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Let’s begin by defining operational assets and identifying what they are used

Just Click on Below Link To Download This Course:<br><br>https://www.devrycourses.com/product/devry-acc-305-full-course-latest/<br><br>DEVRY ACC 305 FULL COURSE (NOT WEEK 4&8 EXAM)<br> <br>DEVRY ACC 305 WEEK 1 DISCUSSIONS LATEST<br>Dq1<br>Operational Assets<br>

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Let’s begin by defining operational assets and identifying what they are used

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  1. DEVRY ACC 305 FULL COURSE LATEST Just Click on Below Link To Download This Course: https://www.devrycourses.com/product/devry-acc-305-full-course-latest/ Or Email us help@devrycourses.com DEVRY ACC 305 FULL COURSE (NOT WEEK 4&8 EXAM) DEVRY ACC 305 WEEK 1 DISCUSSIONS LATEST Dq1 Operational Assets Let’s begin by defining operational assets and identifying what they are used for in a business. Also, how do operational assets differ from other types of assets? It can be helpful to think of an operational asset that you might have seen at your job or a business you have visited. Dq2 Disposition and Exchanges How is a disposition and exchange defined? What are some ways that companies dispose of assets? What are some reasons that companies dispose of assets? DEVRY ACC 305 WEEK 2 DISCUSSIONS LATEST Dq1 Intangible Assets We introduced intangible assets last week, and this week we will study them in more detail. Please define and describe in detail the term intangible asset. What major characteristics differentiate intangible assets from other assets? How is the useful life determined for intangibles? Dq2 Research and Development Costs

  2. This topic will cover research and development (R & D) costs and how they are accounted for according to GAAP. Please define R & D costs and explain how these are presented in the financial statements of a company. DEVRY ACC 305 WEEK 3 DISCUSSIONS LATEST Dq1 Cost Allocation and Measurement Please define cost allocation for operational assets. What are the various time-based and activity-based methods used to allocate these costs? How does cost allocation differ for fixed assets, intangible assets, and natural resources? Dq2 Impairment of Operational Assets What is impairment of operational assets? How do we determine whether an impairment exists? How do we calculate the impairment loss? Goodwill impairment has special accounting rules. How does an impairment of goodwill differ from impairments associated with other intangible assets? DEVRY ACC 305 WEEK 4 DISCUSSIONS LATEST Dq1 Investment Securities Based upon what you have read in your e-book and lesson, including the Becker material, identify the categories of debt and equity securities, and describe the accounting and reporting treatment for each category. How do debt and equity securities differ? Describe how the various levels of ownership impact how companies account for investments. Dq2 SFAS 115 What are the three categories of SFAS 115? How are they determined? How do we treat unrealized gains and losses under each method? How are the unrealized gains and losses reported? DEVRY ACC 305 WEEK 5 DISCUSSIONS LATEST Dq1

  3. Contingent Liabilities Define contingent liability. What is the criteria to determine whether or not to report the contingency on financial statements? What supporting documentation is required? Please provide a detailed example of a contingent liability. Dq2 Current Liabilities Please identify a type of current liability. For the current liability you select, please identify the general rule on reporting the current liability on the financial statement. DEVRY ACC 305 WEEK 6 DISCUSSIONS LATEST Dq1 Bonds and Notes Payable Let’s discuss the differences between bonds and notes payable. How do we account for bonds when they are issued at par, at a premium, and at a discount? What are the required disclosures for notes and bonds payable? Dq2 Bond Features Reflect on the materials you have reviewed for this week, including your e-book, lesson, and Becker material. What are the key features of bonds? Let’s also discuss some of the different types of bonds. What are debenture bonds or collateralized bonds? What are callable bonds and what are convertible bonds? How are they accounted for? DEVRY ACC 305 WEEK 7 DISCUSSIONS LATEST Dq1 Capital Lease Please define a capital lease. What is the criteria to categorize a lease as a capital lease? Which financial statements are impacted upon the determination that a lease is a capital lease? Dq2

