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ACC 497 GENIUS Lessons in Excellence--acc497genius.com

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ACC 497 GENIUS Lessons in Excellence--acc497genius.com

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  1. ACC 497 GENIUS Lessons in Excellence--acc497genius.com

  2. ACC 497 GENIUS Lessons in Excellence--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 ACC 497 Week 3 Team Assignment Interest Cost

  3. ACC 497 GENIUS Lessons in Excellence--acc497genius.com ACC 497 Final Exam Guide (New, 2018) 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

  4. ACC 497 GENIUS Lessons in Excellence--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 Lessons in Excellence--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?

  6. ACC 497 GENIUS Lessons in Excellence--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?

  7. ACC 497 GENIUS Lessons in Excellence--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 following questions:  What is the FASB Codification System?  What is the purpose of the FASB Codification System?  What are the nine content

  8. ACC 497 GENIUS Lessons in Excellence--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 you answer the following questions:

  9. ACC 497 GENIUS Lessons in Excellence--acc497genius.com ACC 497 Week 1 Knowledge Check FOR MORE CLASSES VISIT www.acc497genius.com 1. Refer to the following selected financial information from McCormik, LLC. Compute the company's working capital for Year 2. $257,000. $178,000. $270,500. $142,500. $166,500. 2. If cash flow prediction is a company's primary reporting objective, this would likely result in: Fewer accruals and deferrals. Lower earnings. Higher

  10. ACC 497 GENIUS Lessons in Excellence--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

  11. ACC 497 GENIUS Lessons in Excellence--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.

  12. ACC 497 GENIUS Lessons in Excellence--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.

  13. ACC 497 GENIUS Lessons in Excellence--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?

  14. ACC 497 GENIUS Lessons in Excellence--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:

  15. ACC 497 GENIUS Lessons in Excellence--acc497genius.com ACC 497 Week 2 Knowledge Check FOR MORE CLASSES VISIT www.acc497genius.com 1. Via Gelato is a popular neighborhood gelato shop. The company has provided the following data concerning its operations: While gelato is sold by the cone or cup, the shop measures its activity in terms of the total number of liters of gelato sold. For example, wages should be $5,900 plus $1.70 per liter of gelato sold and the actual wages for June were $15,900. Via Gelato expected to sell 6,000 liters in June, but actually sold 6,200

  16. ACC 497 GENIUS Lessons in Excellence--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

  17. ACC 497 GENIUS Lessons in Excellence--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.

  18. ACC 497 GENIUS Lessons in Excellence--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

  19. ACC 497 GENIUS Lessons in Excellence--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 accounting treatment for each category. •

  20. ACC 497 GENIUS Lessons in Excellence--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.

  21. ACC 497 GENIUS Lessons in Excellence--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?

  22. ACC 497 GENIUS Lessons in Excellence--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

  23. ACC 497 GENIUS Lessons in Excellence--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

  24. ACC 497 GENIUS Lessons in Excellence--acc497genius.com ACC 497 Week 3 Knowledge Check 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. Congress would like to increase tax revenues by 5 percent. Assume that the average taxpayer in the United States earns $40,000 and pays an average tax rate of 20 percent. a. If the income effect is in effect for all taxpayers, what average tax rate will result in a 5 percent increase in tax revenues? (Round your answer to 2

  25. ACC 497 GENIUS Lessons in Excellence--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:

  26. ACC 497 GENIUS Lessons in Excellence--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

  27. ACC 497 GENIUS Lessons in Excellence--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.

  28. ACC 497 GENIUS Lessons in Excellence--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.

  29. ACC 497 GENIUS Lessons in Excellence--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

  30. ACC 497 GENIUS Lessons in Excellence--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?

  31. ACC 497 GENIUS Lessons in Excellence--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.

  32. ACC 497 GENIUS Lessons in Excellence--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

  33. ACC 497 GENIUS Lessons in Excellence--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:

  34. ACC 497 GENIUS Lessons in Excellence--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.

  35. ACC 497 GENIUS Lessons in Excellence--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

  36. ACC 497 GENIUS Lessons in Excellence--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

  37. ACC 497 GENIUS Lessons in Excellence--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.

  38. ACC 497 GENIUS Lessons in Excellence--acc497genius.com ACC 497 Week 4 Team Goodwill FOR MORE CLASSES VISIT www.acc497genius.com Discuss with your team the following case study: Client X contacted you for clarification and recommendations regarding the instances when goodwill should be adjusted for impairment. Write a team consensus response of no more than 700 words to include the following: • Provide detailed rational of why goodwill must be adjusted

