ACC 422 Reading feeds the Imagination/Uophelpdotcom

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ACC 422 Reading feeds the Imagination/Uophelpdotco
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ACC 422 Entire Course

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• ACC 422 Week 1 DQ 1
• ACC 422 Week 1 DQ 2
• ACC 422 Week 1 DQ 3
• ACC 422 Week 1 Individual Assignment Disclosure
  Analysis Paper
• ACC 422 Week 1 Summary
• ACC 422 Week 2 DQ 1
• ACC 422 Week 2 DQ 2
• ACC 422 Week 2 DQ 3
• ACC 422 Week 2 Summary
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ACC 422 Final Exam Guide 1

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• . Kraft Enterprises owns the following assets at D
  ecember 31, 2012.
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• Cash in banksavings account
• 67,516
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• Checking account balance
• 26,445
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• Cash on hand
• 9,478
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• Postdated checks
• 753
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• Cash refund due from IRS
• 40,324

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ACC 422 Final Exam Guide 2

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• 1) Which of the following is NOT considered cash f
  or financial reporting purposes??2) What is the p
  referable presentation of accounts receivable from
   officers, employees, or affiliated companies on a
   balance sheet??3) Which of the following is cons
  idered cash??4) If a company employs the gross me
  thod of recording accounts receivable from custome
  rs, then sales discounts taken should be reported 
  as5) Assuming that the ideal measure of short-ter
  m receivables in the balance sheet is the discount
  ed value of the cash to be received in the future,
   failure to follow this practice usually does NOT 
  make the balance sheet misleading because6) Which
   of the following methods of determining annual ba
  d debt expense best achieves the matching concept?
   
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ACC 422 Final Exam Guide 3

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• 1) Which of the following is NOT considered cash
  for financial reporting purposes?
• 2) What is the preferable presentation of
  accounts receivable from officers, employees, or
  affiliated companies on a balance sheet?
• 3) Which of the following items should NOT be
  included in the Cash caption on the balance
  sheet?
• 4) The advantage of relating a company's bad debt
  expense to its outstanding accounts receivable is
  that this approach
• 5) Which of the following is a generally accepted
  method of determining the amount of the
  adjustment to bad debt expense?

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ACC 422 Final Exam Guide All 3 Sets

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• 1. Kraft Enterprises owns the following assets at
  December 31, 2012.
• Cash in banksavings account 67,516 Checking
  account balance 26,445
• Cash on hand 9,478 Postdated checks 753
• Cash refund due from IRS 40,324 Certificates of
  deposit (180-day) 94,754
• What amount should be reported as cash?
• Question 2
• Presented below is information related to
  Rembrandt Inc.s inventory.
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ACC 422 Week 1 DQ 1

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• Week 1 DQ 1
• Consider how an organization must manage cash,
  receivables, and inventory. Which of the three
  variables is the most important to manage? Is one
  more susceptible to fraud and errors than the
  others? Explain your answer.
• How would a misstatement in each affect the
  organization?
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ACC 422 Week 1 DQ 2

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• Week 1 DQ 2
• What is the perpetual method of tracking
  inventory?
• How does it differ from the periodic method of
  tracking inventory?
• Why would a company choose one method over the
  other method?
• Which is the best method? Why?
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ACC 422 Week 1 DQ 3

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• Week 1 DQ 3
• What are the different ways to estimate bad debt?
• How does this affect net income?
• What does Generally Accepted Accounting
  Principles (GAAP) require? Why?
• Should all companies have bad debt? Explain your
  answer.
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ACC 422 Week 1 Individual Assignment Disclosure
Analysis Paper

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• Resource Internet
• Select a publicly held company to use as the
  basis for this assignment.
• Research your selected company and acquire the
  companys most recent financial statements using
  the Internet.
• Prepare a 700- to 1,050-word paper analyzing the
  disclosures contained within the notes to the
  financial statements related to cash and cash
  equivalents, receivables, and inventories.
  Include a list identifying the components of the
  organizations cash and cash equivalents.
• Format your paper consistent with APA guidelines.

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ACC 422 Week 1 Summary

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• Post a 150 words summary what you have learned
  this week 
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ACC 422 Week 2 DQ 1

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• Week 2 DQ 1
• Under what circumstances would a company need to
  estimate its inventory?
• What are the differences between using the gross
  profit method and retail inventory method for
  estimating inventory?
• Which method of estimation, gross profit or
  retail inventory, is best? Explain your answer.
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ACC 422 Week 2 DQ 2

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• Week 2 DQ 2
• What are the criteria for capitalization of fixed
  assets?
• What items are included in the cost of a fixed
  asset?
• Should interest be included in the cost of a
  fixed asset? Explain why or why not.
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ACC 422 Week 2 DQ 3

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• Week 2 DQ 3
• How do we account for the disposition of fixed
  assets?
• What are the differences in how the exchanges of
  assets are handled, pending on whether they are
  similar or dissimilar?
• What is the rationale for these differences?
• What is the impact to the companies financial
  statements?

