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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 – PowerPoint PPT presentation

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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)
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 transactionsJune2
Gordon received 55,000 cash and issued common
stock to the stockholders.
3
ACCT 504 Course Inspiring Minds/ tutorialrank.com
ACCT 504 Case Study 2 (Williams Oil)
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)
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 Case Study 3 (Wang Appliance Store)
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
6
ACCT 504 Course Inspiring Minds/ tutorialrank.com
ACCT 504 Course Project Analysis of Nike, Inc.
and Under Armour, Inc.
Course Project A Financial Statement Analysis A
Comparative Analysis of Nike, Inc. and Under
Armour, Inc. Below is the link for the
financial statements for Nike, Inc. for the
fiscal year ending 2014. First, select 2014using
the drop-down arrow labeled Year, and then select
Annual Filings using the drop-down arrow labeled
All.
7
ACCT 504 Course Inspiring Minds/ tutorialrank.com
ACCT 504 Course Project Oracle and Microsoft
Corporation
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.
8
ACCT 504 Course Inspiring Minds/ tutorialrank.com
ACCT 504 Entire Course (Includes All DQs,
Project, Case Study, Midterm, Final)
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
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ACCT 504 Course Inspiring Minds/ tutorialrank.com
ACCT 504 Entire Course (Includes All DQs,
Project, Case Study, Midterm, Final) (DEVRY)
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 ACCT 504 Week 5 Case Study 2
Internal Control - LJB Company
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ACCT 504 Course Inspiring Minds/ tutorialrank.com
ACCT 504 Final Exam (3 different finals)
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
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ACCT 504 Course Inspiring Minds/ tutorialrank.com
ACCT 504 Final Exam Guide (2 Set, New 2017)
Question 1.1. (TCO D) Please describe the purpose
of the Income Statement and the interrelationship
between the income statement and the other major
financial statements that we covered in this
class. In your answer, please also address which
financial statements should be created before the
Income Statement, if any, and which financial
statements need to be completed after the Income
Statement, if any. (Points 25)
12
ACCT 504 Course Inspiring Minds/ tutorialrank.com
ACCT 504 Final Exam (3 different finals) (DEVRY)
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
13
ACCT 504 Course Inspiring Minds/ tutorialrank.com
ACCT 504 Midterm Exam (4 Sets, 2017)
his Tutorial contains 4 Set of Midterm Exam
1. Question (TCOs A and E) Your friend, Ellen,
has hired you to evaluate the following internal
control procedures. Explain to your friend
whether each of the numbered items below is an
internal control strength or weakness. You must
also state which internal control procedure
relates to each of the internal controls.
14
ACCT 504 Course Inspiring Minds/ tutorialrank.com
ACCT 504 Week 1 Homework (E117A E129B E22A E123A
E124A)
E 1-17A CoffeeShop Doughnuts has current assets
of 280 million property, plant, and equipment
of 430 million and other assets totaling 170
million. Current liabilities are 170 million and
long-term liabilities total 300 million. 1.
Use these data to write CoffeeShop Doughnuts
accounting equation.
2. How
much in resources does CoffeeShop have to work
with?
15
ACCT 504 Course Inspiring Minds/ tutorialrank.com
ACCT 504 Week 1-7 All Discussion Questions
(DEVRY)
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
16
ACCT 504 Course Inspiring Minds/ tutorialrank.com
ACCT 504 Week 1-7 All Discussion Questions
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
17
ACCT 504 Course Inspiring Minds/ tutorialrank.com
ACCT 504 Week 2 Homework (E2-17A, E2-18A, E3-22A,
E3-23A)
This Tutorial contains Excel Files which can be
used to solve for any values (your Question may
have different company name or values, but that
can be solved using Excel file) E2-17A Dr
Anna Grayson opened a medical practice
specializing in physical therapy. During the
first month of operation (May), the business,
titled. Anna Grayson, Professional Corporation
(P.C.), experienced the following events 1.
Record the transactions in the journal of Dr.
