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ACC 497 Expect Success/newtonhelp.com

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For more course tutorials visit www.newtonhelp.com This Tutorial contains knowledge Check as well (Please check Questions) ACC 497 Final Exam Guide (New, 2017) ACC 497 Week 1 Knowledge Check ACC 497 Week 2 Team Accounting for Employee Stock Options – PowerPoint PPT presentation

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Title: ACC 497 Expect Success/newtonhelp.com


1
ACC 497 Expect Success/newtonhelp.com
2
ACC 497 Expect Success/newtonhelp.com
  • ACC 497 Entire Course (With New Final Guide)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  •  
  • This Tutorial contains knowledge Check as well
    (Please check Questions)
  •  
  •  
  • ACC 497 Final Exam Guide (New, 2017)
  • ACC 497 Week 1 Knowledge Check
  • ACC 497 Week 2 Team Accounting for Employee Stock
    Options

3
ACC 497 Expect Success/newtonhelp.com
  • ACC 497 Final Exam Guide (New, 2017)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  •  
  • 1.
  • An unmodified audit opinion rendered on a
    governmental unit's basic financial statements
    means those statements
  •  
  • Have been certified as free from error.
  • Present the entity's financial position fairly in
    conformity with GAAP.
  • Did not require modifications by the auditor.
  • All of the above.

4
ACC 497 Expect Success/newtonhelp.com
  • ACC 497 Final Exam Guide (New, 2018)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  •  
  • 1.
  • An unmodified audit opinion rendered on a
    governmental unit's basic financial statements
    means those statements
  •  
  • Have been certified as free from error.
  • Present the entity's financial position fairly in
    conformity with GAAP.
  • Did not require modifications by the auditor.
  • All of the above.

5
ACC 497 Expect Success/newtonhelp.com
  •  
  • ACC 497 Week 1 Case Study Cash Basis or Accrual
    Basis? (2 Sets)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  •  
  • This Tutorial contains two papers (different)
  •  
  • Resources Brain Teaser 4 Cash Basis or Accrual
    Basis? in Ch. 4 of Mastery of the Financial
    Accounting Research System (FARS) Through Cases
  •  
  • Write a 350- to 700-word response to the
    questions that follow the case study.
  •  

6
ACC 497 Expect Success/newtonhelp.com
  • ACC 497 Week 1 DQ 1
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  •  
  • What is the FASB Codification System? What is the
    purpose of the FASB Codification System? How can
    it be used to make better accounting decisions?

7
ACC 497 Expect Success/newtonhelp.com
  • ACC 497 Week 1 DQ 2
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  •  
  • What are Generally Accepted Accounting Principles
    (GAAP)? How do GAAP affect financial reporting?
    How might GAAP need to change to accommodate
    todays dynamic business environment?

8
ACC 497 Expect Success/newtonhelp.com
  • ACC 497 Week 1 FASB Codification System (2
    Papers)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  • ACC 497 Week 1 FASB Codification System
  • Access the FASB Online website and familiarize
    yourself with the contents.
  • Write a 350- to 700-word paper in which you
    answer the following questions
  • ? What is the FASB Codification System?
  • ? What is the purpose of the FASB Codification
    System?

9
ACC 497 Expect Success/newtonhelp.com
  • ACC 497 Week 1 Individual Assignment FASB
    Codification System Orientation Paper
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  • Resources FASB Codification System website
    accessible through the FASB Online link located
    on your student website
  • Access the FASB Online website and familiarize
    yourself with the contents.
  • Write a 350-word paper in which you answer the
    following questions

10
ACC 497 Expect Success/newtonhelp.com
  • ACC 497 Week 1 Knowledge Check
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  • 1.
  • Refer to the following selected financial
    information from McCormik, LLC. Compute the
    company's working capital for Year 2.
  •  
  • 257,000.
  • 178,000.
  • 270,500.
  • 142,500.

