ACC 492 TUTOR Fabulous Education--acc492tutor.com

1. ACC 492 TUTOR Fabulous Education--acc492tutor.com

2. ACC 492 TUTOR Fabulous Education--acc492tutor.com ACC 492 Entire Course (2020 Syllabus) FOR MORE CLASSES VISIT www.acc492tutor.com ACC 492 Final Exam (All Possible Questions) (2019 Syllabus) ACC 492 Week 1 Current Issue Summary ACC 492 Week 1 Current Issue Summary Behind the Numbers Insights into Large Audit Firm Sampling Policies (2019 Syllabus) ACC 492 Week 2 Team Assignment ACC 492 Week 2 Team Assignment (Amazon) ACC 492 Week 2 Textbook Problem 23-20, 14-20, 14-26 (New Syllabus 2019) ACC 492 Week 2 Current Issue Summary Auditing Cash, Financial Instruments, Sales, or Receivables ACC 492 Week 2 Current Issue Summary Failing to Find Fraud When Auditing Cash (2019 Syllabus)

3. ACC 492 TUTOR Fabulous Education--acc492tutor.com ACC 492 Final Exam (All Possible Questions) (2020 Syllabus) FOR MORE CLASSES VISIT www.acc492tutor.com 1. Which of the following tests are typically not necessary when auditing a client’s schedule of recorded disposals? Footing the schedule. Tracing schedule totals to the general ledger. Tracing cost and accumulated depreciation of the disposals to the property master file. All of the above are necessary. 2. _______accumulate costs by individual jobs as material is issued into production and labor costs are incurred. Just-in-time production systems Job order cost systems Process cost systems Manufacturing systems

4. ACC 492 TUTOR Fabulous Education--acc492tutor.com ACC 492 Week 1 Current Issue Summary Behind the Numbers Insights into Large Audit Firm Sampling Policies (2019 Syllabus) 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. Apply what you learn to your future or current job. Click the Assignment Files tab to submit your assignment in a Microsoft® Word document

5. ACC 492 TUTOR Fabulous Education--acc492tutor.com 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. Apply what you learn to your future or current job. Click the Assignment Files tab to submit your assignment in a Microsoft® Word document

6. ACC 492 TUTOR Fabulous Education--acc492tutor.com 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 and cash accounting? What assertions are made about classes of transactions and events in the revenue and collection cycle?

7. ACC 492 TUTOR Fabulous Education--acc492tutor.com 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? Which audit procedures are usually the most useful for auditing the existence and rights assertions? What analytical procedures might be informative regarding the existence assertion?

8. ACC 492 TUTOR Fabulous Education--acc492tutor.com 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. Apply what you learn to your future or current job. Click the Assignment Files tab to submit your assignment in a Microsoft® Word document

9. ACC 492 TUTOR Fabulous Education--acc492tutor.com ACC 492 Week 2 Current Issue Summary Failing to Find Fraud When Auditing Cash (2019 Syllabus) 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. Apply what you learn to your future or current job. Click the Assignment Files tab to submit your assignment in a Microsoft® Word document

10. ACC 492 TUTOR Fabulous Education--acc492tutor.com 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 of losses on purchase commitments and unrecorded liabilities to vendors?

11. ACC 492 TUTOR Fabulous Education--acc492tutor.com 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 the tone at the top for purposes of evaluating and reporting on internal control? How might the auditor effectively use analytical procedures in the audit of various expense accounts, such as miscellaneous expenses? Provide an example of how analytical procedures might be used in the audit of such accounts

12. ACC 492 TUTOR Fabulous Education--acc492tutor.com ACC 492 Week 2 Team Assignment (Amazon) FOR MORE CLASSES VISIT www.acc492tutor.com ACC 492 Week 2 Team Assignment Learning Team assignments build upon each other from Weeks 2-5. The first step is to go to the website of a publically-traded US company and select the most recent 10-K Form (legally-required document publicly-traded companies must submit to the Securities and Exchange Commission [SEC] on an annual basis. Among other things, this document contains the opinion of the CPA firm regarding the company’s financial statements and adherence to Generally Accepted Accounting Principles [GAAP]. The contents of this form will be the basis of the team assignments in throughout the course.

13. ACC 492 TUTOR Fabulous Education--acc492tutor.com ACC 492 Week 2 Textbook Problem 23-20, 14-20, 14-26 (New Syllabus 2019) 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. • 2.A loan from the bank on June 26 was credited directly to the client's bank account. The loan was not entered as of June 30. • 3.A check was omitted from the outstanding check list on the June 30 bank reconciliation. It cleared the bank July 7. • 4.A check was omitted from the outstanding check list on the bank reconciliation. It cleared the bank September 6. • 5.Cash

14. ACC 492 TUTOR Fabulous Education--acc492tutor.com 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. Research a recent article on auditing inventory, warehousing, or payroll. Apply what you learn to your future or current job. Click the Assignment Files tab to submit your assignment in a Microsoft® Word document

15. ACC 492 TUTOR Fabulous Education--acc492tutor.com ACC 492 Week 3 Current Issue Summary Keep Ghosts off the Payroll (2019 Syllabus) FOR MORE CLASSES VISIT www.acc492tutor.com ACC 492 Week 3 Current Issue Summary Write a 525- to 700-word summary. Research a recent article on auditing inventory, warehousing, or payroll. Apply what you learn to your future or current job. Click the Assignment Files tab to submit your assignment in a Microsoft® Word document

