ACC 422 Endless Education /newtonhelp.com

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ACC 422 Endless Education/newtonhelp.com
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ACC 422 Final Exam Guide (New 2018, With EXCEL
FILE, Score 29/30)

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•  
•  
• Brief Exercise 7-1
•  
• Brief Exercise 7-7
•  
• Brief Exercise 7-14
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• Brief Exercise 7-15
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• Brief Exercise 8-4 (Part Level Submission)

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ACC 422 Final Exam Guide 1

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• 1. Kraft Enterprises owns the following assets at 
  December 31, 2012.
•  Cash in banksavings account
• 67,516
•  Checking account balance
• 26,445
•  Cash on hand
• 9,478
•  Postdated checks
• 753 
• Cash refund due from IRS
• 40,324 

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ACC 422 Final Exam Guide 2

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•  SET 2
•  1) Which of the following is considered cash?
• 2) Bank overdrafts, if material, should be
• 3) Which of the following is NOT considered cash
  for financial reporting purposes?
• 4) If a company employs the gross method of
  recording accounts receivable from customers,
  then sales discounts

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ACC 422 Final Exam Guide 3

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• 1) Which of the following is NOT considered cash
  for financial reporting purposes?
• 2) What is the preferable presentation of
  accounts receivable from officers, employees, or
  affiliated companies on a balance sheet?

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ACC 422 Final Exam Guide All 3 Sets

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• 1. Kraft Enterprises owns the following assets at
  December 31, 2012.
• Cash in banksavings account 67,516 Checking
  account balance 26,445
• Cash on hand 9,478 Postdated checks 753

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ACC 422 Week 1 DQ 1

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•  Week 1 DQ 1
• Consider how an organization must manage cash,
  receivables, and inventory. Which of the three
  variables is the most important to manage? Is one
  more susceptible to fraud and errors than the
  others? Explain your answer.
• How would a misstatement in each affect the
  organization?
•  

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ACC 422 Week 1 DQ 2

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•  Week 1 DQ 2
• What is the perpetual method of tracking
  inventory?
• How does it differ from the periodic method of
  tracking inventory?
• Why would a company choose one method over the
  other method?
• Which is the best method? Why?
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ACC 422 Week 1 DQ 3

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•   Week 1 DQ 3
• What are the different ways to estimate bad debt?
• How does this affect net income?
• What does Generally Accepted Accounting
  Principles (GAAP) require? Why?
• Should all companies have bad debt? Explain your
  answer.
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ACC 422 Week 1 Individual Assignment Disclosure
Analysis Paper (2 Papers)

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•    
•  
• Select a publicly held company to use as the
  basis for this assignment.
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• Research your selected company and acquire the
  companys most recent financial statements using
  the Internet.
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•  

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ACC 422 Week 1 Team Assignment Audited Financial
Statements (Nordstrom Inc.)

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•  Each team is assigned a publically traded
  company that they will use to answer the
  questions in the Financial Scavenger Hunt
  assigned each week.
•             Team A          Nordstrom Inc.
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ACC 422 Week 1 Wileyplus BE 7-1, BE 7-7, Ex 7-4,
Ex 7-9, Ex 7-22, Ex 7-24, CA 7-2, Pr 7-4 (with
Excel File)

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• This Tutorial contains Excel File which can be
  used to solve for any values
• Complete the following assignments in WileyPLUS
•          Brief Exercise 7-1
•          Brief Exercise 7-7
•          Exercise 7-4

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ACC 422 Week 2 DQ 1

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•  Week 2 DQ 1
• Under what circumstances would a company need to
  estimate its inventory?
• What are the differences between using the gross
  profit method and retail inventory method for
  estimating inventory?

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ACC 422 Week 2 DQ 2

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•  Week 2 DQ 2
• What are the criteria for capitalization of fixed
  assets?
• What items are included in the cost of a fixed
  asset?
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ACC 422 Week 2 DQ 3

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•  Week 2 DQ 3
• How do we account for the disposition of fixed
  assets?
• What are the differences in how the exchanges of
  assets are handled, pending on whether they are
  similar or dissimilar?
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ACC 422 Week 2 Learning Team Assignment (New
Syllabus)

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•  Complete the following three deliverables for
  this assignment as a team
• 1. The Financial Reporting, Procter Gamble
  Company, p. 379.
• 2. The Financial Statement Analysis Cases, Case
  1 Occidental Petroleum Corporation, p. 379.
• 3. Problem 7-6, p. 374

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ACC 422 Week 2 Wileyplus Ex 8-2, Ex 8-9, Ex 8-12,
Ex 9-2, Ex 9-7, Ex 9-17, Ex 9-18, Ex 9-20, Ex
9-22 (with Excel File)

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•  
• Complete the following assignments i
• Exercise 8-2
• Exercise 8-9 (Part Level Submission)
• Exercise 8-12 (Part Level Submission)
• Exercise 9-2
• Exercise 9-7
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ACC 422 Week 3 DQ 1

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• Week 3 DQ 1
• What is the purpose of depreciation?
•  

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ACC 422 Week 3 DQ 2

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• Week 3 DQ 2
• What are the different methods used to calculate
  depreciation?
• How does a company decide which method it should
  utilize?

