ACC 492 Competitive Success--snaptutorial.com

1
ACC 492 Competitive Success/snaptutorial.com
2
ACC 492 Competitive Success/snaptutorial.com
ACC 492 Week 1 Current Issue Summary   For more
classes visits www.snaptutorial.com     ACC 492
Week 1 Current Issue Summary Write a 175- to
350-word summary. Research a recent article on
sampling as it relates to financial statement
auditing. Apply what you learn to your future or
current job. Click the Assignment Files tab to
submit your assignment in a Microsoft Word
document      
3
ACC 492 Competitive Success/snaptutorial.com
ACC 492 Week 1 DQ 1   For more classes
visits www.snaptutorial.com       What account
balances are included in a revenue and collection
cycle? What specific control procedures should be
in place and operating in internal control
governing revenue recognition and cash
accounting? What assertions are made about
classes of transactions and events in the revenue
and collection cycle?    
4
ACC 492 Competitive Success/snaptutorial.com
ACC 492 Week 1 DQ 2   For more classes
visits www.snaptutorial.com       Why is it
important to place emphasis on the existence and
rights (ownership) assertions when auditing
accounts receivable? Which audit procedures are
usually the most useful for auditing the
existence and rights assertions? What analytical
procedures might be informative regarding the
existence assertion?    
5
ACC 492 Competitive Success/snaptutorial.com
ACC 492 Week 2 Current Issue Summary Auditing
Cash, Financial Instruments, Sales, or
Receivables   For more classes
visits www.snaptutorial.com     ACC 492 Week 2
Current Issue Summary Write a 175- to 350-word
summary. Research a recent article on auditing
cash, financial instruments, sales, or
receivables. Apply what you learn to your future
or current job. Click the Assignment Files tab to
submit your assignment in a Microsoft Word
document    
6
ACC 492 Competitive Success/snaptutorial.com
ACC 492 Week 2 DQ 1   For more classes
visits www.snaptutorial.com             How might
a purchasing manager use his or her position to
defraud the company? What can be done to prevent
it? Where could an auditor look to find evidence
of losses on purchase commitments and unrecorded
liabilities to vendors?    
7
ACC 492 Competitive Success/snaptutorial.com
ACC 492 Week 2 DQ 2   For more classes
visits www.snaptutorial.com         Why does the
auditor examine travel and entertainment
expenses? What would poor controls regarding
executive reimbursements say about the tone at
the top for purposes of evaluating and reporting
on internal control? How might the auditor
effectively use analytical procedures in the
audit of various expense accounts,    
8
ACC 492 Competitive Success/snaptutorial.com
ACC 492 Week 2 Textbook Problem 23-20, 14-26  
For more classes visits www.snaptutorial.com    
23-20 (Objectives 23-3, 23-4) The following are
misstatements that might be found in the client's
year-end cash balance (assume that the balance
sheet date is June 30) 1.The outstanding
checks on the June 30 bank reconciliation were
underfooted by 2,000. 2.A loan from the bank
on June 26 was credited directly to the client's
bank account. The loan was not entered as of June
30.    
9
ACC 492 Competitive Success/snaptutorial.com
ACC 492 Week 3 Current Issue Summary Auditing
Inventory, Warehouse, or Payroll Cycles   For
more classes visits www.snaptutorial.com   ACC
492 Week 3 Current Issue Summary Auditing
Inventory, Warehouse, or Payroll Cycles   Write a
525- to 700-word summary. Research a recent
article on auditing inventory, warehousing, or
payroll. Apply what you learn to your future or
current job. Click the Assignment Files tab to
submit your assignment in a Microsoft Word
document      
10
ACC 492 Competitive Success/snaptutorial.com
ACC 492 Week 3 DQ 1   For more classes
visits www.snaptutorial.com   What internal
control components are common among long-term
assets, liabilities, and equity accounts? What
components are unique to each? How can an auditor
assess these controls          
11
ACC 492 Competitive Success/snaptutorial.com
ACC 492 Week 3 DQ 2   For more classes
visits www.snaptutorial.com   What are the key
management assertions related to equity? What are
the most important assertions related equity? How
will auditors test these assertions?    
