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ACC 422 Course Experience Tradition / acc422.com ACC 422 Final Exam Guide 1 ACC 422 Entire Course ACC 422 Week 1 DQ 1 ACC 422 Week 1 DQ 2 ACC 422 Week 1 DQ 3 ACC 422 Week 1 Individual Assignment Disclosure Analysis Paper (2 Papers) ACC 422 Week 1 CPA Practice Exam ACC 422 Week 1 Team Assignment Audited Financial Statements (Nordstrom Inc.) 1. Kraft Enterprises owns the following assets at December 31, 2012. Cash in bank–savings account 67,516 Checking account balance 26,445 Cash on hand 9,478 Postdated checks 753 Cash refund due from IRS 40,324 Certificates of deposit (180-day) 94,754

ACC 422 Course Experience Tradition / acc422.com ACC 422 Final Exam Guide 3 ACC 422 Final Exam Guide 2 1. Kraft Enterprises owns the following assets at December 31, 2012. Cash in bank–savings account 67,516 Checking account balance 26,445 Cash on hand 9,478 Postdated checks 753 Cash refund due from IRS 40,324 Certificates of deposit (180-day) 94,754 What amount should be reported as cash? ACC 422 Final Exam Guide 3SET 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 on a balance sheet?

ACC 422 Course Experience Tradition / acc422.com ACC 422 Week 1 CPA Practice Exam ACC 422 Final Exam Guide All 3 Sets 1. Kraft Enterprises owns the following assets at December 31, 2012. Cash in bank–savings account 67,516 Checking account balance 26,445 Cash on hand 9,478 Postdated checks 753 Cash refund due from IRS 40,324 Certificates of deposit (180-day) 94,754 What amount should be reported as cash? 1. What amount should Herc report as inventory in its December 31, 2005, balance sheet? 2. What dollar-value LIFO inventory cost would be reported in Cobb's December 31, 2006, balance sheet? 3. Garson Co.

ACC 422 Course Experience Tradition / acc422.com ACC 422 Week 1 DQ 2 ACC 422 Week 1 DQ 1 Consider how an organization must manage cash, receivables, and inventory. Which of the three variables is the most important to manage? Is one more susceptible to fraud and errors than the others? Explain your answer. How would a misstatement in each affect the organization? What is the perpetual method of tracking inventory? How does it differ from the periodic method of tracking inventory? Why would a company choose one method over the other method? Which is the best method? Why?

ACC 422 Course Experience Tradition / acc422.com ACC 422 Week 1 Individual Assignment Disclosure Analysis Paper (2 Papers) ACC 422 Week 1 DQ 3 What are the different ways to estimate bad debt? How does this affect net income? What does Generally Accepted Accounting Principles (GAAP) require? Why? Should all companies have bad debt? Explain your answer. This Tutorial contains 2 Papers Resource: Internet Select a publicly held company to use as the basis for this assignment. Research your selected company and acquire the company’s most recent financial statements using the Internet.

ACC 422 Course Experience Tradition / acc422.com ACC 422 Week 1 Team Assignment Audited Financial Statements (Nordstrom Inc.) ACC 422 Week 1 Individual WileyPlus Assignment (Exercise 7-2, 7-4, 7-8, 7-9, 7-13, 7-16, 8-3, 8-13) Complete the following Week 1 Assignment in WileyPLUS: • Exercise 7-2 • Exercise 7-4 • Exercise 7-8 • Exercise 7-9 • Exercise 7-13 • Exercise 7-16 • Exercise 8-3 • Exercise 8-13 Take a screenshot of your completed work, and Click the Assignment Files tab to submit your screenshot. Each team is assigned a publically traded company that they will use to answer the questions in the Financial Scavenger Hunt assigned each week. Team A: Nordstrom Inc. Team B: Macy's Inc. Locate your assigned company's latest audited financial statements and post them on the assignment tab. Review the financial statements

ACC 422 Course Experience Tradition / acc422.com ACC 422 Week 2 DQ 1 ACC 422 Week 2 CPA Practice Exam 1. On June 18, 2005, Dell Printing Co. incurred the following costs for one of its printing presses: 2. The overhaul resulted in a significant increase in production. Neither the attachment nor the overhaul increased the estimated useful life of the press. What amount of the above costs should be capitalized? Under what circumstances would a company need to estimate its inventory? What are the differences between using the gross profit method and retail inventory method for estimating inventory? Which method of estimation, gross profit or retail inventory, is best? Explain your answer.

ACC 422 Course Experience Tradition / acc422.com ACC 422 Week 2 DQ 3 ACC 422 Week 2 DQ 2 How do we account for the disposition of fixed assets? What are the differences in how the exchanges of assets are handled, pending on whether they are similar or dissimilar? What is the rationale for these differences? What is the impact to the companies’ financial statements? What are the criteria for capitalization of fixed assets? What items are included in the cost of a fixed asset? Should interest be included in the cost of a fixed asset? Explain why or why not.

