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ACC 422 Education for Service-- acc422.com. ACC 422 Final Exam Guide (New 2018, With EXCEL FILE, Score 29 30) For more course tutorials visit

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Presentation on theme: "ACC 422 Education for Service-- acc422.com. ACC 422 Final Exam Guide (New 2018, With EXCEL FILE, Score 29 30) For more course tutorials visit"— Presentation transcript:

1 ACC 422 Education for Service-- acc422.com

2 ACC 422 Final Exam Guide (New 2018, With EXCEL FILE, Score 29 30) For more course tutorials visit www.acc422.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 Brief Exercise 7-14 Brief Exercise 7-15 Brief Exercise 8-4 (Part Level Submission) ACC 422 Education for Service--acc422.com

3 ACC 422 Final Exam Guide 1 For more course tutorials visit www.acc422.com 1. Kraft Enterprises owns the following assets at December 31, 2012. Cash in bank–savings account67,516 Checking account balance26,445 Cash on hand 9,478Postdated checks ACC 422 Education for Service--acc422.com

4 ACC 422 Final Exam Guide 2 For more course tutorials visit www.acc422.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 ACC 422 Education for Service--acc422.com

5 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.acc422.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) ACC 422 Education for Service--acc422.com

6 ACC 422 Final Exam Guide 3 For more course tutorials visit www.acc422.com ACC 422 Final Exam Guide 3SET 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, ACC 422 Education for Service--acc422.com

7 ACC 422 Final Exam Guide All 3 Sets For more course tutorials visit www.acc422.com Details of All 180 Questions Given Below SET 1 1. Kraft Enterprises owns the following assets at December 31, 2012. Cash in bank–savings account67,516Checking account balance26,445 Cash ACC 422 Education for Service--acc422.com

8 ACC 422 Week 1 DQ 1 For more course tutorials visit www.acc422.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 ACC 422 Education for Service--acc422.com

9 ACC 422 Week 2 DQ 3 For more course tutorials visit www.acc422.com How do we account for the disposition of fixed assets? What are the differences in how the exchanges of assets are handled, pending ACC 422 Education for Service--acc422.com

10 ACC 422 Week 1 DQ 2 For more course tutorials visit www.acc422.com What is the perpetual method of tracking inventory? How does it differ from the periodic method of tracking inventory? ACC 422 Education for Service--acc422.com

11 ACC 422 Week 1 DQ 3 For more course tutorials visit www.acc422.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? ACC 422 Education for Service--acc422.com

12 ACC 422 Week 1 Team Assignment Audited Financial Statements (Nordstrom Inc.) For more course tutorials visit www.acc422.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 ACC 422 Education for Service--acc422.com

13 ACC 422 Week 1 Individual Assignment Disclosure Analysis Paper (2 Papers) For more course tutorials visit www.acc422.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 company’s most recent financial statements ACC 422 Education for Service--acc422.com

14 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.acc422.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 ACC 422 Education for Service--acc422.com

15 ACC 422 Week 2 DQ 2 For more course tutorials visit www.acc422.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 ACC 422 Education for Service--acc422.com

16 ACC 422 Week 2 DQ 3 For more course tutorials visit www.acc422.com How do we account for the disposition of fixed assets? What are the differences in how the exchanges of assets are handled, pending ACC 422 Education for Service--acc422.com

17 ACC 422 Week 2 DQ 1 For more course tutorials visit www.acc422.com Under what circumstances would a company need to estimate its inventory? What are the differences between using the gross profit method and retail ACC 422 Education for Service--acc422.com

18 ACC 422 Week 3 DQ 1 For more course tutorials visit www.acc422.com What is the purpose of depreciation? Does the book value of a fixed asset (cost minus accumulated depreciation) communicate ACC 422 Education for Service--acc422.com

19 ACC 422 Week 3 DQ 2 For more course tutorials visit www.acc422.com What are the different methods used to calculate depreciation? How does a company decide which method it should utilize? ACC 422 Education for Service--acc422.com

20 ACC 422 Week 3 DQ 3 For more course tutorials visit www.acc422.com What is an intangible asset? Should all intangible assets be subject to amortization? Explain why or why not ACC 422 Education for Service--acc422.com

21 ACC 422 Week 3 Team Assignment (Case 3, CA 8-10, Problem 9-3, Problem 9-13) For more course tutorials visit www.acc422.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: ACC 422 Education for Service--acc422.com

22 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.acc422.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 Exercise 10-13 Exercise 11-6 Exercise ACC 422 Education for Service--acc422.com

23 ACC 422 Week 4 DQ 1 For more course tutorials visit www.acc422.com What are the criteria for classifying an item as a current liability? What are some examples of current liabilities? ACC 422 Education for Service--acc422.com

24 ACC 422 Week 4 DQ 2 For more course tutorials visit www.acc422.com What is a contingency? Why are contingencies important to users of financial statements? What are the criteria for recording contingencies? ACC 422 Education for Service--acc422.com

25 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.acc422.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 ACC 422 Education for Service--acc422.com

26 ACC 422 Week 4 DQ 3 For more course tutorials visit www.acc422.com What is a bond? What are some features of a bond? How do you value bonds? What factors can affect that value? ACC 422 Education for Service--acc422.com

27 ACC 422 Week 4 Team Assignment Financial Scavenger Hunt #3 (Nordstrom) For more course tutorials visit www.acc422.com Review the financial statements, including any notes and supplemental information, and answer the following questions. Indicate where you found the answer to the questions. If calculations are required ACC 422 Education for Service--acc422.com

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.acc422.com This Tutorial contains Excel File which can be used to solve for any values Complete the following assignments in WileyPLUS: Exercise 13-2 (Part Level Submission) Exercise 13-7 (Part Level Submission) ACC 422 Education for Service--acc422.com

29 ACC 422 Week 4 Team Assignment Problem 10-4, Problem 10-6, CA 11-5, Problem 12-2 For more course tutorials visit www.acc422.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, ACC 422 Education for Service--acc422.com

30 ACC 422 Week 5 DQ 1 For more course tutorials visit www.acc422.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? ACC 422 Education for Service--acc422.com

31 ACC 422 Week 5 Signature Assignment Presentation (Procter and Gamble) For more course tutorials visit www.acc422.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. ACC 422 Education for Service--acc422.com

32 ACC 422 Week 5 DQ 2 For more course tutorials visit www.acc422.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 ACC 422 Education for Service--acc422.com

33 ACC 422 Week 5 DQ 3 For more course tutorials visit www.acc422.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? ACC 422 Education for Service--acc422.com

34 ACC 422 Week 5 DQ 4 For more course tutorials visit www.acc422.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? ACC 422 Education for Service--acc422.com

35 ACC 422 Week 5 Learning Team Problem Presentation For more course tutorials visit www.acc422.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® PowerPoint® presentation illustrating your team’s solution to the assigned problem. ACC 422 Education for Service--acc422.com

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