ACC 410 Course Experience Tradition / acc410.com

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ACC 410 Course Experience Tradition / acc410.com
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ACC 410 Course Experience Tradition / acc410.com
ACC 410 Entire Course
ACC 407 Week 1 DQ 1 Partnership Agreements ACC
407 Week 1 DQ 2 Partnership Liquidation. Complete
Case C16-6 ACC 407 Week 1 Assignment Partnership
Problems Complete E16-8 ACC 407 Week 2 DQ 1 Risk
Associated with Acquisitions Complete Case
C1-6 ACC 407 Week 2 DQ 2 Choice of Accounting
Method Complete Case C2-1 ACC 407 Week 2
Assignment Consolidation Problems Complete P1-37
and P3-31 ACC 407 Week 3 DQ 1 Negative Retained
Earnings Complete Case C4-3 ACC 407 Week 3 DQ 2
Taking Account of Ethics ACC 407 Week 3
Assignment Consolidation Problems Complete P5-38
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ACC 410 Course Experience Tradition / acc410.com
ACC 410 Week 1 Assignment Generally Accepted
Auditing Standards
Generally Accepted Auditing Standards. Complete
problem below and submit to your instructor.
Write under the generally accepted auditing
standards column the specific standard that was
violated and how the action of Jones resulted in
a failure to comply with each standard. Organize
your answer as shown below specifically with a
column for the standard that was violated and a
column for the required action. Thepapershouldbe
2-3 pages.
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ACC 410 Course Experience Tradition / acc410.com
ACC 410 Week 1 DQ 1 Internal vs. External Audit
Staffs
Internal vs. External Audit Staffs. Spacecraft,
Inc., is a large corporation that is audited
regularly by a public accounting firm but also
maintains an internal auditing staff. Explain
briefly how the relationship of the public
accounting firm to Spacecraft differs from the
relationship of the internal auditing staff to
Spacecraft. Do not forget to show the necessary
steps and explain how you attained that outcome.
Respondtoatleasttwoofyourclassmates postings
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ACC 410 Course Experience Tradition / acc410.com
ACC 410 Week 1 DQ 2 Audit Reports
Audit Reports. Evaluate the following question
If a CPA firm completes a nonpublic company
audit of Adam Companys financial statements
following IACPA generally accepted auditing
standards and is satisfied with the results of an
audit, an unmodified report may be issued. On the
other hand, if no audit is performed of the
current years financial statements, but the CPA
firm has performed satisfactory audits in prior
years, has confidence in the management of the
company, and makes a quick review of the current
years financial statements, a qualified report
may be issued. Do you agree? Give reasons to
support your answer. Do not forget to show the
necessary steps and explain how you attained that
outcome.
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ACC 410 Course Experience Tradition / acc410.com
ACC 410 Week 2 Assignment Analytical Procedures
Analytical Procedures. In a 2-3 page paper,
complete the case below and submit to instructor.
Review the income statement for Uden Supply
Company and answer the following a. Describe the
purpose of analytical procedures performed in the
planning stage of the audit. b. Uden Supply has
projected its 2004 gross profit at 31 of sales
despite expectation for some shrinkage in
margins. On the basis of Uden's operating
performance in years 2001 - 2003 project your
best guess for 2004. Project 2004 based on the
incremental changes for each line item over the
last three years.
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ACC 410 Course Experience Tradition / acc410.com
ACC 410 Week 2 DQ 1 Balance Sheet Verification
Balance Sheet Verification. The best means of
verification of cash, inventory, office
equipment, and nearly all other assets is a
physical count of the units only a physical
count gives the auditors complete assurance as to
the accuracy of the amounts listed on the balance
sheet. Evaluate this statement. Remember to
complete all parts of the problems. Do not forget
to show the necessary steps and explain how you
attained that outcome. Respond to at least two of
your classmates postings
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ACC 410 Course Experience Tradition / acc410.com
ACC 410 Week 2 DQ 2 Accounting Principles
Accounting Principles. Discuss what is meant by
the phrase shopping for accounting principles.
What mechanisms have served to prevent this
practice by management? Remember to complete all
parts of the problems. Do not forget to show the
necessary steps and explain how you attained that
outcome
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ACC 410 Course Experience Tradition / acc410.com
ACC 410 Week 3 Assignment Internal Control Case
Internal Control Case. Complete Case 18-37 (p.
724-725) and submit to instructor. For each of
the following independent cases state the highest
level of deficiency that you believe the
circumstances represent--a control deficiency, a
significant deficiency, or a material weakness
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ACC 410 Course Experience Tradition / acc410.com
ACC 410 Week 3 DQ 1 Audit Programs
Audit Programs. All experienced auditors would
design exactly the same audit program for a
particular audit engagement. Do you agree?
