ACC 556 OUTLET Lifetime Success / acc556outlet.com

1
ACC 556 OUTLET Lifetime Success / acc556outlet.com
2
ACC 556 OUTLET Lifetime Success / acc556outlet.com
ACC 556 All Chapter Quizzes FOR MORE CLASSES
VISIT www.acc556outlet.com Please check the
details of Quizzes given under our product
section individually (all questions are mentioned
there)  ACC 556 Chapter 1 Quiz (100 Score)ACC
556 Chapter 2 Quiz (100 Score)ACC 556 Chapter 3
Quiz (100 Score)ACC 556 Chapter 4 Quiz (100
Score)ACC 556 Chapter 5 Quiz (100 Score)ACC
556 Chapter 6 Quiz (100 Score)ACC 556 Chapter 7
Quiz (100 Score)
3
ACC 556 OUTLET Lifetime Success / acc556outlet.com
ACC 556 Chapter 1 Quiz (100 Score) FOR MORE
CLASSES VISIT www.acc556outlet.com Chapter 1
Quiz Question 1 A business organized as a
separate legal entity owned by stockholders is a
partnership.
4
ACC 556 OUTLET Lifetime Success / acc556outlet.com
ACC 556 Chapter 2 Quiz (100 Score) FOR MORE
CLASSES VISIT www.acc556outlet.com Chapter 2
Quiz Question 1   Cash and supplies are both
classified as current assets.
5
ACC 556 OUTLET Lifetime Success / acc556outlet.com
ACC 556 Chapter 3 Quiz (100 Score) FOR MORE
CLASSES VISIT www.acc556outlet.com Chapter 3
Quiz  Question 1 Economic events that require
recording in the financial statements are called
accounting transactions  Question 2 An account
is often referred to as a T-account because of
the way it is constructed.
6
ACC 556 OUTLET Lifetime Success / acc556outlet.com
ACC 556 Chapter 4 Quiz (100 Score) FOR MORE
CLASSES VISIT www.acc556outlet.com Chapter 4
Quiz Question 1 The revenue recognition principle
dictates that revenue be recognized in the
accounting period in which the performance
obligation is satisfied.
7
ACC 556 OUTLET Lifetime Success / acc556outlet.com
ACC 556 Chapter 5 Quiz (100 Score) FOR MORE
CLASSES VISIT www.acc556outlet.com Chapter 5
Quiz   Question 1   An advantage of using the
periodic inventory system is that it requires
less record keeping than the perpetual inventory
system.
8
ACC 556 OUTLET Lifetime Success / acc556outlet.com
ACC 556 Chapter 6 Quiz (100 Score) FOR MORE
CLASSES VISIT www.acc556outlet.com Chapter 6
Quiz Question 1   Raw materials inventories are
the goods that a manufacturing company has
completed and are ready to be sold to customers.
9
ACC 556 OUTLET Lifetime Success / acc556outlet.com
ACC 556 Chapter 7 Quiz (100 Score) FOR MORE
CLASSES VISIT www.acc556outlet.com Chapter 7
Quiz Question 1  The most important element of
the fraud triangle is rationalization. Question
2  Requiring employees to take vacations is a
weakness in the system of internal controls
because it does not promote operational
efficiency. Question 3
10
ACC 556 OUTLET Lifetime Success / acc556outlet.com
ACC 556 Chapter 8 Quiz (100 Score) FOR MORE
CLASSES VISIT www.acc556outlet.com Chapter 8
Quiz Question 1   An aging of accounts receivable
schedule is based on the premise that the longer
the period an account remains unpaid, the greater
the probability that it will eventually be
collected.
11
ACC 556 OUTLET Lifetime Success / acc556outlet.com
ACC 556 Chapter 9 Quiz (100 Score) FOR MORE
CLASSES VISIT www.acc556outlet.com Chapter 9
Quiz Question 1   The statement of cash flows is
a required statement that must be prepared along
with an income statement, balance sheet, and
retained earnings statement.
12
ACC 556 OUTLET Lifetime Success / acc556outlet.com
ACC 556 Chapter 10 Quiz (100 Score) FOR MORE
CLASSES VISIT www.acc556outlet.com Chapter 10
Quiz Question 1   A current liability must be
paid out of current earnings.
13
ACC 556 OUTLET Lifetime Success / acc556outlet.com
ACC 556 Chapter 11 Quiz (100 Score) FOR MORE
CLASSES VISIT www.acc556outlet.com Chapter 11
Quiz   Question 1   A current liability must be
paid out of current earnings.
