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ACC 422 Course Inspiring Minds / tutorialrank.com
The Best way to predict the Future is to create
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ACC 422 Course Inspiring Minds / tutorialrank.com
ACC 422 Entire Course (UOP Course)
ACC 422 Week 1 DQ 1 (UOP Course) ACC 422 Week 1
DQ 2 (UOP Course) ACC 422 Week 1 DQ 3 (UOP
Course) ACC 422 Week 1 Individual Assignment
Disclosure Analysis Paper (UOP Course) ACC 422
Week 1 Summary (UOP Course)
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ACC 422 Course Inspiring Minds / tutorialrank.com
ACC 422 Final Exam Guide 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
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ACC 422 Course Inspiring Minds / tutorialrank.com
ACC 422 Final Exam Guide 2
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?
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ACC 422 Course Inspiring Minds / tutorialrank.com
ACC 422 Final Exam Guide 3
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?
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ACC 422 Course Inspiring Minds / tutorialrank.com
ACC 422 Final Exam Guide All 3 Sets
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
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ACC 422 Course Inspiring Minds / tutorialrank.com
ACC 422 Week 1 DQ 1 (UOP Course)
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 Course Inspiring Minds / tutorialrank.com
ACC 422 Week 1 DQ 2 (UOP Course)
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 Inspiring Minds / tutorialrank.com
ACC 422 Week 1 DQ 3 (UOP Course)
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 Course Inspiring Minds / tutorialrank.com
ACC 422 Week 1 DQ 3 (UOP Course)
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 Course Inspiring Minds / tutorialrank.com
ACC 422 Week 1 Individual Assignment Disclosure
Analysis Paper (UOP Course)
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 Inspiring Minds / tutorialrank.com
ACC 422 Week 1 Individual Assignment Disclosure
Analysis Paper (2 Papers)
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.
13
ACC 422 Course Inspiring Minds / tutorialrank.com
ACC 422 Week 1 Team Assignment Audited Financial
Statements (Nordstrom Inc.)
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.
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ACC 422 Course Inspiring Minds / tutorialrank.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)
This 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
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ACC 422 Course Inspiring Minds / tutorialrank.com
ACC 422 Week 2 DQ 1 (UOP Course)
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 Inspiring Minds / tutorialrank.com
ACC 422 Week 2 DQ 1 (UOP Course)
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 Inspiring Minds / tutorialrank.com
ACC 422 Week 2 DQ 2 (UOP Course)
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 Course Inspiring Minds / tutorialrank.com
ACC 422 Week 2 DQ 2 (UOP Course)
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 Inspiring Minds / tutorialrank.com
ACC 422 Week 2 DQ 3 (UOP Course)
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 Course Inspiring Minds / tutorialrank.com
ACC 422 Week 2 DQ 3 (UOP Course)
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 Course Inspiring Minds / tutorialrank.com
ACC 422 Week 2 Individual Assignment E7-2,
E7-8,Q13,E8-5 And E8-14 (UOP Course)
ResourceIntermediate 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 Course Inspiring Minds / tutorialrank.com
ACC 422 Week 2 Learning Team Assignment From The
Text P7-10 And E8-25 (UOP Course)
ResourceIntermediate Accounting Prepare written
responses to the following assignments from the
text Ch. 7 Problem P7-10 Ch. 8
Exercise E8-25
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ACC 422 Course Inspiring Minds / tutorialrank.com
ACC 422 Week 2 Summary (UOP Course)
Post a 150 words summary what you have learned
this week
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ACC 422 Course Inspiring Minds / tutorialrank.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)
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)
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ACC 422 Course Inspiring Minds / tutorialrank.com
ACC 422 Week 3 DQ 1 (UOP Course)
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 Inspiring Minds / tutorialrank.com
