1 / 41

ACC 497 GENIUS Modern Education--acc497genius.com

FOR MORE CLASSES VISIT<br>www.acc497genius.com<br>This Tutorial contains knowledge Check as well (Please check Questions) <br>ACC 497 Final Exam Guide (New, 2017) <br>ACC 497 Week 1 Knowledge Check <br>

chrysanthemu236
Download Presentation

ACC 497 GENIUS Modern Education--acc497genius.com

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. ACC 497 GENIUS Modern Education--acc497genius.com

  2. ACC 497 GENIUS Modern Education--acc497genius.com • ACC 497 Entire Course (With New Final Guide) • FOR MORE CLASSES VISIT • www.acc497genius.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 • ACC 497 Week 2 Accounting Ethics • ACC 497 Week 2 Knowledge Check

  3. ACC 497 GENIUS Modern Education--acc497genius.com ACC 497 Final Exam Guide (New, 2019) FOR MORE CLASSES VISIT www.acc497genius.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. 2 Melinda invests $200,000 in a City of Heflin bond that pays 6 percent interest. Alternatively, Melinda could have invested the $200,000 in a bond recently issued by Surething Inc., that pays 8 percent interest with similar risk and other

  4. ACC 497 GENIUS Modern Education--acc497genius.com • ACC 497 Week 1 Case Study Cash Basis or Accrual Basis? (2 Sets) • FOR MORE CLASSES VISIT • www.acc497genius.com • This Tutorial contains 2 different Papers • 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.

  5. ACC 497 GENIUS Modern Education--acc497genius.com • ACC 497 Week 1 Discussion • FOR MORE CLASSES VISIT • www.acc497genius.com • What's your understanding of ethics and do you think it's critical to perform ethical behavior in the accounting field? Why or why not? Financial Statement analysis If you are a banker, what would you consider the most when performing a loan application? You understand there is risk involved with loan application and you’d like to minimize that risk. If you get the recent financial statements of the applicant company, what specific information you will be looking at and why?

  6. ACC 497 GENIUS Modern Education--acc497genius.com • ACC 497 Week 1 DQ 1 • FOR MORE CLASSES VISIT • www.acc497genius.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 GENIUS Modern Education--acc497genius.com • ACC 497 Week 1 DQ 2 • FOR MORE CLASSES VISIT • www.acc497genius.com • What are Generally Accepted Accounting Principles (GAAP)? How do GAAP affect financial reporting? How might GAAP need to change to accommodate today’s dynamic business environment?

  8. ACC 497 GENIUS Modern Education--acc497genius.com ACC 497 Week 1 FASB Codification System (2 Papers) FOR MORE CLASSES VISIT www.acc497genius.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

  9. ACC 497 GENIUS Modern Education--acc497genius.com ACC 497 Week 1 Individual Assignment FASB Codification System Orientation Paper FOR MORE CLASSES VISIT www.acc497genius.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

  10. ACC 497 GENIUS Modern Education--acc497genius.com ACC 497 Week 1 Knowledge Check (2019 Syllabus) (3 Set) FOR MORE CLASSES VISIT www.acc497genius.com 1.Refer to the following selected financial information from McCormik, LLC. Compute the company's current ratio for Year 2. 2. Powers Company reported Net sales of $1,280,000 and average Accounts Receivable, net of $70,500. The accounts receivable turnover ratio is: 1. Refer to the following selected financial information from McCormik,

  11. ACC 497 GENIUS Modern Education--acc497genius.com ACC 497 Week 2 Accounting Ethics FOR MORE CLASSES VISIT www.acc497genius.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

  12. ACC 497 GENIUS Modern Education--acc497genius.com • ACC 497 Week 2 Discussion (LIFO) • FOR MORE CLASSES VISIT • www.acc497genius.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 GENIUS Modern Education--acc497genius.com ACC 497 Week 2 Discussion FOR MORE CLASSES VISIT www.acc497genius.com International Financial Reporting Standards, Part 1 Note: This is a custom book pulling chapters from various books. This course references chapter numbers in the table of contents; the chapter preview shows the original book chapter. International Financial Reporting Standards, Part 2 Note: This is a custom book pulling chapters from various

  14. ACC 497 GENIUS Modern Education--acc497genius.com • ACC 497 Week 2 DQ 1 • FOR MORE CLASSES VISIT • www.acc497genius.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.

  15. ACC 497 GENIUS Modern Education--acc497genius.com • ACC 497 Week 2 DQ 2 • FOR MORE CLASSES VISIT • www.acc497genius.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?

  16. ACC 497 GENIUS Modern Education--acc497genius.com • ACC 497 Week 2 Individual Assignment Financial Statements Paper Part I (2 Papers) • FOR MORE CLASSES VISIT • www.acc497genius.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:

  17. ACC 497 GENIUS Modern Education--acc497genius.com ACC 497 Week 2 Knowledge Check (2019 Syllabus) FOR MORE CLASSES VISIT www.acc497genius.com 1. The St. Lucia Blood Bank, a private charity partly supported by government grants, is located on the Caribbean island of St. Lucia. The blood bank has just finished its operations for September, which was a particularly busy month due to a powerful hurricane that hit neighboring islands causing many injuries. The hurricane largely bypassed

  18. ACC 497 GENIUS Modern Education--acc497genius.com ACC 497 Week 2 Team Accounting for Employee Stock Options FOR MORE CLASSES VISIT www.acc497genius.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

  19. ACC 497 GENIUS Modern Education--acc497genius.com • ACC 497 Week 2 Team Assignment Case Study Assignment (2 Papers) • FOR MORE CLASSES VISIT • www.acc497genius.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

