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Title: ACC 422 EXPERT TEACHING EFFECTIVELY / acc422expert.com


1
ACC 422 EXPERT EDUCATION EXPERT / acc422expert.com
  • FOR MORE CLASSES VISIT
  • www.acc422expert.com

2
ACC 422 Entire Course
  • ACC 422 Week 1 DQ 1
  •  
  • ACC 422 Week 1 DQ 2
  •  
  • ACC 422 Week 1 DQ 3
  •  
  • ACC 422 Week 1 Individual Assignment Disclosure
    Analysis Paper
  •  
  • ACC 422 Week 1 Summary
  •  

3
ACC 422 Final Exam Guide 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 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 Boots
    Parkas Historical Cost
    273.79 152.75
    76.37 Selling Price
    312.70 208.95
    106.27 Cost to distribute
    27.38 11.53
    3.60 Current replacement cost
    292.52 151.31 73.49
    Normal profit margin
    46.11 41.79 30.62
    Determine the following Question 3 Matlock
    Company uses a perpetual

4
ACC 422 Final Exam Guide 2
  •  
  • 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 is considered cash??4) If a
    company employs the gross method of recording
    accounts receivable from customers, then sales
    discounts taken should be reported as5) Assuming
    that the ideal measure of short-term receivables
    in the balance sheet is the discounted value of
    the cash to be received in the future, failure to
    follow this practice usually does NOT make the
    balance sheet misleading because6) Which of the
    following methods of determining annual bad debt
    expense best achieves the matching concept?7) The
    accountant for the Orion Sales Company is
    preparing the income statement for 2007 and the
    balance sheet at December 31, 2007. Orion uses
    the periodic inventory system. The January 1,
    2007 merchandise inventory balance will appear8)
    Eller Co. received merchandise on consignment. As
    of January 31, Eller included the goods in
    inventory, but did NOT record the transaction.
    The effect of this on its financial statements
    for January 31 would be9. If the

5
ACC 422 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?

6
ACC 422 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?
  •  
  • Which is the best method? Why?

7
ACC 422 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.

8
ACC 422 Week 1 Individual Assignment Disclosure
Analysis Paper
  • 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.
  •  

9
ACC 422 Week 1 Summary
  • Post a 150 words summary what you have learned
    this week

10
ACC 422 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.

11
ACC 422 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.

12
ACC 422 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?
  •  
  • What is the impact to the companies financial
    statements?

13
ACC 422 Week 2 Individual Assignment E7-2,
E7-8,Q13,E8-5 And E8-14
  • ResourceIntermediate Accounting
  •  
  • Prepare written responses to the following
    assignments from the text
  •  
  •  
  • Ch. 7 Exercises E7-2 E7-8
  •  
  • Ch. 8 Question 13 and Exercises E8-5 E8-14

14
ACC 422 Week 2 Learning Team Assignment From The
Text P7-10 And E8-25
  • ResourceIntermediate Accounting
  •  
  • Prepare written responses to the following
    assignments from the text
  •  
  •  
  • Ch. 7 Problem P7-10
  •  
  • Ch. 8 Exercise E8-25

15
ACC 422 Week 2 Summary
  • Post a 150 words summary what you have learned
    this week

16
ACC 422 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.
  •  
  • Should the financial statements reflect the value
    of fixed assets? Explain why or why not.

17
ACC 422 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?

18
ACC 422 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?
  •  
  • What is the implication to the financial
    statements?

19
ACC 422 Week 3 Individual Assignment From the
Text E9-1,E9-12,E9-19,E10-5 And E10-12
  • ResourceIntermediate Accounting
  •  
  • Prepare written responses to the following
    assignments from the text
  •  
  •  
  • Ch. 9 Exorcices E9-1, E9-12, E9-19
  •  
  • Ch. 10 Exercises E10-5 E10-12

20
ACC 422 Week 3 Learning Team Assignment From The
Text P9-9 And P10-8
  • ResourceIntermediate Accounting
  •  
  • Prepare written responses to the following
    assignments from the text
  •  
  •  
  • Ch. 9 Problem P9-9
  •  
  • Ch. 10 Problem P10-8

21
ACC 422 Week 3 Summary
  • Post a 150 words summary what you have learned
    this week

22
ACC 422 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?
  •  
  • What is the implication of misclassifying a
    liability as current or long-term?

23
ACC 422 Week 4 DQ 2
  • What is a contingency?
  •  
  • Why are contingencies important to users of
    financial statements?
  •  
  • What are the criteria for recording
    contingencies?
  •  

24
ACC 422 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?

25
ACC 422 Week 4 Individual Assignment From The
Text E11-4,E11-11,E12-6 And E12-16
  • ResourceIntermediate Accounting
  •  
  • Prepare written responses to the following
    assignments from the text
  •  
  •  
  • Ch. 11 Exercises E11-4 E11-11
  •  
  • Ch. 12 Exercises E12-6 E12-16

26
ACC 422 Week 4 Learning Team Assignment From The
Text E11-18,P11-10 And P12-3
  • ResourceIntermediate Accounting
  •  
  • Prepare written responses to the following
    assignments from the text
  •  
  •  
  • Ch. 11 Exercise E11-18 Problem
    P11-10
  •  
  • Ch. 12 Problem P12-3

27
ACC 422 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?

28
ACC 422 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?

29
ACC 422 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?

30
ACC 422 Week 5 Individual Assignment From The
Text E13-1,E13-7,E13-11 And E13-13
  • ResourceIntermediate Accounting
  • Prepare written responses to the following
    assignments listed at the end of each chapter
  • Ch. 13 Exorcices E13-1, E13-7, E13-11,
    E13-13
  • Ch. 21 Question 3
  •  

31
ACC 422 Week 5 Learning Team Assignment From The
Text P13-4,E14-21 And E21-7
  • ResourceIntermediate Accounting
  •  
  • Prepare written responses to the following
    assignments from the text
  •  
  •  
  • Ch. 13 Problem P13-4
  •  
  • Ch. 14 Exercise E14-21
  •  
  • Ch. 21 Exercise E21-7
  •  

32
ACC 422 Week 5 Learning Team Problem Presentation
  • 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.
  •  

33
ACC 422 EXPERT EDUCATION EXPERT / acc422expert.com
  • FOR MORE CLASSES VISIT
  • www.acc422expert.com
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