ACC 422 Expect Success/newtonhelp.com

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ACC 422 Expect Success/newtonhelp.com
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ACC 422 Expect Success/newtonhelp.com

• ACC 422 Final Exam Guide (New 2018, With EXCEL
  FILE, Score 29/30)
• For more course tutorials visit
• www.newtonhelp.com
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•  
•  
• This Tutorial contains excel File which can be
  used to solve for any change in values
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•  
• Brief Exercise 7-1
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• Brief Exercise 7-7
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• Brief Exercise 7-14
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ACC 422 Expect Success/newtonhelp.com

• ACC 422 Final Exam Guide 1
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• www.newtonhelp.com
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• 1. Kraft Enterprises owns the following assets at 
  December 31, 2012.
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• Cash in banksavings account
• 67,516
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• Checking account balance
• 26,445
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ACC 422 Expect Success/newtonhelp.com

• ACC 422 Final Exam Guide 2
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• SET 2
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• 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 Expect Success/newtonhelp.com

• ACC 422 Final Exam Guide 3
• For more course tutorials visit
• www.newtonhelp.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 be
  included in the Cash caption on the balance sheet?

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ACC 422 Expect Success/newtonhelp.com

• ACC 422 Final Exam Guide All 3 Sets
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• 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 Expect Success/newtonhelp.com

• ACC 422 Week 1 DQ 1
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• Week 1 DQ 1
• 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.

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ACC 422 Expect Success/newtonhelp.com

• ACC 422 Week 1 DQ 2
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• Week 1 DQ 2
• 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 Expect Success/newtonhelp.com

• ACC 422 Week 1 DQ 3
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• Week 1 DQ 3
• 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 Expect Success/newtonhelp.com

• ACC 422 Week 1 Individual Assignment Disclosure
  Analysis Paper (2 Papers)
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• This Tutorial contains 2 Papers
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• Resource Internet
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• Select a publicly held company to use as the
  basis for this assignment.
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• Research your selected company and acquire the
  companys most recent financial statements using
  the Internet.

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ACC 422 Expect Success/newtonhelp.com

• ACC 422 Week 1 Team Assignment Audited Financial
  Statements (Nordstrom Inc.)
• For more course tutorials visit
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•  
•  
• 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.

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ACC 422 Expect Success/newtonhelp.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)
• For more course tutorials visit
• www.newtonhelp.com
•  
•  
•  
• 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
•          Exercise 7-9
•          Exercise 7-22

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ACC 422 Expect Success/newtonhelp.com

• ACC 422 Week 2 DQ 1
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• Week 2 DQ 1
• 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 Expect Success/newtonhelp.com

• ACC 422 Week 2 DQ 2
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• Week 2 DQ 2
• 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 Expect Success/newtonhelp.com

• ACC 422 Week 2 DQ 3
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• Week 2 DQ 3
• 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 Expect Success/newtonhelp.com

• ACC 422 Week 2 Learning Team Assignment (New
  Syllabus)
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•  
•  
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• Complete the following three deliverables for
  this assignment as a team
• 1. The Financial Reporting, Procter Gamble
  Company, p. 379.
• 2. The Financial Statement Analysis Cases, Case
  1 Occidental Petroleum Corporation, p. 379.
• 3. Problem 7-6, p. 374
• Compile all team members input.
• Click the Assignment Files tab to submit your
  assignment.

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ACC 422 Expect Success/newtonhelp.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)
• For more course tutorials visit
• www.newtonhelp.com
•  
•  
•  
• This Tutorial contains Excel File which can be
  used to solve for any values
•  
•  
• Complete the following assignments i
• Exercise 8-2
• Exercise 8-9 (Part Level Submission)
• Exercise 8-12 (Part Level Submission)

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ACC 422 Expect Success/newtonhelp.com

• ACC 422 Week 3 DQ 1
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• www.newtonhelp.com
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• Week 3 DQ 1
• 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 Expect Success/newtonhelp.com

• ACC 422 Week 3 DQ 2
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• Week 3 DQ 2
• 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 Expect Success/newtonhelp.com

• ACC 422 Week 3 DQ 3
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• Week 3 DQ 3
• 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 Expect Success/newtonhelp.com

• ACC 422 Week 3 DQ 4
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• ACC 422 Week 3 DQ 4

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ACC 422 Expect Success/newtonhelp.com

