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FOR MORE CLASSES VISIT www.acc544edu.com ACC 544 Quiz 2 • Question 1 Mead Corp. orally engaged Dex & Co., CPAs, to audit its financial statements. The management of Mead informed Dex that it suspected that the accounts receivable were materially overstated. Although the financial statements audited by Dex did, in fact, include a materially overstated accounts receivable balance, Dex issued an unqualified opinion. Mead relied on the financial statements in deciding to obtain a loan from City Bank to expand its operations – PowerPoint PPT presentation

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Title: ACC 544 EDU Invent Yourself/acc544edu.com


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ACC 547 MASTER Invent Yourself/acc547master.com
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ACC 547 MASTER Invent Yourself/acc547master.com
ACC 547 Entire Course FOR MORE CLASSES VISIT
www.acc547master.com   ACC 547 Week 1 Individual
Assignment Personal Budget, Balance Sheet, and
Cash Flow Statement ACC 547 Week 2 - Problem Set
I5-67, I5-61 ACC 547 Week 2 Individual
Assignment Week Two Problem Set 72 , 49 (Ch 2),
40 (Ch 3) 41 (Ch 4) ACC 547 Week 3 Individual
Assignment Problem 67 (Ch. 5), 66 (Ch. 6), 81
(Ch. 8) ACC 547 Week 3 - DQ I6-23  Problems
I8-40, C3-38, C3-58, C3-59 ,I10-52 Tax Strategy
I13-65 ACC 547 Week 4 Learning Team Assignment
Week Four Problem 16 (Ch 14) ACC 547 Week
4Problems I14-42, Problem C5-36, Problem C6-41,
Problem C7-43, Case Study C4-60 Summarize
3
ACC 547 MASTER Invent Yourself/acc547master.com
ACC 547 Week 1 Individual Assignment Personal
Budget, Balance Sheet, and Cash Flow
Statement FOR MORE CLASSES VISIT
www.acc547master.com   ACC 547 Week 1 Individual
Assignment Personal Budget, Balance Sheet, and
Cash Flow Statement Choose a client or yourself.
For confidentiality purposes, use a fictitious
name. Prepare a personal budget, balance sheet,
and cash flow statement. Write a memo that
includes the following   A summary of the facts,
including ages of the client, spouse, and
dependents educational background income status
of client and spouse and two major concerns and
goals.  
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ACC 547 MASTER Invent Yourself/acc547master.com
ACC 547 Week 2 Individual Assignment Week Two
Problem Set 72 , 49 (Ch 2), 40 (Ch 3) 41 (Ch 4)
FOR MORE CLASSES VISIT www.acc547master.com   ACC
547 Week 2 Individual Assignment Week Two
Problem Set Complete the following problems
located in Taxation of Individuals and Business
Entities   Problem 72 (Ch. 2) Problem 49 (Ch.
3) Comprehensive Problems 40 41 (Ch. 4)
5
ACC 547 MASTER Invent Yourself/acc547master.com
ACC 547 Week 2 Problem Set I5-67, I5-61 FOR MORE
CLASSES VISIT www.acc547master.com   Week 2 Case
Study I5-67 As a political consultant for an
aspiring politician, you have been hired to
evaluate thefollowing statements that pertain to
capital gains and losses. Evaluate the statement
andprovide at least a one-paragraph explanation
of each statement. As you prepare youranswer,
consider the fact that the aspiring politician
does not have much knowledgeabout taxation. a.The
tax on capital gains is considered a voluntary
tax. b.On October 22, 1986, the Tax Reform Act of
1986 was passed, which eliminated the60 of net
capital gain deduction (i.e., an individual
taxpayer with 10,000 of netcapital gain was
entitled to a 6,000 deduction when computing
AGI) before January1, 1987. Many state
governments enjoyed a substantial increase in
1986 tax revenue.
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ACC 547 MASTER Invent Yourself/acc547master.com
ACC 547 Week 3 DQ I6-23 Problems I8-40, C3-38,
C3-58, C3-59 ,I10-52 Tax Strategy I13-65 FOR MORE
CLASSES VISIT www.acc547master.com   ACC/547 ACC
547 Week 3 - DQ I6-23 Problems I8-40 C3-38
C3-58, C3-59 I10-52 Tax Strategy
I13-65 Week 3 Complete the following in Federal
Taxation Comprehensiveo    Discussion Question
I6-23o    Problems I8-40, C3-38, C3-58,
C3-59o    Case Study I10-52o    Tax Strategy
Problem I13-65  
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ACC 547 MASTER Invent Yourself/acc547master.com
ACC 547 Week 3 Individual Assignment Problem 67
(Ch. 5), 66 (Ch. 6), 81 (Ch. 8) FOR MORE CLASSES
VISIT www.acc547master.com   ACC 547 Week 3
Individual Assignment Week Three Problem
Set Complete the following problems located
in Taxation of Individuals and Business
Entities   Comprehensive Problem 67 (Ch.