16. ACC 492 TUTOR Fabulous Education--acc492tutor.com 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? How can an auditor assess these controls

17. ACC 492 TUTOR Fabulous Education--acc492tutor.com 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?

18. ACC 492 TUTOR Fabulous Education--acc492tutor.com ACC 492 Week 3 Team Assignment Inventory, Warehousing, and Payroll accounts and cycles (Amazon) 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 and create comprehensive work programs for the Inventory, Warehousing, and Payroll accounts and cycles. Submit a 700- to 1,050-word document that includes the following: • Audit steps for tests of controls, balances, transactions, analytical procedures, etc. as well as other considerations such as sample size and sample methodology.

19. ACC 492 TUTOR Fabulous Education--acc492tutor.com 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 and create comprehensive work programs for the Inventory, Warehousing, and Payroll accounts and cycles. Submit a 700- to 1,050-word document that includes the following: • Audit steps for tests of controls, balances, transactions, analytical procedures, etc. as well as other considerations such as sample size and sample methodology.

20. ACC 492 TUTOR Fabulous Education--acc492tutor.com 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 basis or using audit software.) 1. Reconcile the monthly payroll total for direct manufacturing labor with the labor cost distribution. 2. Examine the time card for the approval of a foreman. 3. Recompute hours on the time card and compare the total with the total hours for which the employee has been paid. 4. Perform a surprise payroll payoff and observe employees picking up

21. ACC 492 TUTOR Fabulous Education--acc492tutor.com 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 plant and equipment (fixed assets), notes payable, or owner’s equity. Apply what you learn to your future or current job. Click the Assignment Files tab to submit your assignment in a Microsoft® Word document.

22. ACC 492 TUTOR Fabulous Education--acc492tutor.com ACC 492 Week 4 Current Issue Summary Management’s Report on Internal Control over Financial Reporting (2019 Syllabus) 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 plant and equipment (fixed assets), notes payable, or owner’s equity. Apply what you learn to your future or current job. Click the Assignment Files tab to submit your assignment in a Microsoft® Word document.

23. ACC 492 TUTOR Fabulous Education--acc492tutor.com ACC 492 Week 4 DQ 1(New) FOR MORE CLASSES VISIT www.acc492tutor.com What are the steps that are required for an auditor to finalize the audit? Which steps are the most crucial to the outcome of the audit? How will these steps affect the final audit decision?

24. ACC 492 TUTOR Fabulous Education--acc492tutor.com 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, which is the worst? What are the circumstances that warrant each type of opinion?

25. ACC 492 TUTOR Fabulous Education--acc492tutor.com ACC 492 Week 4 Team Assignment Acquisition, Payment, Property Plant, and Equipment Notes Payable and Owner’s Equity and cycles (Amazon) 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 Equity accounts and cycles. Submit a 700- to 1,050-word document that includes the following: •Audit steps for tests of controls, balances, transactions, analytical procedures, etc. as well as other considerations such as sample size and sample methodology. • A brief summary page should be included in this document

26. ACC 492 TUTOR Fabulous Education--acc492tutor.com 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 are reasonably good, and no unusual audit problems arose in previous years. Although there are not many individuals in the accounting department, there is a reasonable separation of duties in the organization. There is a separate purchasing agent who is responsible for ordering goods and a separate receiving department that counts the goods when they are received and prepares receiving reports.

27. ACC 492 TUTOR Fabulous Education--acc492tutor.com ACC 492 Week 5 Assignment importance of considering contingent liabilities, letters from client lawyers (Amazon) 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. These activities are designed to ensure nothing significant has occurred between the completion of your fieldwork and the issuing of the audit report. You are assigned as a senior on the staff, in line to be promoted to manager, to instruct the other staff on the importance of considering contingent liabilities, letters from client lawyers, and subsequent events. Create a 10- to 12-slide presentation for the staff.

28. ACC 492 TUTOR Fabulous Education--acc492tutor.com 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. These activities are designed to ensure nothing significant has occurred between the completion of your fieldwork and the issuing of the audit report. You are assigned as a senior on the staff, in line to be promoted to manager, to instruct the other staff on the importance of considering contingent liabilities, letters from client lawyers

29. ACC 492 TUTOR Fabulous Education--acc492tutor.com ACC 492 Week 5 Final Audit Paper (Amazon) 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 2. The Independent Registered Public Accounting Firm’s Report on Internal Control Over Financial Reporting 3. The Independent Registered Public Accounting Firm’s Report on the Financial Statements Explain the purpose and content of each of these reports. Assuming the report you review is an Unqualified Opinion, express your thoughts on other types of financial statement reports such as Qualified Opinions document.

30. ACC 492 TUTOR Fabulous Education--acc492tutor.com 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 2. The Independent Registered Public Accounting Firm’s Report on Internal Control Over Financial Reporting 3. The Independent Registered Public Accounting Firm’s Report on the Financial Statements Explain the purpose and content of each of these reports.

31. ACC 492 TUTOR Fabulous Education--acc492tutor.com