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ACC 422 Experience Tradition/newtonhelp.com

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Title: ACC 422 Experience Tradition/newtonhelp.com


1
ACC 422 Experience Tradition/newtonhelp.Com
2
  • ACC 422 Final Exam Guide (New 2018, With EXCEL
    FILE, Score 29/30)
  •  
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  •  
  • This Tutorial contains excel File which can be
    used to solve for any change in values
  •  
  •  
  • Brief Exercise 7-1
  •  
  • Brief Exercise 7-7
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  • Brief Exercise 7-14
  •  

3
  • ACC 422 Final Exam Guide 1
  •  
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
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  • 1. Kraft Enterprises owns the following assets at 
    December 31, 2012.
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  • Cash in banksavings account
  • 67,516
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  • Checking account balance
  • 26,445
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  • Cash on hand
  • 9,478
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  • Postdated checks 

4
  • ACC 422 Final Exam Guide 2
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  • For more course tutorials visit
  • www.newtonhelp.com
  •  
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  • SET 2
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  • 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,
    then sales

5
  • ACC 422 Final Exam Guide 3
  •  
  • For more course tutorials visit
  • www.newtonhelp.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 in the

6
  • ACC 422 Final Exam Guide All 3 Sets
  •  
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
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  •  
  • 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
    deposit (180-day) 94,754

7
  • ACC 422 Week 1 DQ 1
  •  
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  • 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 an

8
  • ACC 422 Week 1 DQ 2
  •  
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  • 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?

9
  • ACC 422 Week 1 DQ 3
  •  
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  • 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.

10
  •  
  • ACC 422 Week 1 Individual Assignment Disclosure
    Analysis Paper (2 Papers)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  • This Tutorial contains 2 Papers
  •  
  • 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.
  •  

11
  • ACC 422 Week 1 Team Assignment Audited Financial
    Statements (Nordstrom Inc.)
  •  
  • For more course tutorials visit
  • www.newtonhelp.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 fina

12
  • 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 course tutorials visit
  • www.newtonhelp.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)
  •          Concept for Analysis 7-2 (Essay)
  •          Problem 7-4 (Part Level Submission)

13
  • ACC 422 Week 2 DQ 1
  •  
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  •  
  • 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.

14
  • ACC 422 Week 2 DQ 2
  •  
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  •  
  • 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.

15
  • ACC 422 Week 2 DQ 3
  •  
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  •  
  • 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?

16
  • ACC 422 Week 2 Learning Team Assignment (New
    Syllabus)
  •  
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  •  
  • Complete the following three deliverables for
    this assignment as a team
  • 1. The Financial Reporting, Procter Gamble
    Company, p. 379.
  • 2. The Financial Statement Analysis Cases, Case
    1 Occidental Petroleum Corporation, p. 379.
  • 3. Problem 7-6, p. 374

17
  • 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 course tutorials visit
  • www.newtonhelp.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
  •  

18
  • ACC 422 Week 3 DQ 1
  •  
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  • 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.

19
  • ACC 422 Week 3 DQ 2
  •  
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  • 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?

20
  • ACC 422 Week 3 DQ 3
  •  
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  •  
  •  
  • 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?

21
  • ACC 422 Week 3 DQ 4
  •  
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  •  
  • ACC 422 Week 3 DQ 4

22
  • ACC 422 Week 3 Team Assignment (Case 3, CA 8-10,
    Problem 9-3, Problem 9-13)
  •  
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  •  
  • Complete the following four deliverables for this
    assignment as a team
  • 1. Case 3 The Kroger Company, p. 440
  • Complete the following individually and discuss
    your individual answers as a team
  • 1. CA 8-10, p. 437
  • 2. Problem 9-3, p. 483
  • 3. Problem 9-13, p. 487

23
  • ACC 422 Week 3 Wileyplus BE 10-10, Ex 10-3, Ex
    10-13, Ex 11-6 Ex 11-15, Ex 11-24, Ex 12-1, Ex
    12-4, Ex 12-14 (with Excel File)
  •  
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  •  
  • This Tutorial contains Excel File which can be
    used to solve for any values
  •  
  •  
  •  
  •  
  • Complete the following assignments in WileyPLUS
  • Brief Exercise 10-10
  • Exercise 10-3

24
  • ACC 422 Week 4 DQ 1
  •  
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  •  
  • 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 year

25
  • ACC 422 Week 4 DQ 2
  •  
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  • Week 4 DQ 2
  • 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? Expl

26
  • ACC 422 Week 4 DQ 3
  •  
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  • 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?

27
  • ACC 422 Week 4 Team Assignment Problem 10-4,
    Problem 10-6, CA 11-5, Problem 12-2
  •  
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  •  
  • Complete the following individually and discuss
    your individual answers as a team
  • Problem 10-4, p. 543
  • Problem 10-6, p. 544
  • CA 11-5, p. 597
  • Problem 12-2, p. 644
  • After discussing your answers, compile each into
    a team response.
  • Click the Assignment Files tab to submit your
    assignment.
  •  
  •  

28
  • ACC 422 Week 4 WileyPlus Ex 13-2, Ex 13-7, Ex
    13-16, Ex 14-4, Ex 14-6, Ex 14-9, Problem 14-2
    (With Excel File)
  •  
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  •  
  • Complete the following assignments in WileyPLUS
  • Exercise 13-2 (Part Level Submission)
  • Exercise 13-7 (Part Level Submission)
  • Exercise 13-16
  • Exercise 14-4

29
  • ACC 422 Week 5 DQ 1
  •  
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  • 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?

30
  • ACC 422 Week 5 DQ 2
  •  
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  • 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 leas

31
  • ACC 422 Week 5 DQ 3
  •  
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  • 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?

32
  • ACC 422 Week 5 DQ 4
  •  
  • For more course tutorials visit
  • www.newtonhelp.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?

33
  • ACC 422 week 5 Learning Team Problem Presentation
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  • 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 PowerPoi
    nt presentation illustrating your teams
    solution to th

34
  • ACC 422 Week 5 Signature Assignment Presentation
    (Procter and Gamble)
  •  
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  •  
  • Create a 5- to 10-slide presentation and use the
    same publicly traded company selected in Week 2
    to address the following
  • Be sure to use the most recent SEC 10-k or
    Annual report.
  • Identify the Company's current liabilities for
    the past two years?
  • Compare the current portion of long-term debt
    for the past two years?

35
  • ACC 422 Week 5 Team Assignment Problem 13-7,
    13-11, CA 13-3, CA 14-1, CA 14-4, CA 21-4
  •  
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  •  
  • Complete the following individually and discuss
    your individual answers as a team
  • Problem 13-7, p. 700
  • Problem 13-11, p. 701
  • CA 13-3, p. 703
  • CA 14-1, p. 763
  • CA 14-4, p. 765

36
ACC 422 Experience Tradition/newtonhelp.Com
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