ACC 422 Course Experience Tradition / acc422.com ACC 422 Week 2 Team Assignment Textbook Problems (P7-1, P7-2, P8-4) ACC 422 Week 2 Individual WileyPlus Assignment (Exercise 9-3, 9-12, 9-19, 10-2, 10-23, 10-24) Complete the following Week Two Assignment in WileyPLUS: • Exercise 9-3 • Exercise 9-12 • Exercise 9-19 • Exercise 10-2 • Exercise 10-23 • Exercise 10-24 Take a screenshot of your completed work, and Click the Assignment Files tab to submit your screenshot. Prepare written responses to the following assignments from Ch. 7 & 8 of Intermediate Accounting: • Problem 7-1 • Problem 7-2 • Problem 8-4 Click the Assignment Files tab to submit your assignment.

ACC 422 Course Experience Tradition / acc422.com ACC 422 Week 3 DQ 1 ACC 422 Week 3 CPA Practice Exam 1. Alta Co. spent $400,000 during the current year developing a new idea for a product that was patented during the year. The legal cost of applying for a patent license was $40,000. Also, $50,000 was spent to successfully defend the rights of the patent against a competitor 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. Should the financial statements reflect the value of fixed assets? Explain why or why not.

ACC 422 Course Experience Tradition / acc422.com ACC 422 Week 3 DQ 3 ACC 422 Week 3 DQ 2 What is an intangible asset? Should all intangible assets be subject to amortization? Explain why or why not. Why are some intangible assets not amortized? What is the implication to the financial statements? What are the different methods used to calculate depreciation? How does a company decide which method it should utilize? How does its choice affect the financial statements? Should companies standardize the method of depreciation to enhance comparability? Explain your answer.

ACC 422 Course Experience Tradition / acc422.com ACC 422 Week 3 Team Assignment Textbook Problems (P9-2, P9-4, P10-3, P10-4) 100% Score ACC 422 Week 3 Individual WileyPlus Assignment Exercise 11-6, 11-9, 11-21, 12-1, 12-6, 12-8, 12-17 Complete the following Week Three Assignment in WileyPLUS: • Exercise 11-6 • Exercise 11-9 • Exercise 11-21 • Exercise 12-1 • Exercise 12-6 • Exercise 12-8 • Exercise 12-17 Take a screenshot of your completed work, and Click the Assignment Files tab to submit your screenshot Prepare written responses to the following assignments from Ch. 9 & 10 of Intermediate Accounting: Problem 9-2 Problem 9-4 Problem 10-3 Problem 10-4 Click the Assignment Files tab to submit your assignment.

ACC 422 Course Experience Tradition / acc422.com ACC 422 Week 4 Individual Wileyplus Assignment Exercise 13-1, 13-3, 13-5, 13-8, 13-11, 14-4, 14-13 ACC 422 Week 4 CPA Practice Exam 1. On September 30, World Co. borrowed $1,000,000 on a 9% note payable. World paid the first of four quarterly payments of $264,200 when due on December 30. In its December 31, balance sheet, what amount should World report as note payable? Resource: WileyPLUS Complete the following Week Four Assignment in WileyPLUS: • Exercise 13-1 • Exercise 13-3 • Exercise 13-5 • Exercise 13-8 • Exercise 13-11 • Exercise 14-4 • Exercise 14-13 Take a screenshot of your completed work, and Click the Assignment Files tab to submit your screenshot.

ACC 422 Course Experience Tradition / acc422.com ACC 422 Week 4 Team Assignment Textbook Problems (P11-1, P12-1)  ACC 422 Week 4 Team Assignment Financial Scavenger Hunt #3 (Nordstrom) Review the financial statements, including any notes and supplemental information, and answer the following questions. Indicate where you found the answer to the questions. If calculations are required, show your work. Fixed Assets and Intangibles Prepare written responses to the following assignments from Ch. 11 & 12 of Intermediate Accounting: • Problem 11-1 • Problem 12-1 Click the Assignment Files tab to submit your assignment.

ACC 422 Course Experience Tradition / acc422.com ACC 422 Week 5 Team Assignment Textbook Problems (P13-10,P14-2, P21-3) ACC 422 Week 5 Individual WileyPlus Assignment Exercise 21-2, 21-4, 21-8 (Essay), 21-8, 21-13 Complete the following Week Five Assignment in WileyPLUS: • Exercise 21-2 • Exercise 21-4 • Exercise 21-8 (Essay) • Exercise 21-8 • Exercise 21-13 Take a screenshot of your completed work, and Click the Assignment Files tab to submit your screenshot. Prepare written responses to the following assignments from Ch. 13,14 & 21 of Intermediate Accounting: Problem 13-10 Problem 14-2 Problem 21-3 Click the Assignment Files tab to submit your assignment.

ACC 422 Course Experience Tradition / acc422.com Fore more Courses www.acc422.com