5) Comprehensive Problem 66 (Ch. 6) Comprehensive
Problem 81 (Ch. 8)
8
ACC 547 MASTER Invent Yourself/acc547master.com
ACC 547 Week 4 Learning Team Assignment Week Four
Problem 16 (Ch 14) FOR MORE CLASSES VISIT
www.acc547master.com   ACC 547 Week 4 Learning
Team Assignment Week Four Problem Set Complete,
individually, Problem 61 in Ch. 14 of Taxation of
Individuals and Business Entities. Respond to all
the questions. Support your answers with
calculations, as needed. Discuss your results
with your team.   Decide on a final group
submission. Submit your completed team assignment.
9
ACC 547 MASTER Invent Yourself/acc547master.com
ACC 547 Week 4 Problems I14-42, Problem C5-36,
Problem C6-41, Problem C7-43, Case Study C4-60
Summarize FOR MORE CLASSES VISIT
www.acc547master.com   ACC 547 Week 4Problems
I14-42, Problem C5-36,Problem C6-41, Problem
C7-43, Case Study C4-60 Summarize
10
ACC 547 MASTER Invent Yourself/acc547master.com
ACC 544 Week 4 Team Internal Control for
purchases, payroll and Fixed Assets (2
Papers) FOR MORE CLASSES VISIT www.acc544edu.com
  This Tutorial contains 2 Papers Include
specific internal controls that include
authorization of transactions, segregation of
duties, adequate records and documentation,
security of assets, and independent checks and
reconciliation for each business area. The CFO,
has again, asked for your assistance in
developing internal controls, but this time, in
the purchases, payroll, and fixed assets business
areas. Write a report of approximately 1,400 to
2,450 words. Describe typical
activities
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ACC 547 MASTER Invent Yourself/acc547master.com
ACC 544 Week 5 Team Asset Governance (2
Papers) FOR MORE CLASSES VISIT www.acc544edu.com
  This Tutorial contains 2 Papers ACC 544 Week
5 Team Asset Governance
12
ACC 547 MASTER Invent Yourself/acc547master.com
ACC 544 Week 6 Evaluating Internal Controls (2
Papers) FOR MORE CLASSES VISIT www.acc544edu.com
  This Tutorial contains 2 Papers You have
been hired to evaluate internal controls for your
client organization. The CFO for your client
wants a report outlining the evaluation to share
with the Board of Directors. Evaluate
the criteria to identify and report identified
control deficiencies Analyze the
reporting requirements for both public and
private organizations. Paper provides
sufficient background on the topic and previews
major points. At least three sources
are used
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ACC 547 MASTER Invent Yourself/acc547master.com
ACC 544 Week 6 Quiz (Auditing) FOR MORE CLASSES
VISIT www.acc544edu.com   ACC 544 Week 6 Quiz
(Auditing) Question 1 Which of the
following statements most likely represents a
disadvantage for an entity that keeps
microcomputer-prepared data files rather than
manually prepared files? Question 2 A
primary advantage of using generalized audit
packages in the audit of an advanced computer
system is that it enables the auditor to
Question 3 Which of the following statements
most likely represents a disadvantage for an
entity that keeps microcomputer-prepared data
files rather than manually prepared files?
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ACC 547 MASTER Invent Yourself/acc547master.com
ACC 544 Week 6 Quiz (Internal Controls) FOR MORE
CLASSES VISIT www.acc544edu.com   ACC 544 Week 6
Quiz (Internal Controls) Question 1 Which
of the following payroll control activities would
most effectively ensure that payment is made only
for work performed? Question 2 Effective
internal control over the payroll function would
include which of the following? Question 3
One of the auditors objectives in observing the
actual distribution of payroll checks is to
determine that every name on the payroll is that
of a bona fide employee. The payroll observation
is an auditing procedure that is generally
performed for which of the following reasons?
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ACC 547 MASTER InventYourself/acc547master.com
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