ACC 492 Education Begins/newtonhelp.com

1
ACC 492 Education Begins/newtonhelp.com
2
ACC 492 Education Begins/newtonhelp.com

• ACC 492 Week 1 Current Issue Summary
• For more course tutorials visit
• www.newtonhelp.com
•  
• ACC 492 Week 1 Current Issue Summary
• Write a 175- to 350-word summary.
• Research a recent article on sampling as it
  relates to financial statement auditing.
• Apply what you learn to your future or current
  job.
• Click the Assignment Files tab to submit your
  assignment in a Microsoft Word document

3
ACC 492 Education Begins/newtonhelp.com

• ACC 492 Week 1 DQ 1
• For more course tutorials visit
• www.newtonhelp.com
•  
• ACC 492 Week 1 DQ 1

4
ACC 492 Education Begins/newtonhelp.com

• ACC 492 Week 1 DQ 2
• For more course tutorials visit
• www.newtonhelp.com
•  
• ACC 492 Week 1 DQ 2

5
ACC 492 Education Begins/newtonhelp.com

• ACC 492 Week 2 Current Issue Summary Auditing
  Cash, Financial Instruments, Sales, or
  Receivables
• For more course tutorials visit
• www.newtonhelp.com
•  
• ACC 492 Week 2 Current Issue Summary
• Write a 175- to 350-word summary.
• Research a recent article on auditing cash,
  financial instruments, sales, or receivables.
• Apply what you learn to your future or current
  job.
• Click the Assignment Files tab to submit your
  assignment in a Microsoft Word document

6
ACC 492 Education Begins/newtonhelp.com

• ACC 492 Week 2 DQ 1
• For more course tutorials visit
• www.newtonhelp.com
•  
• ACC 492 Week 2 DQ 1

7
ACC 492 Education Begins/newtonhelp.com

• ACC 492 Week 2 DQ 2
• For more course tutorials visit
• www.newtonhelp.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

8
ACC 492 Education Begins/newtonhelp.com

• ACC 492 Week 2 Textbook Problem 23-20, 14-26
• For more course tutorials visit
• www.newtonhelp.com
•  
• 23-20 (Objectives 23-3, 23-4) The following are
  misstatements that might be found in the client's
  year-end cash balance (assume that the balance
  sheet date is June 30)
• 1.The outstanding checks on the June 30 bank
  reconciliation were underfooted by 2,000.
• 2.A loan from the bank on June 26 was credited
  directly to the client's bank account. The loan
  was not entered as of June 30.

9
ACC 492 Education Begins/newtonhelp.com

• ACC 492 Week 3 Current Issue Summary Auditing
  Inventory, Warehouse, or Payroll Cycles
• For more course tutorials visit
• www.newtonhelp.com
•  
• ACC 492 Week 3 Current Issue Summary Auditing
  Inventory, Warehouse, or Payroll Cycles
• Write a 525- to 700-word summary.
• Research a recent article on auditing inventory,
  warehousing, or payroll.
• Apply what you learn to your future or current
  job.

10
ACC 492 Education Begins/newtonhelp.com

• ACC 492 Week 3 DQ 1
• For more course tutorials visit
• www.newtonhelp.com
•  
•  
•  
• ACC 492 Week 3 DQ 1
•  

11
ACC 492 Education Begins/newtonhelp.com

• ACC 492 Week 3 DQ 2
• For more course tutorials visit
• www.newtonhelp.com
•  
• ACC 492 Week 3 DQ 2

12
ACC 492 Education Begins/newtonhelp.com

• ACC 492 Week 3 Team Assignment Inventory,
  Warehousing, and Payroll accounts and cycles
  (Walmart, 2000 Words)
• For more course tutorials visit
• www.newtonhelp.com
•  
• Inventory, Warehousing, and Payroll accounts and
  cycles
• Consider and discuss the specific risks and
  nature of the company you will be auditing and
  create comprehensive work programs for the
  Inventory, Warehousing, and Payroll accounts and
  cycles.
• Submit a 700- to 1,050-word document that
  includes the following
• Audit steps for tests of controls, balances,
  transactions, analytical procedures, etc. as well
  as other considerations such as sample size and
  sample methodology.

