ACC 423 MART EDUCATION EXPERT / acc423mart.com

1
ACC 423 MART EDUCATION EXPERT / acc423mart.com

• FOR MORE CLASSES VISIT
• www.acc423mart.com

2
ACC 423 Entire Course

• ACC 423 Week 1 Discussion Question 1
• ACC 423 Week 1 Discussion Question 2
• ACC 423 Week 1 DQ (New)
• ACC 423 Week 1 Individual Assignment Owners
  Equity Paper
• ACC 423 Week 2 Discussion Question 1
• ACC 423 Week 2 Discussion Question 2
• ACC 423 Week 2 Team Assignment (Concepts for
  Analysis CA16

3
ACC 423 Final Exam Guide 1

• Question 1 Buttercup Corporation issued 250
  shares of 11 par value common stock for 4,125.
  Prepare Buttercup journal entry. Question 2
  Wilco Corporation has the following account
  balances at December 31, 2012.Common stock, 5
  par value 511,670Treasury stock 95,260Retained
  earnings 2,400,840Paid-in capital in excess of
  par 1,320,150Prepare Wilcos December 31, 2012,
  stockholders equity section Question 3
  Woolford Inc. declared a cash dividend of 1.38
  per share on its 2.22 million outstanding shares.
  The dividend was declared on August 1, payable on
  September 9 to all stockholders of record on
  August 15. Prepare the journal entries necessary
  on those three dates. Question 4 The outstanding
  capital stock of Pennington Corporation consists
  of 3,100 shares of 109 par value, 6 preferred,
  and 5,700 shares of 52 par value common.Assuming
  that the company has retained earnings of
  83,000, all of which is to be paid out in
  dividends, and that preferred dividends were not
  paid during the 2 years preceding the current
  year, state how much each class of stock should
  receive

4
ACC 423 Final Exam Guide 2

• 1) When the cash proceeds from a bond issued with
  detachable stock warrants exceed the sum of the
  par value of the bonds and the fair market value
  of the warrants, the excess should be credited to
  A. premium on bonds payable. B. retained
  earnings. C. a liability account. D.
  additional paid-in capital from stock warrants.
  2) The conversion of preferred stock may be
  recorded by the A. par value method. B. book
  value method. C. market value method. D.

5
ACC 423 Week 1 Discussion Question 1

• Why do companies offer stock options?  What is
  the experience of either your organization or an
  organization that you are familiar with when it
  comes to stock option compensation?  Should stock
  option compensation be included as an expense
  when calculating an organizations net income? 
  Explain why or why not. If so, how should the
  amount of expense be calculated?

6
ACC 423 Week 1 Discussion Question 2

• What are the differences between basic and
  diluted earnings per share?  What are the
  differences between the numerator and the
  denominator in the basic and diluted earnings per
  share calculations? 

7
ACC 423 Week 1 DQ (New)

• Why do companies offer stock options? Should
  stock-option compensation be included as an
  expense when calculating an organization's net
  income? Explain why or why not. if so, how should
  the amount of expense be calculated?

8
ACC 423 Week 1 Individual Assignment Owners
Equity Paper

• Resources Intermediate Accounting and Electronic
  Reserve Readings
• Prepare a 700- to 1,050-word response to the
  following questions
•  
•          Why is it important to keep paid-in
  capital separate from earned capital?

9
ACC 423 Week 1 Summary

• Discuss the objectives for Week One. How do they
  relate to the practice of accounting and its uses
  in business? Distinguish between paid-in and
  earned capital.

10
ACC 423 Week 2 Discussion Question 1

• What are the differences between traditional and
  derivative instruments? Why do companies use
  derivative instruments? Explain whether or not
  derivatives are a good investment.  What
  experience do you have with either traditional or
  derivative instruments in your organization or an
  organization that you are familiar with?

11
ACC 423 Week 2 Discussion Question 2

• Why do companies make investments in other
  companies? What are the differences between debt
  and equity investments? What is the experience of
  either your organization or an organization that
  you are familiar with when it comes to debt
  and/or equity investments? What would influence a
  company to choose equity or debt as an investment?

12
ACC 423 Week 2 DQ (New)

• What are the differences between traditional and
  derivative instruments? Why do companies use
  derivative instruments? Are derivatives a good
  investment? Explain why or why not.
•  
• Why do companies make investments in other
  companies? What are the differences between debt
  and equity investments? What would influence a
  company to choose equity or debt as an investment?

