ACCT 504 To exceed, you must read/Uophelpdotcom

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ACCT 504 To exceed, you must read/Uophelpdotcom

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ACCT 504 Case Study 1 (Gordon Construction)

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• Case Study 1 (Part A)Analyze the impact of busine
  ss transactions on accounts record (journalize an
  d post) transactions in the books construct and u
  se a trial balance) During the first month of oper
  ation of Gordon Construction, Inc., completed the 
  following transactionsJune2Gordon received 55
  ,000 cash and issued common stock to the stockhold
  ers.3 Purchased supplies, 3,000, and equipment, 
  5,200, on account.4 Performed services for a cli
  ent and received cash, 6,300.7 Paid cash to acqu
  ire land, 37,000.11 Performed services for a cus
  tomer and billed the customer, 1,200. Johnson exp
  ects to collect within one month.16 Paid partial 
  for the equipment purchased June 3 on account 2,8
  00. 
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ACCT 504 Case Study 2 (Williams Oil)

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• Case study
• (Learning Objectives 2, 4 Explain the components 
  of internal control evaluate internal controls) E
  ach of the following situations reveals an interna
  l control weakness
• Situation a. In evaluating the internal control ov
  er inventory for the Williams Oil Services Company
  , an auditor learns that the warehouse receiving c
  lerk is responsible for ordering parts for supply 
  inventory use in drilling services, counts the inv
  entory when received at the dock, records the rece
  ipts into the inventory ledger, and takes the annu
  al inventory, No supervisor reviews the receiving 
  clerks work.
• Situation b. Nicole Lopez handles employee travel 
  and expense reports for Scott Sales Services. With
   the growth in the economy, the sales team began t
  raveling extensively gaining new business. Because
   of the heavy volume, she no longer required the s
  ales team to provide original airline, hotel, or c
  ar rental receipts. She told them to just keep the
  ir meals under the 100 per day per diem and no re
  ceipts were required. She allowed them to use thei
  r own credit cards so they could get the frequent 
  flyer points. She required them to turn in a summa
  ry of the travel expenses quarterly.
• Situation c. Michael Jordon is a new employee hire
  d from Craigs List recommended by a co-worker. Mik
  e was hired as a Human Resource Assistant. Mikes f
  irst day on the job he is told that he should foll
  ow his own judgments when deciding how employee is
  sues such as hiring and firing of employees, sexua
  l harassment, and ethical infractions should be ha
  ndled.
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ACCT 504 Case Study 3 (Wang Appliance Store)

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• Construct and use a cash budget) Nathan Farmer, ch
  ief financial officer of Wang Appliance Store, is 
  responsible for the company?s budgeting process. F
  armer?s staff is preparing the Wang cash budget fo
  r 2014. A key input to the budgeting process is la
  st year?s statement of cash flows, which follows (
  amounts in thousands)
•                                             Wang A
  ppliance Store
•                                           Statemen
  t of Cash Flows
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ACCT 504 Course Project Oracle and Microsoft
Corporation

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• Course Project                       
• Financial Statement Analysis Project -- A
  Comparative Analysis of Oracle Corporation and
  Microsoft Corporation
• Here is the link for the financial statements for
  Oracle Corporation for the fiscal year ending
  2007. First, select 2007 using the drop-down
  arrow labeled for Year on the right-hand side of
  the page, and then select Annual Reports using
  the drop-down arrow labeled Filing Type on the
  left-hand side of the page.
• You should select the 10k dated 6/29/2007 and
  choose to download in PDF, Word, or Excel format.
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ACCT 504 Entire Course

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• ACCT 504 Week 1-7 All Discussion Questions
• ACCT 504 Week 3 Case Study 1 Flower Landscaping
  Corporation
• ACCT 504 Week 4 Midterm Exam Set 1
• ACCT 504 Week 4 Midterm Set 2
• ACCT 504 Week 4 Midterm Set 3
• ACCT 504 Week 5 Case Study 2 Internal Control -
  LJB Company
• ACCT 504 Week 5 Course Project Draft Spreadsheet
• ACCT 504 Week 6 Case Study 3 - Cash Budgeting -
  LBJ Company
• ACCT 504 Week 7 Course Project JCP Kohls
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ACCT 504 Final Exam (3 different finals)

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• 1. (TCO A) Which one of the following is an
  advantage of corporations relative to
  partnerships and sole proprietorships? (Points
  5)Reduced legal liability for investorsHarder
  to transfer ownershipLower taxesMost common
  form of organization2. (TCO A) When a
  corporation distributes a dividend, _____.
  (Points 5)the most common form of distribution
  is a cash dividend 
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ACCT 504 Week 1-7 All Discussion Questions