13
ACC 492 Education Begins/newtonhelp.com

• ACC 492 Week 3 textbook assignment 20-20, 21-21
• For more course tutorials visit
• www.newtonhelp.com
•  
• ACC 492 Week 3 textbook assignment
• 20-20 (Objectives 20-2, 20-3) Following are some
  of the tests of controls and substantive tests of
  transactions procedures often performed in the
  payroll and personnel cycle. (Each procedure is
  to be done on a sample basis or using audit
  software.)
• 1. Reconcile the monthly payroll total for direct
  manufacturing labor with the labor cost
  distribution.
• 2. Examine the time card for the approval of a
  foreman.

14
ACC 492 Education Begins/newtonhelp.com

• ACC 492 Week 4 Current Issue Summary auditing
  acquisitions, payments, property plant and
  equipment
• For more course tutorials visit
• www.newtonhelp.com
•  
• ACC 492 Week 4 Current Issue Summary
• Write a 525- to 700-word summary.
• Research a recent article on auditing
  acquisitions, payments, property plant and
  equipment (fixed assets), notes payable, or
  owners equity.
• Apply what you learn to your future or current
  job.
• Click the Assignment Files tab to submit your
  assignment in a Microsoft Word document.

15
ACC 492 Education Begins/newtonhelp.com

• ACC 492 Week 4 DQ 1
• For more course tutorials visit
• www.newtonhelp.com
•  
• ACC 492 Week 4 DQ 1

16
ACC 492 Education Begins/newtonhelp.com

• ACC 492 Week 4 DQ 2
• For more course tutorials visit
• www.newtonhelp.com
•  
• ACC 492 Week 4 DQ 2

17
ACC 492 Education Begins/newtonhelp.com

• ACC 492 Week 4 Team Assignment Acquisition,
  Payment, Property Plant, and Equipment Notes
  Payable and Owners Equity and cycles (Walmart)
• For more course tutorials visit
• www.newtonhelp.com
•  
• ACC 492 Week 4 Team Assignment
• Consider and discuss the specific risks and
  nature of the company you will be auditing and
  create comprehensive work programs for the
  Acquisition, Payment, Property Plant, and
  Equipment (Fixed Assets), Notes Payable and
  Owners Equity accounts and cycles.  

18
ACC 492 Education Begins/newtonhelp.com

• ACC 492 Week 4 Textbook Problem 18-26
• For more course tutorials visit
• www.newtonhelp.com
•  
• 18-26 (Objectives 18-3, 18-4) In testing cash
  disbursements for the Jay Klein Company, you
  obtained an understanding of internal control.
  The controls are reasonably good, and no unusual
  audit problems arose in previous years.
• Although there are not many individuals in the
  accounting department, there is a reasonable
  separation of duties in the organization.

19
ACC 492 Education Begins/newtonhelp.com

• ACC 492 Week 5 Assignment importance of
  considering contingent liabilities, letters from
  client lawyers (Walmart)
• For more course tutorials visit
• www.newtonhelp.com
•  
• ACC 492 Week 5 Learning Team Assignment
• You and your team have completed your fieldwork
  and have a handful of other considerations before
  you complete the audit and issue your report.
  These activities are designed to ensure nothing
  significant has occurred between the completion
  of your fieldwork and the issuing of the audit
  report. You are assigned as a senior on the
  staff, in line to be promoted to manager, to
  instruct the other staff on the importance of
  considering contingent liabilities, letters from
  client lawyers, and subsequent events.

20
ACC 492 Education Begins/newtonhelp.com

• ACC 492 Week 5 Final Audit Paper (Walmart)
• For more course tutorials visit
• www.newtonhelp.com
•  
• ACC 492 Week 5 Final Paper
• Review the Form 10-K for the company selected for
  team assignments.
• Write a 1,050- to 1,400-word paper on the
  following
• Managements Report on Internal Control Over
  Financial Reporting
• The Independent Registered Public Accounting
  Firms Report on Internal Control Over Financial
  Reporting

21
ACC 492 Education Begins/newtonhelp.com