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Suppose you are a CPA hired to represent a client that is currently under examination by the IRS. The client is the president and 95% shareholder of a building supply sales and warehousing business. He also owns – PowerPoint PPT presentation

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Title: ACC 422 Inspiring Communication / snaptutorial.com


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ACC 422 Inspiring Communication / snaptutorial.com
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ACC 422 Inspiring Communication / snaptutorial.com
ACC 422 Entire Course   For more classes
visit www.snaptutorial.com   ACC 422 Week 1 DQ
1 ACC 422 Week 1 DQ 2 ACC 422 Week 1 DQ 3 ACC 422
Week 1 Individual Assignment Disclosure Analysis
Paper (2 Papers)
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ACC 422 Inspiring Communication / snaptutorial.com
ACC 422 Final Exam Guide (New 2019, With EXCEL
FILE, Score 29/30)   For more classes
visit www.snaptutorial.com   This Tutorial
contains excel File which can be used to solve
for any change in values    
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ACC 422 Inspiring Communication / snaptutorial.com
ACC 422 Final Exam Guide 1   For more classes
visit www.snaptutorial.com   1. Kraft Enterprises
owns the following assets at December 31, 2012.
Cash in banksavings account 67,516 Checking
account balance 26,445
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ACC 422 Inspiring Communication / snaptutorial.com
  ACC 422 Final Exam Guide 2   For more classes
visit www.snaptutorial.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
financial reporting purposes?
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ACC 422 Inspiring Communication / snaptutorial.com
ACC 422 Final Exam Guide 3   For more classes
visit www.snaptutorial.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 inc
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ACC 422 Inspiring Communication / snaptutorial.com
ACC 422 Final Exam Guide All 3 Sets   For more
classes visit www.snaptutorial.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 Checking account
balance 26,445
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ACC 422 Inspiring Communication / snaptutorial.com
ACC 422 Week 1 CPA Practice Exam   For more
classes visit www.snaptutorial.com   1. What
amount should Herc report as inventory in its
December 31, 2005, balance sheet? 2. What
dollar-value LIFO inventory cost would be reported
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ACC 422 Inspiring Communication / snaptutorial.com
ACC 422 Week 1 DQ 1   For more classes
visit www.snaptutorial.com   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 Inspiring Communication / snaptutorial.com
ACC 422 Week 1 DQ 2   For more classes
visit www.snaptutorial.com   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 Inspiring Communication / snaptutorial.com
ACC 422 Week 1 DQ 3   For more classes
visit www.snaptutorial.com   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 Inspiring Communication / snaptutorial.com
ACC 422 Week 1 Individual Assignment Disclosure
Analysis Paper (2 Papers)   For more classes
visit www.snaptutorial.com   This Tutorial
contains 2 Papers Resource Internet Select a
publicly held company to use as the basis for
this assignment.
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ACC 422 Inspiring Communication / snaptutorial.com
  ACC 422 Week 1 Individual Assignment Disclosure
Analysis Paper   For more classes
visit www.snaptutorial.com   Resource
Internet     Select a publicly held company to
use as the basis for this assignment.  
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ACC 422 Inspiring Communication / snaptutorial.com
  ACC 422 Week 1 Individual Assignment Disclosure
Analysis Paper   For more classes
visit www.snaptutorial.com   Resource
Internet     Select a publicly held company to
use as the basis for this assignment.  
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ACC 422 Inspiring Communication / snaptutorial.com
ACC 422 Week 1 Individual WileyPlus Assignment
(Exercise 7-2, 7-4, 7-8, 7-9, 7-13, 7-16, 8-3,
8-13) 100 Score   For more classes
visit www.snaptutorial.com   Complete the
following Week 1 Assignment in WileyPLUS
Exercise 7-2 Exercise 7-4 Exercise 7-8 Exercise
7-9
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ACC 422 Inspiring Communication / snaptutorial.com
ACC 422 Week 1 Summary For more classes
visit www.snaptutorial.com   Post a 150 words
summary what you have learned this week    
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ACC 422 Inspiring Communication / snaptutorial.com
ACC 422 Week 1 Team Assignment Audited Financial
Statements (Nordstrom Inc.)   For more classes
visit www.snaptutorial.com   Each team is
assigned a publically traded company that they
will use to answer the questions in the Financial
Scaven
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ACC 422 Inspiring Communication / snaptutorial.com
  ACC 422 Week 2 CPA Practice Exam   For more
classes visit www.snaptutorial.com   1. On June
18, 2005, Dell Printing Co. incurred the
following costs for one of its printing presses

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ACC 422 Inspiring Communication / snaptutorial.com
ACC 422 Week 2 DQ 1   For more classes
visit www.snaptutorial.com   Week 2 DQ 1 Under
what circumstances would a company need to
estimate its inventory?