14
ACC 556 OUTLET Lifetime Success / acc556outlet.com
ACC 556 Chapter 12 Quiz (100 Score) FOR MORE
CLASSES VISIT www.acc556outlet.com Chapter 12
Quiz Question 1   The statement of cash flows is
a required statement that must be prepared along
with an income statement, balance sheet, and
retained earnings statement.
15
ACC 556 OUTLET Lifetime Success / acc556outlet.com
ACC 556 Chapter 13 Quiz (100 Score) FOR MORE
CLASSES VISIT www.acc556outlet.com Chapter 13
Quiz 1.    Price-earnings ratio2.    Return on
assets3.    Accounts receivable turnover ratio
16
ACC 556 OUTLET Lifetime Success / acc556outlet.com
ACC 556 Chapter 21 Quiz (100 Score) FOR MORE
CLASSES VISIT www.acc556outlet.com Chapter 21
Quiz Question 1   A benefit of budgeting is that
it provides definite objectives for evaluating
performance. Question 2   Effective budgeting
requires clearly defined lines of authority and
responsibility.
17
ACC 556 OUTLET Lifetime Success / acc556outlet.com
ACC 556 Chapter 22 Quiz (100 Score) FOR MORE
CLASSES VISIT www.acc556outlet.com Chapter 22
Quiz Question 1   Budget reports comparing actual
results with planned objectives should be
prepared only once a year.
18
ACC 556 OUTLET Lifetime Success / acc556outlet.com
ACC 556 Crooked Scenario 2 Part 1 FOR MORE
CLASSES VISIT www.acc556outlet.com Shortly after
you completed your work of unpacking all the
players in the CrookEd Partners drama and
identifying all potential fraudulent activity
that had been relayed to you (Week One Scenario
Assignment), your secretary came into your office
and said you had a visitor. 
19
ACC 556 OUTLET Lifetime Success / acc556outlet.com
ACC 556 Final Part 1 (100 Correct Answers)
FOR MORE CLASSES VISIT www.acc556outlet.com Final
  Part 1 Question 1  Under the corporate form of
business organization Question 2 Accountants do
not attempt to measure the change in a plant
asset's market value during ownership because
20
ACC 556 OUTLET Lifetime Success / acc556outlet.com
ACC 556 Final Part 1 and 2 FOR MORE CLASSES
VISIT www.acc556outlet.com Final  Part 1 Question
1   Under the corporate form of business
organization Question 2   Accountants do not
attempt to measure the change in a plant asset's
market value during ownership because
21
ACC 556 OUTLET Lifetime Success / acc556outlet.com
ACC 556 Final Part 2 (100 Correct Answers)
FOR MORE CLASSES VISIT www.acc556outlet.com Final
  Part 2 Question 1   A manager of a cost center
is evaluated mainly on
22
ACC 556 OUTLET Lifetime Success / acc556outlet.com
ACC 556 Midterm Part 1 (100 Correct Answers)
FOR MORE CLASSES VISIT www.acc556outlet.com ACC 5
56 - Midterm part 1   Question 1 Source document
s can provide evidence that a transaction has occu
rred   Question 2 Expense recognition is tied to
 revenue recognition.
23
ACC 556 OUTLET Lifetime Success / acc556outlet.com
ACC 556 Midterm Part 1 and 2 FOR MORE CLASSES
VISIT www.acc556outlet.com ACC 556 - Midterm part 
1 Question 1 Source documents can provide eviden
ce that a transaction has occurred  
Question 2 Expense recognition is tied to revenue 
recognition.
24
ACC 556 OUTLET Lifetime Success / acc556outlet.com
ACC 556 Midterm Part 2 (100 Correct Answers)
FOR MORE CLASSES VISIT www.acc556outlet.com ACC
556 - Midterm part 2 Question 1?Which of these
would cause the inventory turnover ratio to
increase the most?
25
ACC 556 OUTLET Lifetime Success / acc556outlet.com
ACC 556 Week 1 Crooked Scenario 1 FOR MORE
CLASSES VISIT www.acc556outlet.com ACC 556 Week 1
Crooked Scenario 1
26
ACC 556 OUTLET Lifetime Success / acc556outlet.com
ACC 556 Week 1 Sherlock Homes FOR MORE CLASSES
VISIT www.acc556outlet.com ACC 556 Week 1
Sherlock Homes
27
ACC 556 OUTLET Lifetime Success / acc556outlet.com
ACC 556 Week 1 Short Answer Quiz FOR MORE
CLASSES VISIT www.acc556outlet.com INDIVIDUAL
ASSIGNMENT Complete the Week 1 Short Answer
Quiz. Click the Assignment Files tab to submit
your assignment as a Microsoft Word document. 1.
