ACCT 504 Course Inspiring Minds / tutorialrank.com - PowerPoint PPT Presentation

About This Presentation
Title:

ACCT 504 Course Inspiring Minds / tutorialrank.com

Description:

Case Study 1 (Part A) Analyze the impact of business transactions on accounts; record (journalize and post) transactions in the books; construct and use a trial balance) During the first month of operation of Gordon Construction, Inc., completed the following transactions: June 2 Gordon received $55,000 cash and issued common stock to the stockholders. 3 Purchased supplies, $3,000, and equipment, $5,200, on account. – PowerPoint PPT presentation

Number of Views:1
Slides: 19
Provided by: azalea32
Category:

less

Transcript and Presenter's Notes

Title: ACCT 504 Course Inspiring Minds / tutorialrank.com


1
ACCT 504 Course Inspiring Minds/tutorialrank.com
The Best way to predict the Future is to create
it.....To Best way....
www.tutorialrank.com
2
ACCT 504 Course Inspiring Minds/tutorialrank.com
ACCT 504 Case Study 1 (Gordon Construction) For
more course tutorials visit www.tutorialrank.com  
Case Study 1 (Part A) Analyze the impact of
business transactions on accounts record
(journalize and post) transactions in the books
construct and use a trial balance) During the
first month of operation of Gordon Construction,
Inc., completed the following transactions June 2
Gordon received 55,000 cash and issued common
stock to the stockholders. 3 Purchased supplies,
3,000, and equipment, 5,200, on account.
3
ACCT 504 Course Inspiring Minds/tutorialrank.com
ACCT 504 Case Study 2 (Williams Oil) For more
course tutorials visit www.tutorialrank.com   Case
study (Learning Objectives 2, 4 Explain the
components of internal control evaluate internal
controls) Each of the following situations
reveals an internal control weakness Situation
a. In evaluating the internal control over
inventory for the Williams Oil Services Company,
an auditor learns that the warehouse receiving
clerk is responsible for ordering parts for
supply inventory use in drilling services, counts
the inventory when received at the dock, records
the receipts into the inventory ledger, and takes
the annual inventory, No supervisor reviews the
receiving clerks work.
4
ACCT 504 Course Inspiring Minds/tutorialrank.com
ACCT 504 Case Study 3 (Wang Appliance Store)
For more course tutorials visit www.tutorialrank.
com   Construct and use a cash budget) Nathan
Farmer, chief financial officer of Wang Appliance
Store, is responsible for the company?s budgeting
process. Farmer?s staff is preparing the Wang
cash budget for 2014. A key input to the
budgeting process is last year?s statement of
cash flows, which follows (amounts in
thousands) Wang Appliance Store Statement of
Cash Flows
5
ACCT 504 Course Inspiring Minds/tutorialrank.com
ACCT 504 Course Project Oracle and Microsoft
Corporation For more course tutorials
visit www.tutorialrank.com   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. Here is the link for
the financial statements for Microsoft
Corporation for the fiscal year ending 2007. You
should
6
ACCT 504 Course Inspiring Minds/tutorialrank.com
ACCT 504 Entire Course (Includes All DQs,
Project, Case Study, Midterm, Final) (DEVRY)
For more course tutorials visit www.tutorialrank.
com 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
7
ACCT 504 Course Inspiring Minds/tutorialrank.com
ACCT 504 Final Exam (3 different finals) (DEVRY)
For more course tutorials visit www.tutorialran
k.com 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 organization 2. (TCO A) When a
corporation distributes a dividend, _____.
(Points 5)
8
ACCT 504 Course Inspiring Minds/tutorialrank.com
ACCT 504 Week 1-7 All Discussion Questions
(DEVRY) For more course tutorials
visit www.tutorialrank.com 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
9
ACCT 504 Course Inspiring Minds/tutorialrank.com
ACCT 504 Week 3 Case Study 1 Flower Landscaping
Corporation (DEVRY) For more course tutorials
visit www.tutorialrank.com 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.
10
ACCT 504 Course Inspiring Minds/tutorialrank.com
  ACCT 504 Week 4 Midterm Exam (New) For more
course tutorials visit www.tutorialrank.com   Ques
tion 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 considerecosts
was added during the period. Re
11
ACCT 504 Course Inspiring Minds/tutorialrank.com
ACCT 504 Week 4 Midterm Exam Set 1 (DEVRY) For
more course tutorials visit www.tutorialrank.com  
  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
12
ACCT 504 Course Inspiring Minds/tutorialrank.com
ACCT 504 Week 4 Midterm Set 2 (DEVRY) For more
course tutorials visit www.tutorialrank.com .
Question (TCO A, B, C) External users want
answers to all of the following questions except
Points Received 3 of 3 (TCO C) Which
activities involve putting the resources of the
business into action to generate a profit?
Points Received
13
ACCT 504 Course Inspiring Minds/tutorialrank.com
ACCT 504 Week 4 Midterm Set 3 (DEVRY) For more
course tutorials visit www.tutorialrank.com   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 3.
Question
14
ACCT 504 Course Inspiring Minds/tutorialrank.com
  ACCT 504 Week 5 Case Study 2 Internal Control -
LJB Company (DEVRY) For more course tutorials
visit www.tutorialrank.com   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.
15
ACCT 504 Course Inspiring Minds/tutorialrank.com
  ACCT 504 Week 5 Course Project Draft
Spreadsheet (DEVRY) For more course tutorials
visit www.tutorialrank.com   ACCT-504 Week 5
Course Project Draft Spreadsheet
16
ACCT 504 Course Inspiring Minds/tutorialrank.com
ACCT 504 Week 6 Case Study 3 - Cash Budgeting -
LBJ Company (DEVRY) For more course tutorials
visit www.tutorialrank.com     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
17
ACCT 504 Course Inspiring Minds/tutorialrank.com
ACCT 504 Week 7 Course Project JCP Kohls (DEVRY)
For more course tutorials visit www.tutorialran
k.com     ACCT-504 Week 7 Course Project JCP
Kohls  
18
ACCT 504 Course Inspiring Minds/tutorialrank.com
The Best way to predict the Future is to create
it.....To Best way....
www.tutorialrank.com
Write a Comment
User Comments (0)
About PowerShow.com