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ACC 422 Entire Course   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) ACC 422 Week 1 CPA Practice Exam ACC
422 Week 1 Team Assignment Audited Financial
Statements (Nordstrom Inc.)
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ACC 422 Final Exam Guide 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 Final Exam Guide 2   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? 4) If a company
employs the gross method of recording accounts
receivable from customers, then sales discounts
taken should be reported as
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ACC 422 Final Exam Guide 3   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 Final Exam Guide All 3 Sets   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 Week 1 CPA Practice Exam   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 in Cobb's
December 31, 2006, balance sheet? 3. Garson Co.
recorded goods in transit purchased FOB shipping
point at year-end as purchases. The goods were
excluded from the ending inventory. What effect
does the omission have on Garson's assets and
retained earnings at year end?
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ACC 422 Week 1 DQ 1   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. How would a misstatement in
each affect the organization?
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ACC 422 Week 1 DQ 2   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 Week 1 DQ 3   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 Week 1 Individual Assignment Disclosure
Analysis Paper (2 Papers)   This Tutorial
contains 2 Papers Resource Internet Select a
publicly held company to use as the basis for
this assignment. Research your selected company
and acquire the companys most recent financial
statements using the Internet.
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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   Complete the following Week 1
Assignment in WileyPLUS Exercise 7-2 Exercise
7-4 Exercise 7-8 Exercise 7-9 Exercise
7-13 Exercise 7-16
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ACC 422 Week 1 Team Assignment Audited Financial
Statements (Nordstrom Inc.)   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. Locate your assigned
company's latest audited financial statements and
post them on the assignment tab.
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ACC 422 Week 2 CPA Practice Exam   1. On June
18, 2005, Dell Printing Co. incurred the
following costs for one of its printing presses
2. The overhaul resulted in a significant
increase in production. Neither the attachment
nor the overhaul increased the estimated useful
life of the press. What amount of the above costs
should be capitalized?
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ACC 422 Week 2 DQ 1   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 Week 2 DQ 2   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 Week 2 DQ 3   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 Week 2 Individual WileyPlus Assignment
(Exercise 9-3, 9-12, 9-19, 10-2, 10-23,
10-24) 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 Week 2 Team Assignment Textbook Problems
(P7-1, P7-2, P8-4) 100 Score   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 your assignment.
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ACC 422 Week 3 CPA Practice Exam   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 spent to
successfully defend the rights of the patent
against a competitor. The patent has a life of 20
years. Under U.S. GAAP, what amount should Alta
capitalize related to the patent?
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ACC 422 Week 3 DQ 1   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 Week 3 DQ 2   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 Week 3 DQ 3   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 Week 3 DQ 4   ACC 422 Week 3 DQ 4
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ACC 422 Week 3 Individual WileyPlus Assignment
Exercise 11-6, 11-9, 11-21, 12-1, 12-6, 12-8,
12-17   Complete the following Week Three
Assignment in WileyPLUS Exercise 11-6 Exercise
11-9 Exercise 11-21 Exercise 12-1 Exercise
12-6 Exercise 12-8
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ACC 422 Week 3 Team Assignment Textbook Problems
(P9-2, P9-4, P10-3, P10-4) 100 Score   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 Click the Assignment Files tab to submit
your assignment.
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ACC 422 Week 4 CPA Practice Exam   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?
2. Gain contingencies are usually recognized in
the income statement when
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ACC 422 Week 4 DQ 1   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 Week 4 DQ 2   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? Explain why or why not.
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ACC 422 Week 4 DQ 3   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 Week 4 Individual Wileyplus Assignment
Exercise 13-1, 13-3, 13-5, 13-8, 13-11, 14-4,
14-13   Resource WileyPLUS Complete the
following Week Four Assignment in
WileyPLUS Exercise 13-1 Exercise 13-3 Exercise
13-5 Exercise 13-8 Exercise 13-11
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ACC 422 Week 4 Team Assignment Financial
Scavenger Hunt 3 (Nordstrom)   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. Fixed Assets and
Intangibles How are plant and equipment
recorded? How are leasehold improvements
accounted for?
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ACC 422 Week 4 Team Assignment Textbook Problems
(P11-1, P12-1) 100 Score   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 assignment.
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ACC 422 Week 5 DQ 1   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 Week 5 DQ 2   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 Week 5 DQ 3   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 Week 5 DQ 4   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 Week 5 Individual WileyPlus Assignment
Exercise 21-2, 21-4, 21-8 (Essay), 21-8,
21-13   Complete the following Week Five
Assignment in WileyPLUS Exercise 21-2 Exercise
21-4 Exercise 21-8 (Essay) Exercise 21-8 Exercise
21-13 Take a screenshot of your completed work,
and Click the Assignment Files tab to submit your
screenshot.
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ACC 422 week 5 Learning Team Problem
Presentation   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 PowerPoint 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 Week 5 Team Assignment Textbook Problems
(P13-10,P14-2, P21-3) 100 Score repare written
responses to the following assignments from Ch.
13,14 21 of Intermediate Accounting Problem
13-10 Problem 14-2 Problem 21-3
Click the Assignment Files tab to submit your
assignment.
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ACC 422 Course Success is a Tradition /
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The Best way to predict the Future is to create
it.....To Best way....
www.snaptutorial.com