Title: ACC 422 NERD Enthusiastic Study / acc422nerd.com
1ACC 422 NERD Enthusiastic Study / acc422nerd.com
2ACC 422 NERD Enthusiastic Study
ACC 422 Final Exam Guide 1 FOR MORE CLASSES
VISIT www.acc422nerd.com 1. Kraft Enterprises
owns the following assets at December 31, 2012.
Cash in banksavings account 67,516 Checking
account balance
3ACC 422 NERD Enthusiastic Study
ACC 422 Final Exam Guide 2 FOR MORE CLASSES
VISIT www.acc422nerd.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
4ACC 422 NERD Enthusiastic Study
ACC 422 Final Exam Guide 3 FOR MORE CLASSES
VISIT www.acc422nerd.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
5ACC 422 NERD Enthusiastic Study
ACC 422 Final Exam Guide All 3 Sets FOR MORE
CLASSES VISIT www.acc422nerd.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 Chec
king account balance 26,445 Cash on
hand 9,478 Postdated checks
6ACC 422 NERD Enthusiastic Study
ACC 422 Week 1 DQ 1 FOR MORE CLASSES
VISIT www.acc422nerd.com Consider how an
organization must manage cash
7ACC 422 NERD Enthusiastic Study
ACC 422 Week 1 DQ 2 FOR MORE CLASSES
VISIT www.acc422nerd.com What is the perpetual
method of tracking inventory? How does it differ
from the periodic method of tracking
8ACC 422 NERD Enthusiastic Study
ACC 422 Week 1 DQ 3 FOR MORE CLASSES
VISIT www.acc422nerd.com What are the different
ways to estimate bad debt? How does this affect
net income? What does Generally Accepted
Accounting Principles
9ACC 422 NERD Enthusiastic Study
ACC 422 Week 1 Individual Assignment Disclosure
Analysis Paper (2 Papers) FOR MORE CLASSES
VISIT www.acc422nerd.com 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
10ACC 422 NERD Enthusiastic Study
ACC 422 Week 1 Team Assignment Audited
Financial Statements (Nordstrom Inc.) FOR MORE
CLASSES VISIT www.acc422nerd.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
11ACC 422 NERD Enthusiastic Study
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.acc422nerd.com This Tutorial contains
Excel File which can be used to solve for any
values Complete the following assignments in
WileyPLUS
12ACC 422 NERD Enthusiastic Study
ACC 422 Week 2 DQ 1 FOR MORE CLASSES
VISIT www.acc422nerd.com 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?
13ACC 422 NERD Enthusiastic Study
ACC 422 Week 2 DQ 2 FOR MORE CLASSES
VISIT www.acc422nerd.com What are the criteria
for capitalization of fixed assets? What items
are included in the cost of a fixed
14ACC 422 NERD Enthusiastic Study
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.acc422nerd.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
15ACC 422 NERD Enthusiastic Study
ACC 422 Week 3 DQ 1 FOR MORE CLASSES
VISIT www.acc422nerd.com 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
16ACC 422 NERD Enthusiastic Study
ACC 422 Week 3 DQ 2 FOR MORE CLASSES
VISIT www.acc422nerd.com What are the different
methods used to calculate depreciation? How does
a company decide which method it s
17ACC 422 NERD Enthusiastic Study
ACC 422 Week 3 DQ 3 FOR MORE CLASSES
VISIT www.acc422nerd.com 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
18ACC 422 NERD Enthusiastic Study
ACC 422 Week 4 DQ 1 FOR MORE CLASSES
VISIT www.acc422nerd.com 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
19ACC 422 NERD Enthusiastic Study
ACC 422 Week 4 DQ 2 FOR MORE CLASSES
VISIT www.acc422nerd.com What is a
contingency? Why are contingencies important to
users of financial statements? What are the
criteria for recording contingencies?
20ACC 422 NERD Enthusiastic Study
ACC 422 Week 4 DQ 3 FOR MORE CLASSES
VISIT www.acc422nerd.com What is a bond? What
are some features of a bond? How do you value
bonds? What factors can affect that value?
21ACC 422 NERD Enthusiastic Study
ACC 422 Week 4 Team Assignment Financial
Scavenger Hunt 3 FOR MORE CLASSES
VISIT www.acc422nerd.com 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
22ACC 422 NERD Enthusiastic Study
ACC 422 Week 5 DQ 1 FOR MORE CLASSES
VISIT www.acc422nerd.com 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
23ACC 422 NERD Enthusiastic Study
ACC 422 Week 5 DQ 2 FOR MORE CLASSES
VISIT www.acc422nerd.com What are the criteria
for classifying a lease as operating or
capital? Why is there a difference between the
two?
24ACC 422 NERD Enthusiastic Study
ACC 422 Week 5 DQ 3 FOR MORE CLASSES
VISIT www.acc422nerd.com 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?
25ACC 422 NERD Enthusiastic Study
ACC 422 Week 5 DQ 4 FOR MORE CLASSES
VISIT www.acc422nerd.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
26ACC 422 NERD Enthusiastic Study
ACC 422 Week 5 Learning Team Problem
Presentation FOR MORE CLASSES
VISIT www.acc422nerd.com Collaborate 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
27ACC 422 NERD Enthusiastic Study / acc422nerd.com