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ACC 422 Inspiring Communication / snaptutorial.com
ACC 422 Week 2 DQ 2   For more classes
visit www.snaptutorial.com   Week 2 DQ 2 What
are the criteria for capitalization of fixed
assets? What items are included in the cost of a
fix
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ACC 422 Inspiring Communication / snaptutorial.com
ACC 422 Week 2 DQ 3   For more classes
visit www.snaptutorial.com   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?
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ACC 422 Inspiring Communication / snaptutorial.com
ACC 422 Week 2 Individual Assignment E7-2,
E7-8,Q13,E8-5 And E8-14   For more classes
visit www.snaptutorial.com   Resource
Intermediate Accounting   Prepare written
responses to the following assignments from the
text  
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ACC 422 Inspiring Communication / snaptutorial.com
ACC 422 Week 2 Individual WileyPlus Assignment
(Exercise 9-3, 9-12, 9-19, 10-2, 10-23,
10-24)   For more classes visit www.snaptutorial.c
om   Complete the following Week Two Assignment
in WileyPLUS Exercise 9-3 Exercise
9-12 Exercise 9-19 Exercise 10-2 Exercise 10-23
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ACC 422 Inspiring Communication / snaptutorial.com
  ACC 422 Week 2 Learning Team Assignment From
The Text P7-10 And E8-25   For more classes
visit www.snaptutorial.com   Resource
Intermediate Accounting   Prepare written
responses to the following assignments from the
text    
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ACC 422 Inspiring Communication / snaptutorial.com
ACC 422 Week 2 Summary   For more classes
visit www.snaptutorial.com   Post a 150 words
summary what you have learned this
week    

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ACC 422 Inspiring Communication / snaptutorial.com
ACC 422 Week 2 Team Assignment Textbook Problems
(P7-1, P7-2, P8-4) 100 Score   For more classes
visit www.snaptutorial.com   Prepare written
responses to the following assignments from Ch. 7
8 of Intermediate Accounting Problem
7-1 Problem 7-2 Problem 8-4 Click the Assignment
Files tab to submit y
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ACC 422 Inspiring Communication / snaptutorial.com
ACC 422 Week 3 CPA Practice Exam   For more
classes visit www.snaptutorial.com   1. Alta Co.
spent 400,000 during the current year developing
a new idea for a product that was patented during
the year. The legal cost of applying for a patent
license was 40,000. Also, 50,000 was
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ACC 422 Inspiring Communication / snaptutorial.com
  ACC 422 Week 3 DQ 1   For more classes
visit www.snaptutorial.com   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.
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ACC 422 Inspiring Communication / snaptutorial.com
ACC 422 Week 3 DQ 2   For more classes
visit www.snaptutorial.com   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 Inspiring Communication / snaptutorial.com
ACC 422 Week 3 DQ 3   For more classes
visit www.snaptutorial.com   Week 3 DQ 3 What
is an intangible asset?
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ACC 422 Inspiring Communication / snaptutorial.com
ACC 422 Week 3 DQ 4   For more classes
visit www.snaptutorial.com   ACC 422 Week 3 DQ 4
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ACC 422 Inspiring Communication / snaptutorial.com
ACC 422 Week 3 Individual Assignment From the
Text E9-1,E9-12,E9-19,E10-5 And E10-12   For more
classes visit www.snaptutorial.com   Resource
Intermediate Accounting   Prepare written
responses to the following assignments from the
text    
33
ACC 422 Inspiring Communication / snaptutorial.com
ACC 422 Week 3 Individual WileyPlus Assignment
Exercise 11-6, 11-9, 11-21, 12-1, 12-6, 12-8,
12-17   For more classes visit www.snaptutorial.co
m   Complete the following Week Three Assignment
in WileyPLUS Exercise 11-6 Exercise
11-9 Exercise 11-21 Exercise 12-1
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ACC 422 Inspiring Communication / snaptutorial.com
ACC 422 Week 3 Learning Team Assignment From The
Text P9-9 And P10-8   For more classes
visit www.snaptutorial.com   Resource
Intermediate Accounting   Prepare written
responses to the following assignments from the
text     Ch. 9 Problem P9-9
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ACC 422 Inspiring Communication / snaptutorial.com
    ACC 422 Week 3 Summary   For more classes
visit www.snaptutorial.com   Post a 150 words
summary what you have learned this week
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ACC 422 Inspiring Communication / snaptutorial.com
ACC 422 Week 3 Team Assignment Textbook Problems
(P9-2, P9-4, P10-3, P10-4) 100 Score   For more
classes visit www.snaptutorial.com   Prepare
written responses to the following assignments
from Ch. 9 10 of Intermediate Accounting
Problem 9-2 Problem 9-4 Problem 10-3 Problem 10-4
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ACC 422 Inspiring Communication / snaptutorial.com
  ACC 422 Week 4 CPA Practice Exam   For more
classes visit www.snaptutorial.com   1. On
September 30, World Co. borrowed 1,000,000 on a
9 note payable. World paid the first of four
quarterly payments of 264,200 when due on
December 30. In its December 31, balance sheet,
what amount should World report as note payable?
