ACC 305 (Ash) Reading feeds the Imagination/Uophelpdotcom

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ACC 305 (Ash) Reading feeds the
Imagination/Uophelpdotcom

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ACC 305 Entire Course (Ash Course)

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• ACC 305 Week 1 Assignments E 3-18, E 3-20, J Case
  3-5
• ACC 305 Week 1 DQ 1 FASB and Ethics
• ACC 305 Week 1 DQ 2 Cash versus Accrual
  Financial Disclosures
• ACC 305 Week 2 DQ 1 Earnings Management Case 4-3
• ACC 305 Week 2 DQ 2 Revenue Recognition Case 5-2
• ACC 305 Week 2 Problem E4-16 Bluebonnet Bakers
• ACC 305 Week 2 Problem E4-19 Wainwright
  Corporation
• ACC 305 Week 2 Problem E4-22 Tiger Enterprises
• ACC 305 Week 2 Problem E5-3 Installment sales
• ACC 305 Week 2 Problem E5-10 Project Contracts
• ACC 305 Week 2 Problem Integrating Case 5-23
• ACC 305 Week 2 Problem Judgment Case 4-9
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ACC 305 Week 1 Assignments E 3

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• ACC 305 Week 1 Assignments E 3-18, E 3-20, J Case
  3-5

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ACC 305 Week 1 DQ 1 FASB and Ethics

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• Research Case 1-3 (page 45)
• The purpose of this case is to introduce you to
  the information available on the website of the
  Financial Accounting Standards Board (FASB).
• Required
• Access the FASB home page on the Internet. The
  web address is www.fasb.org. Answer the following
  questions.
• 1. Describe the mission of the FASB.
• 2. Who are the current Board members? Briefly
  describe their backgrounds.
• 3. How are topics added to the FASBs
  technical agenda?
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ACC 305 Week 1 DQ 2 Cash versus Accrual

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• Judgment Case 2-1 (page 109)
• You have recently been hired by Davis Company,
  a small public accounting firm. One of the firms
  partners, Alice Davis, has asked you to deal with
  a disgruntled client, Mr. Sean Pitt, owner of the
  citys largest hardware store. Mr. Pitt is
  applying to a local bank for a substantial loan
  to remodel his store. The bank requires accrual
  based financial statements but Mr. Pitt has
  always kept the companys records on a cash
  basis. He does not see the purpose of accrual
  based statements. His most recent outburst went
  something like this After all, I collect cash
  from customers, pay my bills in cash, and I am
  going to pay the bank loan with cash. And, I
  already show my building and equipment as assets
  and depreciate them. I just dont understand the
  problem.  
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ACC 305 Week 2 DQ 1 Earnings Management Case 4

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• Judgment Case 4-3 (page 225)
• Companies often are under pressure to meet or
  beat Wall Street earnings projections in order to
  increase stock prices and also to increase the
  value of stock options. Some resort to earnings
  management practices to artificially create
  desired results.
• Required
• Is earnings management always intended to produce
  higher income? Explain.
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ACC 305 Week 2 DQ 2 Revenue Recognition Case 5

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• Judgment Case 5-2 (page 291)
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• Revenue earned by a business enterprise is
  recognized for accounting purposes at different
  times, according to the circumstances. In some
  situations revenue is recognized approximately as
  it is earned in the economic sense. In other
  situations revenue is recognized at point of
  delivery.
• Required
• 1. Explain and justify why revenue often is
  recognized as earned at point of delivery.
• 2. Explain in what situations it would be useful
  to recognize revenue as the productive activity
  takes place.
• 3. At what times, other than those included in
  (1) and (2) above, may it be appropriate to
  recognize revenue?
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ACC 305 Week 2 Problem E1

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• ACC 305 Week 2 Problem E4-19 Wainwright
  Corporation
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ACC 305 Week 2 Problem E2

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• ACC 305 Week 2 Problem E4-22 Tiger Enterprises
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ACC 305 Week 2 Problem E3

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• ACC 305 Week 2 Problem E5-10 Project Contracts
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ACC 305 Week 2 Problem E4

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• ACC 305 Week 2 Problem E4-16 Bluebonnet Bakers
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ACC 305 Week 2 Problem E5

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• ACC 305 Week 2 Problem E5-3 Instalment sales
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ACC 305 Week 2 Problem Integrating Case 5

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• ACC 305 Week 2 Problem Integrating Case 5-23
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ACC 305 Week 2 Problem Judgment Case 4

