ACC 492 NEW Learn/uophelp.com

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ACC 492 Experience Tradition/uophelp.com

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ACC 492 Experience Tradition/uophelp.com

• ACC 492 Week 1 DQ 1 (New)
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• What account balances are included in a revenue
  and collection cycle? What specific control
  procedures should be in place and operating in
  internal control governing revenue recognition
  and cash accounting? What assertions are made
  about classes of transactions and events in the
  revenue and collection cycle?
•  

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ACC 492 Experience Tradition/uophelp.com

• ACC 492 Week 1 DQ 2 (New)
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• Why is it important to place emphasis on the
  existence and rights (ownership) assertions when
  auditing accounts receivable? Which audit
  procedures are usually the most useful for
  auditing the existence and rights assertions?
  What analytical procedures might be informative
  regarding the existence assertion?
•  

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ACC 492 Experience Tradition/uophelp.com

• ACC 492 Week 1 Individual Assignment Assignments
  From the Text (New)
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• Resource Ch. 14 of Modern Auditing
• Dowload the Adobe Reader version of Ch. 14 to
  complete this assignment.
•  
•          Click on the link for Ch. 14 of Modern
  Auditing on the course website.
•          Click Download eBook on the left-hand
  side of the page.
•          Download Ch. 14 of Modern Auditing
•  
• Prepare written answers for the following
  assignments
•  
•          Comprehensive Question 14-28 Controls
  over Cash Receipts Processing at a Church
• Comprehensive Question 14-30 Substantive Tests
  of Accounts Receivable

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ACC 492 Experience Tradition/uophelp.com

• ACC 492 Week 2 DQ 1 (New)
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• How might a purchasing manager use his or her
  position to defraud the company? What can be done
  to prevent it? Where could an auditor look to
  find evidence of losses on purchase commitments
  and unrecorded liabilities to vendors?

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ACC 492 Experience Tradition/uophelp.com

• ACC 492 Week 2 DQ 2 (New)
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• Why does the auditor examine travel and
  entertainment expenses? What would poor controls
  regarding executive reimbursements say about the
  tone at the top for purposes of evaluating and
  reporting on internal control? How might the
  auditor effectively use analytical procedures in
  the audit of various expense accounts, such as
  miscellaneous expenses? Provide an example of how
  analytical procedures might be used in the audit
  of such accounts

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ACC 492 Experience Tradition/uophelp.com

• ACC 492 Week 2 Individual Assignment Assignments
  From the Text (New)
• For more course tutorials visit
• www.uophelp.com
• Resource Modern Auditing
• Prepare written answers to the following
  assignments
•  
•          Ch. 16-33 Comprehensive Question
  Control Activities in Payroll Processing
• Ch. 16-35 Comprehensive Question Potential
  Misstatements/Tests of Controls Payroll

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ACC 492 Experience Tradition/uophelp.com

• ACC 492 Week 2 Learning Team Assignment Apollo
  Shoe Case Assignment (New)
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• Resource Apollo Shoe Case link in Week Two on
  the Materials page
• Complete the following audit sections
• See the Course Materials folder for Clarification
•          Revenue and Expenses
• o   Before completing this section, review the
  material in the Planning section with emphasis on
  the Trial balances and Apollo Shoes Minutes and
  the Accounts Receivable section with emphasis on
  the Audit of Accounts Receivable confirmations.
•          Payroll
• Before completing this section, review the
  material in the Planning section.

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ACC 492 Experience Tradition/uophelp.com

• ACC 492 Week 3 DQ 1 (New)
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• What internal control components are common among
  long-term assets, liabilities, and equity
  accounts? What components are unique to each? How
  can an auditor assess these controls

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ACC 492 Experience Tradition/uophelp.com

• ACC 492 Week 3 DQ 2 (New)
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• What are the key management assertions related to
  equity? What are the most important assertions
  related equity? How will auditors test these
  assertions?
•  

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ACC 492 Experience Tradition/uophelp.com

• ACC 492 Week 3 Individual Assignment Assignments
  From the Text (New)
• For more course tutorials visit
• www.uophelp.com
• Resource Modern Auditing
• Prepare written answers to the following
  assignments
•  
•          Ch. 16-26 Comprehensive Question
  Evaluation of Internal Controls Raw Materials
  and Supplies Inventory
• Ch. 16-29 Comprehensive Question
  Computer-Assisted Substantive Tests for Inventory
•  

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ACC 492 Experience Tradition/uophelp.com

• ACC 492 Week 3 Learning Team Assignment Apollo
  Shoe Case Assignment (New)
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• Learning Check 18-2
•  
•  Learning Check 18-15
•  
•  Comprehensive Question 18-25 (controls and
  substantive tests for investment transactions)

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ACC 492 Experience Tradition/uophelp.com

• ACC 492 Week 4 DQ 1 (New)
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• What are the steps that are required for an
  auditor to finalize the audit? Which steps are
  the most crucial to the outcome of the audit? How
  will these steps affect the final audit decision?

