Writing Assignments broke down in 4 parts

I need each part by Thursday of each week, 

ACG 4201– WRITING PROJECT AND PRESENTATION

PROJECT INFORMATION:

You are a manger in the accounting department of Greene company.  Greeneis a rapidly expanding manufacturing company, and is considering some additional acquisitions.The company would like to diversify, and is trying to decide between the two different scenarios outlined in Part 1 and Part 3.  To help him make his decision, the Chief Financial Officer would like specific information on how the potential acquisitions would affect financial reporting.

ACG4201 Excel Template(1).xlsx

 

COURSE OBJECTIVES COVERED:  1,3,5

PROJECT REQUIREMENTS:

This project is split into four (4) parts with one (1) part due each week of the course. Based on your readings, use of technology, research of literature, and other sources do the following: 

• Part 1 – Greene is considering diversifying by purchasing an insurance company and a lumber company.  The CFO would like to know how the accounts of these two substantially different subsidiaries would be reported in the consolidated financial statements.  Research the Accounting Standards Codification to see what guidance is provided, and prepare a 2 pagememo to the CFOwith your findings.  Include in your memo at least two examples of situations in which it may be inappropriate to combine similar-appearing accounts of two subsidiaries.
• Part 2 – View the attached excel file to prepare a consolidated balance sheet for Greene.
• Part 3 –In a separate scenario, Greene is investigating purchasing two overseas manufacturing companies that would be included in Greene’s consolidated financial statements as wholly owned subsidiaries.  One company is located in New Zealand, and the other company is located in Spain.  The CFO would like to know what factors need to be considered when determining the functional currency for a consolidated subsidiary.  Research the Accounting Standards Codification to see what guidance is provided, and prepare a 2 page memo to the CFO explaining the various economic indicators to be considered both individually and collectively.
• Part 4 – Present your project to the class for discussion. This Should be a 15 slide presentation, 17 slide including introduction and references. 
• For this part i will need a seperate narration so i can record the presentation. thanks you

WRITING REQUIREMENTS:

·  The report should be should be 4-5 pages (not including cover page, abstract, or references)

·  Include the Excel spreadsheet(s) as exhibits in your paper

·  Include a minimum of 3 scholarly sources from the KU Library

o  All sources used are to be cited in APA format

o  Please use the writing center if needed

TECHNOLOGY/COLLABORATIVE ACTIVITY:

·  You will be using Excel to create the exhibit to your paper

·  You will be presenting your findings from the project to the class using the voice-over feature in PowerPoint or YouTube. Please be sure the audio is clear and the file or link is accessible in the Week 4 Presentation discussion board.

·  You will be collaborating with other classmates on their presentations and answering any questions about your own presentation.

 ASSIGNMENT DUE DATE SCHEDULE: 

• Week 1:  Submit your memo regarding account presentation.
• Week 2:  Submit your completed excel template.
• Week 3:  Submit your memo regarding functional currency.
• Week 4:  Present and discuss your project 

Facts

Preparation

of

Consolidated

Balance Sheet

Greene Company

purchased 60 percent of

White Corporation

‘s voting shares on June 3, 2012, at book value. At that date, the fair value of the noncontrolling interest was equal to 40 percent of the book value of White Corporation. The companies’ permanent accounts on December 31, 2017, contained the following balances: Greene Company White Corporation
Cash and Receivables $101,000 $20,000 Inventory 80,000 40,000 Land 1

50,000 90,000 Buildings & Equipment 400,000 300,000 Investment in White Corporation Stock 141,000 ________ $ 872,000 $ 450,000 Accumulated Depreciation $135,000 $85,000 Accounts Payable

90,000

25,000 Notes Payable 200,000

90,000
Common Stock 100,000

200,000
Retained Earnings 347,000

50,000
$872,000 $450,000 On January 1, 2013, Greene paid $100,000 for equipment with a 10-year expected total economic life. The equipment was depreciated on a straight-line basis with no residual value. White purchased the equipment from Greene on December 31, 2015, for $91,000. Assume White did not change the remaining estimated useful life of the equipment. White sold land it had purchased for $30,000 on February 23, 2015, to Greene for $20,000 on October 14, 2016. Assume Greene uses the fully adjusted equity method. Required 1. Prepare a consolidated balance sheet worksheet in good form as of December 31, 2017. 2. Prepare a consolidated balance sheet as of December 31, 2017.

Worksheet

Greene Company White Corporation

Consolidated

Cash and Receivables $101,000 $20,000
Inventory 80,000 40,000
Land

90,000
Buildings & Equipment 400,000 300,000

Accumulated Depreciation

Investment in White Corporation Stock 141,000

$0 $0

Accounts Payable 90,000 25,000

Notes Payable 200,000 90,000
Common Stock 100,000 200,000
Retained Earnings 347,000 50,000

$0 $0 $0

Consolidation Entries
Dr	Cr
150,000
(135,000)	(85,000)
Total Assets	$ 737,000	$ 365,000						$0
NCI in NA of White Corporation
Total Liabilities & Equity	$737,000	$365,000

Consolidated Balance Sheet Consolidated Balance Sheet

Greene Company and Subsidiary

12/31/17