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ACC 422 NERD Become Exceptional--acc422nerd.com

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ACC 422 NERD Become Exceptional--acc422nerd.com

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  1. ACC 422 NERD Become Exceptional--acc422nerd.com

  2. ACC 422 NERD Become Exceptional--acc422nerd.com ACC 422 Final Exam Guide (New 2018, With EXCEL FILE, Score 29 30) FOR MORE CLASSES VISIT www.acc422nerd.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) Brief Exercise 8-5 Brief Exercise 8-6

  3. ACC 422 NERD Become Exceptional--acc422nerd.com ACC 422 Final Exam Guide 1 FOR MORE CLASSES VISIT www.acc422nerd.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

  4. ACC 422 NERD Become Exceptional--acc422nerd.com ACC 422 Final Exam Guide 2 FOR MORE CLASSES VISIT www.acc422nerd.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

  5. ACC 422 NERD Become Exceptional--acc422nerd.com ACC 422 Final Exam Guide 3 FOR MORE CLASSES VISIT www.acc422nerd.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?

  6. ACC 422 NERD Become Exceptional--acc422nerd.com ACC 422 Final Exam Guide All 3 Sets FOR MORE CLASSES VISIT www.acc422nerd.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 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?

  7. ACC 422 NERD Become Exceptional--acc422nerd.com • ACC 422 Week 1 DQ 1 • FOR MORE CLASSES VISIT • www.acc422nerd.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?

  8. ACC 422 NERD Become Exceptional--acc422nerd.com • ACC 422 Week 1 DQ 2 • FOR MORE CLASSES VISIT • www.acc422nerd.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?

  9. ACC 422 NERD Become Exceptional--acc422nerd.com • ACC 422 Week 1 DQ 3 • FOR MORE CLASSES VISIT • www.acc422nerd.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.

  10. ACC 422 NERD Become Exceptional--acc422nerd.com ACC 422 Week 1 Individual Assignment Disclosure Analysis Paper (2 Papers) FOR MORE CLASSES VISIT www.acc422nerd.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 using the Internet.

  11. ACC 422 NERD Become Exceptional--acc422nerd.com ACC 422 Week 1 Team Assignment Audited Financial Statements (Nordstrom Inc.) FOR MORE CLASSES VISIT www.acc422nerd.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

  12. ACC 422 NERD Become Exceptional--acc422nerd.com 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.acc422nerd.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)

  13. ACC 422 NERD Become Exceptional--acc422nerd.com • ACC 422 Week 2 DQ 1 • FOR MORE CLASSES VISIT • www.acc422nerd.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.

  14. ACC 422 NERD Become Exceptional--acc422nerd.com • ACC 422 Week 2 DQ 2 • FOR MORE CLASSES VISIT • www.acc422nerd.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.

  15. ACC 422 NERD Become Exceptional--acc422nerd.com • ACC 422 Week 2 DQ 3 • FOR MORE CLASSES VISIT • www.acc422nerd.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?

  16. ACC 422 NERD Become Exceptional--acc422nerd.com ACC 422 Week 2 Learning Team Assignment (New Syllabus) FOR MORE CLASSES VISIT www.acc422nerd.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 Compile all team member’s input. Click the Assignment Files tab to submit your assignment.

  17. ACC 422 NERD Become Exceptional--acc422nerd.com 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.acc422nerd.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) •

  18. ACC 422 NERD Become Exceptional--acc422nerd.com • ACC 422 Week 3 DQ 1 • FOR MORE CLASSES VISIT • www.acc422nerd.com • 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. • Should the financial statements reflect the value of fixed assets? Explain why or why not.

  19. ACC 422 NERD Become Exceptional--acc422nerd.com • ACC 422 Week 3 DQ 2 • FOR MORE CLASSES VISIT • www.acc422nerd.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?

  20. ACC 422 NERD Become Exceptional--acc422nerd.com • ACC 422 Week 3 DQ 3 • FOR MORE CLASSES VISIT • www.acc422nerd.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?

  21. ACC 422 NERD Become Exceptional--acc422nerd.com ACC 422 Week 3 Team Assignment (Case 3, CA 8-10, Problem 9-3, Problem 9-13) FOR MORE CLASSES VISIT www.acc422nerd.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.

  22. ACC 422 NERD Become Exceptional--acc422nerd.com 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 CLASSES VISIT www.acc422nerd.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 11-15 • Exercise 11-15

  23. ACC 422 NERD Become Exceptional--acc422nerd.com • ACC 422 Week 4 DQ 1 • FOR MORE CLASSES VISIT • www.acc422nerd.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?

  24. ACC 422 NERD Become Exceptional--acc422nerd.com • ACC 422 Week 4 DQ 2 • FOR MORE CLASSES VISIT • www.acc422nerd.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.

  25. ACC 422 NERD Become Exceptional--acc422nerd.com • ACC 422 Week 4 DQ 3 • FOR MORE CLASSES VISIT • www.acc422nerd.com • What is a bond? What are some features of a bond? How do you value bonds? What factors can affect that value?

  26. ACC 422 NERD Become Exceptional--acc422nerd.com ACC 422 Week 4 Team Assignment Financial Scavenger Hunt #3 FOR MORE CLASSES VISIT www.acc422nerd.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, show your work.

  27. ACC 422 NERD Become Exceptional--acc422nerd.com ACC 422 Week 4 Team Assignment Problem 10-4, Problem 10-6, CA 11-5, Problem 12-2 FOR MORE CLASSES VISIT www.acc422nerd.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

  28. ACC 422 NERD Become Exceptional--acc422nerd.com 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 CLASSES VISIT www.acc422nerd.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) • Exercise 13-16 •

  29. ACC 422 NERD Become Exceptional--acc422nerd.com • ACC 422 Week 5 DQ 1 • FOR MORE CLASSES VISIT • www.acc422nerd.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?

  30. ACC 422 NERD Become Exceptional--acc422nerd.com • ACC 422 Week 5 DQ 2 • FOR MORE CLASSES VISIT • www.acc422nerd.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 entity’s financial statements?

  31. ACC 422 NERD Become Exceptional--acc422nerd.com • ACC 422 Week 5 DQ 3 • FOR MORE CLASSES VISIT • www.acc422nerd.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?

  32. ACC 422 NERD Become Exceptional--acc422nerd.com • ACC 422 Week 5 DQ 4 • FOR MORE CLASSES VISIT • www.acc422nerd.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 NERD Become Exceptional--acc422nerd.com • ACC 422 Week 5 Learning Team Problem Presentation • FOR MORE CLASSES VISIT • www.acc422nerd.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.

  34. ACC 422 NERD Become Exceptional--acc422nerd.com ACC 422 Week 5 Signature Assignment Presentation (Procter and Gamble) FOR MORE CLASSES VISIT www.acc422nerd.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.

  35. ACC 422 NERD Become Exceptional--acc422nerd.com 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 CLASSES VISIT www.acc422nerd.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 • CA 21-4, p. 1252 After discussing your answers, compile each into a team response. Click the Assignment Files tab to submit your assignment. P13-7 (LO3)

  36. ACC 422 NERD Become Exceptional--acc422nerd.com

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