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ACC 422 Slingshot Academy / snaptutorial.com
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ACC 422 Slingshot Academy / snaptutorial.com

• ACC 422 Entire Course

• ACC 422 Final Exam Guide 1

• 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

• 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

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ACC 422 Slingshot Academy / snaptutorial.com

• ACC 422 Final Exam Guide 2

• ACC 422 Week 1 DQ 1

• ACC 422 Final Exam Guide 2
• 2 Customer reviews Write a review
•  This Tutorial was purchased 4 times rated A by
  student like you.
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• Reviews (2)

• 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.

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ACC 422 Slingshot Academy / snaptutorial.com

• ACC 422 Final Exam Guide 2

• ACC 422 Week 1 DQ 1

• ACC 422 Final Exam Guide 2
• 2 Customer reviews Write a review
•  This Tutorial was purchased 4 times rated A by
  student like you.
• Attachment
• No Attachments
• Description
• Reviews (2)

• 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.

5
ACC 422 Slingshot Academy / snaptutorial.com

• ACC 422 Week 1 DQ 2

• ACC 422 Week 1 DQ 3

• 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?

• 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.

6
ACC 422 Slingshot Academy / snaptutorial.com

• ACC 422 Week 1 Individual Assignment

• ACC 422 Week 1 Summary

• 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.

• Post a 150 words summary what you have learned
  this week

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ACC 422 Slingshot Academy / snaptutorial.com

• ACC 422 Week 2 DQ 1

• ACC 422 Week 2 DQ 2

• 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.

• 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 Slingshot Academy / snaptutorial.com

• ACC 422 Week 2 DQ 3

• ACC 422 Week 2 Individual Assignment E7-2

• 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

• Resource Intermediate 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 Slingshot Academy / snaptutorial.com

• ACC 422 Week 2 Learning Team

• ACC 422 Week 2 Summary

• Resource Intermediate Accounting
•  Prepare written responses to the following
  assignments from the text
•  Ch. 7 Problem P7-10
•  Ch. 8 Exercise E8-25

• Post a 150 words summary what you have learned
  this week

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ACC 422 Slingshot Academy / snaptutorial.com

• ACC 422 Week 3 DQ 1

• ACC 422 Week 3 DQ 2

• 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

• 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