ACC 422 Knowledge Specialist--acc422.com

1
ACC 422 Knowledge Specialist--acc422.com
2
ACC 422 Knowledge Specialist--acc422.com
ACC 422 Final Exam Guide (New 2019, With EXCEL
FILE, Score 29 30) For more course tutorials
visit www.acc422.com This Tutorial contains excel
File which can be used to solve for any change in
values Brief Exercise 7-1 Brief Exercise 7-7
Brief Exercise 7-14 Brief Exercise 7-15 Brief
Exercise 8-4 (Part Level Submission) Brief
Exercise 8-5 Brief Exercise 8-6 Multiple Choice
Question 21 Question 14 Brief Exercise 9-4
Exercise 9-4 Brief Exercise 10-6 Brief Exercise
10-8 Exercise 10-1 Question 9 Brief Exercise 11-8
Brief Exercise 12-2 Brief Exercise 12-8 Exercise
3
ACC 422 Knowledge Specialist--acc422.com
ACC 422 Final Exam Guide 1 For more course
tutorials visit www.acc422.com 1. Kraft
Enterprises owns the following assets at December
31, 2012. Cash in banksavings account 67,516 Chec
king account balance 26,445 Cash on
hand 9,478 Postdated checks 753 Cash refund due
from IRS 40,324 Certificates of deposit (180-day)
94,754 What amount should be reported as cash?
Question 2 Presented below is information related
to Rembrandt Inc.s inventory. (per unit)
Skis
4
ACC 422 Knowledge Specialist--acc422.com
ACC 422 Final Exam Guide 2 For more course
tutorials visit www.acc422.com 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
taken
5
ACC 422 Knowledge Specialist--acc422.com
ACC 422 Final Exam Guide 3 For more course
tutorials visit www.acc422.com ACC 422 Final Exam
Guide 3SET 3 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? 3) Which
of the following items should NOT
6
ACC 422 Knowledge Specialist--acc422.com
ACC 422 Final Exam Guide All 3 Sets For more
course tutorials visit www.acc422.com Details of
All 180 Questions Given Below SET 1 1. Kraft
Enterprises owns the following assets at December
31, 2012. Cash in banksavings account 67,516 Chec
king account balance 26,445 Cash on
hand 9,478 Postdated checks 753 Cash refund due
from IRS 40,324 Certificates of deposit
(180-day) 94,754 What amount should be reported
as cash? Question 2 Presented below is
information related to Rembrandt Inc.s inventory.
7
ACC 422 Knowledge Specialist--acc422.com
ACC 422 Week 1 DQ 1 For more course tutorials
visit www.acc422.com 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?
8
ACC 422 Knowledge Specialist--acc422.com
ACC 422 Week 1 DQ 2 For more course tutorials
visit www.acc422.com 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?
9
ACC 422 Knowledge Specialist--acc422.com
ACC 422 Week 1 DQ 3 For more course tutorials
visit www.acc422.com 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.
10
ACC 422 Knowledge Specialist--acc422.com
ACC 422 Week 1 Individual Assignment Disclosure
Analysis Paper (2 Papers) For more course
tutorials visit www.acc422.com This Tutorial
contains 2 Papers Resource Internet Select a
publicly held company to use as the basis for
this assignment. Research your selected company
and acquire the companys most recent financial
statements using the Internet. Prepare a 700- to
1,050-word paper analyzing the disclosures
contained
11
ACC 422 Knowledge Specialist--acc422.com
ACC 422 Week 1 Team Assignment Audited Financial
Statements (Nordstrom Inc.) For more course
tutorials visit www.acc422.com 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. Team B Macy's Inc. Locate your
assigned company's latest audited financial
statements and post them on the assignment tab.
Review
12
ACC 422 Knowledge Specialist--acc422.com
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) For more course tutorials
visit www.acc422.com 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 Exercise 7-9 Exercise 7-22
Exercise 7-24 (Part Level Submission) Concept
for Analysis 7-2 (Essay) Problem 7-4 (Part
Level Submission) Brief Exercise 7-1 Marin
Enterprises owns the following assets
13
ACC 422 Knowledge Specialist--acc422.com
ACC 422 Week 2 DQ 1 For more course tutorials
visit www.acc422.com 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? Which method of
estimation, gross profit or retail inventory, is
best? Explain your answer.
14
ACC 422 Knowledge Specialist--acc422.com
ACC 422 Week 2 DQ 2 For more course tutorials
visit www.acc422.com What are the criteria for
capitalization of fixed assets? What items are
included in the cost of a fixed asset? Should
interest be included in the cost of a fixed
asset? Explain why or why not.
15
ACC 422 Knowledge Specialist--acc422.com
ACC 422 Week 2 DQ 3 For more course tutorials
visit www.acc422.com 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? What is the rationale for these
differences? What is the impact to the companies
financial statements?
16
ACC 422 Knowledge Specialist--acc422.com
ACC 422 Week 2 Learning Team Assignment (New
Syllabus) For more course tutorials
visit www.acc422.com 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
Compile all team members input. Click the
Assignment Files tab to submit your assignment.
Financial Reporting The Procter Gamble Company
(PG) The financial statements of PG are
17
ACC 422 Knowledge Specialist--acc422.com
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) For more course
tutorials visit www.acc422.com This Tutorial
contains Excel File which can be used to solve
for any values Complete the following assignments
i Exercise 8-2 Exercise 8-9
18
ACC 422 Knowledge Specialist--acc422.com
ACC 422 Week 3 DQ 1 For more course tutorials
visit www.acc422.com What is the purpose of
depreciation? Does the book value of a fixed
asset (cost minus accumulated depreciation)
communicate to a user what the asset is worth?
