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ACC 305 Week 1 Assignments E 3-18, E 3-20, J Case 3-5 ACC 305 Week 1 DQ 1 FASB and Ethics ACC 305 Week 1 DQ 2 Cash versus Accrual & Financial Disclosures ACC 305 Week 2 DQ 1 Earnings Management Case 4-3 – PowerPoint PPT presentation

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Title: ACC 305 MART EDUCATION EXPERT / acc305mart.com


1
ACC 305 MART EDUCATION EXPERT / acc305mart.com
  • FOR MORE CLASSES VISIT
  • www.acc305mart.com

2
ACC 305 Entire Course
  • ACC 305 Week 1 Assignments E 3-18, E 3-20, J Case
    3-5
  • ACC 305 Week 1 DQ 1 FASB and Ethics
  • ACC 305 Week 1 DQ 2 Cash versus Accrual
    Financial Disclosures
  • ACC 305 Week 2 DQ 1 Earnings Management Case 4-3
  • ACC 305 Week 2 DQ 2 Revenue Recognition Case 5-2
  • ACC 305 Week 2 Problem E4-16 Bluebonnet Bakers

3
ACC 305 Week 1 Assignments E 3-18, E 3-20, J Case
3-5 (Ash Course)
  • ACC 305 Week 1 Assignments E 3-18, E 3-20, J Case
    3-5

4
ACC 305 Week 1 DQ 1 FASB and Ethics (Ash Course)
  • Research Case 1-3 (page 45)
  • The purpose of this case is to introduce you to
    the information available on the website of the
    Financial Accounting Standards Board (FASB).
  • Required
  • Access the FASB home page on the Internet. The
    web address is www.fasb.org. Answer the following
    questions. 
  • 1. Describe the mission of the FASB. 
  • 2. Who are the current Board members? Briefly
    describe their backgrounds.
  • 3. How are topics added to the FASBs technical
    agenda?

5
ACC 305 Week 1 DQ 2 Cash versus Accrual And
Financial Disclosures (Ash Course)
  • Judgment Case 2-1 (page 109)
  • You have recently been hired by Davis Company,
    a small public accounting firm. One of the firms
    partners, Alice Davis, has asked you to deal with
    a disgruntled client, Mr. Sean Pitt, owner of the
    citys largest hardware store. Mr. Pitt is
    applying to a local bank for a substantial loan
    to remodel his store

6
ACC 305 Week 2 DQ 1 Earnings Management Case 4-3
(Ash Course)
  • Judgment Case 4-3 (page 225)
  • Companies often are under pressure to meet or
    beat Wall Street earnings projections in order to
    increase stock prices and also to increase the
    value of stock options. Some resort to earnings
    management practices to artificially create
    desired results.

7
ACC 305 Week 2 DQ 2 Revenue Recognition Case 5-2
(Ash Course)
  • Revenue earned by a business enterprise is
    recognized for accounting purposes at different
    times, according to the circumstances. In some
    situations revenue is recognized approximately as
    it is earned in the economic sense. In other
    situations revenue is recognized at point of
    delivery.
  • Required

8
ACC 305 Week 2 Problem E4-16 Bluebonnet Bakers
(Ash Course)
  • ACC 305 Week 2 Problem E4-16 Bluebonnet Bakers
  •  

9
ACC 305 Week 2 Problem E4-19 Wainwright
Corporation (Ash Course)
  • ACC 305 Week 2 Problem E4-19 Wainwright
    Corporation
  •  

