ACC 492 UOP Courses / acc492tutor.com

1. ACC 492 UOP Courses / acc492tutor.com

2. ACC 492 UOP Courses Material ACC 492 Entire Course ACC 492 Week 1 Individual Assignment Assignments From the Text • ACC 492 Week 1 Individual Assignment Payroll Flowchart • ACC 492 Week 1 Individual Multiple Choice • ACC 492 Week 1 Quiz • ACC 492 Week 1 Individual Assignment Assignments From the Text • ACC 492 Week 2 Individual Multiple Choice • ACC 492 Week 2 Quiz • ACC 492 Week 2 Individual Assignment from t.. • Click on the link for Ch. 14 of Modern Auditing on the course website. • Click Download eBook on the left-hand side of the page. • Download Ch. 14 of Modern Auditing • Prepare written answers for the following assignments: • Learning Check 14-4

3. ACC 492 UOP Courses Material ACC 492 Week 1 Individual Assignment Payroll Flowchart ACC 492 Week 1 Individual Multiple Choice • Post your flowchart in the Assignments folder.  Prepare flowcharts of the revenue and payroll cycle in your organization. Then, prepare a 300-500-word examination of the cycles. Be sure to examine the internal controls within each cycle and any internal controls limitations that may exist. • a. sales •   b. sales returns and allowances •   c. inventory •   d. accounts receivable •   e. accounts payable • 2. The audit objective, “The accounts receivable balance represents gross claims on customers and agrees with the sum of the accounts receivable subsidiary ledger” is derived from the assertion of:

4. ACC 492 UOP Courses Material ACC 492 Week 1 Quiz ACC 492 Week 2 Individual Assignment from the Text • 1. In an accrual accounting system, revenues are recognized as goods are delivered or as services are rendered. (True/False) • 2. Give a brief definition of revenue. (30%) • 3. How are revenues measured? [Not asking for currency here](30%)  • 4. List any three types of transactions normally processed by the revenue process. (30%)  • Post your answers to the following assignments from the text in your Assignments folder.  Prepare responses to the questions posed by the following:  • Learning Check  15:5 from the text, Modern Auditing: Assurance Services and the Integrity of Financial Reporting (8th ed.) by Boynton and Johnson.

5. ACC 492 UOP Courses Material ACC 492 Week 2 Individual Multiple Choice ACC 492 Week 2 Quiz • 1. Which of the following accounts does not appear in the acquisition and expenditure cycle? • a. Cash. • b. Purchases Returns. • c. Sales Returns. • d. Prepaid Insurance. • Be prepared to take a quiz on topics covered in the assigned readings for Week two. • 1. Expenses are normally accrued at the end of the accounting period by a small business that follows the cash method of accounting. (True/False). • 2. List two expense accounts that are usually accrued at the end of an accounting period. (30%) 

6. ACC 492 UOP Courses Material ACC 492 Week 2 Team Assignment Internal Control Questionnaire ACC 492 Week 3 Individual Multiple Choice Quiz • a.      Control environment • b.      Risk assessment • c.      Control activities • d.      Information systems and communications • e.      Monitoring • 1. Which of the following approaches is most suitable for auditing the finance and investment cycle? • a. Perform extensive tests of controls and limit substantive procedures to analytical procedures. • b. Ignore internal controls and perform extensive substantive procedures. • c. Review internal controls, and perform extensive substantive procedures.

7. ACC 492 UOP Courses Material ACC 492 Week 3 Quiz ACC 492 Week 3 Team Assignment Audit Program Development • 1. Internal control is a process effected by an entity’s board of directors, management, and other personnel that is designed to provide reasonable assurance regarding the achievement of objectives. (True/False) (10%) • 2. What are the two main objectives for conducting preliminary analytical procedures? (30%) • 3. List the two types of audit tests. (30%) • Audit Program Development.  Based on the findings of the Internal Controls Questionnaire your team developed in Learning Team Meeting One, prepare a list of audit objectives for your selected business cycle. Then, develop an audit program to meet your stated audit objectives.

8. ACC 492 UOP Courses Material ACC 492 Week 4 Individual Multiple Choice Quiz ACC 492 Week 4 Quiz • a. Unqualified opinion or disclaimer of opinion. • b. Unqualified opinion or qualified opinion. • c. Emphasis paragraph with unqualified opinion or an adverse opinion. • d. Qualified opinion or adverse opinion. • 1. The auditor's responsibilities with regard to audit works is usually up to the last date of field works. (True/False) • 2. Name the various types of opinions expressed by an independent auditor. • 3. List the three types of going concern issues. •         4. Describe very briefly three conditions under which an auditor issues a qualified report.

9. ACC 492 UOP Courses Material ACC 492 Week 4 Team Assignment Audit Program Presentation ACC 492 Week 5 Individual Assignment Issuing Audit Program Simulation • Audit Program Presentation.  Prepare 8-10 Microsoft® PowerPoint® slides illustrating your Learning Team’s Audit Questionnaire and the results of your completed Audit Program.  Post your answers to the Assignments folder of the responsible individual. • a)      What are the different types of audit reports and when should each be used? • b)      In what types of situations would an auditor be allowed to issue an unqualified audit report? • c)      To what extent is the auditor liable for misstatements in the financial statements of the audited

10. ACC 492 UOP Courses Material ACC 492 Week 5 Team Assignment Case study assignment • Work on the following assignment with your Learning Team, and then have one member of your team post a collective response from the team in the Assignments folder of the responsible individual. • Case Study Assignment:Prepare written answers to the following: Learning Check  4:17 from the text, Modern Auditing: Assurance Services and the Integrity of Financial Reporting (8th ed.)

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