ACC 440 Week 1 DQs

This archive file of ACC 440 Week 1 Discussion Questions includes:

DQ1: What is the significance of goodwill in the consolidation process? Why is it necessary to determine goodwill impairment? Do you agree with the change in accounting for goodwill? Why or why not?

DQ2: Define the cost and equity methods or accounting for an investment. Under what circumstances would you use the cost or equity method of accounting for an investment? Why are the percentages of ownership only a guideline when accounting for an investment?