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ACC 305 (Ash) Read, Lead, Succeed/Uophelpdotcom

For more course tutorials visit<br>www.uophelp.com<br><br>ACC 305 Week 1 Assignments E 3-18, E 3-20, J Case 3-5<br>ACC 305 Week 1 DQ 1 FASB and Ethics<br>ACC 305 Week 1 DQ 2 Cash versus Accrual & Financial Disclosures<br>ACC 305 Week 2 DQ 1 Earnings Management Case 4-3<br>ACC 305 Week 2 DQ 2 Revenue Recognition Case 5-2<br>ACC 305 Week 2 Problem E4-16 Bluebonnet Bakers<br>ACC 305 Week 2 Problem E4-19 Wainwright Corporation<br>ACC 305 Week 2 Problem E4-22 Tiger Enterprises<br>ACC 305 Week 2 Problem E5-3 Installment sales<br>ACC 305 Week 2 Problem E5-10 Project Contracts<br>ACC 305 Week 2 Problem Integrating Case 5-23<br>ACC 305 Week 2 Problem Judgment Case 4-9<br>ACC 305 Week 3 Communication Case 6-3<br>ACC 305 Week 3 Judgment Case 7-5<br>ACC 305 Week 3 P7-10, P7-14<br>ACC 305 Week 3 P7-14 El Gato Painting Company<br>ACC 305 Week 4 Communication Case 8-4<br>ACC 305 Week 4 Assignment E8-13, E8-14, E8-18, P8-5, E9-19, E9-21, P9-1.<br>ACC 305 Week 4 Ethics Case 9-11<br>ACC 305 Week 5 Ethics Case 10-12<br>ACC 305 Week 5 P11-5, P11-7<br>ACC 305 Week 5 Problem E11-5, E11-10<br>ACC 305 Week 5 Final Paper (FASB)<br>

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ACC 305 (Ash) Read, Lead, Succeed/Uophelpdotcom

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  1. ACC 305 (Ash) Read, Lead, Succeed/Uophelpdotcom For more course tutorials visit www.uophelp.com

  2. ACC 305 Entire Course (Ash Course) • For more course tutorials visit • www.uophelp.com • ACC 305 Week 1 Assignments E 3-18, E 3-20, J Case 3-5 • ACC 305 Week 1 DQ 1 FASB and Ethics • ACC 305 Week 1 DQ 2 Cash versus Accrual & Financial Disclosures • ACC 305 Week 2 DQ 1 Earnings Management Case 4-3 • ACC 305 Week 2 DQ 2 Revenue Recognition Case 5-2 • ACC 305 Week 2 Problem E4-16 Bluebonnet Bakers • ACC 305 Week 2 Problem E4-19 Wainwright Corporation • ACC 305 Week 2 Problem E4-22 Tiger Enterprises

  3. ACC 305 Week 1 Assignments E 3-18, E 3-20, J Case 3-5 • For more course tutorials visit • www.uophelp.com • ACC 305 Week 1 Assignments E 3-18, E 3-20, J Case 3-5

  4. ACC 305 Week 1 DQ 1 FASB and Ethics • For more course tutorials visit • www.uophelp.com • Research Case 1-3 (page 45) • The purpose of this case is to introduce you to the information available on the website of the Financial Accounting Standards Board (FASB). • Required: • Access the FASB home page on the Internet. The web address is www.fasb.org. Answer the following questions. • 1. Describe the mission of the FASB. • 2. Who are the current Board members? Briefly describe their backgrounds. • 3. How are topics added to the FASB’s technical agenda?

  5. ACC 305 Week 1 DQ 2 Cash versus Accrual & Financial Disclosures • For more course tutorials visit • www.uophelp.com • Judgment Case 2-1 (page 109) • You have recently been hired by Davis & Company, a small public accounting firm. One of the firm’s partners, Alice Davis, has asked you to deal with a disgruntled client, Mr. Sean Pitt, owner of the city’s largest hardware store. Mr. Pitt is applying to a local bank for a substantial loan to remodel his store. The bank requires accrual based financial statements but Mr. Pitt has always kept the company’s records on a cash basis. He does not see the purpose of accrual based statements. His most recent outburst went something like this: “After all, I collect cash from customers, pay my bills in cash, and I am going to pay the bank loan with cash. And, I already show my building and equipment as assets and depreciate them. I just don’t understand the problem.”

  6. ACC 305 Week 2 DQ 1 Earnings Management Case 4-3 • For more course tutorials visit • www.uophelp.com • Judgment Case 4-3 (page 225) • Companies often are under pressure to meet or beat Wall Street earnings projections in order to increase stock prices and also to increase the value of stock options. Some resort to earnings management practices to artificially create desired results. • Required: • Is earnings management always intended to produce higher income? Explain.

  7. ACC 305 Week 2 DQ 2 Revenue Recognition Case 5-2 • For more course tutorials visit • www.uophelp.com • Judgment Case 5-2 (page 291) • Revenue earned by a business enterprise is recognized for accounting purposes at different times, according to the circumstances. In some situations revenue is recognized approximately as it is earned in the economic sense. In other situations revenue is recognized at point of delivery. • Required: • 1. Explain and justify why revenue often is recognized as earned at point of delivery. • 2. Explain in what situations it would be useful to recognize revenue as the productive activity takes place. • 3. At what times, other than those included in (1) and (2) above, may it be appropriate to recognize revenue?

