ACC 556 GUIDE Marvelous Learning / acc556guide.com

1
ACC 556 GUIDE Marvelous Learning / acc556guide.com
2
ACC 556 GUIDE Marvelous Learning
ACC 556 All Chapter Quizzes FOR MORE CLASSES
VISIT www.acc556guide.com Please check the
details of Quizzes given under our product
section individually (all questions are mentioned
there) ACC 556 Chapter 1 Quiz (100 Score) ACC
556 Chapter 2 Quiz (100 Score)
3
ACC 556 GUIDE Marvelous Learning
ACC 556 Chapter 1 Quiz (100 Score) FOR MORE
CLASSES VISIT www.acc556guide.com Chapter 1 Quiz
Question 1 A business organized as a separate
legal entity owned by stockholders is a
partnership. Question 2 Accounting
4
ACC 556 GUIDE Marvelous Learning
ACC 556 Chapter 2 Quiz (100 Score) FOR MORE
CLASSES VISIT www.acc556guide.com Chapter 2 Quiz
Question 1 Cash and supplies are both classified
as current assets. Question 2 Earnings per share
measures the net income
5
ACC 556 GUIDE Marvelous Learning
ACC 556 Chapter 3 Quiz (100 Score) FOR MORE
CLASSES VISIT www.acc556guide.com Chapter 3 Quiz
Question 1 Economic events that require
recording in the financial statements are called
accounting transactions
6
ACC 556 GUIDE Marvelous Learning
ACC 556 Chapter 4 Quiz (100 Score) FOR MORE
CLASSES VISIT www.acc556guide.com Chapter 4 Quiz
Question 1 The revenue recognition principle
dictates that revenue be recognized in the
accounting period in which the performance
obligation is satisfied. Question 2 An adjusting
entry to a
7
ACC 556 GUIDE Marvelous Learning
ACC 556 Chapter 5 Quiz (100 Score) FOR MORE
CLASSES VISIT www.acc556guide.com Chapter 5 Quiz
Question 1 An advantage of using the periodic
inventory system is that it requires less record
keeping than the
8
ACC 556 GUIDE Marvelous Learning
ACC 556 Chapter 6 Quiz (100 Score) FOR MORE
CLASSES VISIT www.acc556guide.com Chapter 6 Quiz
Question 1 Raw materials inventories are the
goods that a manufacturing company has completed
and are ready to be sold to customers. Question 2
Goods held on consignment should be
9
ACC 556 GUIDE Marvelous Learning
ACC 556 Chapter 7 Quiz (100 Score) FOR MORE
CLASSES VISIT www.acc556guide.com Chapter 7 Quiz
Question 1 The most important element of the
fraud triangle is rationalization. Question 2
Requiring employees to take
10
ACC 556 GUIDE Marvelous Learning
ACC 556 Chapter 8 Quiz (100 Score) FOR MORE
CLASSES VISIT www.acc556guide.com Chapter 8 Quiz
Question 1 An aging of accounts receivable
schedule is based on the premise that the longer
the period an account remains
11
ACC 556 GUIDE Marvelous Learning
ACC 556 Chapter 9 Quiz (100 Score) FOR MORE
CLASSES VISIT www.acc556guide.com Chapter 9 Quiz
Question 1 The statement of cash flows is a
required statement that must be prepared along
with an income statement,
12
ACC 556 GUIDE Marvelous Learning
ACC 556 Chapter 10 Quiz (100 Score) FOR MORE
CLASSES VISIT www.acc556guide.com Chapter 10 Quiz
Question 1 A current liability must be paid out
of current earnings. Question 2 Most notes are
not interest bearing. Question 3 Unearned
revenues are received before goods are
13
ACC 556 GUIDE Marvelous Learning
ACC 556 Chapter 11 Quiz (100 Score) FOR MORE
CLASSES VISIT www.acc556guide.com Chapter 11 Quiz
Question 1 A current liability must be paid out
of current earnings. Question 2 Most notes are
not interest bearing
14
ACC 556 GUIDE Marvelous Learning
ACC 556 Chapter 12 Quiz (100 Score) FOR MORE
CLASSES VISIT www.acc556guide.com Chapter 12 Quiz
Question 1 The statement of cash flows is a
required statement that must be prepared along
with an income statement,
15
ACC 556 GUIDE Marvelous Learning