Explain. Remember to complete all parts of the
problems. Do not forget to show the necessary
steps and explain how you attained that outcome
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ACC 410 Course Experience Tradition / acc410.com
ACC 410 Week 3 DQ 2 Internal Control Procedures
Internal Control Procedures. Describe what is
meant by a walk-through. Must walk-throughs be
performed during audits of internal control over
financial reporting? May the client perform a
walk-through and the auditors then review the
clients work? Remember to complete all parts of
the problems. Do not forget to show the necessary
steps and explain how you attained that outcome
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ACC 410 Course Experience Tradition / acc410.com
ACC 410 Week 4 DQ 1 Legal Case
Legal Case. Compare the rights of plaintiffs
under common law with the rights of persons who
purchase securities registered under the
Securities Act of 1933 and sustain losses. In
your answer, emphasize the issue of who must bear
the burden of proof. Remember to complete all
parts of the problems. Do not forget to show the
necessary steps and explain how you attained that
outcome. 
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ACC 410 Course Experience Tradition / acc410.com
ACC 410 Week 4 DQ 2 Ethics Case
Ethics Case. Harris Fell, CPA and member of the
AICPA, was engaged to audit the financial
statements of Wilson Corporation. Fell had
half-completed the audit when he had a dispute
with the management of Wilson Corporation and was
discharged. Hal Compton, CPA, was promptly
engaged to replace Fell. Wilson Corporation did
not compensate Fell for his work to date
therefore, Fell refused to allow Wilson
Corporations management to examine his working
papers. Some of the working papers consisted of
adjusting journal entries and supporting
analysis. Wilson Corporations management had no
other source for this information. Did Fell
violate the AICPA Code of Professional Conduct?
Explain fully. Remember to complete all parts of
the problems. Do not forget to show the necessary
steps and explain how you attained that outcome
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ACC 410 Course Experience Tradition / acc410.com
ACC 410 Week 5 Assignment Audit Report
Modifications Paper
Audit Report Modifications. Complete problem
below. List a represents the types of opinions
the auditor ordinarily would issue and List B
represents the report modifications if any that
would be necessary. Select as the best answer for
each situation items 1 to 6 the type of opinion
and modifications, if any, the auditor would
normally select. The types of opinions in List A
and the report modifications in List B may be
selected once, more than once, or not at all. The
paper should be 2-3 pages. Problem Items 1
through 6 present various independent factual
situations an auditor might encounter in
conducting an audit. For each situation assume
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ACC 410 Course Experience Tradition / acc410.com
ACC 410 Week 5 DQ 1 Audit Reporting
Audit Reporting. Wade Corporation has been your
audit client for several years. At the beginning
of the current year, the company changed its
method of inventory valuation from average cost
to last in, first out (LIFO). The change, which
had been under consideration for some time, was
in your opinion a logical and proper step for the
company to take. What effect, if any, will this
situation have on your audit report for the
current year? Remember to complete all parts of
the problems. Do not forget to show the necessary
steps and explain how you attained that outcome
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ACC 410 Course Experience Tradition / acc410.com
ACC 410 Week 5 DQ 2 Audit Reports
Audit Reports. The auditors do not believe that
certain lease obligations have been reflected in
conformity with generally accepted accounting
principles in the clients financial statements.
What type of opinion should the auditors issue if
they decide that the exceptions are immaterial?
Material?Very material? Remember to complete all
parts of the problems. Do not forget to show the
necessary steps and explain how you attained that
outcome
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ACC 410 Course Experience Tradition / acc410.com
ACC 410 Week 5 Final Paper Audit Plan Keystone
Computers
The final paper will be based on Appendix 6C
Illustrative Audit Case Keystone Computers at
pages 237-244 in your text. Write, in outline
format but in complete sentences, a 6 to 10 page
audit plan. It is recommended that you look at
Figure 18.8 on page 708, which shows the control
objectives related to accounts receivable. In
your audit plan cover the steps necessary to
determine if you should select the client, the
internal control procedures which need to be
reviewed, the substantive tests using accounts
receivable a guide, and the final reporting
steps. Based on the actual facts in the case
determine the emphasis you want to place on
various accounts. Also reflect back over your
entire accounting program and think about how the
accounts are interrelated. For example, when
allowance for doubtful accounts is credited the
offset is to bad debt expense. Therefore one of
the steps should be to trace the debit side of
the entry to the balance for bad debt expense.
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ACC 410 Course Experience Tradition / acc410.com
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The progress of the world depends almost entirely
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