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• Week 1DQ 1 - Financial Reporting Environment and
  GAAP
• Week 1DQ 2 - Details of Financial Statements and
  Ratios
• Week 2DQ 1 - Accounting EquationAccounting Cycle
• Week 2DQ 2 - Accrual Accounting and Adjusting
  Entries
• Week 3DQ 1 - Merchandising Operations and Income
  Statements
• Week 3DQ 2 - Inventory Cost-Flow Assumptions
• Week 4DQ 1 - Understanding Internal Control and
  Reporting Cash
• Week 4DQ 2 - Accounting for and Reporting
  Receivables
• Week 5DQ 1 - Plant Assets and Intangibles
• Week 5DQ 2 - Accounting for Liabilities
• Week 6DQ 1 - Accounting for and Reporting Equity
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ACCT 504 Week 3 Case Study 1 (Melvin Plumbing
Corporation) New

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• There are 10 sheets in the Workbook, including
  this one.
• All of the information that you need for the
  project is located in this Workbook.
• Requirement 1
• During its first month of operation, the Melvin
  Plumbing Corporation, which specializes in
  residential plumbing,
• completed the following transactions.
• ?
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ACCT 504 Week 3 Case Study 1 Flower Landscaping
Corporation

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• The Entire Case Study is due Sunday at Midnight
  Mountain time at the end of Week 3.This Case
  Study is worth 100 points or 10 of your final
  course grade.This Case Study relates to TCO's D
  and E and Chapters 3 and 4.MAKE SURE TO COMPLETE
  ALL REQUIREMENTS WHICH ARE LISTED BELOW.There
  are 10 Sheets in the Workbook including this
  one.All of the Information you need for the
  Project is located in this Workbook.Requirements
  Requirement 1 - Prepare the Journal Entries in
  the General JournalRequirement 2 - Post Journal
  Entries to the General Ledger 
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ACCT 504 Week 4 Midterm Exam (New)

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• Question 1.      Question         (TCOs A, B,
  and C) Which of the following statements
  concerning users of accounting information is
  incorrect?
•             Student Answer                      
  The marketing vice president is considered an
  internal user.
•                                       Present and
  prospective creditors are considered external
  users.
•                                       Regulatory
  authorities, such as the SEC, are considered
  internal users.
•                                       The IRS is
  considered an external user.
• Question 2.      Question         (TCO C) Paying
  cash dividends is an example of a(n)
•             Student Answer                      
  operating activity.
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ACCT 504 Week 4 Midterm Exam Set 1

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• Page
• 1.
• Question
• (TCO A, B, C) External users want answers to all
  of the following questions except
• Points Received
• 3 of 3
• 2.
• Question
• (TCO C) Borrowing money is an example of a(n)
• Points Received
• 3 of 3
• 3.
• Question
• (TCO C) Buying and selling products are examples
  of
• Points Received
• 3 of 3

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ACCT 504 Week 4 Midterm Set 2

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• Page
• 1.
• Question
• (TCO A, B, C) External users want answers to all
  of the following questions except
• Points Received
• 3 of 3
• 2.
• Question
• (TCO C) Issuing shares of stock in exchange for
  cash is an example of a(n)
• Points Received
• 3 of 3
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ACCT 504 Week 4 Midterm Set 3

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• Page
• 1.
• Question
• (TCO A, B, C) External users want answers to all
  of the following questions except
• Points Received
• 3 of 3
• 2.
• Question
• (TCO C) Debt securities sold to investors that
  must be repaid at a particular date some years in
  the future are called
• Points Received
• 3 of 3
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ACCT 504 Week 5 Case Study 2 Internal Control
LJB Company

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• Case Study 2 - Internal Control- Due by Sunday of
  week 5
• LJB Company, a local distributor, has asked your
  accounting firm to evaluate their system of
  internal controls because they are planning to go
  public in the future. The President wants to be
  aware of any new regulations required of his
  company if they go public so he met with a
  colleague of yours at a local restaurant. The
  President of the company explained the current
  system of internal controls to your colleague.
  Your colleague has since been promoted to a tax
  position so she has passed on the information
  below so you can generate recommendations for the
  partner at your accounting firm to share with the
  President of LJB Company.
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ACCT 504 Week 5 Course Project Draft Spreadsheet

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• ACCT 504 Week 5 Course Project Draft Spreadsheet
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ACCT 504 Week 6 Case Study 3 - Cash Budgeting
LBJ Company

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• ACCT504 Case Study 3 on Cash Budgeting
• The cash budget was covered during Week 4 when we
  covered TCO D and you read Chapter 7. There is
  also a practice case study to work on. Your
  Professor will provide the solution to the
  practice case study at the end of Week 5. This
  case study should be uploaded by 1159PM Mountain
  time of the Sunday ending Week 6 to the Week 6
  Assignment Dropbox. You are encouraged to use the
  Excel template file provided in Doc Sharing.
• The LBJ Company has budgeted sales revenues as
  follows
• April May June
• Credit sales 94,000 89,500 75,000
• Cash sales 48,000 75,000 57,000
• Total sales 142,000 164,500 132,000
• Past experience indicates that 30 of the credit
  sales will be collected in the month of sale and
  the remaining 70 will be collected in the
  following month.
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ACCT 504 To exceed, you must read/Uophelpdotcom

• For more course tutorials visit
• www.uophelp.com