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ACC 422 Inspiring Communication / snaptutorial.com
ACC 422 Week 4 DQ 1   For more classes
visit www.snaptutorial.com   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?
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ACC 422 Inspiring Communication / snaptutorial.com
    ACC 422 Week 4 DQ 2   For more classes
visit www.snaptutorial.com   eek 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
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ACC 422 Inspiring Communication / snaptutorial.com
ACC 422 Week 4 DQ 3   For more classes
visit www.snaptutorial.com   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?    
41
ACC 422 Inspiring Communication / snaptutorial.com
ACC 422 Week 4 Individual Assignment From The
Text E11-4,E11-11,E12-6 And E12-16   For more
classes visit www.snaptutorial.com   Resource
Intermediate Accounting  
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ACC 422 Inspiring Communication / snaptutorial.com
    ACC 422 Week 4 DQ 2   For more classes
visit www.snaptutorial.com   eek 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
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ACC 422 Inspiring Communication / snaptutorial.com
ACC 422 Week 4 Individual Wileyplus Assignment
Exercise 13-1, 13-3, 13-5, 13-8, 13-11, 14-4,
14-13   For more classes visit www.snaptutorial.co
m   Resource WileyPLUS Complete the following
Week Four Assignment in WileyPLUS Exercise
13-1 Exercise 13-3 Exercise 13-5 Exercise 13-8
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ACC 422 Inspiring Communication / snaptutorial.com
  ACC 422 Week 4 Learning Team Assignment From
The Text E11-18,P11-10 And P12-3   For more
classes visit www.snaptutorial.com   Resource
Intermediate Accounting   Prepare written
responses to the following assignments from the
text  
45
ACC 422 Inspiring Communication / snaptutorial.com
ACC 422 Week 4 Team Assignment Financial
Scavenger Hunt 3 (Nordstrom)   For more classes
visit www.snaptutorial.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.
46
ACC 422 Inspiring Communication / snaptutorial.com
ACC 422 Week 4 Team Assignment Textbook Problems
(P11-1, P12-1) 100 Score   For more classes
visit www.snaptutorial.com   Prepare written
responses to the following assignments from Ch.
11 12 of Intermediate Accounting Problem 11-1
Problem 12-1 Click the Assignment Files tab to
submit your as
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ACC 422 Inspiring Communication / snaptutorial.com
ACC 422 Week 5 DQ 1   For more classes
visit www.snaptutorial.com   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 less
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ACC 422 Inspiring Communication / snaptutorial.com
organizations provide direct-financing
leases? ACC 422 Week 5 DQ 2   For more classes
visit www.snaptutorial.com   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
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ACC 422 Inspiring Communication / snaptutorial.com
ACC 422 Week 5 DQ 3   For more classes
visit www.snaptutorial.com   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 Inspiring Communication / snaptutorial.com
ACC 422 Week 5 DQ 4   For more classes
visit www.snaptutorial.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?
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ACC 422 Inspiring Communication / snaptutorial.com
ACC 422 week 5 Learning Team Problem
Presentation   For more classes
visit www.snaptutorial.com   Collaborate as a
team to provide written responses to a
facilitator-assigned problem. Prepare a 5- to
10-minute oral presentation acc
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ACC 422 Inspiring Communication / snaptutorial.com
    ACC 422 Week 5 Team Assignment Textbook
Problems (P13-10,P14-2, P21-3) 100 Score   For
more classes visit www.snaptutorial.com   Prepare
written responses to the following assignments
from Ch. 13,14 21 of Intermediate Accounting
Problem 13-10 Problem 14-2
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ACC 422 Inspiring Communication / snaptutorial.com
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