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ACC 422 Week 3 DQ 3

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• Week 3 DQ 3
• What is an intangible asset?

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ACC 422 Week 3 DQ 4

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•  
• ACC 422 Week 3 DQ 4

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ACC 422 Week 3 Team Assignment (Case 3, CA 8-10,
Problem 9-3, Problem 9-13)

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•  
•  Complete the following four deliverables for
  this assignment as a team
• 1. Case 3 The Kroger Company, p. 440
• Complete the following individually and discuss
  your individual answers as a team
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ACC 422 Week 3 Wileyplus BE 10-10, Ex 10-3, Ex
10-13, Ex 11-6 Ex 11-15, Ex 11-24, Ex 12-1, Ex
12-4, Ex 12-14 (with Excel File)

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•  
•  Complete the following assignments in WileyPLUS
• Brief Exercise 10-10
• Exercise 10-3
• Exercise 10-13
• Exercise 11-6
• Exercise 11-15
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ACC 422 Week 4 DQ 1

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• Week 4 DQ 1
• What are the criteria for classifying an item as
  a current liability?
• What are some examples of current liabilities?

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ACC 422 Week 4 DQ 2

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• Week 4 DQ 2
• What is a contingency?

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ACC 422 Week 4 DQ 3

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• Week 4 DQ 3
• What is a bond? What are some features of a bond?
  How do you value bonds? What factors can affect
  that value?
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ACC 422 Week 4 Team Assignment Problem 10-4,
Problem 10-6, CA 11-5, Problem 12-2

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• Complete the following individually and discuss
  your individual answers as a team
• Problem 10-4, p. 543
• Problem 10-6, p. 544
• CA 11-5, p. 597

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ACC 422 Week 4 WileyPlus Ex 13-2, Ex 13-7, Ex
13-16, Ex 14-4, Ex 14-6, Ex 14-9, Problem 14-2
(With Excel File)

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•  
• Complete the following assignments in WileyPLUS
• Exercise 13-2 (Part Level Submission)
• Exercise 13-7 (Part Level Submission)
• Exercise 13-16

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ACC 422 Week 5 DQ 1

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•  Week 5 DQ 1
• What are the differences between a
  direct-financing and a sales-type lease for a
  lessor?
• Why would a lessor provide direct-financing to a
  lessee?
• What types of organizations provide
  direct-financing leases?

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ACC 422 Week 5 DQ 2

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•  Week 5 DQ 2
• What are the criteria for classifying a lease as
  operating or capital?
• Why is there a difference between the two?
• What are the implications of an operating lease
  versus a capital lease on an entitys financial
  statements?
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ACC 422 Week 5 DQ 3

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•  Week 5 DQ 3
• What is residual value?
• What is the implication to the lessee if the
  residual value is guaranteed or unguaranteed?
• What is the implication to the lessor?
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ACC 422 Week 5 DQ 4

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• Week 5 DQ 4
• What are the advantages of operating and capital
  leases? What are the disadvantages?
• Why would a company pick one over the other?
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ACC 422 week 5 Learning Team Problem Presentation

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• Collaborate as a team to provide written
  responses to a facilitator-assigned problem.
• Prepare a 5- to 10-minute oral presentation
  accompanied by a 7- to 9-slide Microsoft PowerPoi
  nt presentation illustrating your teams
  solution to the assigned problem.
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ACC 422 Week 5 Signature Assignment Presentation
(Procter and Gamble)

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•  Create a 5- to 10-slide presentation and use the
  same publicly traded company selected in Week 2
  to address the following
• Be sure to use the most recent SEC 10-k or
  Annual report.
• Identify the Company's current liabilities for
  the past two years?
• Compare the current portion of long-term debt
  for the past two years?
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ACC 422 Week 5 Team Assignment Problem 13-7,
13-11, CA 13-3, CA 14-1, CA 14-4, CA 21-4

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•  Complete the following individually and discuss
  your individual answers as a team
• Problem 13-7, p. 700
• Problem 13-11, p. 701
• CA 13-3, p. 703
• CA 14-1, p. 763
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ACC 422 Endless Education/newtonhelp.com