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ACC 305 Course Inspiring Minds / tutorialrank.com
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ACC 305 Course Inspiring Minds / tutorialrank.com
ASHFORD ACC 305 Week 1 Assignments E 3-18, E
3-20, J Case 3-5
ACC 305 Week 1 Assignments E 3-18, E 3-20, J Case
3-5
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ACC 305 Course Inspiring Minds / tutorialrank.com
ASHFORD ACC 305 Week 1 DQ 1 FASB and Ethics
Research Case 1-3 (page 45) The purpose of this
case is to introduce you to the information
available on the website of the Financial
Accounting Standards Board (FASB). Required Acces
s the FASB home page on the Internet. The web
address is www.fasb.org. Answer the following
questions. 1. Describe the mission of the
FASB. 2. Who are the current Board
members? Briefly describe their backgrounds. 3.
How are topics added to the FASBs
technical agenda?
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ASHFORD ACC 305 Week 1 DQ 2 Cash versus Accrual
Financial Disclosures
Judgment Case 2-1 (page 109) You have recently
been hired by Davis Company, a small public
accounting firm. One of the firms partners,
Alice Davis, has asked you to deal with a
disgruntled client, Mr. Sean Pitt, owner of the
citys largest hardware store. Mr. Pitt is
applying to a local bank for a substantial loan
to remodel his store. The bank requires accrual
based financial statements but Mr. Pitt has
always kept the companys records on a cash
basis. He does not see the purpose of accrual
based statements. His most recent outburst went
something like this After all, I collect cash
from customers, pay my bills in cash, and I am
going to pay the bank loan with cash. And, I
already show my building and equipment as assets
and depreciate them. I just dont understand the
problem.
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ACC 305 Course Inspiring Minds / tutorialrank.com
ASHFORD ACC 305 Week 2 DQ 1 Earnings Management
Case 4-3
Companies often are under pressure to meet or
beat Wall Street earnings projections in order to
increase stock prices and also to increase the
value of stock options. Some resort to earnings
management practices to artificially create
desired results. Required Is earnings management
always intended to produce higher income? Explain.
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ASHFORD ACC 305 Week 2 DQ 2 Revenue Recognition
Case 5-2
Revenue earned by a business enterprise is
recognized for accounting purposes at different
times, according to the circumstances. In some
situations revenue is recognized approximately as
it is earned in the economic sense. In other
situations revenue is recognized at point of
delivery. Required 1. Explain and
justify why revenue often is recognized as earned
at point of delivery. 2. Explain in what
situations it would be useful to recognize
revenue as the productive activity takes
place. 3. At what times, other than those
included in (1) and (2) above, may it be
appropriate to recognize revenue?
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ASHFORD ACC 305 Week 2 Problem E4-19 Wainwright
Corporation
ACC 305 Week 2 Problem E4-19 Wainwright
Corporation
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ASHFORD ACC 305 Week 2 Problem E4-22 Tiger
Enterprises
ACC 305 Week 2 Problem E4-22 Tiger Enterprises
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ASHFORD ACC 305 Week 2 Problem E5-3 Installment
sales
ACC 305 Week 2 Problem E5-3 Instalment sales
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ASHFORD ACC 305 Week 2 Problem E4-16 Bluebonnet
Bakers
ACC 305 Week 2 Problem E4-16 Bluebonnet Bakers
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ASHFORD ACC 305 Week 2 Problem E5-10 Project
Contracts
ACC 305 Week 2 Problem E5-10 Project Contracts
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ASHFORD ACC 305 Week 2 Problem E4-19 Wainwright
Corporation
ACC 305 Week 2 Problem E4-19 Wainwright
Corporation
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ACC 305 Course Inspiring Minds / tutorialrank.com
ASHFORD ACC 305 Week 2 Problem Integrating Case
5-23
ACC 305 Week 2 Problem Integrating Case 5-23
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ACC 305 Course Inspiring Minds / tutorialrank.com
ASHFORD ACC 305 Week 2 Problem Judgment Case 4-9
ACC 305 Week 2 Problem Judgment Case 4-9
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ACC 305 Course Inspiring Minds / tutorialrank.com
ASHFORD ACC 305 Week 3 Communication Case 6-3
Communication Case 6-3 on page 334 Harvey
Alexander, an all-league professional football
