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ACC 422 EXPERT Motivating Students to Learn/acc422expert.com

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FOR MORE CLASSES VISIT www.acc422expert.com 1. Kraft Enterprises owns the following assets at December 31, 2012. Cash in bank–savings 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 – PowerPoint PPT presentation

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Title: ACC 422 EXPERT Motivating Students to Learn/acc422expert.com


1
ACC 422 EXPERT Motivating Students to
Learn/acc422expert.com
  • FOR MORE CLASSES VISIT
  • www.acc422expert.com

2
ACC 422 Final Exam Guide 1 FOR MORE CLASSES
VISIT www.acc422expert.com     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
3
ACC 422 Final Exam Guide 2 FOR MORE CLASSES
VISIT www.acc422expert.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, t
4
ACC 422 Final Exam Guide 3 FOR MORE CLASSES
VISIT www.acc422expert.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 i
5
ACC 422 Final Exam Guide All 3 Sets FOR MORE
CLASSES VISIT www.acc422expert.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
Checking account balance 26,445 Cash on hand
9,478 Postdated checks 753 Cash refund due from
IRS 40,324 Certificates of depos
6
ACC 422 Week 1 DQ 1 FOR MORE CLASSES
VISIT www.acc422expert.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?
7
ACC 422 Week 1 DQ 2 FOR MORE CLASSES
VISIT www.acc422expert.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?
8
ACC 422 Week 1 DQ 3 FOR MORE CLASSES
VISIT www.acc422expert.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.
9
ACC 422 Week 1 Individual Assignment Disclosure
Analysis Paper FOR MORE CLASSES
VISIT www.acc422expert.com     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.  
10
ACC 422 Week 1 Team Assignment Audited Financial
Statements (Nordstrom Inc.) FOR MORE CLASSES
VISIT www.acc422expert.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 the
financial statements, including any notes and
supplemental infor hhh
11
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 CLASSES VISIT www.acc422expe
rt.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) C
12
ACC 422 Week 2 DQ 1 FOR MORE CLASSES VISIT
www.acc422expert.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.
13
ACC 422 Week 2 DQ 2   FOR MORE CLASSES
VISIT www.acc422expert.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.
14
ACC 422 Week 2 DQ 3 FOR MORE CLASSES
VISIT www.acc422expert.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?
15
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 CLASSES
VISIT www.acc422expert.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) Exercise 9-2 Exercise 9-7
Exercise 9-17 Exercise 9-18
16
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 CLASSES
VISIT www.acc422expert.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) Exercise 9-2 Exercise 9-7
Exercise 9-17 Exercise 9-18
17
  ACC 422 Week 3 DQ 2 FOR MORE CLASSES
VISIT www.acc422expert.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?
18
ACC 422 Week 3 DQ 3   FOR MORE CLASSES
VISIT www.acc422expert.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?
19
  ACC 422 Week 4 DQ 1   FOR MORE CLASSES
VISIT www.acc422expert.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?
20
ACC 422 Week 4 DQ 2 FOR MORE CLASSES
VISIT www.acc422expert.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.
21
ACC 422 Week 4 DQ 2 FOR MORE CLASSES
VISIT www.acc422expert.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.
22
ACC 422 Week 4 Individual Assignment From The
Text E11-4,E11-11,E12-6 And E12-16 FOR MORE
CLASSES VISIT www.acc422expert.com   ResourceInt
ermediate 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  
23
ACC 422 Week 5 DQ 1 FOR MORE CLASSES
VISIT www.acc422expert.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?
24
ACC 422 Week 5 DQ 2 FOR MORE CLASSES
VISIT www.acc422expert.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?
25
ACC 422 Week 5 DQ 3   FOR MORE CLASSES
VISIT www.acc422expert.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?
26
ACC 422 Week 5 DQ 4 FOR MORE CLASSES
VISIT www.acc422expert.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?
27
ACC 422 Week 5 Learning Team Problem Presentation
FOR MORE CLASSES VISIT www.acc422expert.com Col
laborate 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.  
28
ACC 422 EXPERT Motivating Students to
Learn/acc422expert.com
  • FOR MORE CLASSES VISIT
  • www.acc422expert.com
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