ACC 422 Week 3 DQ 1 (UOP Course)
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 Inspiring Minds / tutorialrank.com
ACC 422 Week 3 DQ 2 (UOP Course)
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 Inspiring Minds / tutorialrank.com
ACC 422 Week 3 DQ 2 (UOP Course)
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 Inspiring Minds / tutorialrank.com
ACC 422 Week 3 DQ 3 (UOP Course)
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 Course Inspiring Minds / tutorialrank.com
ACC 422 Week 3 DQ 3 (UOP Course)
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 Course Inspiring Minds / tutorialrank.com
ACC 422 Week 3 DQ 4
ACC 422 Week 3 DQ 4
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ACC 422 Course Inspiring Minds / tutorialrank.com
ACC 422 Week 3 Individual Assignment From the
Text E9-1,E9-12,E9-19,E10-5 And E10-12 (UOP
Course)
ResourceIntermediate Accounting Prepare written
responses to the following assignments from the
text Ch. 9 Exorcices E9-1, E9-12,
E9-19 Ch. 10 Exercises E10-5 E10-12
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ACC 422 Course Inspiring Minds / tutorialrank.com
ACC 422 Week 3 Learning Team Assignment From The
Text P9-9 And P10-8 (UOP Course)
ResourceIntermediate Accounting Prepare written
responses to the following assignments from the
text Ch. 9 Problem P9-9 Ch. 10
Problem P10-8
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ACC 422 Course Inspiring Minds / tutorialrank.com
ACC 422 Week 3 Summary (UOP Course)
Post a 150 words summary what you have learned
this week
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ACC 422 Course Inspiring Minds / tutorialrank.com
ACC 422 Week 4 DQ 1 (UOP Course)
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 Course Inspiring Minds / tutorialrank.com
ACC 422 Week 4 DQ 1 (UOP Course)
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 Course Inspiring Minds / tutorialrank.com
ACC 422 Week 4 DQ 2 (UOP Course)
What is a contingency? Why are contingencies
important to users of financial statements? What
are the criteria for recording contingencies? Shou
ld companies record a liability for threatened
litigation? Explain why or why not.
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ACC 422 Course Inspiring Minds / tutorialrank.com
ACC 422 Week 4 DQ 2 (UOP Course)
What is a contingency? Why are contingencies
important to users of financial statements? What
are the criteria for recording contingencies? Shou
ld companies record a liability for threatened
litigation? Explain why or why not.
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ACC 422 Course Inspiring Minds / tutorialrank.com
ACC 422 Week 4 DQ 3 (UOP Course)
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 Course Inspiring Minds / tutorialrank.com
ACC 422 Week 4 DQ 3 (UOP Course)
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 Course Inspiring Minds / tutorialrank.com
ACC 422 Week 4 DQ 3 (UOP Course)
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 Course Inspiring Minds / tutorialrank.com
ACC 422 Week 4 Individual Assignment From The
Text E11-4,E11-11,E12-6 And E12-16 (UOP Course)
ResourceIntermediate Accounting Prepare written
responses to the following assignments from the
text Ch. 11 Exercises E11-4
E11-11 Ch. 12 Exercises E12-6
E12-16 Prepare a response to the following
questions
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ACC 422 Course Inspiring Minds / tutorialrank.com
ACC 422 Week 4 Learning Team Assignment From The
Text E11-18,P11-10 And P12-3 (UOP Course)
ResourceIntermediate Accounting Prepare written
responses to the following assignments from the
text Ch. 11 Exercise E11-18
Problem P11-10 Ch. 12 Problem P12-3
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ACC 422 Course Inspiring Minds / tutorialrank.com
ACC 422 Week 5 DQ 1 (UOP Course)
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 Course Inspiring Minds / tutorialrank.com
ACC 422 Week 5 DQ 1 (UOP Course)
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 Course Inspiring Minds / tutorialrank.com
ACC 422 Week 5 DQ 2 (UOP Course)
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 Course Inspiring Minds / tutorialrank.com
ACC 422 Week 5 DQ 2 (UOP Course)
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 Course Inspiring Minds / tutorialrank.com
ACC 422 Week 5 DQ 3 (UOP Course)
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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