12
ACC 492 Competitive Success/snaptutorial.com
ACC 492 Week 3 Team Assignment Inventory,
Warehousing, and Payroll accounts and cycles
(Walmart, 2000 Words)   For more classes
visits www.snaptutorial.com     Inventory,
Warehousing, and Payroll accounts and
cycles Consider and discuss the specific risks
and nature of the company you will be auditing
and create comprehensive work programs for the
Inventory, Warehousing, and Payroll accounts and
cycles. Submit a 700- to 1,050-word document that
includes the following    
13
ACC 492 Competitive Success/snaptutorial.com
ACC 492 Week 3 textbook assignment 20-20,
21-21   For more classes visits www.snaptutorial
.com     ACC 492 Week 3 textbook
assignment   20-20 (Objectives 20-2, 20-3)
Following are some of the tests of controls and
substantive tests of transactions procedures
often performed in the payroll and personnel
cycle. (Each procedure is to be done on a sample
basis or using audit software.)  
14
ACC 492 Competitive Success/snaptutorial.com
ACC 492 Week 4 Current Issue Summary auditing
acquisitions, payments, property plant and
equipment   For more classes visits www.snaptuto
rial.com     ACC 492 Week 4 Current Issue
Summary Write a 525- to 700-word
summary. Research a recent article on auditing
acquisitions, payments, property plant and
equipment (fixed assets), notes payable, or
owners equity. Apply what you learn to your
future or current job.    
15
ACC 492 Competitive Success/snaptutorial.com
ACC 492 Week 4 DQ 1   For more classes
visits www.indigohelp.com     What are the steps
that are required for an auditor to finalize the
audit? Which steps are the most crucial to the
outcome of the audit? How will these steps affect
the final audit decision?    
16
ACC 492 Competitive Success/snaptutorial.com
ACC 492 Week 4 DQ 2   For more classes
visits www.indigohelp.com     What types of
opinions does an auditor issue other than
unqualified? How does an opinion other than
unqualified affect the client? In your opinion,
which is the worst? What are the circumstances
that warrant each type of opinion?
17
ACC 492 Competitive Success/snaptutorial.com
ACC 492 Week 4 Team Assignment Acquisition,
Payment, Property Plant, and Equipment Notes
Payable and Owners Equity and cycles
(Walmart)   For more classes visits www.snaptuto
rial.com     ACC 492 Week 4 Team
Assignment Consider and discuss the specific
risks and nature of the company you will be
auditing and create comprehensive work programs
for the Acquisition, Payment, Property Plant, and
Equipment (Fixed Assets), Notes Payable and
Owners Equity accounts and cycles. Submit a 700-
to 1,050-word document that includes the
following    
18
ACC 492 Competitive Success/snaptutorial.com
ACC 492 Week 4 Textbook Problem 18-26   For
more classes visits www.snaptutorial.com     18-26
(Objectives 18-3, 18-4) In testing cash
disbursements for the Jay Klein Company, you
obtained an understanding of internal control.
The controls are reasonably good, and no unusual
audit problems arose in previous years. Although
there are not many individuals in the accounting
department, there is a reasonable separation of
duties in the organization.  
19
ACC 492 Competitive Success/snaptutorial.com
ACC 492 Week 5 Assignment importance of
considering contingent liabilities, letters from
client lawyers (Walmart)   For more classes
visits www.snaptutorial.com   ACC 492 Week 5
Learning Team Assignment You and your team have
completed your fieldwork and have a handful of
other considerations before you complete the
audit and issue your report. These activities are
designed to ensure nothing significant has
occurred between the completion of your fieldwork
and the issuing of the audit report. You are
assigned as a senior on the staff, in line to be
promoted to manager, to instruct the other staff
on the importance of considering contingent
liabilities, letters from client lawyers, and
subsequent events.    
20
ACC 492 Competitive Success/snaptutorial.com
ACC 492 Week 5 Final Audit Paper (Walmart)  
For more classes visits www.snaptutorial.com    
ACC 492 Week 5 Final Paper Review the Form 10-K
for the company selected for team
assignments. Write a 1,050- to 1,400-word paper
on the following 1. Managements Report on
Internal Control Over Financial Reporting 2. The
Independent Registered Public Accounting Firms
Report on Internal Control Over Financial
Reporting    
21
ACC 492 Competitive Success/snaptutorial.com