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ACC 305 Educational Tutor/ indigohelp ACC 305 Entire Course ACC 305 Week 1 Assignments E 3-18, E 3-20, J Case 3-5 ACC 305 Week 1 Assignments E 3-18, E 3-20, J Case 3-5 • 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 Educational Tutor/ indigohelp ACC 305 Week 1 DQ 1 FASB and Ethics ACC 305 Week 1 DQ 2 Cash versus Accrual & Financial Disclosures 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. • 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.
ACC 305 Educational Tutor/ indigohelp ACC 305 Week 2 DQ 1 Earnings Management Case 4-3 ACC 305 Week 2 DQ 2 Revenue Recognition Case 5-2 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. • 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.
ACC 305 Educational Tutor/ indigohelp ACC 305 Week 2 Problem E4-16 Bluebonnet Bakers ACC 305 Week 2 Problem E4-19 Wainwright Corporation ACC 305 Week 2 Problem E4-19 Wainwright Corporation • ACC 305 Week 2 Problem E4-16 Bluebonnet Bakers
ACC 305 Educational Tutor/ indigohelp ACC 305 Week 2 Problem E4-22 Tiger Enterprises ACC 305 Week 2 Problem E5-3 Installment sales ACC 305 Week 2 Problem E5-3 Instalment sales • ACC 305 Week 2 Problem E4-22 Tiger Enterprises
ACC 305 Educational Tutor/ indigohelp ACC 305 Week 2 Problem E5-10 Project Contracts ACC 305 Week 2 Problem Integrating Case 5-23 ACC 305 Week 2 Problem Integrating Case 5-23 • ACC 305 Week 2 Problem E5-10 Project Contracts
ACC 305 Educational Tutor/ indigohelp ACC 305 Week 2 Problem Judgment Case 4-9 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: • ACC 305 Week 2 Problem Judgment Case 4-9
ACC 305 Educational Tutor/ indigohelp ACC 305 Week 3 Judgment Case 7-5 ACC 305 Week 3 P7-10, P7-14 ACC 305 Week 3 P7-10, P7-14 • 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.
ACC 305 Educational Tutor/ indigohelp ACC 305 Week 3 P7-14 El Gato Painting Company ACC 305 Week 4 Assignment E8-13, E8-14, E8-18, P8-5, E9-19, E9-21, P9-1. ACC 305 Week 4 Assignment E8-13, E8-14, E8-18, P8-5, E9-19, E9-21, P9-1 • ACC 305 Week 3 P7-14 El Gato Painting Company
ACC 305 Educational Tutor/ indigohelp ACC 305 Week 4 Communication Case 8-4 ACC 305 Week 4 Ethics Case 9-11 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. • 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.
ACC 305 Educational Tutor/ indigohelp ACC 305 Week 5 Ethics Case 10-12 ACC 305 Week 5 Final Paper (FASB) Focus of the Final Paper Submit 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. • 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
ACC 305 Educational Tutor/ indigohelp ACC 305 Week 5 P11-5, P11-7 ACC 305 Week 5 Problem E11-5, E11-10 ACC 305 Week 5 Problem E11-5, E11-10 • ACC 305 Week 5 P11-5, P11-7