ACC 422 help A Guide to career/Snaptutorial

1
ACC 422 help A Guide to career/ snaptutorial.com
The Best way to predict the Future is to create
it.....To Best way....
www.snaptutorial.com
2
ACC 422 help A Guide to career/ snaptutorial.com
ACC 422 Final Exam Guide 1 For more classes
visit www.snaptutorial.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
Postdated checks 753 Cash refund due from IRS
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ACC 422 help A Guide to career/ snaptutorial.com
ACC 422 Final Exam Guide 2 For more classes
visit www.snaptutorial.com   SET 2 1) Which of
the following is considered cash? 2) Bank
overdrafts, if material, should be 3) Which of
the following is NOT considered cash for
financial reporting purposes? 4) If a company
employs the gross method of recording accounts
receivable from customers, then sales discounts
taken should be reported as
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ACC 422 help A Guide to career/ snaptutorial.com
ACC 422 Final Exam Guide 3 For more classes
visit www.snaptutorial.com   SET 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? 3) Which of the following
items should NOT be included in the Cash caption
on the balance sheet? 4) The advantage of
relating a company's bad debt expense to its
outstanding accounts receivable is that this
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ACC 422 help A Guide to career/ snaptutorial.com
ACC 422 Final Exam Guide All 3 Sets For more
classes visit www.snaptutorial.com  Details of
All 180 Questions Given Below SET 1 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?
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ACC 422 help A Guide to career/ snaptutorial.com
ACC 422 Week 1 DQ 1 For more classes
visit www.snaptutorial.com   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?
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ACC 422 help A Guide to career/ snaptutorial.com
ACC 422 Week 1 DQ 2 For more classes
visit www.snaptutorial.com   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? Which is
the best method? Why?on?
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ACC 422 help A Guide to career/ snaptutorial.com
ACC 422 Week 1 DQ 3 For more classes
visit www.snaptutorial.com   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.
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ACC 422 help A Guide to career/ snaptutorial.com
ACC 422 Week 1 Individual Assignment Disclosure
Analysis Paper (2 Papers) For more classes
visit www.snaptutorial.com   This Tutorial
contains 2 Papers Resource Internet Select a
publicly hed company to use as the basis for this
assignment. Research your selected company and
acquire the companys most recent financial
statements using the Internet. Prepare a 700- to
1,050-word paper analyzing the disclosures
contained within the notes to the financial
statements related to cash and cash equivalents,
receivables, and inventories. Include a list
identifying the components of the organizations
cash
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ACC 422 help A Guide to career/ snaptutorial.com
ACC 422 Week 1 Team Assignment Audited Financial
Statements (Nordstrom Inc.) For more classes
visit www.snaptutorial.com   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, including any notes and
supplemental information, and answer the
following questions. Indicate where you found the
answer to the questions.
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ACC 422 help A Guide to career/ snaptutorial.com
ACC 422 Week 1 Wileyplus BE 7-1, BE 7-7, Ex 7-4,
Ex 7-9, Ex 7-22, Ex 7-24, CA 7-2, Pr 7-4 (with
Excel File) For more classes visit www.snaptutori
al.com   his Tutorial contains Excel File which
can be used to solve for any values Complete the
following assignments in WileyPLUS
Brief Exercise 7-1 Brief Exercise 7-7
Exercise 7-4 Exercise 7-9
Exercise 7-22 Exercise 7-24 (Part
Level Submission) Concept for Analysis
7-2 (Essay)
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ACC 422 help A Guide to career/ snaptutorial.com
ACC 422 Week 2 DQ 1 For more classes
visit www.snaptutorial.com   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.
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ACC 422 help A Guide to career/ snaptutorial.com
 ACC 422 Week 2 DQ 2 For more classes
visit www.snaptutorial.com 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 help A Guide to career/ snaptutorial.com
ACC 422 Week 2 DQ 3 For more classes
visit www.snaptutorial.com   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 statements?
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ACC 422 help A Guide to career/ snaptutorial.com
ACC 422 Week 2 Wileyplus Ex 8-2, Ex 8-9, Ex 8-12,
Ex 9-2, Ex 9-7, Ex 9-17, Ex 9-18, Ex 9-20, Ex
9-22 (with Excel File) For more classes
visit www.snaptutorial.com   This Tutorial
contains Excel File which can be used to solve
for any values Complete the following assignments
i Exercise 8-2 Exercise 8-9 (Part Level
Submission) Exercise 8-12 (Part Level
Submission) Exercise 9-2 Exercise 9-7
Exercise 9-17 Exercise 9-18
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ACC 422 help A Guide to career/ snaptutorial.com
ACC 422 Week 3 DQ 1 For more classes
visit www.snaptutorial.com   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 or why not.
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ACC 422 help A Guide to career/ snaptutorial.com
ACC 422 Week 3 DQ 2 For more classes
visit www.snaptutorial.com   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 to enhance
comparability? Explain your answer.
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ACC 422 help A Guide to career/ snaptutorial.com
ACC 422 Week 3 DQ 3 For more classes
visit www.snaptutorial.com   Week 3 DQ 3 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?
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ACC 422 help A Guide to career/ snaptutorial.com
ACC 422 Week 3 DQ 4 For more classes
visit www.snaptutorial.com   ACC 422 Week 3 DQ 4
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ACC 422 help A Guide to career/ snaptutorial.com
ACC 422 Week 4 DQ 1 For more classes
visit www.snaptutorial.com   Week 4 DQ 1 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?
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ACC 422 help A Guide to career/ snaptutorial.com
ACC 422 Week 4 DQ 2 For more classes
visit www.snaptutorial.com     Week 4 DQ 2 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.
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ACC 422 help A Guide to career/ snaptutorial.com
ACC 422 Week 4 DQ 3 For more classes
visit www.snaptutorial.com     Week 4 DQ 3 What
is a bond? What are some features of a bond? How
do you value bonds? What factors can affect that
value?
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ACC 422 help A Guide to career/ snaptutorial.com
ACC 422 Week 5 DQ 1 For more classes
visit www.snaptutorial.com     Week 5 DQ 1 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?
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ACC 422 help A Guide to career/ snaptutorial.com
ACC 422 Week 5 DQ 2 For more classes
visit www.snaptutorial.com     Week 5 DQ 2 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?
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ACC 422 help A Guide to career/ snaptutorial.com
ACC 422 Week 5 DQ 3 For more classes
visit www.snaptutorial.com     Week 5 DQ 3 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?
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ACC 422 help A Guide to career/ snaptutorial.com
ACC 422 Week 5 DQ 4 For more classes
visit www.snaptutorial.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?
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ACC 422 help A Guide to career/ snaptutorial.com
ACC 422 week 5 Learning Team Problem Presentation
For more classes visit www.snaptutorial.com   Col
laborate 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. Note. Each week, the facilitator
assigns one Learning Team a problem to present
that the team must complete during the succeeding
Learning Team Meeting
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ACC 422 help A Guide to career/ snaptutorial.com
The Best way to predict the Future is to create
it.....To Best way....
www.snaptutorial.com