ACC 422 NERD Inspiring Minds/acc422nerd.com

1
ACC 422 NERD Inspiring Minds/ acc422nerd.com
2
ACC 422 NERD Inspiring Minds
ACC 422 Entire Course FOR MORE CLASSES
VISIT www.acc422nerd.com   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
3
ACC 422 NERD Inspiring Minds
ACC 422 Final Exam Guide 1 FOR MORE CLASSES
VISIT www.acc422nerd.com   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 Postdate
d 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
4
ACC 422 NERD Inspiring Minds
ACC 422 Final Exam Guide 2 FOR MORE CLASSES
VISIT www.acc422nerd.com   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 is
considered cash?
5
ACC 422 NERD Inspiring Minds
ACC 422 Week 1 DQ 1 FOR MORE CLASSES
VISIT www.acc422nerd.com   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?
6
ACC 422 NERD Inspiring Minds
ACC 422 Week 1 DQ 2 FOR MORE CLASSES
VISIT www.acc422nerd.com 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?
7
ACC 422 NERD Inspiring Minds
ACC 422 Week 1 DQ 3 FOR MORE CLASSES
VISIT www.acc422nerd.com 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.
8
ACC 422 NERD Inspiring Minds
ACC 422 Week 1 Individual Assignment Disclosure
Analysis Paper FOR MORE CLASSES
VISIT www.acc422nerd.com Resource Internet   Sele
ct 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.  
9
ACC 422 NERD Inspiring Minds
ACC 422 Week 1 Summary FOR MORE CLASSES
VISIT www.acc422nerd.com Post a 150 words
summary what you have learned this week 
10
ACC 422 NERD Inspiring Minds
ACC 422 Week 2 DQ 1 FOR MORE CLASSES
VISIT www.acc422nerd.com 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.
11
ACC 422 NERD Inspiring Minds
ACC 422 Week 2 DQ 2 FOR MORE CLASSES
VISIT www.acc422nerd.com 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.
12
ACC 422 NERD Inspiring Minds
ACC 422 Week 2 DQ 3 FOR MORE CLASSES
VISIT www.acc422nerd.com 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?
13
ACC 422 NERD Inspiring Minds
ACC 422 Week 2 Individual Assignment E7-2,
E7-8,Q13,E8-5 And E8-14 FOR MORE CLASSES
VISIT www.acc422nerd.com 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
14
ACC 422 NERD Inspiring Minds
ACC 422 Week 2 Learning Team Assignment From The
Text P7-10 And E8-25 FOR MORE CLASSES
VISIT www.acc422nerd.com    ResourceIntermediate
Accounting Prepare written responses to the
following assignments from the text  
Ch. 7 Problem P7-10 Ch. 8 Exercise E8-25
15
ACC 422 NERD Inspiring Minds
ACC 422 Week 2 Summary FOR MORE CLASSES
VISIT www.acc422nerd.com Post a 150 words
summary what you have learned this week
16
ACC 422 NERD Inspiring Minds
ACC 422 Week 3 DQ 1 FOR MORE CLASSES
VISIT www.acc422nerd.com 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.
17
ACC 422 NERD Inspiring Minds
ACC 422 Week 3 DQ 2 FOR MORE CLASSES
VISIT www.acc422nerd.com 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
18
ACC 422 NERD Inspiring Minds
ACC 422 Week 3 DQ 3 FOR MORE CLASSES
VISIT www.acc422nerd.com 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?
19
ACC 422 NERD Inspiring Minds
ACC 422 Week 3 Individual Assignment From the
Text E9-1,E9-12,E9-19,E10-5 And E10-12 FOR MORE
CLASSES VISIT www.acc422nerd.com ResourceIntermed
iate 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
20
ACC 422 NERD Inspiring Minds
ACC 422 Week 3 Learning Team Assignment From The
Text P9-9 And P10-8 FOR MORE CLASSES
VISIT www.acc422nerd.com ResourceIntermediate
Accounting Prepare written responses to the
following assignments from the text  
Ch. 9 Problem P9-9 Ch. 10 Problem
P10-8
21
ACC 422 NERD Inspiring Minds
ACC 422 Week 3 Summary FOR MORE CLASSES
VISIT www.acc422nerd.com Post a 150 words
summary what you have learned this week
22
ACC 422 NERD Inspiring Minds
ACC 422 Week 4 DQ 1 FOR MORE CLASSES
VISIT www.acc422nerd.com     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?
23
ACC 422 NERD Inspiring Minds
ACC 422 Week 4 DQ 2 FOR MORE CLASSES
VISIT www.acc422nerd.com 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.
24
ACC 422 NERD Inspiring Minds
ACC 422 Week 4 DQ 3 FOR MORE CLASSES
VISIT www.acc422nerd.com What is a bond? What are
some features of a bond? How do you value bonds?
What factors can affect that value?
25
ACC 422 NERD Inspiring Minds
ACC 422 Week 4 Individual Assignment From The
Text E11-4,E11-11,E12-6 And E12-16 FOR MORE
CLASSES VISIT www.acc422nerd.com ResourceIntermed
iate 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
26
ACC 422 NERD Inspiring Minds
ACC 422 Week 4 Learning Team Assignment From The
Text E11-18,P11-10 And P12-3 FOR MORE CLASSES
VISIT www.acc422nerd.com 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
27
ACC 422 NERD Inspiring Minds
ACC 422 Week 5 DQ 1 FOR MORE CLASSES
VISIT www.acc422nerd.com 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?
28
ACC 422 NERD Inspiring Minds
ACC 422 Week 5 DQ 2 FOR MORE CLASSES
VISIT www.acc422nerd.com 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?
29
ACC 422 NERD Inspiring Minds
ACC 422 Week 5 DQ 3 FOR MORE CLASSES
VISIT www.acc422nerd.com     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?
30
ACC 422 NERD Inspiring Minds
ACC 422 Week 5 DQ 4 FOR MORE CLASSES
VISIT www.acc422nerd.com 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?
31
ACC 422 NERD Inspiring Minds
ACC 422 Week 5 Individual Assignment From The
Text E13-1,E13-7,E13-11 And E13-13 FOR MORE
CLASSES VISIT www.acc422nerd.com ResourceIntermed
iate 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
32
ACC 422 NERD Inspiring Minds
ACC 422 Week 5 Learning Team Assignment From The
Text P13-4,E14-21 And E21-7 FOR MORE CLASSES
VISIT www.acc422nerd.com     ResourceIntermediate
Accounting Prepare written responses to the
following assignments from the text
Ch. 13 Problem P13-4
33
ACC 422 NERD Inspiring Minds
ACC 422 Week 5 Learning Team Problem
Presentation   FOR MORE CLASSES
VISIT www.acc422nerd.com   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 PowerPoint presentation
illustrating your teams solution to the assigned
problem.  
34
ACC 422 NERD Inspiring Minds