10
ACC 305 Week 2 Problem E4-22 Tiger Enterprises
(Ash Course)
  • ACC 305 Week 2 Problem E4-22 Tiger Enterprises

11
ACC 305 Week 2 Problem E5-3 Installment sales
(Ash Course)
  • ACC 305 Week 2 Problem E5-3 Instalment sales

12
ACC 305 Week 2 Problem E5-10 Project Contracts
(Ash Course)
  • ACC 305 Week 2 Problem E5-10 Project Contracts

13
ACC 305 Week 2 Problem Integrating Case 5-23 (Ash
Course)
  • ACC 305 Week 2 Problem Integrating Case 5-23
  •  

14
ACC 305 Week 2 Problem Judgment Case 4-9 (Ash
Course)
  • ACC 305 Week 2 Problem Judgment Case 4-9
  •  

15
ACC 305 Week 3 Communication Case 6-3 (Ash Course)
  • ACC 305 Week 3 Communication Case 6-3
  •  
  • Communication Case 6-3 on page 334
  • Harvey Alexander, an all-league professional
    football player, has just declared free agency.
    Two teams, the San Francisco 49ers and the Dallas
    Cowboys, have made Harvey the following offers to
    obtain his services
  • 49ers 1 million signing bonus payable
    immediately and an annual salary of 1.5 million
    for the five-year term of the contract.

16
ACC 305 Week 3 Judgment Case 7-5 (Ash Course)
  • ACC 305 Week 3 Judgment Case 7-5
  •  
  • Judgment Case 7-5 on page 391
  • For each of the following independent situations,
    indicate the apparent internal control weaknesses
    and suggest alternative procedures to eliminate
    the weaknesses. 
  • 1. John Smith is the petty cash custodian. John
    approves all requests for payment out of the 200
    fund, which is replenished at the end of each
    month

17
ACC 305 Week 3 P7-10, P7-14 (Ash Course)
  • ACC 305 Week 3 P7-10, P7-14

18
ACC 305 Week 3 P7-14 El Gato Painting Company
(Ash Course)
  • ACC 305 Week 3 P7-14 El Gato Painting Company
  •  

19
ACC 305 Week 4 Assignment E8-13, E8-14, E8-18,
P8-5, E9-19, E9-21, P9-1 (Ash Course)
  • ACC 305 Week 4 Assignment E8-13, E8-14, E8-18,
    P8-5, E9-19, E9-21, P9-1
  •  

20
ACC 305 Week 4 Communication Case 8-4 (Ash Course)
  • Communication Case 8-4 on page 442
  • You have just been hired as a consultant to
    Tangier Industries, a newly formed company. The
    company president, John Meeks, is seeking y

21
ACC 305 Week 5 Ethics Case 10-12 (Ash Course)
  • ACC 305 Week 5 Ethics Case 10-12
  • Ethics Case 10-12 on page 553 - Mayer
    Biotechnical, Inc - Research and development ?
    LO8
  • Mayer Biotechnical, Inc., develops, manufactures,
    and sells pharmaceuticals. Significant research
    and development (RD) expenditures are made for
    the development of new drugs and the improvement
    of existing drugs. During 2011, 220 million was
    spent on RD. Of this amount, 30 million was
    spent on the purchase of equipment to be used in
    a research project involving the development of a
    new antibiotic.
  • The controller, Alice Cooper, is considering
    capitalizing the equipment and depreciating it
    over the five-year useful life of the equipment
    at 6 million per year, even though the equipment
    likely will be used on only one project. The
    company president has asked Alice to make every
    effort to increase 2011 earnings because in 2012
    the

22
ACC 305 Week 5 Final Paper (FASB) (Ash Course)
  • Focus of the Final Paper
  • Submit a seven to ten page paper on one of the
    major topics listed below. The paper should
    incorporate at least three other appropriately
    documented and related articles drawn from the
    Universitys Library. (Note you may advance your
    own topic, but it must be approved by your
    instructor.)
  •  
  • Explain the role of the FASB in monitoring

23
ACC 305 Week 5 P11-5, P11-7 (Ash Course)
  • ACC 305 Week 5 P11-5, P11-7
  •  

24
ACC 305 Week 5 Problem E11-5, E11-10 (Ash Course)
  • ACC 305 Week 5 Problem E11-5, E11-10
  •  

25
ACC 305 MART EDUCATION EXPERT / acc305mart.com
  • FOR MORE CLASSES VISIT
  • www.acc305mart.com
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