  4. Operating Versus Capital Leases Please define an operating lease. How is an operating lease different than a capital lease? Which financial statements are impacted on the determination that a lease is an operating lease? DEVRY ACC 305 WEEK 1 HOMEWORK LATEST Exercises E10-1, E10-8, E10-14, and E10-18. Please submit completed homework in Excel to the Dropbox by Sunday at 11:59 p.m.MT. Submit your assignment to the Dropbox, located at the top of this page. For instructions on how to use the Dropbox, read these step-by-step instructions. See the Syllabus section “Due Dates for Assignments & Exams” for due date information. DEVRY ACC 305 WEEK 2 HOMEWORK LATEST Exercises E10-5, E10-6, E10-7, and E10-26. Submit your assignment to the Dropbox, located at the top of this page. For instructions on how to use the Dropbox, read these step-by-step instructions. See the Syllabus section “Due Dates for Assignments & Exams” for due date information Week 2 – Homework Michael R. Trujillo Chapter 4 8. 8.Calculating Rates of Return.In 2011, an 1880-O Morgan silver dollar sold for $13,113. What was the rate of return on this investment? 9. 17.Calculating Present Values.Suppose you are still committed to owning a $150,000 Ferrari (see Question 9). If you believe your mutual fund can achieve a 10.25 percent annual rate of return, and you want to buy the car in 10 years on the day you turn 30, how much must you invest today? 10. 18.Calculating Future Values.You have just made your first $5,000 contribution to your individual retirement account. Assuming you earn a 10.1 percent rate of return and make no additional contributions, what will your account be worth when you retire in 45 years? What if you wait 10 years before contributing? (Does this suggest an investment strategy?) Chapter 5 1. 1.Present Value and Multiple Cash Flows.Rooster Co. has identified an investment project with the following cash flows. If the discount rate is 10 percent, what is the present value of these cash flows? What is the present value at 18 percent? At 24 percent?

  5. Present Value – 10% Year 1 – $830 $830/1.10 = $754.54 Year 2 – $610 $610/1.10^2 = $504.13 Year 3 – $1,140 $1,140/1.10^3 = $856.50 Year 4 – $1,390 $1,390/1.10^4 = $949.39 Present Value – 18% Year 1 – $830 $830/1.18 = $703.39 Year 2 – $610 $610/1.18^2 = $438.09 Year 3 – $1,140 $1,140/1.18^3 = $693.84 Year 4 – $1,390 $1,390/1.18^4 = $716.95 Present Value – 24% Year 1 – $830 $830/1.24 = $669.35 Year 2 – $610 $610/1.24^2 = $396.72 Year 3 – $1,140 $1,140/1.24^3 = $597.92 Year 4 – $1,390 $1,390/1.24^4 = $587.93 4. 4.Calculating Annuity Present Values.An investment offers $6,700 per year for 15 years, with the first payment occurring 1 year from now. If the required return is 8 percent, what is the value of the investment? What would the value be if the payments occurred for 40 years? For 75 years? Forever? 5. 12.Calculating EAR.Find the EAR in each of the following cases: APR Compounding Formula 10% Quarters (4) (1 .10/4)^4-1 17% Monthly (12) (1 .17/12)^12-1 13% Daily (365) (1 .13/365)^365-1 9% Semi (2) (1 .09/2)^2-1

  6. DEVRY ACC 305 WEEK 3 HOMEWORK LATEST Exercises E11-1, E11-6, E11-11, E11-14, and E11-20 Brief Exercises BE11-10 and BE11-16 Submit your assignment to the Dropbox, located at the top of this page. For instructions on how to use the Dropbox, read these step-by-step instructions. See the Syllabus section “Due Dates for Assignments & Exams” for due date information. DEVRY ACC 305 WEEK 4 HOMEWORK LATEST Exercises E12-1, E12-5, E12-8, and E12-14 Submit your assignment to the Dropbox, located at the top of this page. For instructions on how to use the Dropbox, read these step-by-step instructions. See the Syllabus section “Due Dates for Assignments & Exams” for due date information. DEVRY ACC 305 WEEK 5 HOMEWORK LATEST Exercises E13-1, E13-7, E13-15, E13-17, and E13-21 Submit your assignment to the Dropbox, located at the top of this page. For instructions on how to use the Dropbox, read these step-by-step instructions. See the Syllabus section “Due Dates for Assignments & Exams” for due date information. DEVRY ACC 305 WEEK 6 HOMEWORK LATEST Exercises E14-2, E14-3, E14-5, E 14-7, and E14-17 Submit your assignment to the Dropbox, located at the top of this page. For instructions on how to use the Dropbox, read these step-by-step instructions. See the Syllabus section “Due Dates for Assignments & Exams” for due date information DEVRY ACC 305 WEEK 7 HOMEWORK LATEST Exercises E15-1, E15-3, E15-4, E15-5, and E15-8 Submit your assignment to the Dropbox, located at the top of this page. For instructions on how to use the Dropbox, read these step-by-step instructions.

