End of Semester Assignment ACCT 461—FALL 2021
PART I: Debating Current Accounting Issues
OBJECTIVE: The purpose of this assignment is to expose the student to a current accounting issue and be prepared to take a side in a debate concerning this issue.
REQUIRED: Chapters 13, 14, 16 and 17 contain significant accounting issues which have always generated much debate.
Based on the first letter of your last name, you will choose one of these chapters and the corresponding debate issue which is listed. Read the chapter then decide whether you want to argue “in favor” or argue “against. Present your argument cogently, using whatever background information from the text you need to support your argument.
NAMES DEBATE ISSUE
H-M Debate 14-2 (page 513) Whether to use projected benefits or accumulated benefits for pension expense and liability.
PART II: Technology Stock-NASDAQ is the technology stock
1) For the “technology” stock you selected at the beginning of the semester, provide an update of the stock price history through the last week of the semester. Compare to the broader indexes over the same time period (since September 1, 2021) and discuss how your company performed as compared to the markets. Use more than one index to compare.
2) Review the quarterly earnings which were released during the semester for your company and summarize the quarter’s performance versus last year (minimum 2-3 paragraphs).
3) Based on the limited knowledge you have about this company, give this stock a buy, sell or hold recommendation. Compare with the analysts’ opinions for this company if possible. Discuss as fully as possible, using whatever information you can obtain to support your opinion.