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ACC 492 TUTOR Education Your Life--

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1 ACC 492 TUTOR Education Your Life-- www.acc492tutor.com

2 ACC 492 Week 1 Current Issue Summary FOR MORE CLASSES VISIT www.acc492tutor.com ACC 492 Week 1 Current Issue Summary Write a 175- to 350- word summary. Research a recent article on sampling as it relates to financial statement auditing. ACC 492 TUTOR Education Your Life-- www.acc492tutor.com

3 ACC 492 Week 1 DQ 1(New) FOR MORE CLASSES VISIT www.acc492tutor.com What account balances are included in a revenue and collection cycle? What specific control procedures should be in place and operating in internal control governing revenue recognition ACC 492 TUTOR Education Your Life-- www.acc492tutor.com

4 ACC 492 Week 1 DQ 2(New) FOR MORE CLASSES VISIT www.acc492tutor.com Why is it important to place emphasis on the existence and rights (ownership) assertions when auditing accounts receivable? ACC 492 TUTOR Education Your Life-- www.acc492tutor.com

5 ACC 492 Week 2 Current Issue Summary Auditing Cash, Financial Instruments, Sales, or Receivables FOR MORE CLASSES VISIT www.acc492tutor.com ACC 492 Week 2 Current Issue Summary Write a 175- to 350- word summary. Research a recent article on auditing cash, financial instruments, sales, or receivables ACC 492 TUTOR Education Your Life-- www.acc492tutor.com

6 ACC 492 Week 2 DQ 1(New) FOR MORE CLASSES VISIT www.acc492tutor.com How might a purchasing manager use his or her position to defraud the company? What can be done to prevent it? Where could an auditor look to find evidence ACC 492 TUTOR Education Your Life-- www.acc492tutor.com

7 ACC 492 Week 2 DQ 2(New) FOR MORE CLASSES VISIT www.acc492tutor.com Why does the auditor examine travel and entertainment expenses? What would poor controls regarding executive reimbursements say about ACC 492 TUTOR Education Your Life-- www.acc492tutor.com

8 ACC 492 Week 2 Textbook Problem 23-20, 14-26 FOR MORE CLASSES VISIT www.acc492tutor.com 23-20 (Objectives 23-3, 23-4) The following are misstatements that might be found in the client's year-end cash balance (assume that the balance sheet date is June 30): 1.The outstanding checks on the June 30 bank reconciliation were underfooted by $2,000 ACC 492 TUTOR Education Your Life-- www.acc492tutor.com

9 ACC 492 Week 3 Current Issue Summary Auditing Inventory, Warehouse, or Payroll Cycles FOR MORE CLASSES VISIT www.acc492tutor.com ACC 492 Week 3 Current Issue Summary Auditing Inventory, Warehouse, or Payroll Cycles Write a 525- to 700-word summary ACC 492 TUTOR Education Your Life-- www.acc492tutor.com

10 ACC 492 Week 3 DQ 1(New) FOR MORE CLASSES VISIT www.acc492tutor.com What internal control components are common among long- term assets, liabilities, and equity accounts? What components are unique to each ACC 492 TUTOR Education Your Life-- www.acc492tutor.com

11 ACC 492 Week 3 DQ 2(New) FOR MORE CLASSES VISIT www.acc492tutor.com What are the key management assertions related to equity? What are the most important assertions related equity? How will auditors test these assertions? ACC 492 TUTOR Education Your Life-- www.acc492tutor.com

12 ACC 492 Week 3 Team Assignment Inventory, Warehousing, and Payroll accounts and cycles (Walmart, 2000 Words) FOR MORE CLASSES VISIT www.acc492tutor.com Inventory, Warehousing, and Payroll accounts and cycles Consider and discuss the specific risks and nature of the company you will be auditing ACC 492 TUTOR Education Your Life-- www.acc492tutor.com

13 ACC 492 Week 3 textbook assignment 20-20, 21-21 FOR MORE CLASSES VISIT www.acc492tutor.com ACC 492 Week 3 textbook assignment 20-20 (Objectives 20-2, 20-3) Following are some of the tests of controls and substantive tests of transactions procedures often performed in the payroll and personnel cycle. (Each procedure is to be done on a sample ACC 492 TUTOR Education Your Life-- www.acc492tutor.com

14 ACC 492 Week 4 Current Issue Summary auditing acquisitions, payments, property plant and equipment FOR MORE CLASSES VISIT www.acc492tutor.com ACC 492 Week 4 Current Issue Summary Write a 525- to 700- word summary. Research a recent article on auditing acquisitions, payments, property ACC 492 TUTOR Education Your Life-- www.acc492tutor.com

15 ACC 492 Week 4 DQ 1(New) FOR MORE CLASSES VISIT www.acc492tutor.com What are the steps that are required for an ACC 492 TUTOR Education Your Life-- www.acc492tutor.com

16 ACC 492 Week 4 DQ 2(New) FOR MORE CLASSES VISIT www.acc492tutor.com What types of opinions does an auditor issue other than unqualified? How does an opinion other than unqualified affect the client? In your opinion, ACC 492 TUTOR Education Your Life-- www.acc492tutor.com

17 ACC 492 Week 4 Team Assignment Acquisition, Payment, Property Plant, and Equipment Notes Payable and Owner’s Equity and cycles (Walmart) FOR MORE CLASSES VISIT www.acc492tutor.com ACC 492 Week 4 Team Assignment Consider and discuss the specific risks and nature of the company you will be auditing and create comprehensive work programs for the Acquisition, Payment, Property Plant, and Equipment (Fixed Assets), Notes Payable and Owner’s ACC 492 TUTOR Education Your Life-- www.acc492tutor.com

18 ACC 492 Week 4 Textbook Problem 18-26 FOR MORE CLASSES VISIT www.acc492tutor.com 18-26 (Objectives 18-3, 18-4) In testing cash disbursements for the Jay Klein Company, you obtained an understanding of internal control. The controls ACC 492 TUTOR Education Your Life-- www.acc492tutor.com

19 ACC 492 Week 5 Assignment importance of considering contingent liabilities, letters from client lawyers (Walmart) FOR MORE CLASSES VISIT www.acc492tutor.com ACC 492 Week 5 Learning Team Assignment You and your team have completed your fieldwork and have a handful of other considerations before you complete the audit and issue your report ACC 492 TUTOR Education Your Life-- www.acc492tutor.com

20 ACC 492 Week 5 Final Audit Paper (Walmart) FOR MORE CLASSES VISIT www.acc492tutor.com ACC 492 Week 5 Final Paper Review the Form 10-K for the company selected for team assignments. Write a 1,050- to 1,400-word paper on the following: 1.Management’s Report on Internal Control Over Financial Reporting ACC 492 TUTOR Education Your Life-- www.acc492tutor.com

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