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For more classes visit www.snaptutorial.com 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? – PowerPoint PPT presentation

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Title: ACC 492 help A Guide to career/Snaptutorial


1
ACC 492 help A Guide to career/ snaptutorial.com
The Best way to predict the Future is to create
it.....To Best way....
www.snaptutorial.com
2
ACC 492 help A Guide to career/ snaptutorial.com
ACC 492 Week 1 DQ 1 For more classes
visit www.snaptutorial.com   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?
3
ACC 492 help A Guide to career/ snaptutorial.com
ACC 492 Week 1 DQ 2 For more classes
visit www.snaptutorial.com   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?
4
ACC 492 help A Guide to career/ snaptutorial.com
ACC 492 Week 1 Individual Assignment Assignments
From the Text For more classes
visit www.snaptutorial.com   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
5
ACC 492 help A Guide to career/ snaptutorial.com
ACC 492 Week 2 DQ 1 For more classes
visit www.snaptutorial.com   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?
6
ACC 492 help A Guide to career/ snaptutorial.com
ACC 492 Week 2 DQ 2 For more classes
visit www.snaptutorial.com   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
7
ACC 492 help A Guide to career/ snaptutorial.com
ACC 492 Week 2 Individual Assignment Assignments
From the Text For more classes
visit www.snaptutorial.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
8
ACC 492 help A Guide to career/ snaptutorial.com
ACC 492 Week 2 Learning Team Assignment Apollo
Shoe Case Assignment For more classes
visit www.snaptutorial.com   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.
9
ACC 492 help A Guide to career/ snaptutorial.com
ACC 492 Week 3 DQ 1 For more classes
visit www.snaptutorial.com   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
10
ACC 492 help A Guide to career/ snaptutorial.com
ACC 492 Week 3 DQ 2 For more classes
visit www.snaptutorial.com   What are the key
management assertions related to equity? What are
the most important assertions related equity? How
will auditors test these assertions?
11
ACC 492 help A Guide to career/ snaptutorial.com
ACC 492 Week 3 Individual Assignment Assignments
From the Text For more classes
visit www.snaptutorial.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
12
ACC 492 help A Guide to career/ snaptutorial.com
ACC 492 Week 3 Learning Team Assignment Apollo
Shoe Case Assignment For more classes
visit www.snaptutorial.com   Learning Check 18-2
Learning Check 18-15 Comprehensive Question
18-25 (controls and substantive tests for
investment transactions)
13
ACC 492 help A Guide to career/ snaptutorial.com
ACC 492 Week 4 DQ 1 For more classes
visit www.snaptutorial.com   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?
14
ACC 492 help A Guide to career/ snaptutorial.com
ACC 492 Week 4 DQ 2 For more classes
visit www.snaptutorial.com   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?
15
ACC 492 help A Guide to career/ snaptutorial.com
ACC 492 Week 4 Individual Assignment Assignments
From the Text For more classes
visit www.snaptutorial.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
16
ACC 492 help A Guide to career/ snaptutorial.com
ACC 492 Week 4 Individual Assignment Case Study
For more classes visit www.snaptutorial.com   Cas
e 8.1 Laramie Wire Manufacturing Using
Analytical Procedures in Audit Planning
17
ACC 492 help A Guide to career/ snaptutorial.com
ACC 492 Week 4 Learning Team Assignment Apollo
Shoe Case Assignment For more classes
visit www.snaptutorial.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.
18
ACC 492 help A Guide to career/ snaptutorial.com
ACC 492 Week 4 Learning Team Assignment
Assignments From the Text For more classes
visit www.snaptutorial.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
19
ACC 492 help A Guide to career/ snaptutorial.com
ACC 492 Week 5 Individual Assignment Assignments
From the Text For more classes
visit www.snaptutorial.com   Prepare written
answers to the following assignments Ch.
19-23 Comprehensive Question Subsequent Events
20
ACC 492 help A Guide to career/ snaptutorial.com
ACC 492 Week 5 Individual Assignment Case Study
For more classes visit www.snaptutorial.com   Res
ources Case 12.4 Surfer Dude Duds, Inc.
Considering the Going-Concern Assumption Prepare
written answers that follow the case
21
ACC 492 help A Guide to career/ snaptutorial.com
ACC 492 Week 5 Individual Assignment Issuing
Audit Reports Simulation For more classes
visit www.snaptutorial.com   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?
22
ACC 492 help A Guide to career/ snaptutorial.com
ACC 492 Week 5 Learning Team Assignment Case
Study Assignment and Presentation For more
classes visit www.snaptutorial.com   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?
23
ACC 492 help A Guide to career/ snaptutorial.com
The Best way to predict the Future is to create
it.....To Best way....
www.snaptutorial.com
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