Submitted by: Dov Fischer, Kean University
We highlight the usefulness of a recent SEC Staff Paper which outlines the differences between U.S. and international accounting standards.
Submitted by: Dan Neely, UWM
I utilize excerpts from 10-K filings to illustrate the types of note disclosures associated with business acquisitions as well as the placement of the NCI. Berkshire Hathaway is a great company to utilize for illustration purposes.
Submitted by: Sue Savino, Copiah-Lincoln Community College
This activity was developed to provide students with a way of receiving hands on experience in preparing a schedule of depreciation using the four (4) different methods presented in the textbook.
Learning the four methods of preparing depreciation schedules presented in the text:
The students will be divided into evenly divided into four groups. Each group will be given the same problem scenario. Each group will then prepare a depreciation schedule for this scenario using each of the four methods. Each group chooses a representative and who will then be asked to present one of the four methods:
Each group will then check their solutions as the presentations are given. After all presentations are given, the students will be given 10 points for a correct solution and 5 points for one that was not.
Students learn the procedure to prepare a schedule of depreciation using the four methods presented. Every student will be rewarded for participating.
Submitted by June Hanson, Upper Iowa University
I post a link to a current federal budget issue. Then I post the link to the federal budget and ask students to go to their state and find out what the ramifications are to their state. I use the ADOT link to illustrate how the American recovery act benefited the AZ federal and state road system through the federal grants. I then post a journal entry to illustrate how to record this money and the actual object codes. I ask the students to follow the same format. I can tailor this to either a tax class or a government accounting class. This is the additional link I use http://money.cnn.com/2011/01/21/news/economy/spending_taxes_debt/index.htm