ACC 556 Chapter 13 Quiz (100 Score) FOR MORE
CLASSES VISIT www.acc556guide.com Chapter 13 Quiz
1. Price-earnings ratio 2. Return on assets 3.
Accounts receivable turnover ratio 4. Earnings
per share 5. Payout ratio 6. Current cash debt
coverage 7. Current ratio 8. Debt to assets ratio
9. Free cash flow 10. Inventory turnover
16
ACC 556 GUIDE Marvelous Learning
ACC 556 Chapter 21 Quiz (100 Score) FOR MORE
CLASSES VISIT www.acc556guide.com Chapter 21 Quiz
Question 1 A benefit of budgeting is that it
provides definite objectives for evaluating
performance. Question 2 Effective budgeting
requires clearly defined lines of authority and
responsibility. Question 3 Financial budgets must
be completed
17
ACC 556 GUIDE Marvelous Learning
ACC 556 Chapter 22 Quiz (100 Score) FOR MORE
CLASSES VISIT www.acc556guide.com Chapter 22 Quiz
Question 1 Budget reports comparing actual
results with planned objectives should be
prepared only once a year.
18
ACC 556 GUIDE Marvelous Learning
ACC 556 Crooked Scenario 2 Part 1 FOR MORE
CLASSES VISIT   www.acc556guide.com     Shortly
after you completed your work of unpacking all
the players in the CrookEd Partners drama and
identifying all potential fraudulent
19
ACC 556 GUIDE Marvelous Learning
ACC 556 Final Part 1 (100 Correct Answers)
FOR MORE CLASSES VISIT www.acc556guide.com Final
Part 1 Question 1 Under the corporate form of
business organization Question 2 Accountants do
not attempt to measure the change in a plant
asset's market value during ownership because
20
ACC 556 GUIDE Marvelous Learning
ACC 556 Final Part 1 and 2 FOR MORE CLASSES
VISIT www.acc556guide.com Final Part 1 Question 1
Under the corporate form of business organization
Question 2 Accountants do not attempt to measure
the change in a plant asset's market value during
ownership because
21
ACC 556 GUIDE Marvelous Learning
ACC 556 Final Part 2 (100 Correct Answers)
FOR MORE CLASSES VISIT www.acc556guide.com Final
Part 2 Question 1 A manager of a cost center is
evaluated mainly on Question 2 Bogey Co. recorded
operating data for its
22
ACC 556 GUIDE Marvelous Learning
ACC 556 Midterm Part 1 (100 Correct Answers)
FOR MORE CLASSES VISIT www.acc556guide.com ACC
556 - Midterm part 1 Question 1 Source
documents can provide evidence that a transaction
has occurred Question 2 Expense recognition is
tied to revenue recognition. Question 3 To
obtain maximum benefit from a bank
reconciliation, the reconciliation should be
prepared by the employee authorized to sign
checks.
23
ACC 556 GUIDE Marvelous Learning
ACC 556 Midterm Part 1 and 2 FOR MORE CLASSES
VISIT www.acc556guide.com ACC 556 - Midterm part
1 Question 1 Source documents can provide
evidence that a transaction has occurred
Question 2 Expense
24
ACC 556 GUIDE Marvelous Learning
ACC 556 Midterm Part 2 (100 Correct Answers)
FOR MORE CLASSES VISIT www.acc556guide.com ACC
556 - Midterm part 2 ?Question 1 Which of these
would cause the inventory turnover ratio to
increase the most? ?Question 2 Bad Debt Expense
is considered Question 3 A trial balance proves
25
ACC 556 GUIDE Marvelous Learning
ACC 556 Week 1 Crooked Scenario 1 FOR MORE
CLASSES VISIT   www.acc556guide.com     ACC 556
Week 1 Crooked Scenario 1
26
ACC 556 GUIDE Marvelous Learning
ACC 556 Week 1 Crooked Scenario 1 FOR MORE
CLASSES VISIT   www.acc556guide.com     ACC 556
Week 1 Crooked Scenario 1
27
ACC 556 GUIDE Marvelous Learning
ACC 556 Week 1 Short Answer Quiz FOR MORE
CLASSES VISIT   www.acc556guide.com     INDIVIDUAL
ASSIGNMENT Complete the Week 1 Short Answer
Quiz. Click the Assignment Files tab to submit
your assignment as a Microsoft Word document. 1.