  39. ACC 497 GENIUS Lessons in Excellence--acc497genius.com ACC 497 Week 5 DQ 1 FOR MORE CLASSES VISIT www.acc497genius.com What are the differences in reporting guidance in a for-profit and not-for-profit organization? What are the similarities in reporting guidance in a for-profit and not-for-profit organization? How do these differences and similarities affect the comparability of financial reports? Should these reports be comparable? Explain your

  40. ACC 497 GENIUS Lessons in Excellence--acc497genius.com ACC 497 Week 5 DQ 2 FOR MORE CLASSES VISIT www.acc497genius.com What are the differences in financial reporting in a for-profit and government organization? What are the similarities in financial reporting in a for-profit and government organization? How do these differences and similarities affect the comparability of financial reports? Should these reports be comparable? Explain your

  41. ACC 497 GENIUS Lessons in Excellence--acc497genius.com ACC 497 Week 5 FARS Case (2 Papers) FOR MORE CLASSES VISIT www.acc497genius.com ACC 497 Week 5 FARS Case Write a 1,050- to 1,400-word response in which you address the following questions from Case 3, Charitable Contributions and Debt: A Comparison of St. Jude Children’s Research Hospital/ALSAC and Universal Health Services:  Questions from Requirement A  Questions from Requirement B  How

  42. ACC 497 GENIUS Lessons in Excellence--acc497genius.com ACC 497 Week 5 Individual Assignment from the Text FOR MORE CLASSES VISIT www.acc497genius.com Resources: Ch. 4 & 5 of Modern Auditing Write answers to the following problems: Learning Check 4–15 & 4–17 in Ch. 4

  43. ACC 497 GENIUS Lessons in Excellence--acc497genius.com ACC 497 Week 5 Knowledge Check FOR MORE CLASSES VISIT www.acc497genius.com 1. Which of the following factors would not indicate that a potential component unit (PCU) imposes a financial burden or provides a financial benefit to the primary government? The primary government is obligated to provide financial support to the PCU. The primary government is obligated for the PCU's debt. The primary government is entitled to its share of any dividends distributed by the PCU. The primary government is entitled

  44. ACC 497 GENIUS Lessons in Excellence--acc497genius.com ACC 497 Week 5 Learning Team Case Study Assignment (2 Papers) FOR MORE CLASSES VISIT www.acc497genius.com This Tutorial contains 2 different Papers Resources: Case 3: Charitable Contributions and Debt: A Comparison of St. Jude Children’s Research Hospital/ALSAC and Universal Health Services located on your student website in Ch. 5 of Mastery of the Financial Accounting Research System (FARS) Through Cases

  45. ACC 497 GENIUS Lessons in Excellence--acc497genius.com ACC 497 Week 5 Learning Team Case Study Presentation (2 Sets) FOR MORE CLASSES VISIT www.acc497genius.com This Tutorial contains 2 different Presentations Create 5- or 6-slide Microsoft® PowerPoint® presentation with speaker notes illustrating your findings to Case 3, Charitable Contributions and Debt: A Comparison of St. Jude Children’s Research Hospital/ALSAC and Universal Health Services in Ch. 5 of Mastery of the Financial Accounting Research System (FARS) Through Cases.

  46. ACC 497 GENIUS Lessons in Excellence--acc497genius.com ACC 497 Week 5 Learning Team Case Study Presentation (2 Sets) FOR MORE CLASSES VISIT www.acc497genius.com This Tutorial contains 2 different Presentations Create 5- or 6-slide Microsoft® PowerPoint® presentation with speaker notes illustrating your findings to Case 3, Charitable Contributions and Debt: A Comparison of St. Jude Children’s Research Hospital/ALSAC and Universal Health Services in Ch. 5 of Mastery of the Financial Accounting Research System (FARS) Through Cases.

  47. ACC 497 GENIUS Lessons in Excellence--acc497genius.com

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