11
ACC 497 Expect Success/newtonhelp.com
  • ACC 497 Week 2 Accounting Ethics
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  • Review the following case study
  • When the FASB issues new standards, the
    implementation date is often 12 months from date
    of issuance, and early implementation is
    encouraged. Becky Hoger, controller, discusses
    with her financial vice president the need for
    early implementation of a standard that would
    result in a fairer presentation of the company's
    financial condition and earnings.

12
ACC 497 Expect Success/newtonhelp.com
  • ACC 497 Week 2 Discussion (LIFO)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  • ACC 497 Week 2 Discussion
  • Discuss the following
  •   Client X contacted you for clarification and
    recommendations on how the use of the LIFO method
    to value its inventories will be impacted if a
    switch to financial statements prepared in
    compliance with IFRS will be made.

13
ACC 497 Expect Success/newtonhelp.com
  • ACC 497 Week 2 DQ 1
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  • What are at least three International Accounting
    Standards? Are these standards the same as U.S.
    standards? Explain your response. Is it necessary
    to have global standards? Explain your response.

14
ACC 497 Expect Success/newtonhelp.com
  • ACC 497 Week 2 DQ 2
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  • What are some nonfinancial performance measures?
    What do they tell us about the performance of an
    organization? Why is it important for managers to
    include nonfinancial performance standards in
    their analysis of their operations?

15
ACC 497 Expect Success/newtonhelp.com
  • ACC 497 Week 2 Individual Assignment Financial
    Statements Paper Part I (2 Papers)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  • This Tutorial contains 2 different Papers
  •  
  • Resources Appendix A The Home Depot, Inc.
    Annual Report in Fundamentals of Financial
    Accounting
  • Write a 1,050- to 1,750-word paper in which you
    answer the following questions
  •  

16
ACC 497 Expect Success/newtonhelp.com
  • ACC 497 Week 2 Knowledge Check
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  • 1.
  • Via Gelato is a popular neighborhood gelato shop.
    The company has provided the following data
    concerning its operations
  •  
  •  
  •  
  • While gelato is sold by the cone or cup, the shop
    measures its activity in terms of the total
    number of liters of gelato sold. For example,
    wages should be 5,900 plus 1.70 per liter of
    gelato sold and the actual wages for June were
    15,900. Via Gelato expected to sell 6,000 liters
    in June, but actually sold 6,200 liters.

17
ACC 497 Expect Success/newtonhelp.com
  • ACC 497 Week 2 Team Accounting for Employee Stock
    Options
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  • Discuss with your team the following case study
  • Client X offers a generous employee compensation
    package that includes employee stock options. The
    exercise price has always been equal to the
    market price of the stock at the date of grant.
    The corporate controller, John Jones, believes
    that employee stock options, like all obligations
    to issue the corporation's own stock, are equity

18
ACC 497 Expect Success/newtonhelp.com
  • ACC 497 Week 2 Team Assignment Case Study
    Assignment (2 Papers)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  • This Tutorial contains 2 different Papers
  •  
  • Resources Ch. 1 2 of Financial Accounting
    Theory and Analysis Text and Cases
  • Write a 350-word response for each of the
    following cases answering the questions located
    at the end of each case.
  •  
  • Case 1-3 Politicalization of Accounting Standards
    in Ch. 1
  • Case 1-4 Generally Accepted Accounting Principles
    in Ch. 1

19
ACC 497 Expect Success/newtonhelp.com
  • ACC 497 Week 2 Textbook Cases Case 1-1, Case 1-3,
    Case 2-2 (New Syllabus)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  • ACC 497 Week 2 Textbook Cases
  • Write a 350- to 700-word response for each of the
    following cases answering the questions located
    at the end of each case.
  • ? Case 1-1 Generally Accepted Accounting
    Principles on page 28)
  • ? Case 1-3 Politicization of Accounting Standards
    (page 28)
  • ? Case 2-2 The Theoretical Foundation of
    Accounting Principles (page 75) 

20
ACC 497 Expect Success/newtonhelp.com
  • ACC 497 Week 3 Accounting for Investments
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  • Review the following case study
  • FASB ASC 320 requires companies to assign their
    portfolio of investment securities into
  • Trading securities.
  • Securities available for sale.
  • Held-to-maturity securities.
  • Write a response of no more than 1,500 words in
    which you answer the following
  • Define each of these categories of securities
    and discuss the accounting treatment for each
    category.