What is the Association of Certified Fraud
Examiners (ACEF) and what do they do?
28
ACC 556 OUTLET Lifetime Success / acc556outlet.com
ACC 556 WEEK 3 Assessing the Impact of Asset
Misappropriation FOR MORE CLASSES
VISIT www.acc556outlet.com INDIVIDUAL
ASSIGNMENT Write a 1,050 word paper on the impact
of asset misappropriation on an organization of
your choice. Include the following as headings
for your paper
29
ACC 556 OUTLET Lifetime Success / acc556outlet.com
ACC 556 Week 3 Crooked Scenario 3 FOR MORE
CLASSES VISIT www.acc556outlet.com 1. Define and
describe Theft Act Investigative Methods. 2. What
is a Vulnerability Chart and how, when and why is
it used? 3. Define Invigilation and discuss how,
when and why it is used.
30
ACC 556 OUTLET Lifetime Success / acc556outlet.com
ACC 556 Week 4 Impact of Corruption FOR MORE
CLASSES VISIT www.acc556outlet.com Write a
1,250-1,400-word paper on the impact of
corruption on an organization of your choice in
APA format with in-text citations and
references. Include the following          Who
committed this corruption?          Why did they
commit this corruption?
31
ACC 556 OUTLET Lifetime Success / acc556outlet.com
ACC 556 Week 5 Comparing the Impact FOR MORE
CLASSES VISIT www.acc556outlet.com ACC 556 Week 5
Comparing the Impact
32
ACC 556 OUTLET Lifetime Success / acc556outlet.com
ACC 556 Week 5 Crooked Scenario 5 FOR MORE
CLASSES VISIT www.acc556outlet.com ACC 556 Week 5
Crooked Scenario 5
33
ACC 556 OUTLET Lifetime Success / acc556outlet.com
ACC 556 Week 5 Memorandum Proactive Method of
Fraud Detection FOR MORE CLASSES
VISIT www.acc556outlet.com INDIVIDUAL
ASSIGNMENT Write a 600-800 word memo to your
accounting committee on fraud detection
discussing the 6 steps of the Proactive Method of
Fraud Detection found in figure 6.1 of Chapter
6.  Include methods to gather information about a
business, questions that should be asked, and
examples of fraud symptoms.
34
ACC 556 OUTLET Lifetime Success / acc556outlet.com
ACC 556 Week 6 Assignment 1 Financial Analysis
(4 Papers, Apple, Lowe's, Mc Donalds, Walmart)
FOR MORE CLASSES VISIT www.acc556outlet.com This
Tutorial contains 4 Different Papers (Apple,
Lowe's, Mc Donalds, Walmart) ACC 556 Week 6
Assignment 1 Financial Analysis Assignment
1 Financial Analysis
35
ACC 556 OUTLET Lifetime Success / acc556outlet.com
ACC 556 Week 6 fraud symptoms and mitigation
FOR MORE CLASSES VISIT www.acc556outlet.com INDIV
IDUAL ASSIGNMENT Prepare 7-10 Power Point slides
discussing common business fraud symptoms and
mitigation actions that can be taken to help
deter and detect fraud.  Choose some elements
from Chapter 5 Recognizing the Symptoms of
Fraud to discuss in your presentation keeping
with the theme of the assignment.
36
ACC 556 OUTLET Lifetime Success / acc556outlet.com
ACC 556 Week 6 Short Answer Quiz FOR MORE
CLASSES VISIT www.acc556outlet.com Complete the
Week 6 Short Answer Quiz. Click the Assignment
Files tab to submit your assignment as a
Microsoft Word Document. Copy and paste the
questions  onto a Word document.  Write a brief
response using the information found in Chapter 4
and integrate it with what you have learned in
the course this semester. Submit your assignment
on the Assignments tab.
37
ACC 556 OUTLET Lifetime Success / acc556outlet.com
ACC 556 Week 10 Assignment 2 Budget Planning and
Control (3 Papers) FOR MORE CLASSES
VISIT www.acc556outlet.com This Tutorial contains
3 Different Papers Assignment 2 Budget
Planning and ControlDue Week 10 and worth 160
points
38
ACC 556 OUTLET Lifetime Success / acc556outlet.com