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ACC 492 Experience Tradition/uophelp.com

• ACC 492 Week 4 DQ 2 (New)
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• What types of opinions does an auditor issue
  other than unqualified? How does an opinion other
  than unqualified affect the client? In your
  opinion, which is the worst? What are the
  circumstances that warrant each type of opinion?
•  

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ACC 492 Experience Tradition/uophelp.com

• ACC 492 Week 4 Individual Assignment Assignments
  From the Text (New)
• For more course tutorials visit
• www.uophelp.com
• Resource Modern Auditing
• Prepare answers to the following assignments
•  
•          Ch. 17-22 Comprehensive Question
  Internal Controls for Plant Assets
• Ch. 17-26 Comprehensive Question Substantive
  Tests and Disclosures for Long-Term Debt

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ACC 492 Experience Tradition/uophelp.com

• ACC 492 Week 4 Individual Assignment Case Study
  (New)
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• Case 8.1 Laramie Wire Manufacturing Using
  Analytical Procedures in Audit Planning  
•  

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ACC 492 Experience Tradition/uophelp.com

• ACC 492 Week 4 Learning Team Assignment Apollo
  Shoe Case Assignment (New)
• For more course tutorials visit
• www.uophelp.com
• Resource Apollo Shoes Case Materials located on
  the Week Four student website
• Complete the following audit sections
• See the Course Materials folder for Clarification
•          Prepaids and Other Assets
• o   Before completing this section, review the
  Planning section and the Cash section with
  emphasis on the Apollo Shoes Bank Rec.
•          Fixed Assets
• Before completing this section, review the
  Planning section with emphasis on the Apollo
  Shoes Minutes.

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ACC 492 Experience Tradition/uophelp.com

• ACC 492 Week 4 Learning Team Assignment
  Assignments From the Text (New)
• For more course tutorials visit
• www.uophelp.com
• Resource Modern Auditing
• Prepare written answers to the following
  assignments
•  
•          Ch. 17-27 Comprehensive Question
  Substantive Tests for Stockholders Equity
  Balances
• Ch. 18-31 Comprehensive Question Substantive
  Tests for Cash Balances

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ACC 492 Experience Tradition/uophelp.com

• ACC 492 Week 5 Individual Assignment Assignments
  From the Text (New)
• For more course tutorials visit
• www.uophelp.com
• Prepare written answers to the following
  assignments
•  
• Ch. 19-23 Comprehensive Question Subsequent
  Events

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ACC 492 Experience Tradition/uophelp.com

• ACC 492 Week 5 Individual Assignment Case Study
  (New)
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• Resources Case 12.4 Surfer Dude Duds, Inc.
  Considering the Going-Concern Assumption
• Prepare written answers that follow the case
•  

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ACC 492 Experience Tradition/uophelp.com

• ACC 492 Week 5 Individual Assignment Issuing
  Audit Reports Simulation (New)
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• Resources Issuing Audit Reports simulation
  located on the Week Five Materials page
• Complete the simulation.
• Prepare a 500-word response to the following
  questions
•  
•          What are the different types of audit
  reports and when should each be used?
•          In what types of situations would an
  auditor be allowed to issue an unqualified audit
  report?
• To what extent is the auditor liable for
  misstatements in the financial statements of the
  audited company?

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ACC 492 Experience Tradition/uophelp.com

• ACC 492 Week 5 Learning Team Assignment Case
  Study Assignment and Presentation (New)
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• Resource Case 4.1 Enron Corporation and
  Andersen, LLP Analyzing the Fall of Two Giants
  in Auditing Cases
• Complete the questions at the end of the case.
• Prepare a 500-650 word response to the following
  questions
•  
•          What are the principles of the AICPA
  Code of Professional Conduct?
•          What part(s) of the AICPA Code of
  Conduct was violated by Andersen? By any Enron
  employee who was a CPA?
•  
• Prepare 12-15 Microsoft PowerPoint slides, with
  speakers notes, illustrating your answers to the
  Case Study Assignment on Case 4.1.

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ACC 492 Experience Tradition/uophelp.com

• For more course tutorials visit
• www.uophelp.com