21
ACC 497 Expect Success/newtonhelp.com
  • ACC 497 Week 3 DQ 1
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  • What is tax research? What is the purpose of
    conducting tax research? Are results of tax
    research conclusive? Explain your response.

22
ACC 497 Expect Success/newtonhelp.com
  • ACC 497 Week 3 DQ 2
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  •  
  •  
  • What is the purpose of tax planning? How do we
    conduct tax planning? How could tax planning lead
    to unethical behavior?
  • Resources Ch. 1 of Prentice Halls Federal
    Taxation 2011 Individuals
  • Respond to the following problems by conducting
    tax research and including tax-planning advice
  •  
  • I1-48 Tax Strategy Problem

23
ACC 497 Expect Success/newtonhelp.com
  • ACC 497 Week 3 Individual Assignment Financial
    Statements Paper Part II (2 Papers)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  •  
  •  
  • This Tutorial contains 2 different Papers
  •  
  • Resources Appendix A, The Home Depot, Inc.
    Annual Report in Fundamentals of Financial
    Accounting
  • Write a 1,050- to 1,750-word paper in which you
    address the following
  •  

24
ACC 497 Expect Success/newtonhelp.com
  • ACC 497 Week 3 Individual Assignment From the
    Readings Exercise 17(E1-17)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  •  
  •  
  • Resources Ch. 1 of Managerial Accounting Tools
    for Business Decision Making
  • Prepare a written response to the following
    exercise
  •  
  • Exercise 17 (E1-17) at the end of Ch. 1

25
ACC 497 Expect Success/newtonhelp.com
  • ACC 497 Week 3 Knowledge Check
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  • 1.
  •  
  • The estate of Monique Chablis earned 450 of
    income this year. Is the estate required to file
    an income tax return?
  •  
  •  
  • 2.
  • Congress would like to increase tax revenues by 5
    percent. Assume that the average taxpayer in the
    United States earns 40,000 and pays an average
    tax rate of 20 percent.
  •  

26
ACC 497 Expect Success/newtonhelp.com
  • ACC 497 Week 3 Learning Team Assignment From the
    Reading (2 Sets)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  •  
  •  
  • Resources Ch. 1 of Managerial Accounting Tools
    for Business Decision Making
  • Write responses to the following assignment
  •  
  • Broadening Your Perspective, Managerial Analysis
    (BYP1-2) at the end of Ch. 1
  • Related Tutorials

27
ACC 497 Expect Success/newtonhelp.com
  • ACC 497 Week 3 Learning Team Case Study
    Assignment (2 Papers)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  •  
  •  
  • This Tutorial contains 2 different Papers
  •  
  • Resources Case 3-5 International versus U.S.
    Standards in Ch. 3 of Financial Accounting Theory
    and Analysis Text and Cases
  • Write a 350- to 700-word response to the
    questions located at the end of the case study.

28
ACC 497 Expect Success/newtonhelp.com
  • ACC 497 Week 3 Learning Team Discussion (Interest
    Cost on Construction)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  •  
  • ACC 497 Week 3 Learning Team Discussion
  • Discuss the following as a team
  •   Client X contacted you for clarification and
    recommendations regarding whether interest cost
    on construction of a new warehouse may be
    included in the cost of the new warehouse.
  • Write a 350 word summary of the discussion.

