ACC 422 Course Experience Tradition / acc422.com

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ACC 422 Course Experience Tradition / acc422.com
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ACC 422 Course Experience Tradition / acc422.com
ACC 422 Final Exam Guide 1
ACC 422 Entire Course

• 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 (2 Papers) ACC 422 Week
  1 CPA Practice Exam ACC 422 Week 1 Team
  Assignment Audited Financial Statements
  (Nordstrom Inc.)

• 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

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ACC 422 Course Experience Tradition / acc422.com
ACC 422 Final Exam Guide 3
ACC 422 Final Exam Guide 2

• 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?

• ACC 422 Final Exam Guide 3SET 3 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?

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ACC 422 Course Experience Tradition / acc422.com
ACC 422 Week 1 CPA Practice Exam
ACC 422 Final Exam Guide All 3 Sets

• 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?

• 1. What amount should Herc report as inventory in
  its December 31, 2005, balance sheet? 2. What
  dollar-value LIFO inventory cost would be
  reported in Cobb's December 31, 2006, balance
  sheet? 3. Garson Co.

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ACC 422 Course Experience Tradition / acc422.com
ACC 422 Week 1 DQ 2
ACC 422 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?

• 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 Course Experience Tradition / acc422.com
ACC 422 Week 1 Individual Assignment Disclosure
Analysis Paper (2 Papers)
ACC 422 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.

• This Tutorial contains 2 Papers 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.

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ACC 422 Course Experience Tradition / acc422.com
ACC 422 Week 1 Team Assignment Audited Financial
Statements (Nordstrom Inc.)
ACC 422 Week 1 Individual WileyPlus Assignment
(Exercise 7-2, 7-4, 7-8, 7-9, 7-13, 7-16, 8-3,
8-13)

• Complete the following Week 1 Assignment in
  WileyPLUS Exercise 7-2 Exercise 7-4
  Exercise 7-8 Exercise 7-9 Exercise 7-13
  Exercise 7-16 Exercise 8-3 Exercise 8-13 Take
  a screenshot of your completed work, and Click
  the Assignment Files tab to submit your
  screenshot.

• Each team is assigned a publically traded company
  that they will use to answer the questions in the
  Financial Scavenger Hunt assigned each week. Team
  A Nordstrom Inc. Team B Macy's Inc. Locate your
  assigned company's latest audited financial
  statements and post them on the assignment tab.
  Review the financial statements

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ACC 422 Course Experience Tradition / acc422.com
ACC 422 Week 2 DQ 1
ACC 422 Week 2 CPA Practice Exam

• 1. On June 18, 2005, Dell Printing Co. incurred
  the following costs for one of its printing
  presses 2. The overhaul resulted in a
  significant increase in production. Neither the
  attachment nor the overhaul increased the
  estimated useful life of the press. What amount
  of the above costs should be capitalized?

• 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 Course Experience Tradition / acc422.com
ACC 422 Week 2 DQ 3
ACC 422 Week 2 DQ 2

• 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?

• 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 Course Experience Tradition / acc422.com
ACC 422 Week 2 Team Assignment Textbook Problems
(P7-1, P7-2, P8-4)
ACC 422 Week 2 Individual WileyPlus Assignment
(Exercise 9-3, 9-12, 9-19, 10-2, 10-23, 10-24)

• Complete the following Week Two Assignment in
  WileyPLUS Exercise 9-3 Exercise 9-12
  Exercise 9-19 Exercise 10-2 Exercise 10-23
  Exercise 10-24 Take a screenshot of your
  completed work, and Click the Assignment Files
  tab to submit your screenshot.

• Prepare written responses to the following
  assignments from Ch. 7 8 of Intermediate
  Accounting Problem 7-1 Problem 7-2 Problem
  8-4 Click the Assignment Files tab to submit your
  assignment.

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ACC 422 Course Experience Tradition / acc422.com
ACC 422 Week 3 DQ 1
ACC 422 Week 3 CPA Practice Exam

• 1. Alta Co. spent 400,000 during the current
  year developing a new idea for a product that was
  patented during the year. The legal cost of
  applying for a patent license was 40,000. Also,
  50,000 was spent to successfully defend the
  rights of the patent against a competitor

• 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 Course Experience Tradition / acc422.com
ACC 422 Week 3 DQ 3
ACC 422 Week 3 DQ 2

• 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?

• 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 Course Experience Tradition / acc422.com
ACC 422 Week 3 Team Assignment Textbook Problems
(P9-2, P9-4, P10-3, P10-4) 100 Score
ACC 422 Week 3 Individual WileyPlus Assignment
Exercise 11-6, 11-9, 11-21, 12-1, 12-6, 12-8,
12-17

• Complete the following Week Three Assignment in
  WileyPLUS Exercise 11-6 Exercise 11-9
  Exercise 11-21 Exercise 12-1 Exercise 12-6
  Exercise 12-8 Exercise 12-17 Take a screenshot
  of your completed work, and Click the Assignment
  Files tab to submit your screenshot

• Prepare written responses to the following
  assignments from Ch. 9 10 of Intermediate
  Accounting Problem 9-2 Problem 9-4 Problem 10-3
  Problem 10-4 Click the Assignment Files tab to
  submit your assignment.

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ACC 422 Course Experience Tradition / acc422.com
ACC 422 Week 4 Individual Wileyplus Assignment
Exercise 13-1, 13-3, 13-5, 13-8, 13-11, 14-4,
14-13
ACC 422 Week 4 CPA Practice Exam

• 1. On September 30, World Co. borrowed 1,000,000
  on a 9 note payable. World paid the first of
  four quarterly payments of 264,200 when due on
  December 30. In its December 31, balance sheet,
  what amount should World report as note payable?

• Resource WileyPLUS Complete the following Week
  Four Assignment in WileyPLUS Exercise 13-1
  Exercise 13-3 Exercise 13-5 Exercise 13-8
  Exercise 13-11 Exercise 14-4 Exercise 14-13
  Take a screenshot of your completed work, and
  Click the Assignment Files tab to submit your
  screenshot.

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ACC 422 Course Experience Tradition / acc422.com
ACC 422 Week 4 Team Assignment Textbook Problems
(P11-1, P12-1)
 ACC 422 Week 4 Team Assignment Financial
Scavenger Hunt 3 (Nordstrom)

• Review the financial statements, including any
  notes and supplemental information, and answer
  the following questions. Indicate where you found
  the answer to the questions. If calculations are
  required, show your work. Fixed Assets and
  Intangibles

• Prepare written responses to the following
  assignments from Ch. 11 12 of Intermediate
  Accounting Problem 11-1 Problem 12-1 Click
  the Assignment Files tab to submit your
  assignment.

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ACC 422 Course Experience Tradition / acc422.com
ACC 422 Week 5 Team Assignment Textbook Problems
(P13-10,P14-2, P21-3)
ACC 422 Week 5 Individual WileyPlus Assignment
Exercise 21-2, 21-4, 21-8 (Essay), 21-8, 21-13

• Complete the following Week Five Assignment in
  WileyPLUS Exercise 21-2 Exercise 21-4
  Exercise 21-8 (Essay) Exercise 21-8 Exercise
  21-13 Take a screenshot of your completed work,
  and Click the Assignment Files tab to submit your
  screenshot.

• Prepare written responses to the following
  assignments from Ch. 13,14 21 of Intermediate
  Accounting Problem 13-10 Problem 14-2 Problem
  21-3 Click the Assignment Files tab to submit
  your assignment.

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ACC 422 Course Experience Tradition / acc422.com
Fore more Courses
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