ACC 422 The Secret of Education/newtonhelp.com

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ACC 422 The Secret of Education/newtonhelp.com
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ACC 422 The Secret of Education/newtonhelp.com
ACC 422 Final Exam Guide (New 2020, With EXCEL
FILE, Score 29/30) For more course tutorials
visit www.newtonhelp.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
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ACC 422 The Secret of Education/newtonhelp.com
ACC 422 Final Exam Guide 1 For more course
tutorials visit www.newtonhelp.com      1. Kraft E
nterprises owns the following assets at December 3
1, 2012.  Cash in banksavings account 67,516  Che
cking account balance 26,445  Cash on hand 9,478  
Postdated checks 753
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ACC 422 The Secret of Education/newtonhelp.com
ACC 422 Final Exam Guide 2 For more course
tutorials visit www.newtonhelp.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?
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ACC 422 The Secret of Education/newtonhelp.com
ACC 422 Final Exam Guide 3 For more course
tutorials visit www.newtonhelp.com     SET 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 be included in the Cash caption
on the balance sheet?
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ACC 422 The Secret of Education/newtonhelp.com
ACC 422 Final Exam Guide All 3 Sets For more
course tutorials visit www.newtonhelp.com        D
etails 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 Checking account balance
26,445 Cash on hand 9,478 Postdated checks 753
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ACC 422 The Secret of Education/newtonhelp.com
ACC 422 Week 1 DQ 1 For more course tutorials
visit www.newtonhelp.com     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 The Secret of Education/newtonhelp.com
ACC 422 Week 1 DQ 2 For more course tutorials
visit www.newtonhelp.com     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?
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ACC 422 The Secret of Education/newtonhelp.com
ACC 422 Week 1 DQ 3 For more course tutorials
visit www.newtonhelp.com     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 The Secret of Education/newtonhelp.com
ACC 422 Week 1 Individual Assignment Disclosure
Analysis Paper (2 Papers) For more course
tutorials visit www.newtonhelp.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 within the
notes to the financial statements
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ACC 422 The Secret of Education/newtonhelp.com
ACC 422 Week 1 Team Assignment Audited Financial
Statements (Nordstrom Inc.) For more course
tutorials visit www.newtonhelp.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.
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ACC 422 The Secret of Education/newtonhelp.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.newtonhelp.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
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ACC 422 The Secret of Education/newtonhelp.com
ACC 422 Week 2 DQ 1 For more course tutorials
visit www.newtonhelp.com       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? Which method of estimation, gross
profit or retail inventory, is best? Explain your
answer.
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ACC 422 The Secret of Education/newtonhelp.com
ACC 422 Week 2 DQ 2 For more course tutorials
visit www.newtonhelp.com       Week 2 DQ 2 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.
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ACC 422 The Secret of Education/newtonhelp.com
ACC 422 Week 2 DQ 3 For more course tutorials
visit www.newtonhelp.com       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? What is
the rationale for these differences?
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ACC 422 The Secret of Education/newtonhelp.com
ACC 422 Week 2 Learning Team Assignment (New
Syllabus) For more course tutorials
visit www.newtonhelp.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.
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ACC 422 The Secret of Education/newtonhelp.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.newtonhelp.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 (Part
Level Submission) Exercise 8-12 (Part Level
Submission)
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ACC 422 The Secret of Education/newtonhelp.com
ACC 422 Week 3 DQ 1 For more course tutorials
visit www.newtonhelp.com     Week 3 DQ 1 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.
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ACC 422 The Secret of Education/newtonhelp.com
ACC 422 Week 3 DQ 2 For more course tutorials
visit www.newtonhelp.com     Week 3 DQ 2 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?
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ACC 422 The Secret of Education/newtonhelp.com
ACC 422 Week 3 DQ 3 For more course tutorials
visit www.newtonhelp.com         Week 3 DQ
3 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?
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ACC 422 The Secret of Education/newtonhelp.com
ACC 422 Week 3 DQ 4 For more course tutorials
visit www.newtonhelp.com       ACC 422 Week 3 DQ 4
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ACC 422 The Secret of Education/newtonhelp.com
ACC 422 Week 3 Team Assignment (Case 3, CA 8-10,
Problem 9-3, Problem 9-13) For more course
tutorials visit www.newtonhelp.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
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ACC 422 The Secret of Education/newtonhelp.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.newtonhelp.com       Th
is 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
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ACC 422 The Secret of Education/newtonhelp.com
ACC 422 Week 4 DQ 1 For more course tutorials
visit www.newtonhelp.com       Week 4 DQ 1 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?
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ACC 422 The Secret of Education/newtonhelp.com
ACC 422 Week 4 DQ 2 For more course tutorials
visit www.newtonhelp.com     Week 4 DQ 2 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.
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ACC 422 The Secret of Education/newtonhelp.com
ACC 422 Week 4 DQ 3 For more course tutorials
visit www.newtonhelp.com     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 The Secret of Education/newtonhelp.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.newtonhelp.com       Co
mplete 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
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ACC 422 The Secret of Education/newtonhelp.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.newtonhelp.com       Complete the
following assignments in WileyPLUS Exercise
13-2 (Part Level Submission) Exercise 13-7
(Part Level Submission) Exercise 13-16
Exercise 14-4
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ACC 422 The Secret of Education/newtonhelp.com
ACC 422 Week 5 DQ 1 For more course tutorials
visit www.newtonhelp.com     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 The Secret of Education/newtonhelp.com
ACC 422 Week 5 DQ 2 For more course tutorials
visit www.newtonhelp.com     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 The Secret of Education/newtonhelp.com
ACC 422 Week 5 DQ 3 For more course tutorials
visit www.newtonhelp.com     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 The Secret of Education/newtonhelp.com
ACC 422 Week 5 DQ 4 For more course tutorials
visit www.newtonhelp.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?  
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ACC 422 The Secret of Education/newtonhelp.com
ACC 422 week 5 Learning Team Problem
Presentation For more course tutorials
visit www.newtonhelp.com     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 PowerPoint presentation
illustrating your teams solution to the assigned
problem.  
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ACC 422 The Secret of Education/newtonhelp.com
ACC 422 Week 5 Signature Assignment Presentation
(Procter and Gamble) For more course tutorials
visit www.newtonhelp.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?
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ACC 422 The Secret of Education/newtonhelp.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.newtonhelp.com    
  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 CA 14-4, p. 765
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ACC 422 The Secret of Education/newtonhelp.com