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ACCT 504 Begins Education / snaptutorial.com

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"For more classes visits www.snaptutorial.com ACCT 504 Week 1-7 All Discussion Questions ACCT 504 Week 3 Case Study 1 Flower Landscaping Corporation ACCT 504 Week 4 Midterm Exam Set 1 ACCT 504 Week 4 Midterm Set 2 ACCT 504 Week 4 Midterm Set 3 " – PowerPoint PPT presentation

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Title: ACCT 504 Begins Education / snaptutorial.com


1
ACCT 504 Course Seek Your Dream / snaptutorial.com
The Best way to predict the Future is to create
it.....To Best way....
www.snaptutorial.com
2
ACCT 504 Course Seek Your Dream / snaptutorial.com
ACCT 504 Case Study 1 (Gordon Construction) Requ
irements 1. Record each transaction in the
journal. Key each transaction by date.
Explanations are not required. 2. Post the
transactions to the T-accounts, using transaction
dates as posting references. 3. Prepare the
trial balance of Gordon Construction, Inc., at
June30, 2014.
3
ACCT 504 Course Seek Your Dream / snaptutorial.com
ACCT 504 Case Study 2 (Williams Oil) Situation
a. In evaluating the internal control over
inventory for the Williams Oil Services Company,
an auditor learns that the warehouse receiving
clerk is responsible for ordering parts for
supply inventory use in drilling services, counts
the inventory when received at the dock, records
the receipts into the inventory ledger, and takes
the annual inventory, No supervisor reviews the
receiving clerks work.
4
ACCT 504 Course Seek Your Dream / snaptutorial.com
ACCT 504 Case Study 3 (Wang Appliance
Store) Construct and use a cash budget) Nathan
Farmer, chief financial officer of Wang Appliance
Store, is responsible for the company?s budgeting
process. Farmer?s staff is preparing the Wang
cash budget for 2014. A key input to the
budgeting process is last year?
5
ACCT 504 Course Seek Your Dream / snaptutorial.com
ACCT 504 Course Project Oracle and Microsoft
Corporation Here is the link for the financial
statements for Oracle Corporation for the fiscal
year ending 2007. First, select 2007 using the
drop-down arrow labeled for Year on the
right-hand side of the page, and then select
Annual Reports using the drop-down arrow labeled
Filing Type on the left-hand side of the page.
6
ACCT 504 Course Seek Your Dream / snaptutorial.com
ACCT 504 Entire Course   ACCT 504 Week 1-7 All
Discussion Questions ACCT 504 Week 3 Case Study 1
Flower Landscaping Corporation ACCT 504 Week 4
Midterm Exam Set 1 ACCT 504 Week 4 Midterm Set
2 ACCT 504 Week 4 Midterm Set 3 ACCT 504 Week 5
Case Study 2 Internal Control - LJB Company  
7
ACCT 504 Course Seek Your Dream / snaptutorial.com
ACCT 504 Final Exam (3 different finals)   (TCO
A) Which one of the following is an advantage of
corporations relative to partnerships and sole
proprietorships? (Points 5)Reduced legal
liability for investorsHarder to transfer
ownershipLower taxesMost common form of
organization
8
ACCT 504 Course Seek Your Dream / snaptutorial.com
ACCT 504 Week 1-7 All Discussion Questions Week
1DQ 1 - Financial Reporting Environment and
GAAP Week 1DQ 2 - Details of Financial Statements
and Ratios Week 2DQ 1 - Accounting
EquationAccounting Cycle Week 2DQ 2 - Accrual
Accounting and Adjusting Entries Week 3DQ 1 -
Merchandising Operations and Income
Statements Week 3DQ 2 - Inventory Cost-Flow
Assumptions
9
ACCT 504 Course Seek Your Dream / snaptutorial.com
ACCT 504 Week 3 Case Study 1 (Melvin Plumbing
Corporation) New Cash Flows from Operating
Activities Collections from customers

51,000 Interest Received

500 Purchase of inventory

(36,000) Operating expenses

(10,200) Net cash provided by operating
activities 5,300
10
ACCT 504 Course Seek Your Dream / snaptutorial.com
ACCT 504 Week 3 Case Study 1 Flower Landscaping
Corporation Requirement 2 - Post Journal
Entries to the General LedgerRequirement 3 -
Prepare a Trial BalanceRequirement 4 - Prepare
the Adjusting EntriesRequirement 5 - Post
Adjusting Entries to the General
LedgerRequirement 6 - Prepare an Adjusted Trial
Balance
11
ACCT 504 Course Seek Your Dream / snaptutorial.com
ACCT 504 Week 4 Midterm Exam Set
1 Page Question (TCO A, B, C) External users
want answers to all of the following questions
except Points Received 3 of 3 2.Question (TCO
C) Borrowing money is an example of a(n) Points
Received
12
ACCT 504 Course Seek Your Dream / snaptutorial.com
Page Question (TCO A, B, C) External users
want answers to all of the following questions
except Points Received 3 of 3 2.Question (TCO
C) Borrowing money is an example of a(n) Points
Received The
13
ACCT 504 Course Seek Your Dream / snaptutorial.com
ACCT 504 Week 4 Midterm Exam Set
2 Page 1.Question (TCO A, B, C) External
users want answers to all of the following
questions except Points Received 3 of
3 2.Question (TCO C) Issuing shares of stock in
exchange for cash is an example of a(n) Points
Received 3 of 3
14
ACCT 504 Course Seek Your Dream / snaptutorial.com
ACCT 504 Week 4 Midterm Exam Set 3 (TCO A, B,
C) External users want answers to all of the
following questions except Points Received 3 of
3
15
ACCT 504 Course Seek Your Dream / snaptutorial.com
ACCT 504 Week 4 Midterm Exam Question        
(TCOs A, B, and C) Which of the following
statements concerning users of accounting
information is incorrect? Student Answer The
marketing vice president is considered an
internal user. Present and prospective creditors
are considered external users. Regulatory
authorities, such as the SEC, are considered
internal users.
16
ACCT 504 Course Seek Your Dream / snaptutorial.com
ACCT 504 Week 5 Case Study 2 Internal Control LJB
Company   The accountant has recently started
using pre-numbered invoices and wants to buy an
indelible ink machine to print their checks. The
President is waiting to hear from you if this is
a necessary purchase before authorizing.
17
ACCT 504 Course Seek Your Dream / snaptutorial.com
ACCT 504 Week 5 Course Project Draft
Spreadsheet ACCT-504 Week 5 Course Project
Draft Spreadsheet
18
ACCT 504 Course Seek Your Dream / snaptutorial.com
ACCT 504 Week 6 Case Study 3 - Cash Budgeting LBJ
Company Credit sales 94,000 89,500
75,000 Cash sales 48,000 75,000 57,000 Total
sales 142,000 164,500 132,000 Past experience
indicates that 30 of the credit sales will be
collected in the month of sale and the remaining
70 will be collected in the following month.
19
ACCT 504 Course Seek Your Dream / snaptutorial.com
ACCT 504 Week 7 Course Project JCP
Kohls ACCT-504 Week 7 Course Project JCP Kohls
20
ACCT 504 Course Seek Your Dream / snaptutorial.com
The Best way to predict the Future is to create
it.....To Best way....
www.snaptutorial.com
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