29
ACC 497 Expect Success/newtonhelp.com
  • ACC 497 Week 3 Team Assignment Interest Cost
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  •  
  • Discuss with your team the following case study
  • Client X contacted you for clarification and
    recommendations regarding whether the interest
    cost on construction of a new warehouse may be
    included in the cost of the new warehouse.
  • Write a team consensus response of no more than
    700 words to include the following

30
ACC 497 Expect Success/newtonhelp.com
  • ACC 497 Week 3 Textbook Problems (New Syllabus)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  •  
  • ACC 497 Week 3 Textbook Problems
  • Complete Problem Assignments 1-15.
  • Click the Assignment Files tab to submit your
    assignment
  • What are consumption taxes?
  •  
  • Differentiate horizontal from vertical equity.
  •                 
  • When was the constitutional amendment permitting
    an income tax ratified?

31
ACC 497 Expect Success/newtonhelp.com
  • ACC 497 Week 4 DQ 1
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  •  
  • What are the risks and liability factors in an
    audit? What are the implications to the auditor?
    What are the implications to the organization?
    How can the auditor mitigate these risks and
    liability factors? 

32
ACC 497 Expect Success/newtonhelp.com
  • ACC 497 Week 4 DQ 2
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  •  
  • What is the Sarbanes-Oxley Act? How does act
    affect the audits for the accounting firm and for
    the organization? Has the Sarbanes-Oxley Act
    improved the quality of the audit? Explain your
    response.

33
ACC 497 Expect Success/newtonhelp.com
  • ACC 497 Week 4 Income Tax Implication of Capital
    Investment Decisions
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  •  
  • Read the following case study
  • The Whitley Corporation's year-end is December
    31. It is now October 1, 2013. The Whitley
    management team is taking a look at the prior
    nine months and attempting to make some
    short-term strategy decisions.
  • Whitley has experienced steady growth over the
    five preceding years. The result has been a
    steadily increasing EPS. Last year, Whitley
    reported an EPS of 1.95.

34
ACC 497 Expect Success/newtonhelp.com
  • ACC 497 Week 4 Individual Assignment From the
    Reading
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  •  
  • ACC 497 Week 4 Individual Assignment From the
    Reading

35
ACC 497 Expect Success/newtonhelp.com
  • ACC 497 Week 4 International Versus U.S.
    Standards
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  •  
  • ACC 497 Week 4 International Versus U.S.
    Standards
  • Write a 700- to 1,050-word response to the
    questions located at the end of the following
    case
  • ? Case 3-5 International versus U.S. Standards
    (page 114)
  • Format your paper consistent with APA guidelines.
  • Click the Assignment Files tab to submit your
    assignment.

36
ACC 497 Expect Success/newtonhelp.com
  • ACC 497 Week 4 knowledge Check
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  •  
  • 1.
  •  
  •  
  • A public entity changed from the straight-line
    method to the declining balance method of
    depreciation for all newly acquired assets. This
    change has no material effect on the current
    years financial statements but is reasonably
    certain to have a substantial effect in later
    years. The clients financial statements contain
    no material misstatements and the auditor concurs
    with this change.

37
ACC 497 Expect Success/newtonhelp.com
  • ACC 497 Week 4 Learning Team Assignment From the
    Reading
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  •  
  • Resources Ch. 15 of Prentice Halls Federal
    Taxation 2011 Individuals
  • Conduct tax research and formulate tax-planning
    advice in your response to the following
    problems
  •  
  • I15-61 Tax Strategy Problem

38
ACC 497 Expect Success/newtonhelp.com
  • ACC 497 Week 4 Learning Team Discussion (300
    Words)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  •  
  • ACC 497 Week 4 Learning Team Discussion
  • Discuss the following as a team
  •   Client X contacted you for clarification and
    recommendations regarding in what instances
    should goodwill be adjusted for impairment?
  • Write a 350 word summary of the discussion.