  7. See the Syllabus section “Due Dates for Assignments & Exams” for due date information. DEVRY ACC 305 WEEK 1 QUIZ LATEST <pclass=”msonormal” style=”box-sizing: border-box; user-select: initial !important;”>Week 1 quiz 1. 1.Question : (TCO 1) The acquisition costs of property, plant, and equipment do not include the ordinary and necessary costs to bring the asset to its desired condition and location for use. the net invoice price. legal fees, delivery charges, installation, and any applicable sales tax. maintenance costs during the first 30 days of use. Question 2. Question : (TCO 1) Cantor Corporation acquired a manufacturing facility on four acres of land for a lump-sum price of $8,000,000. The building included used but functional equipment. According to independent appraisals, the fair values were $4,500,000, $3,000,000, and $2,500,000 for the building, land, and equipment, respectively. The initial values of the building, land, and equipment would be which of the following? Building Land Fixtures a. $ 4,500,000 $ 3,000,000 $ 2,500,000 b. $ 4,500,000 $ 3,000,000

  8. $ 500,000 c. $ 3,600,000 $ 2,400,000 $ 2,000,000 d. None of the above Option a Option b Option c Option d Question 3. Question : (TCO 3) The basic principle used to value an asset acquired in a nonmonetary exchange is to value it at fair value of the asset(s) given up. the book value of the asset given plus any cash or other monetary consideration received. fair value or book value, whichever is smaller. the book value of the asset given. Question 4. Question : (TCO 1) Interest is eligible to be capitalized as part of an asset’s cost, rather than being expensed immediately, when the interest is incurred during the construction period of the asset. the asset is a discrete construction project for sale or lease. the asset is self-constructed, rather than acquired. All of the above

  9. Question 5. Question : (TCO 3) Horton Stores exchanged land and cash of $5,000 for similar land. The book value and the fair value of the land were $90,000 and $100,000, respectively. Assuming that the exchange has commercial substance, Horton would record land-new at and record a gain/(loss) of Land Gain(Loss) 1. a.$105,000.$0 2. b.$105,000.$10,000 3. c.$95,000 $0 4. d.$95,000 $10,000 Option a Option b Option c Option d DEVRY ACC 305 WEEK 2 QUIZ LATEST 1. 1.Question : (TCO 2) The exclusive right to benefit from a creative work, such as a film, is a patent. copyright. trademark. franchise. Question 2. Question : (TCO 2) Our company purchased all of the outstanding stock of another company, paying $2,700,000 cash. Our company assumed all of the liabilities of the other company. Book values and fair values of acquired assets and liabilities were as follows. Book Value Fair Value

  10. Current assets, net $ 420,000 $ 450,000 Property, plant and equipment, net $ 1,600,000 $ 2,250,000 Liabilities $ 500,000 $ 600,000 Our company would record goodwill of $1,180,000. $600,000. $880,000. $100,000. Question 3. Question : (TCO 2) Research and development (R & D) costs generally pertain to activities that occur prior to the start of production. may be expensed or capitalized, at the option of the reporting entity. must be capitalized and amortized. None of the above Question 4. Question : (TCO 2) Under International Financial Reporting Standards, research expenditures are expensed in the period incurred. expensed in the period they are determined to be unsuccessful.

