generate a hypothetical financial statement (0%) 4.45 Determines if the interim reporting requirements are the same under GAAP and IFRS but example provided does not support response or does not provide an example (70%) Appraises one of the processes used to identify which segments would have to be reported separately but does not provide examples to support response, or appraisal is cursory or has inaccuracies (70%) Evaluates the effectiveness of the process in supporting transparency in financial reporting but does not defend response, or defense is weak or illogical (70%) Provides suggestions to improve the process but does not defend rationale, or defense is weak or illogical (70%) Summarizes the impact of foreign exchange rates on the financial statements but does not determine the risks they pose, or summary is cursory or has inaccuracies (70%) Does not determine if the interim reporting requirements are the same under GAAP and IFRS (0%) 4.45 Does not appraise one of the processes (0%) 4.45 Does not evaluate the effectiveness of the process in supporting transparency in financial reporting (0%) 4.45 Does not provide suggestions to improve the process (0%) 4.45 Does not summarize the impact of foreign exchange rates on the financial statements (0%) 4.45 Corporation: Two Methods Meets \"Proficient\" criteria and description is exceptionally clear and contextualized (100%) Corporation: Translation Process Acquisitions: Consolidate Meets \"Proficient\" criteria and provides industry-relevant insights or examples (100%) Acquisitions: Consolidation Process Meets \"Proficient\" criteria and uses industry-specific language to establish expertise (100%) Acquisitions: Consolidation Worksheet Nonprofit and Governmental: Compliance Meets \"Proficient\" criteria and uses industry-specific language to establish expertise (100%) Describes the two methods used to translate financial statements and how the functional currency plays a role in determining which is used (90%) Composes a hypothetical example demonstrating the translation process using the two methods and ensures all information is entered accurately (100%) Assesses how the firm would know if there was a requirement to consolidate financial statements annually and defends response (90%) Describes what the consolidation process entails (90%) Composes a hypothetical example of the consolidation worksheet and elimination entries and ensures all information is entered accurately (100%) Explains how you would address compliance with GAS in nonprofit and governmental financial statements (90%) Describes the two methods used to translate financial statements but does not describe how the functional currency plays a role in determining which is used, or description is cursory or has inaccuracies (70%) Composes a hypothetical example demonstrating the translation process using the two methods but contains inaccuracies (70%) Does not describe the two methods of translation (0%) 4.45 Does not compose a hypothetical example (0%) 4.45 Assesses how the firm would know if there was a requirement to consolidate financial statements annually but does not defend response, or defense is weak or illogical (70%) Describes what the consolidation process entails but description is cursory or has inaccuracies (70%) Composes a hypothetical example of the consolidation worksheet and elimination entries, but there are inaccuracies (70%) Does not assess how the firm would know if there was a requirement to consolidate financial statements annually (0%) 4.45 Does not describe the consolidation process (0%) 4.45 Does not compose a hypothetical example of the consolidation worksheet and elimination entries (0%) 4.45 Explains how you would address compliance with GAS in nonprofit and governmental financial statements, but explanation is cursory or has inaccuracies (70%) Does not explain how you would address compliance with GAS in nonprofit and governmental financial statements (0%) 4.45 Nonprofit and Governmental: Financial Statements Meets \"Proficient\" criteria and shares key insights or points of comparison in order to make a useful assessment of the differences between the types of financial statements (100%) Nonprofit and Governmental: Example 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 (100%) Explains how the analysis of nonprofit and governmental financial statements differs from analysis of traditional financial statements, providing examples to support response (90%) Composes example financial statements for the company as a nonprofit entity and as a governmental entity, ensuring that all information is entered correctly and compliant (100%) Submission has no major errors related to citations, grammar, spelling, syntax, or organization (90%) Explains how the analysis of nonprofit and governmental financial statements differs from analysis of traditional financial statements but does not provide examples to support response, or explanation is cursory or has inaccuracies (70%) Composes example financial statements for the company as a nonprofit entity and as a governmental entity, but statements contain inaccuracies or are not compliant (70%) Submission has major errors related to citations, grammar, spelling, syntax, or organization that negatively impact readability and articulation of main ideas (70%) Does not explain how the analysis of nonprofit and governmental financial statements differs from analysis of traditional financial statements (0%) 4.45 Does not compose example financial statements for the company as a nonprofit entity and as a governmental entity (0%) 4.45 Submission has critical errors related to citations, grammar, spelling, syntax, or organization that prevent understanding of ideas (0%) 2.1 Total 100%

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