player, has just declared free agency. Two teams,
the San Francisco 49ers and the Dallas Cowboys,
have made Harvey the following offers to obtain
his services
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ACC 305 Course Inspiring Minds / tutorialrank.com
ASHFORD ACC 305 Week 3 Judgment Case 7-5
Judgment Case 7-5 on page 391 For each of the
following independent situations, indicate the
apparent internal control weaknesses and suggest
alternative procedures to eliminate the
weaknesses. 1. John Smith is the petty cash
custodian. John approves all requests for payment
out of the 200 fund, which is replenished at the
end of each month. At the end of each month, John
submits a list of all accounts and amounts to be
charged and a check is written to him for the
total amount. John is the only person ever to
tally the fund. Judgment Case 7-5 on page 391
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ASHFORD ACC 305 Week 3 P7-14 El Gato Painting
Company
ACC 305 Week 3 P7-14 El Gato Painting Company
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ASHFORD ACC 305 Week 3 P7-10, P7-14
ACC 305 Week 3 P7-10, P7-14
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ACC 305 Course Inspiring Minds / tutorialrank.com
ASHFORD ACC 305 Week 3 P7-10, P7-14
ACC 305 Week 3 P7-10, P7-14
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ACC 305 Course Inspiring Minds / tutorialrank.com
ASHFORD ACC 305 Week 3 P7-14 El Gato Painting
Company
ACC 305 Week 3 P7-14 El Gato Painting Company
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ACC 305 Course Inspiring Minds / tutorialrank.com
ASHFORD ACC 305 Week 4 Assignment E8-13, E8-14,
E8-18, P8-5, E9-19, E9-21, P9-1.
ACC 305 Week 4 Assignment E8-13, E8-14, E8-18,
P8-5, E9-19, E9-21, P9-1
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ACC 305 Course Inspiring Minds / tutorialrank.com
ASHFORD ACC 305 Week 4 Communication Case 8-4
Communication Case 8-4 on page 442 You have just
been hired as a consultant to Tangier Industries,
a newly formed company. The company president,
John Meeks, is seeking your advice as to the
appropriate inventory method Tangier should use
to value its inventory and cost of goods sold.
Mr. Meeks has narrowed the choice to LIFO and
FIFO. He has heard that LIFO might be better for
tax purposes, but FIFO has certain advantages for
financial reporting to investors and creditors.
You have been told that the company will be
profitable in its first year and for the
foreseeable future.
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ASHFORD ACC 305 Week 4 Ethics Case 9-11
Ethics Case 9-11 on page 497Danville Bottlers is
a wholesale beverage company. Danville uses the
FIFO inventory method to determine the cost of
its ending inventory. Ending inventory quantities
are determined by a physical count. For the
fiscal year- end June 30, 2011, ending inventory
was originally determined to be 3,265,000.
However, on July 17, 2011, John Howard, the
companys controller, discovered an error in the
ending inventory count. He determined that the
correct ending inventory amount should be
2,600,000.
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ASHFORD ACC 305 Week 5 Ethics Case 10-12
ACC 305 Week 5 Ethics Case 10-12 Ethics Case
10-12 on page 553 - Mayer Biotechnical, Inc -
Research and development ? LO8 Mayer
Biotechnical, Inc., develops, manufactures, and
sells pharmaceuticals. Significant research and
development (RD) expenditures are made for the
development of new drugs and the improvement of
existing drugs. During 2011, 220 million was
spent on RD. Of this amount, 30 million was
spent on the purchase of equipment to be used in
a research project involving the development of a
new antibiotic.
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ASHFORD ACC 305 Week 5 Final Paper (FASB)
Focus of the Final Paper Submit a seven to ten
page paper on one of the major topics listed
below. The paper should incorporate at least
three other appropriately documented and related
articles drawn from the Universitys Library.
(Note you may advance your own topic, but it
must be approved by your instructor.)
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ASHFORD ACC 305 Week 5 P11-5, P11-7
ACC 305 Week 5 P11-5, P11-7
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ACC 305 Course Inspiring Minds / tutorialrank.com
ASHFORD ACC 305 Week 5 Problem E11-5, E11-10
ACC 305 Week 5 Problem E11-5, E11-10
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The Best way to predict the Future is to create
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