Anna Grayson, P.C. List the transactions by date
and give an explanation for each transaction
18
ACCT 504 Course Inspiring Minds/ tutorialrank.com
ACCT 504 Week 3 Case Study 1 (Melvin Plumbing
Corporation) New
MAKE SURE TO COMPLETE ALL REQUIREMENTS WHICH ARE
LISTED BELOW. There are 10 sheets in
the Workbook, including this one. All of
the information that you need for the project is
located in this Workbook. Requirement 1
During its first month of operation, the Melvin
Plumbing Corporation, which specializes in
residential plumbing,
19
ACCT 504 Course Inspiring Minds/ tutorialrank.com
ACCT 504 Week 3 Case Study 1 (Melvin Plumbing
Corporation) New
MAKE SURE TO COMPLETE ALL REQUIREMENTS WHICH ARE
LISTED BELOW. There are 10 sheets
in the Workbook, including this one. All
of the information that you need for the project
is located in this Workbook. Requirement 1
20
ACCT 504 Course Inspiring Minds/ tutorialrank.com
ACCT 504 Week 3 Case Study 1 Flower Landscaping
Corporation
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. All of the Information you need for the
Project is located in this Workbook.
21
ACCT 504 Course Inspiring Minds/ tutorialrank.com
ACCT 504 Week 3 Quiz
Q -1 Other comprehensive income A. includes
extraordinary gains and losses. B. affects
earnings per share. C. includes unrealized
gains and losses on available-for-sale
investments.
22
ACCT 504 Course Inspiring Minds/ tutorialrank.com
ACCT 504 Week 4 Midterm Exam (New)
Question 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 considered
internal users.
23
ACCT 504 Course Inspiring Minds/ tutorialrank.com
ACCT 504 Week 4 Midterm Exam Set 1 (DEVRY)
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
24
ACCT 504 Course Inspiring Minds/ tutorialrank.com
ACCT 504 Week 4 Midterm Set 3 (DEVRY)
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
25
ACCT 504 Course Inspiring Minds/ tutorialrank.com
ACCT 504 Week 4 Quiz
Q -1 Anderson Company had the following
information in 20142014. Accounts receivable
12/31/14. . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . 14,000
Allowance for uncollectible account 12/31/14
(before adjustment). . . . . . . 850 Credit
sales during 2014. . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . .

26
ACCT 504 Course Inspiring Minds/ tutorialrank.com
ACCT 504 Week 5 Case Study 2 Internal Control -
LJB Company
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.
27
ACCT 504 Course Inspiring Minds/ tutorialrank.com
ACCT 504 Week 5 Case Study 2 Internal Control -
LJB Company (DEVRY)
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.
28
ACCT 504 Course Inspiring Minds/ tutorialrank.com
ACCT 504 Week 5 Course Project Draft Spreadsheet
ACCT-504 Week 5 Course Project Draft Spreadsheet
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ACCT 504 Course Inspiring Minds/ tutorialrank.com
ACCT 504 Week 5 Homework (E7-15A, E7-19A, E8-20A,
E9-23A, E9-29A)
This Tutorial contains Excel Files which can be
used to solve for any values (your Question may
have different company name or values, but that
can be solved using Excel file) E 7-15A
Potvin Self Storage purchased land, paying
175,000 cash as a down payment and signing a
185,000 note payable for the balance. Potvin
also had to pay delinquent property tax of
5,500, title insurance costing 3,000, and
2,000 to level the land and remove an unwanted
building. The company paid
30
ACCT 504 Course Inspiring Minds/ tutorialrank.com
ACCT 504 Week 6 Case Study 3 - Cash Budgeting -
LBJ Company
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 April May June
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ACCT 504 Course Inspiring Minds/ tutorialrank.com
ACCT 504 Week 6 Case Study 3 - Cash Budgeting -
LBJ Company (DEVRY)
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
32
ACCT 504 Course Inspiring Minds/ tutorialrank.com
ACCT 504 Week 6 Homework (E10-19A, E10-25A,
E12-16A, E12-20A)
This Tutorial contains Excel Files which can be
used to solve for any values (your Question may
have different company name or values, but that
can be solved using Excel file) E10-19A Army
Navy Sporting Goods is authorized to issue 10,000
shares of common stock. During a two-month
period, Army Navy completed these stock-issuance
transactions Apr 23 Issued 3,000 shares of
1.00 par common stock for cash of 13.00 per
share.
33
ACCT 504 Course Inspiring Minds/ tutorialrank.com
ACCT 504 Week 7 Course Project JCP Kohls
ACCT-504 Week 7 Course Project JCP Kohls
34
ACCT 504 Course Inspiring Minds/ tutorialrank.com
ACCT 504 Week 7 Course Project JCP Kohls
ACCT-504 Week 7 Course Project JCP Kohls
35
ACCT 504 Course Inspiring Minds/ tutorialrank.com
The Best way to predict the Future is to create
it.....To Best way....
www.tutorialrank.com
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