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ACC 422 NERD Expert Level 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 balanc
ACC 422 NERD Expert Level ACC 422 Final Exam Guide 2 FOR MORE CLASSES VISIT www.acc422nerd.com 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
ACC 422 NERD Expert Level 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
ACC 422 NERD Expert Level 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
ACC 422 NERD Expert Level ACC 422 Week 1 DQ 1 FOR MORE CLASSES VISIT www.acc422nerd.com Consider how an organization must manage cash, receivables,
ACC 422 NERD Expert Level 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?
ACC 422 NERD Expert Level 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
ACC 422 NERD Expert Level ACC 422 Week 1 Individual Assignment Disclosure Analysis Paper FOR MORE CLASSES VISIT www.acc422nerd.com Resource: Internet Select a publicly held company to use as the basis for this assignment.
ACC 422 NERD Expert Level 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
ACC 422 NERD Expert Level 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
ACC 422 NERD Expert Level ACC 422 Week 2 DQ 1 FOR MORE CLASSES VISIT www.acc422nerd.com Under what circumstances would a company need to estimate its inventory?
ACC 422 NERD Expert Level 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?
ACC 422 NERD Expert Level 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,
ACC 422 NERD Expert Level 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
ACC 422 NERD Expert Level 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.
ACC 422 NERD Expert Level 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?
ACC 422 NERD Expert Level 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?
ACC 422 NERD Expert Level 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?
ACC 422 NERD Expert Level 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?
ACC 422 NERD Expert Level 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?
ACC 422 NERD Expert Level 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.
ACC 422 NERD Expert Level 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?
ACC 422 NERD Expert Level 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?
ACC 422 NERD Expert Level 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?
ACC 422 NERD Expert Level 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?
ACC 422 NERD Expert Level 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.