  11. capitalized if certain criteria are met. expensed if unsuccessful, capitalized if successful. Question 5. Question : (TCO 2) Goodwill is IN amortized over the greater of its estimated life, or 40 years. only recorded by the seller of a business. the excess of the fair value of a business over the fair value of all net identifiable assets. None of the above DEVRY ACC 305 WEEK 3 QUIZ LATEST Question 1. Question : (TCO 4) In the first year of an asset’s life, which of the following methods has the largest depreciation? Straight-line Double declining balance Sum-of-the-years’ digits Composite or group Question 2. Question : (TCO 4) Amortization refers to the cost allocation for a patent. a building. land. IN a silver mine. Question 3. Question : (TCO 4) Depreciation, depletion, and amortization all refer to the process of allocating the cost of long-term assets used in the business over future periods.

  12. all generally utilize the same methods of cost allocation. are all handled the same in arriving at taxable income. All of the above Question 4. Question : (TCO 4) Cutter Enterprises purchased equipment for $72,000 on January 1, 2011. The equipment is expected to have a 5-year life and a residual value of $6,000. Using the straight-line method, depreciation for 2011 would be $13,200. $14,400. $72,000. IN None of the above Question 5. Question : (TCO 4) A change from the straight-line method to the sum-of-years’ digits method of depreciation is handled as a retrospective change back to the date of acquisition as though the current estimated life had been used all along. a cumulative adjustment to income in the current year for the difference in depreciation under the new versus old useful life estimate. a prospective change from the current year through the remainder of its useful life. None of the above DEVRY ACC 305 WEEK 5 QUIZ LATEST 1. 1.Question : (TCO 6) Which of the following is not a current liability? Wages payable A note payable due in 3 months

  13. Accrued sales taxes Prepaid insurance Question 2. Question : (TCO 6) Each of the following but one represents collections for third parties. Which one of the following is not a collection for a third party? Sales tax payable Customer deposits Employee insurance deductions Social Security taxes deductions Question 3. Question : (TCO 6) Which of the following is the best definition of a current liability? An obligation payable within 1 year An obligation payable within 1 year of the balance sheet date An obligation payable within 1 year or within the normal operating cycle, whichever is longer An obligation expected to be satisfied with current assets or by the creation of other current liabilities Question 4. Question : (TCO 6) A company should accrue a loss contingency only if the likelihood that a liability has been incurred is more likely than not and the amount of the loss is known. at least reasonably possible and the amount of the loss is known. at least reasonably possible and the amount of the loss can be reasonably estimated. probable and the amount of the loss can be reasonably estimated. Question 5. Question : (TCO 6) In the current year, our company reported warranty expense of $190,000 and the warranty liability account increased by $20,000. Which were warranty expenditures during the year?

  14. $190,000 $170,000 $210,000 $0 DEVRY ACC 305 WEEK 7 QUIZ LATEST 1. 1.Question : (TCO 8) For the lessee to account for a lease as a capital lease, the lease must meet all four of the criteria specified by GAAP regarding accounting for leases. any one of the six criteria specified by GAAP regarding accounting for leases. any two of the criteria specified by GAAP regarding accounting for leases. any one of the four criteria specified by GAAP regarding accounting for leases. Question 2. Question : (TCO 8) GAAP requires that some lease agreements be accounted for as purchases. The theoretical justification for this treatment is that a lease of this type complies with the concept of form over substance. reflects the relationship of cause and effect. satisfies the concept of historical cost. conveys most of the risks and benefits of property ownership. Question 3. Question : (TCO 8) One of the four criteria for a capital lease specifies that the lease term be equal to or greater than 75% of the expected economic life of the leased property. 90% of the expected economic life of the leased property. 80% of the expected economic life of the leased property. 50% of the expected economic life of the leased property.