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ACC 422 Week 2 Individual Assignment E7-2,
E7-8,Q13,E8-5 And E8-14

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• ResourceIntermediate Accounting
• Prepare written responses to the following
  assignments from the text
•          Ch. 7 Exercises E7-2 E7-8
• Ch. 8 Question 13 and Exercises E8-5 E8-14
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ACC 422 Week 2 Learning Team Assignment From The
Text P7-10 And E8-25

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• ResourceIntermediate Accounting
• Prepare written responses to the following
  assignments from the text
•          Ch. 7 Problem P7-10
• Ch. 8 Exercise E8-25
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ACC 422 Week 2 Summary

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• Post a 150 words summary what you have learned
  this week
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ACC 422 Week 3 DQ 1

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• Week 3 DQ 1
• What is the purpose of depreciation?
• Does the book value of a fixed asset (cost minus
  accumulated depreciation) communicate to a user
  what the asset is worth? Explain why or why not.
• Should the financial statements reflect the value
  of fixed assets? Explain why or why not.
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ACC 422 Week 3 DQ 2

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• Week 3 DQ 2
• What are the different methods used to calculate
  depreciation?
• How does a company decide which method it should
  utilize?
• How does its choice affect the financial
  statements?
• Should companies standardize the method of
  depreciation to enhance comparability? Explain
  your answer.
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ACC 422 Week 3 DQ 3

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• Week 3 DQ 3
• What is an intangible asset?
• Should all intangible assets be subject to
  amortization? Explain why or why not.
• Why are some intangible assets not amortized?
• What is the implication to the financial
  statements?
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ACC 422 Week 3 DQ 4

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• ACC 422 Week 3 DQ 4
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ACC 422 Week 3 Individual Assignment From the
Text E9-1,E9-12,E9-19,E10-5 And E10-12

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• ResourceIntermediate Accounting
• Prepare written responses to the following
  assignments from the text
•          Ch. 9 Exorcices E9-1, E9-12, E9-19
• Ch. 10 Exercises E10-5 E10-12
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ACC 422 Week 3 Learning Team Assignment From The
Text P9-9 And P10-8

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• ResourceIntermediate Accounting
• Prepare written responses to the following
  assignments from the text
•          Ch. 9 Problem P9-9
• Ch. 10 Problem P10-8
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ACC 422 Week 3 Summary

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• Post a 150 words summary what you have learned
  this week
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ACC 422 Week 4 DQ 1

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• Week 4 DQ 1
• What are the criteria for classifying an item as
  a current liability?
• What are some examples of current liabilities?
• Why is it important to classify a portion of
  long-term debt on a yearly basis as a current
  liability?
• What is the implication of misclassifying a
  liability as current or long-term?
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ACC 422 Week 4 DQ 2

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• Week 4 DQ 2
• What is a contingency?
• Why are contingencies important to users of
  financial statements?
• What are the criteria for recording
  contingencies?
• Should companies record a liability for
  threatened litigation? Explain why or why not.
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ACC 422 Week 4 DQ 3

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• Week 4 DQ 3
• What is a bond? What are some features of a bond?
  How do you value bonds? What factors can affect
  that value?
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ACC 422 Week 4 Individual Assignment From The
Text E11-4,E11-11,E12-6 And E12-16

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• ResourceIntermediate Accounting
• Prepare written responses to the following
  assignments from the text
•          Ch. 11 Exercises E11-4 E11-11
•          Ch. 12 Exercises E12-6 E12-16
• Prepare a response to the following questions
•          What are at least four depreciation
  methods that are available to a company?
•          What are the similarities and
  differences?
• Why does a company select one method over
  another? 
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ACC 422 Week 4 Learning Team Assignment From The
Text E11-18,P11-10 And P12-3

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• ResourceIntermediate Accounting
• Prepare written responses to the following
  assignments from the text
•          Ch. 11 Exercise E11-18 Problem
  P11-10
• Ch. 12 Problem P12-3
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ACC 422 Week 5 DQ 1

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• Week 5 DQ 1
• What are the differences between a
  direct-financing and a sales-type lease for a
  lessor?
• Why would a lessor provide direct-financing to a
  lessee?
• What types of organizations provide
  direct-financing leases?
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ACC 422 Week 5 DQ 2

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• Week 5 DQ 2
• What are the criteria for classifying a lease as
  operating or capital?
• Why is there a difference between the two?
• What are the implications of an operating lease
  versus a capital lease on an entitys financial
  statements?
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ACC 422 Week 5 DQ 3

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• Week 5 DQ 3
• What is residual value?
• What is the implication to the lessee if the
  residual value is guaranteed or unguaranteed?
• What is the implication to the lessor?
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ACC 422 Week 5 DQ 4

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• Week 5 DQ 4
• What are the advantages of operating and capital
  leases? What are the disadvantages?
• Why would a company pick one over the other?
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ACC 422 Week 5 Individual Assignment From The
Text E13-1,E13-7,E13-11 And E13-13

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• ResourceIntermediate Accounting
• Prepare written responses to the following
  assignments listed at the end of each chapter
•          Ch. 13 Exorcices E13-1, E13-7, E13-11,
  E13-13
• Ch. 21 Question 3
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ACC 422 Week 5 Learning Team Assignment From The
Text P13-4,E14-21 And E21-7

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• ResourceIntermediate Accounting
• Prepare written responses to the following
  assignments from the text
•          Ch. 13 Problem P13-4
•          Ch. 14 Exercise E14-21
• Ch. 21 Exercise E21-7
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ACC 422 week 5 Learning Team Problem Presentation

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• Collaborate as a team to provide written
  responses to a facilitator-assigned problem.
• Prepare a 5- to 10-minute oral presentation
  accompanied by a 7- to 9-slide Microsoft PowerPoi
  nt presentation illustrating your teams
  solution to the assigned problem.
• Note. Each week, the facilitator assigns one
  Learning Team a problem to present that the team
  must complete during the succeeding Learning Team
  Meeting. 
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ACC 422 Reading feeds the Imagination/Uophelpdotco
m

• For more course tutorials visit
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