39
ACC 497 Expect Success/newtonhelp.com
  •  
  • ACC 497 Week 4 Team Goodwill
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  •  
  • Discuss with your team the following case study
  • Client X contacted you for clarification and
    recommendations regarding the instances when
    goodwill should be adjusted for impairment.
  • Write a team consensus response of no more than
    700 words to include the following
  • Provide detailed rational of why goodwill must
    be adjusted for impairment.

40
ACC 497 Expect Success/newtonhelp.com
  • ACC 497 Week 5 DQ 1
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  •  
  • What are the differences in reporting guidance in
    a for-profit and not-for-profit organization?
    What are the similarities in reporting guidance
    in a for-profit and not-for-profit organization?
    How do these differences and similarities affect
    the comparability of financial reports? Should
    these reports be comparable? Explain your
    response.

41
ACC 497 Expect Success/newtonhelp.com
  • ACC 497 Week 5 DQ 2
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  •  
  • What are the differences in financial reporting
    in a for-profit and government organization? What
    are the similarities in financial reporting in a
    for-profit and government organization? How do
    these differences and similarities affect the
    comparability of financial reports? Should these
    reports be comparable? Explain your response.

42
ACC 497 Expect Success/newtonhelp.com
  • ACC 497 Week 5 FARS Case (2 Papers)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  •  
  • ACC 497 Week 5 FARS Case
  • Write a 1,050- to 1,400-word response in which
    you address the following questions from Case 3,
    Charitable Contributions and Debt A Comparison
    of St. Jude Childrens Research Hospital/ALSAC
    and Universal Health Services
  • ? Questions from Requirement A

43
ACC 497 Expect Success/newtonhelp.com
  • ACC 497 Week 5 Individual Assignment from the
    Text
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  •  
  • Resources Ch. 4 5 of Modern Auditing
  • Write answers to the following problems
  • Learning Check 415 417 in Ch. 4
  • Comprehensive Questions 534 535 in Ch. 5

44
ACC 497 Expect Success/newtonhelp.com
  • ACC 497 Week 5 Knowledge Check
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  •  
  • 1.
  • Which of the following factors would not indicate
    that a potential component unit (PCU) imposes a
    financial burden or provides a financial benefit
    to the primary government?
  •  
  • The primary government is obligated to provide
    financial support to the PCU.
  • The primary government is obligated for the PCU's
    debt.

45
ACC 497 Expect Success/newtonhelp.com
  • ACC 497 Week 5 Learning Team Case Study
    Assignment (2 Papers)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  •  
  • This Tutorial contains 2 different Papers
  •  
  • Resources Case 3 Charitable Contributions and
    Debt A Comparison of St. Jude Childrens
    Research Hospital/ALSAC and Universal Health
    Services located on your student website in Ch. 5
    of Mastery of the Financial Accounting Research
    System (FARS) Through Cases
  •  

46
ACC 497 Expect Success/newtonhelp.com
  • ACC 497 Week 5 Learning Team Case Study
    Presentation (2 Sets)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  •  
  • This Tutorial contains 2 different Presentations
  •  
  • Create 5- or 6-slide Microsoft PowerPoint presen
    tation with speaker notes illustrating your
    findings to Case 3, Charitable Contributions and
    Debt A
  • Comparison of St. Jude Childrens Research
    Hospital/ALSAC and Universal Health Services in
    Ch. 5 of Mastery of the Financial Accounting
    Research
  • System (FARS) Through Cases.

47
ACC 497 Expect Success/newtonhelp.com
  • ACC 497 Week 5 Signature Assignment FARS Case
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  •  
  • About Your Signature Assignment
  • Signature/Benchmark Assignments are designed to
    align with specific program student learning
    outcome(s) in your program. Program Student
    Learning Outcomes are broad statements that
    describe what students should know and be able to
    do upon completion of their degree.
    Signature/Benchmark Assignments are graded with a
    grading guide or an automated rubric that allows
    the University to collect data that can be
    aggregated across a location or college/school
    and used for course/program improvements.  

48
ACC 497 Expect Success/newtonhelp.com
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