  8. ACC 305 Week 2 Problem E4-19 Wainwright Corporation • For more course tutorials visit • www.uophelp.com • ACC 305 Week 2 Problem E4-19 Wainwright Corporation

  9. ACC 305 Week 2 Problem E4-22 Tiger Enterprises • For more course tutorials visit • www.uophelp.com • ACC 305 Week 2 Problem E4-22 Tiger Enterprises

  10. ACC 305 Week 2 Problem E5-10 Project Contracts • For more course tutorials visit • www.uophelp.com • ACC 305 Week 2 Problem E5-10 Project Contracts

  11. ACC 305 Week 2 Problem E4-16 Bluebonnet Bakers • For more course tutorials visit • www.uophelp.com • ACC 305 Week 2 Problem E4-16 Bluebonnet Bakers

  12. ACC 305 Week 2 Problem E5-3 Installment sales • For more course tutorials visit • www.uophelp.com • ACC 305 Week 2 Problem E5-3 Instalment sales

  13. ACC 305 Week 2 Problem Integrating Case 5-23 • For more course tutorials visit • www.uophelp.com • ACC 305 Week 2 Problem Integrating Case 5-23

  14. ACC 305 Week 2 Problem Judgment Case 4-9 • For more course tutorials visit • www.uophelp.com • ACC 305 Week 2 Problem Judgment Case 4-9

  15. ACC 305 Week 3 Communication Case 6-3 • For more course tutorials visit • www.uophelp.com • ACC 305 Week 3 Communication Case 6-3 • Communication Case 6-3 on page 334 • Harvey Alexander, an all-league professional football player, has just declared free agency. Two teams, the San Francisco 49ers and the Dallas Cowboys, have made Harvey the following offers to obtain his services: • 49ers: $1 million signing bonus payable immediately and an annual salary of $1.5 million for the five-year term of the contract.

  16. ACC 305 Week 3 Judgment Case 7-5 • For more course tutorials visit • www.uophelp.com • ACC 305 Week 3 Judgment Case 7-5 • Judgment Case 7-5 on page 391 • For each of the following independent situations, indicate the apparent internal control weaknesses and suggest alternative procedures to eliminate the weaknesses. • 1. John Smith is the petty cash custodian. John approves all requests for payment out of the $200 fund, which is replenished at the end of each month. At the end of each month, John submits a list of all accounts and amounts to be charged and a check is written to him for the total amount. John is the only person ever to tally the fund.

  17. ACC 305 Week 3 P7-14 El Gato Painting Company • For more course tutorials visit • www.uophelp.com • ACC 305 Week 3 P7-14 El Gato Painting Company

  18. ACC 305 Week 3 P7-10, P7-14 • For more course tutorials visit • www.uophelp.com • ACC 305 Week 3 P7-10, P7-14

  19. ACC 305 Week 4 Assignment E8-13, E8-14, E8-18, P8-5, E9-19, E9-21, P9-1. • For more course tutorials visit • www.uophelp.com • ACC 305 Week 4 Assignment E8-13, E8-14, E8-18, P8-5, E9-19, E9-21, P9-1

  20. ACC 305 Week 4 Communication Case 8-4 • For more course tutorials visit • www.uophelp.com • ACC 305 Week 4 Communication Case 8-4 • Communication Case 8-4 on page 442 • You have just been hired as a consultant to Tangier Industries, a newly formed company. The company president, John Meeks, is seeking your advice as to the appropriate inventory method Tangier should use to value its inventory and cost of goods sold. Mr. Meeks has narrowed the choice to LIFO and FIFO. He has heard that LIFO might be better for tax purposes, but FIFO has certain advantages for financial reporting to investors and creditors. You have been told that the company will be profitable in its first year and for the foreseeable future.

  21. ACC 305 Week 4 Ethics Case 9-11 • For more course tutorials visit • www.uophelp.com • Ethics Case 9-11 on page 497 • Danville Bottlers is a wholesale beverage company. Danville uses the FIFO inventory method to determine the cost of its ending inventory. Ending inventory quantities are determined by a physical count. For the fiscal year- end June 30, 2011, ending inventory was originally determined to be $3,265,000. However, on July 17, 2011, John Howard, the company’s controller, discovered an error in the ending inventory count. He determined that the correct ending inventory amount should be $2,600,000.

  22. ACC 305 Week 5 Ethics Case 10-12 • For more course tutorials visit • www.uophelp.com • ACC 305 Week 5 Ethics Case 10-12 • Ethics Case 10-12 on page 553 - Mayer Biotechnical, Inc - Research and development ● LO8 • Mayer Biotechnical, Inc., develops, manufactures, and sells pharmaceuticals. Significant research and development (R&D) expenditures are made for the development of new drugs and the improvement of existing drugs. During 2011, $220 million was spent on R&D. Of this amount, $30 million was spent on the purchase of equipment to be used in a research project involving the development of a new antibiotic.

  23. ACC 305 Week 5 Final Paper (FASB) • For more course tutorials visit • www.uophelp.com • Focus of the Final PaperSubmit a seven to ten page paper on one of the major topics listed below. The paper should incorporate at least three other appropriately documented and related articles drawn from the University’s Library. (Note: you may advance your own topic, but it must be approved by your instructor.) • Explain the role of the FASB in monitoring and controlling business reporting and accounting practices in the modern organization. In what ways do FASB rules limit business practices and reporting financial information? How do such rules and regulations protect the business and public stakeholder communities? To whom is the FASB accountable and who appoints members to FASB?

  24. ACC 305 Week 5 P11-5, P11-7 • For more course tutorials visit • www.uophelp.com • ACC 305 Week 5 P11-5, P11-7

  25. ACC 305 Week 5 Problem E11-5, E11-10 • For more course tutorials visit • www.uophelp.com • ACC 305 Week 5 Problem E11-5, E11-10

  26. ACC 305 (Ash) Read, Lead, Succeed/Uophelpdotcom For more course tutorials visit www.uophelp.com

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