Explain why or why not. Should the financial
statements reflect the value of fixed assets?
Explain why or why not.
19
ACC 422 Knowledge Specialist--acc422.com
ACC 422 Week 3 DQ 2 For more course tutorials
visit www.acc422.com What are the different
methods used to calculate depreciation? How does
a company decide which method it should
utilize? How does its choice affect the financial
statements?
20
ACC 422 Knowledge Specialist--acc422.com
ACC 422 Week 3 DQ 3 For more course tutorials
visit www.acc422.com What is an intangible
asset? Should all intangible assets be subject to
amortization? Explain why or why not. Why are
some intangible assets not amortized? What is the
implication to the financial statements?  
21
ACC 422 Knowledge Specialist--acc422.com
ACC 422 Week 3 Team Assignment (Case 3, CA 8-10,
Problem 9-3, Problem 9-13) For more course
tutorials visit www.acc422.com 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 1. CA 8-10, p.
437 2. Problem 9-3, p. 483 3. Problem 9-13, p.
487 After discussing your answers, compile each
into a team response.
22
ACC 422 Knowledge Specialist--acc422.com
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) For more
course tutorials visit www.acc422.com This
Tutorial contains Excel File which can be used to
solve for any values Complete the following
assignments in WileyPLUS Brief Exercise 10-10
Exercise 10-3 Exercise 10-13 Exercise 11-6
Exercise 11-15 Exercise 11-15 (Essay)
Exercise 11-24 Exercise 12-1 Exercise
23
ACC 422 Knowledge Specialist--acc422.com
ACC 422 Week 4 DQ 1 For more course tutorials
visit www.acc422.com What are the criteria for
classifying an item as a current liability? What
are some examples of current liabilities? Why is
it important to classify a portion of long-term
debt on a yearly basis as a current
liability? What is the implication of
misclassifying a liability as current or
long-term?
24
ACC 422 Knowledge Specialist--acc422.com
ACC 422 Week 4 DQ 2 For more course tutorials
visit www.acc422.com What is a contingency? Why
are contingencies important to users of financial
statements? What are the criteria for recording
contingencies? Should companies record a
liability for threatened litigation? Explain why
or why not.
25
ACC 422 Knowledge Specialist--acc422.com
ACC 422 Week 4 DQ 3 For more course tutorials
visit www.acc422.com What is a bond? What are
some features of a bond? How do you value bonds?
What factors can affect that value?
26
ACC 422 Knowledge Specialist--acc422.com
ACC 422 Week 4 Team Assignment Financial
Scavenger Hunt 3 (Nordstrom) For more course
tutorials visit www.acc422.com Review the
financial statements, including any notes and
supplemental information, and answer the
following questions. Indicate where you found the
answer to the questions. If calculations are
required, show your work. Fixed Assets and
Intangibles 1. How are plant and equipment
recorded?
27
ACC 422 Knowledge Specialist--acc422.com
ACC 422 Week 4 Team Assignment Problem 10-4,
Problem 10-6, CA 11-5, Problem 12-2 For more
course tutorials visit www.acc422.com 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
Problem 12-2, p. 644 After discussing your
answers, compile each into a team response. Click
the Assignment Files tab to submit your
28
ACC 422 Knowledge Specialist--acc422.com
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) For more course tutorials
visit www.acc422.com This Tutorial contains Excel
File which can be used to solve for any values
Complete the following assignments in WileyPLUS
Exercise 13-2 (Part Level Submission)
Exercise 13-7 (Part Level Submission)
Exercise 13-16 Exercise 14-4 Exercise 14-6
Exercise 14-9 (Part Level Submission) Problem
14-2 (Part Level submission) Exercise 13-2 (Part
Level Submission) The following are selected 2017
transactions of Riverbed
29
ACC 422 Knowledge Specialist--acc422.com
ACC 422 Week 5 DQ 1 For more course tutorials
visit www.acc422.com 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?
30
ACC 422 Knowledge Specialist--acc422.com
ACC 422 Week 5 DQ 2 For more course tutorials
visit www.acc422.com 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?
31
ACC 422 Knowledge Specialist--acc422.com
ACC 422 Week 5 DQ 3 For more course tutorials
visit www.acc422.com 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?
32
ACC 422 Knowledge Specialist--acc422.com
ACC 422 Week 5 DQ 4 For more course tutorials
visit www.acc422.com 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?
33
ACC 422 Knowledge Specialist--acc422.com
ACC 422 Week 5 Learning Team Problem
Presentation For more course tutorials
visit www.acc422.com Collaborate as a team to
provide written responses to a facilitator-assigne
d problem. Prepare a 5- to 10-minute oral
presentation accompanied by a 7- to 9-slide
Microsoft PowerPoint presentation illustrating
your teams solution to the assigned problem.
34
ACC 422 Knowledge Specialist--acc422.com
ACC 422 Week 5 Signature Assignment Presentation
(Procter and Gamble) For more course tutorials
visit www.acc422.com 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
35
ACC 422 Knowledge Specialist--acc422.com
ACC 422 Week 5 Team Assignment Problem 13-7,
13-11, CA 13-3, CA 14-1, CA 14-4, CA 21-4 For
more course tutorials visit www.acc422.com Complet
e 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 CA 14-4, p. 765 CA 21-4, p.
1252 After discussing your answers, compile each
into a team response. Click the Assignment Files
tab to submit your assignment. P13-7 (LO3)
(Warranties) Alvarado Company sells a machine for
7,400 with a 12-month warranty
36
ACC 422 Knowledge Specialist--acc422.com