• ACC 422 Week 3 Team Assignment (Case 3, CA 8-10,
  Problem 9-3, Problem 9-13)
• For more course tutorials visit
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•  
• Complete the following four deliverables for this
  assignment as a team
• 1. Case 3 The Kroger Company, p. 440
• Complete the following individually and discuss
  your individual answers as a team
• 1. CA 8-10, p. 437
• 2. Problem 9-3, p. 483
• 3. Problem 9-13, p. 487

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ACC 422 Expect Success/newtonhelp.com

• ACC 422 Week 3 Wileyplus BE 10-10, Ex 10-3, Ex
  10-13, Ex 11-6 Ex 11-15, Ex 11-24, Ex 12-1, Ex
  12-4, Ex 12-14 (with Excel File)
• For more course tutorials visit
• www.newtonhelp.com
•  
•  
•  
• This Tutorial contains Excel File which can be
  used to solve for any values 
•  
• Complete the following assignments in WileyPLUS
• Brief Exercise 10-10
• Exercise 10-3
• Exercise 10-13
• Exercise 11-6

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ACC 422 Expect Success/newtonhelp.com

• ACC 422 Week 4 DQ 1
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• www.newtonhelp.com
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• Week 4 DQ 1
• 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 Expect Success/newtonhelp.com

• ACC 422 Week 4 DQ 2
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• Week 4 DQ 2
• What is a contingency?
• Why are contingencies important to users of
  financial statements?
• What are the criteria for recording
  contingencies?
• Should companies record a liability for
  threatened litigation? Explain why or why not.

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ACC 422 Expect Success/newtonhelp.com

• ACC 422 Week 4 DQ 3
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• Week 4 DQ 3
• 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 Expect Success/newtonhelp.com

• ACC 422 Week 4 Team Assignment Problem 10-4,
  Problem 10-6, CA 11-5, Problem 12-2
• For more course tutorials visit
• www.newtonhelp.com
•  
•  
•  
• Complete the following individually and discuss
  your individual answers as a team
• Problem 10-4, p. 543
• Problem 10-6, p. 544
• CA 11-5, p. 597
• Problem 12-2, p. 644
• After discussing your answers, compile each into
  a team response.
• Click the Assignment Files tab to submit your
  assignment.

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ACC 422 Expect Success/newtonhelp.com

• ACC 422 Week 4 WileyPlus Ex 13-2, Ex 13-7, Ex
  13-16, Ex 14-4, Ex 14-6, Ex 14-9, Problem 14-2
  (With Excel File)
• For more course tutorials visit
• www.newtonhelp.com
•  
•  
•  
• Complete the following assignments in WileyPLUS
• Exercise 13-2 (Part Level Submission)
• Exercise 13-7 (Part Level Submission)
• Exercise 13-16
• Exercise 14-4
• Exercise 14-6

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ACC 422 Expect Success/newtonhelp.com

• ACC 422 Week 5 DQ 1
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•  
• Week 5 DQ 1
• 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 Expect Success/newtonhelp.com

• ACC 422 Week 5 DQ 2
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• Week 5 DQ 2
• 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 Expect Success/newtonhelp.com

• ACC 422 Week 5 DQ 3
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• Week 5 DQ 3
• 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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ACC 422 Expect Success/newtonhelp.com

• ACC 422 Week 5 DQ 4
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•  
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• 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?

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ACC 422 Expect Success/newtonhelp.com

• ACC 422 week 5 Learning Team Problem Presentation
• For more course tutorials visit
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•  
•  
• 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 PowerPoi
  nt presentation illustrating your teams
  solution to the assigned problem.
•  
• Note. Each week, the facilitator assigns one
  Learning Team a problem to present that the team
  must complete during the succeeding Learning Team
  Meeting. 

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ACC 422 Expect Success/newtonhelp.com

• ACC 422 Week 5 Signature Assignment Presentation
  (Procter and Gamble)
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•  
•  
•  
• Create a 5- to 10-slide presentation and use the
  same publicly traded company selected in Week 2
  to address the following
• Be sure to use the most recent SEC 10-k or
  Annual report.
• Identify the Company's current liabilities for
  the past two years?
• Compare the current portion of long-term debt
  for the past two years?

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ACC 422 Expect Success/newtonhelp.com

• ACC 422 Week 5 Team Assignment Problem 13-7,
  13-11, CA 13-3, CA 14-1, CA 14-4, CA 21-4
• For more course tutorials visit
• www.newtonhelp.com
•  
•  
•  
• Complete the following individually and discuss
  your individual answers as a team
• Problem 13-7, p. 700
• Problem 13-11, p. 701
• CA 13-3, p. 703
• CA 14-1, p. 763

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ACC 422 Expect Success/newtonhelp.com