What is the Association of Certified
28
ACC 556 GUIDE Marvelous Learning
ACC 556 WEEK 3 Assessing the Impact of Asset
Misappropriation FOR MORE CLASSES
VISIT   www.acc556guide.com     INDIVIDUAL
ASSIGNMENT Write a 1,050 word paper on the impact
of asset misappropriation on an organization of
your choice. Include the following as headings
for your paper What was the
29
ACC 556 GUIDE Marvelous Learning
ACC 556 Week 3 Crooked Scenario 3 FOR MORE
CLASSES VISIT   www.acc556guide.com     1. Define
and describe Theft Act Investigative Methods. 2.
What is a Vulnerability Chart and how, when and
why is it used? 3. Define Invigilation and
discuss how, when and why it is used. 4. Discuss
the
30
ACC 556 GUIDE Marvelous Learning
ACC 556 Week 4 Impact of Corruption FOR MORE
CLASSES VISIT   www.acc556guide.com     Write a
1,250-1,400-word paper on the impact of
corruption on an organization of your choice in
APA format with in-text citations and references.
Include the following Who committed this
31
ACC 556 GUIDE Marvelous Learning
ACC 556 Week 5 Comparing the Impact FOR MORE
CLASSES VISIT   www.acc556guide.com     ACC 556
Week 5 Comparing the Impact
32
ACC 556 GUIDE Marvelous Learning
ACC 556 Week 5 Comparing the Impact FOR MORE
CLASSES VISIT   www.acc556guide.com     ACC 556
Week 5 Comparing the Impact
33
ACC 556 GUIDE Marvelous Learning
ACC 556 Week 5 Memorandum Proactive Method of
Fraud Detection FOR MORE CLASSES
VISIT   www.acc556guide.com     INDIVIDUAL
ASSIGNMENT Write a 600-800 word memo to your
accounting committee on fraud detection
discussing the 6 steps of the
34
ACC 556 GUIDE Marvelous Learning
ACC 556 Week 6 Assignment 1 Financial Analysis
(4 Papers, Apple, Lowe's, Mc Donalds, Walmart)
FOR MORE CLASSES VISIT www.acc556guide.com This
Tutorial contains 4 Different Papers (Apple,
Lowe's, Mc Donalds, Walmart) ACC 556 Week 6
Assignment 1 Financial Analysis Assignment 1
Financial Analysis worth 160 points Use the
35
ACC 556 GUIDE Marvelous Learning
ACC 556 Week 6 fraud symptoms and mitigation
FOR MORE CLASSES VISIT   www.acc556guide.com    
NDIVIDUAL ASSIGNMENT Prepare 7-10 Power Point
slides discussing common business fraud symptoms
and mitigation actions that can be taken to help
deter and detect fraud. Choose some elements from
Chapter 5 Recognizing the Symptoms of Fraud to
36
ACC 556 GUIDE Marvelous Learning
ACC 556 Week 6 Short Answer Quiz FOR MORE
CLASSES VISIT   www.acc556guide.com     Complete
the Week 6 Short Answer Quiz. Click the
Assignment Files
37
ACC 556 GUIDE Marvelous Learning
ACC 556 Week 10 Assignment 2 Budget Planning and
Control (3 Papers) FOR MORE CLASSES
VISIT www.acc556guide.com This Tutorial contains
3 Different Papers Assignment 2 Budget Planning
and Control Due Week 10 and worth 160 points Use
the
38
ACC 556 GUIDE Marvelous Learning / acc556guide.com