13
ACC 423 Week 2 Individual WileyPLUS Assignment
E15-13 (a,b) , P15-1 , E16-20 , P16-7

• Resource Intermediate Accounting
• Prepare written responses to the following
  assignments from the text
•  
•          Ch.15 Excercise E15-13 (ab) and
  Problem P15-1
• Ch.16 Exercise E16-20 and Problem P16-7

14
ACC 423 Week 2 Learning Team Assignment P15-3 ,
P16-6 , P16-8 And CA16-4

• Resource Intermediate Accounting
• Prepare written responses to the following
  assignments from the text
•  
•          Ch. 15 Problem P15-3

15
ACC 423 Week 2 Learning Team Reflection

• Discuss the objectives for Week One. How do they
  relate to the practice of accounting and its uses
  in business?
• Distinguish between paid-in and earned capital.
• Record journal entries related to common,
  preferred, and treasury stock.
• Record journal entries related to the various
  types of dividends.
• Calculate basic and diluted earnings per share
  (EPS).

16
ACC 423 Week 2 Team Assignment (Concepts for
Analysis CA16-4) (New)

• Prepare written responses to the following
  assignments from Ch. 16 ofIntermediate
  Accounting
• Concepts for Analysis CA16-4
• Click the Assignment Files tab to submit your
  assignment

17
ACC 423 Week 3 Discussion Question 1

• Why are there differences between taxable and
  financial income? What are some examples of
  permanent and temporary differences? Why do these
  differences exist? How do they affect the
  financial statements? 

18
ACC 423 Week 3 Discussion Question 2

• How are the tax benefits of net operating losses
  (NOL) disclosed on financial statements? Which is
  more beneficial to an organization, an NOL
  carryforward or an NOL carryback?

19
ACC 423 Week 3 DQ (New)

• Why are there between taxable and financial
  income? What are some example of payment and
  temporary differences? Why do these differences
  exist? How do they affect financial statements.

20
ACC 423 Week 3 Individual WileyPLUS Assignment
Exercise E17-7 , E17-12 , Problem P17-3 And P17-8
(a c)

• Resource Intermediate Accounting
• Prepare written responses to the following
  assignments from the text
•  
• Ch. 17 Exercises E17-7 E17-12 and Problems
  P17-3 P17-8 (ac)

21
ACC 423 Week 3 Learning Team Assignment from the
Text (CA 17-1)(New)

• Prepare written responses to the following
  assignments from Ch. 17 of Intermediate
  Accounting
• Concepts for Analysis CA17-1

22
ACC 423 Week 3 Learning Team Assignment P17 -1
And P17 - 9

• Resource Intermediate Accounting
• Prepare written responses to the following
  assignments from the text
•  
• Ch.17 Problems P17-1 P17-9

23
ACC 423 Week 3 Learning Team Reflection

• Discuss the objectives for Week Two. How do they
  relate to the practice of accounting and its uses
  in business?
• Distinguish between debt and equity investments.
• Classify securities as available-for-sale,
  held-to-maturity, or trading.
• Determine when to use the fair value and equity
  methods of accounting for investments.
• Prepare journal entries for investments using the
  fair value and the equity method.
• Distinguish between traditional and derivative
  financial instruments.

24
ACC 423 Week 4 Discussion Question 1

• What are the differences and similarities between
  a defined contribution plan and a defined benefit
  plan? As an employee, explain why you would
  rather have a defined contribution plan or a
  defined benefit plan?

25
ACC 423 Week 4 Discussion Question 2

• What are the components of pension expense? How
  do the components of pension expense differ among
  the various types of contribution and benefit
  plans? How is the interest rate determined?

26
ACC 423 Week 4 DQ (New)

• What are the differences and similarities between
  a defined contribution plan and a defined benefit
  plan? As an employee, would you rather have
  defined contribution plan or a defined benefit
  plan? Explain your answer. As an employer, would
  you rather offer a defined contribution plan or a
  defined benefit plan? Explain answer.

27
ACC 423 Week 4 Learning Team Reflection

• Discuss the objectives for Week Three. How do
  they relate to the practice of accounting and its
  uses in business?
• Differentiate between temporary and permanent
  differences.
• Calculate current and deferred tax assets and
  liabilities.

28
ACC 423 Week 5 DQ (New)

• What is a change in accounting principle? How do
  you determinate if a change in principle should
  be reported retroactively, currently or
  prospectively? How do these changes affect
  financial statements?
•  
• Why do accountants make errors? What types of
  errors may occur? Why is it necessary to correct
  them? Whit are the ramifications of not
  correcting errors? What are some examples of
  counterbalancing errors?

29
ACC 423 Week 5 Learning Team Reflection

• Discuss the objectives for Week Four and Five.
  How do they relate to the practice of accounting
  and its uses in business?
• Differentiate between a defined contribution and
  a benefit plan.
• Determine the components of pension expense.
• Calculate pension liability and expense.
• Prepare journal entries associated with changes
  in accounting principles, reporting entities, and
  estimates.
• Prepare journal entries associated with changes
  due to errors

30
ACC 423 MART EDUCATION EXPERT / acc423mart.com

• FOR MORE CLASSES VISIT
• www.acc423mart.com