ACC 492 education changes / sellfy.com

1
ACC 492 Experience Tradition/sellfy.com
2
ACC 492 Experience Tradition/sellfy.com

• ACC 492 Week 1 Current Issue Summary
• https//sellfy.com/p/37gU/
•  
•  ACC 492 Week 1 Current Issue SummaryWrite 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 Experience Tradition/sellfy.com

• ACC 492 Week 2 Current Issue Summary Auditing
  Cash, Financial Instruments, Sales, or
  Receivables
• https//sellfy.com/p/aFAT/
•  
•  
• ACC 492 Week 2 Current Issue SummaryWrite 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

4
ACC 492 Experience Tradition/sellfy.com

• ACC 492 Week 2 Textbook Problem 23-20, 14-26
• https//sellfy.com/p/wGDe/
•  
•  
• 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.

5
ACC 492 Experience Tradition/sellfy.com

• ACC 492 Week 3 Current Issue Summary Auditing
  Inventory, Warehouse, or Payroll Cycles
• https//sellfy.com/p/VFBY/
•  
•   
• ACC 492 Week 3 Current Issue Summary Auditing
  Inventory, Warehouse, or Payroll CyclesWrite 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.Click the Assignment Files tab to
  submit your assignment in a Microsoft Word
  document

6
ACC 492 Experience Tradition/sellfy.com

• ACC 492 Week 3 Team Assignment Inventory,
  Warehousing, and Payroll accounts and cycles
  (Walmart)
• https//sellfy.com/p/z187/
•  
•  
• Inventory, Warehousing, and Payroll accounts and
  cyclesConsider 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.

7
ACC 492 Experience Tradition/sellfy.com

• ACC 492 Week 3 textbook assignment 20-20, 21-21
• https//sellfy.com/p/BKiL/
•  
•  ACC 492 Week 3 textbook assignment20-20
  (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.3. Recompute hours on
  the time card and compare the total with the
  total hours for which the employee has been
  paid.4. Perform a surprise payroll payoff and
  observe employees picking up and signing for
  their checks.

8
ACC 492 Experience Tradition/sellfy.com

• ACC 492 Week 4 Current Issue Summary auditing
  acquisitions, payments, property plant and
  equipment
• https//sellfy.com/p/Xi33/
•  
•  ACC 492 Week 4 Current Issue SummaryWrite 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.

9
ACC 492 Experience Tradition/sellfy.com

• ACC 492 Week 4 Team Assignment Acquisition,
  Payment, Property Plant, and Equipment Notes
  Payable
• https//sellfy.com/p/O7k6/
•  
•  ACC 492 Week 4 Team AssignmentConsider 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.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.

10
ACC 492 Experience Tradition/sellfy.com

• ACC 492 Week 4 Textbook Problem 18-26
• https//sellfy.com/p/xYyz/
•   
• 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. There is a separate
  purchasing agent who is responsible for ordering
  goods and a separate receiving department that
  counts the goods when they are received and
  prepares receiving reports. There is a separation
  of duties between recording acquisitions and cash
  disbursements, and all information is recorded in
  the two journals independently. The controller
  reviews all supporting documents before signing
  the checks, and he immediately mails the checks
  to the vendors. Check copies are used for
  subsequent recording.

11
ACC 492 Experience Tradition/sellfy.com

• ACC 492 Week 5 Assignment importance of
  considering contingent liabilities, letters
• https//sellfy.com/p/Y1nC/
•  
•  
• ACC 492 Week 5 Learning Team AssignmentYou 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.Create a
  10- to 12-slide presentation for the
  staff.Explain the importance of reviewing for
  contingent liabilities and subsequent events.

12
ACC 492 Experience Tradition/sellfy.com

• ACC 492 Week 5 Final Audit Paper (Walmart)
• https//sellfy.com/p/oa1H/
•   
• ACC 492 Week 5 Final PaperReview the Form 10-K
  for the company selected for team
  assignments.Write a 1,050- to 1,400-word paper
  on the following1. Managements Report on
  Internal Control Over Financial Reporting2. The
  Independent Registered Public Accounting Firms
  Report on Internal Control Over Financial
  Reporting3. The Independent Registered Public
  Accounting Firms Report on the Financial
  StatementsExplain the purpose and content of
  each of these reports.

13
ACC 492 Experience Tradition/sellfy.com