  20. ACC 497 GENIUS Modern Education--acc497genius.com ACC 497 Week 2 Textbook Cases Case 1-1, Case 1-3, Case 2-2 (New Syllabus) FOR MORE CLASSES VISIT www.acc497genius.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

  21. ACC 497 GENIUS Modern Education--acc497genius.com ACC 497 Week 3 Accounting for Investments FOR MORE CLASSES VISIT www.acc497genius.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

  22. ACC 497 GENIUS Modern Education--acc497genius.com ACC 497 Week 3 Discussion FOR MORE CLASSES VISIT www.acc497genius.com An Introduction to Tax Note: This is a custom book pulling chapters from various books. This course references chapter numbers in the table of contents; the chapter preview shows the original book chapter. Tax research Have you ever been involved in tax research and if so, what's your experience? There are various projects on tax research

  23. ACC 497 GENIUS Modern Education--acc497genius.com • ACC 497 Week 3 DQ 1 • FOR MORE CLASSES VISIT • www.acc497genius.com • What is tax research? What is the purpose of conducting tax research? Are results of tax research conclusive? Explain your response.

  24. ACC 497 GENIUS Modern Education--acc497genius.com • ACC 497 Week 3 DQ 2 • FOR MORE CLASSES VISIT • www.acc497genius.com • What is the purpose of tax planning? How do we conduct tax planning? How could tax planning lead to unethical behavior?

  25. ACC 497 GENIUS Modern Education--acc497genius.com • ACC 497 Week 3 Individual Assignment Financial Statements Paper Part II (2 Papers) • FOR MORE CLASSES VISIT • www.acc497genius.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:

  26. ACC 497 GENIUS Modern Education--acc497genius.com • ACC 497 Week 3 Individual Assignment From the Readings Exercise 17(E1-17) • FOR MORE CLASSES VISIT • www.acc497genius.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

  27. ACC 497 GENIUS Modern Education--acc497genius.com ACC 497 Week 3 Knowledge Check (2 Set) (2019 Syllabus) FOR MORE CLASSES VISIT www.acc497genius.com 1 The estate of Monique Chablis earned $450 of income this year. Is the estate required to file an income tax return? 2. Paula could not reach an agreement with the IRS at her appeals conference and has just received a 90-day letter. If she wants to litigate the issue but does not have sufficient cash to pay the proposed deficiency, what is her best

  28. ACC 497 GENIUS Modern Education--acc497genius.com • ACC 497 Week 3 Learning Team Assignment From the Reading (2 Sets) • FOR MORE CLASSES VISIT • www.acc497genius.com • This tutorial contains 2 Sets of response • 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

  29. ACC 497 GENIUS Modern Education--acc497genius.com • ACC 497 Week 3 Learning Team Case Study Assignment (2 Papers) • FOR MORE CLASSES VISIT • www.acc497genius.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.

  30. ACC 497 GENIUS Modern Education--acc497genius.com • ACC 497 Week 3 Learning Team Discussion (Interest Cost on Construction) • FOR MORE CLASSES VISIT • www.acc497genius.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. • Related Tutorials

  31. ACC 497 GENIUS Modern Education--acc497genius.com ACC 497 Week 3 Team Assignment Interest Cost FOR MORE CLASSES VISIT www.acc497genius.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

  32. ACC 497 GENIUS Modern Education--acc497genius.com ACC 497 Week 3 Textbook Problems (New Syllabus) FOR MORE CLASSES VISIT www.acc497genius.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? What is a sin tax? What are three objectives of income taxation? What are the three taxable persons that pay all of the income taxes? What is the difference between gross revenue and gross income for a business? What are at least three unique

  33. ACC 497 GENIUS Modern Education--acc497genius.com • ACC 497 Week 4 DQ 1 • FOR MORE CLASSES VISIT • www.acc497genius.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?

  34. ACC 497 GENIUS Modern Education--acc497genius.com • ACC 497 Week 4 DQ 2 • FOR MORE CLASSES VISIT • www.acc497genius.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.

  35. ACC 497 GENIUS Modern Education--acc497genius.com ACC 497 Week 4 Income Tax Implication of Capital Investment Decisions FOR MORE CLASSES VISIT www.acc497genius.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.

  36. ACC 497 GENIUS Modern Education--acc497genius.com • ACC 497 Week 4 Individual Assignment From the Reading • FOR MORE CLASSES VISIT • www.acc497genius.com • Resources: Ch. 1 of Prentice Hall’s Federal Taxation 2011: Individuals • Respond to the following problems by conducting tax research and including tax-planning advice: • I:1-48 Tax Strategy Problem • I:1-49 Case Study Problem

  37. ACC 497 GENIUS Modern Education--acc497genius.com • ACC 497 Week 4 International Versus U.S. Standards • FOR MORE CLASSES VISIT • www.acc497genius.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.

  38. ACC 497 GENIUS Modern Education--acc497genius.com ACC 497 Week 4 knowledge Check FOR MORE CLASSES VISIT www.acc497genius.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 year’s financial statements but is reasonably certain to have a substantial effect in later years. The client’s financial statements contain no material misstatements and the

  39. ACC 497 GENIUS Modern Education--acc497genius.com • ACC 497 Week 4 Learning Team Assignment From the Reading • FOR MORE CLASSES VISIT • www.acc497genius.com • Resources: Ch. 15 of Prentice Hall’s Federal Taxation2011: Individuals • Conduct tax research and formulate tax-planning advice in your response to the following problems: • I:15-61 Tax Strategy Problem • I:15-62 Case Study Problem

  40. ACC 497 GENIUS Modern Education--acc497genius.com • ACC 497 Week 4 Learning Team Discussion (300 Words) • FOR MORE CLASSES VISIT • www.acc497genius.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.

  41. ACC 497 GENIUS Modern Education--acc497genius.com

More Related