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• ACC 305 Week 2 Problem Judgment Case 4-9
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ACC 305 Week 3 Communication Case 6

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• ACC 305 Week 3 Communication Case 6-3
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• Communication Case 6-3 on page 334
• Harvey Alexander, an all-league professional
  football player, has just declared free agency.
  Two teams, the San Francisco 49ers and the Dallas
  Cowboys, have made Harvey the following offers to
  obtain his services
• 49ers 1 million signing bonus payable
  immediately and an annual salary of 1.5 million
  for the five-year term of the contract.
• Cowboys 2.5 million signing bonus payable
  immediately and an annual salary of 1 million
  for the five-year term of the contract.
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ACC 305 Week 3 Judgment Case 7

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• ACC 305 Week 3 Judgment Case 7-5
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• Judgment Case 7-5 on page 391
• For each of the following independent situations,
  indicate the apparent internal control weaknesses
  and suggest alternative procedures to eliminate
  the weaknesses.
• 1. John Smith is the petty cash custodian. John
  approves all requests for payment out of the 200
  fund, which is replenished at the end of each
  month. At the end of each month, John submits a
  list of all accounts and amounts to be charged
  and a check is written to him for the total
  amount. John is the only person ever to tally the
  fund.
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ACC 305 Week 3 P1

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• ACC 305 Week 3 P7-14 El Gato Painting Company
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ACC 305 Week 3 P7

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• ACC 305 Week 3 P7-10, P7-14
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ACC 305 Week 4 Assignment E8

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• ACC 305 Week 4 Assignment E8-13, E8-14, E8-18,
  P8-5, E9-19, E9-21, P9-1
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ACC 305 Week 4 Communication Case 8

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• ACC 305 Week 4 Communication Case 8-4
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• Communication Case 8-4 on page 442
• You have just been hired as a consultant to
  Tangier Industries, a newly formed company. The
  company president, John Meeks, is seeking your
  advice as to the appropriate inventory method
  Tangier should use to value its inventory and
  cost of goods sold. Mr. Meeks has narrowed the
  choice to LIFO and FIFO. He has heard that LIFO
  might be better for tax purposes, but FIFO has
  certain advantages for financial reporting to
  investors and creditors. You have been told that
  the company will be profitable in its first year
  and for the foreseeable future.
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ACC 305 Week 4 Ethics Case 9

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• Ethics Case 9-11 on page 497
• Danville Bottlers is a wholesale beverage
  company. Danville uses the FIFO inventory method
  to determine the cost of its ending inventory.
  Ending inventory quantities are determined by a
  physical count. For the fiscal year- end June 30,
  2011, ending inventory was originally determined
  to be 3,265,000. However, on July 17, 2011, John
  Howard, the companys controller, discovered an
  error in the ending inventory count. He
  determined that the correct ending inventory
  amount should be 2,600,000.
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ACC 305 Week 5 Ethics Case 10

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• ACC 305 Week 5 Ethics Case 10-12
• Ethics Case 10-12 on page 553 - Mayer
  Biotechnical, Inc - Research and development ?
  LO8
• Mayer Biotechnical, Inc., develops, manufactures,
  and sells pharmaceuticals. Significant research
  and development (RD) expenditures are made for
  the development of new drugs and the improvement
  of existing drugs. During 2011, 220 million was
  spent on RD. Of this amount, 30 million was
  spent on the purchase of equipment to be used in
  a research project involving the development of a
  new antibiotic.

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ACC 305 Week 5 Final Paper

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• Focus of the Final PaperSubmit a seven to ten
  page paper on one of the major topics listed
  below. The paper should incorporate at least
  three other appropriately documented and related
  articles drawn from the Universitys Library.
  (Note you may advance your own topic, but it
  must be approved by your instructor.)
• Explain the role of the FASB in monitoring and
  controlling business reporting and accounting
  practices in the modern organization. In what
  ways do FASB rules limit business practices and
  reporting financial information? How do such
  rules and regulations protect the business and
  public stakeholder communities? To whom is the
  FASB accountable and who appoints members to
  FASB?
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ACC 305 Week 5 P11

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• ACC 305 Week 5 P11-5, P11-7
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ACC 305 Week 5 Problem E11

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• ACC 305 Week 5 Problem E11-5, E11-10

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ACC 305 (Ash) Reading feeds the
Imagination/Uophelpdotcom

• For more course tutorials visit
• www.uophelp.com