  15. Question 4. Question : (TCO 8) On February 1, 2011, our company became the lessee of equipment under a five-year, noncancelable lease. The estimated economic life of the equipment is eight years. The fair value of the equipment was $600,000. The lease does not meet the definition of a capital lease in terms of a bargain purchase option, transfer of title, or the lease term. However, we must classify this as a capital lease if the present value of the minimum lease payments is at least $600,000. $540,000. $450,000. $405,000. Question 5. Question : (TCO 8) Which of the following would a lessee not record in connection with a lease? Lease Revenue Amortization Expense IN Interest Revenue Lease Expense DEVRY ACC 305 WEEK 6 COURSE PROJECT LATEST <pclass=”msonormal” style=”box-sizing: border-box; user-select: initial !important;”>Week 6 course project Objective: To analyze the financial statements of a publicly traded company Obtain an annual report from a publicly traded corporation that is interesting to you. Be sure the company has property and equipment, intangible assets, and long-term debt on its balance sheet. Using techniques you have learned in the previous weeks, respond to the following questions. What is the amount of property and equipment on the balance sheet for the two most recent years? What is the amount of accumulated depreciation and the depreciation expense? What amounts are on the cash flow statement for the most recent year that relate to depreciation, gains and sales of property and

  16. equipment, and purchases and sale of property of equipment? What amounts are permitted for inclusion in the capitalized cost of property and equipment? Looking at the footnote disclosures of the company, what are the individual components of property and equipment? For example, what are the amounts for land, building, equipment, accumulated depreciation, and so forth? How do companies account for nonmonetary exchange and dispositions of property and equipment? Does the company have intangible assets? If so, what are the types of intangible assets (patent, copyrights, etc.) and their amounts? What is the amount of accumulated amortization and amortization expense? What amounts on the most recent cash flow statement relate to the purchase and sale of intangible assets? How do intangible assets differ from property and equipment? What costs do we include in intangible assets? Does the company have goodwill? What are the footnote disclosures relating to goodwill and the related acquisition? Please also describe the calculation of goodwill and how we account for differences between fair value and book value of assets acquired. What are the company’s depreciation methods? What is the range of estimated useful lives used for depreciating its assets? Does the company use the same depreciation methods for financial statements and tax returns? If not, please describe the methods used for tax purposes. What are the company’s footnote disclosures relating to impairment? Please also describe how to determine whether an impairment exists and how to calculate the impairment loss. What are the amounts and descriptions of the company’s current liabilities for the most recent year? Does the company have any contingent liabilities? If yes, please describe them. Does the company have any subsequent events disclosed in its footnotes? If so, please describe them. What are the amounts and descriptions for all of the company’s long-term liabilities on its balance sheet for the two most recent years? What is the interest expense for the two most recent years? What amounts are included in the cash flow statements for proceeds from issuance of debt and repayment of debt for the most recent year? For each note payable discussed in the footnotes disclosures, what is the interest rate, total amount borrowed, and maturity date? Does the company have bonds payable? If so, what are the amounts? Please also describe how bonds payable differ from notes payable and how to account for the issuance of bonds at par, at a discount, and at a premium. How is the discount and premium amortized? What is the effective interest method?

  17. Does the company have capital leases? If so, what are the amounts and terms of the leases? What are the four criteria for a lease to be considered a capital lease? What are the additional criteria for the lessor? What is the difference between a sales-type lease and a direct-financing lease? Guidelines Papers must be 7 to 10 pages in length. Use a 12-point font, with double spacing, and include a cover page, table of contents, introduction, body of the report, summary or conclusion, and works cited. Even though this is not a scientific-type writing assignment, references are still very important. At least three authoritative, outside references are required (articles and web pages with anonymous authors are not acceptable). These should be listed on the Works Cited page. Appropriate citation is required. All DeVry University policies are in effect, including the plagiarism policy. Papers are due on Sunday of Week 6 of this course. Any questions about this paper can be discussed in the weekly Q & A Forum. This paper is worth 125 total points and will be graded on quality of research topic, quality of paper information, use of citations, grammar, and sentence structure. Milestones See the Syllabus section “Due Dates for Assignments & Exams” for due date information. Grading Rubrics Category Points % Description Documentation and Formatting 12 10 Organization and Cohesiveness 13 10 Editing 12 10 Content 88 70 Total 125 100 A quality paper will meet or exceed all of the above requirements. Best Practices The following are best practices in preparing this paper.

  18. Cover page: Include whom you prepared the paper for, who prepared it, and the date. Table of contents: List the main ideas and sections of the paper and the pages where they are located. Illustrations should be included separately. Introduction: Use a header on your paper. This will indicate that you are introducing the paper. The purpose of an introduction or opening is to introduce the subject and why the subject is important; preview the main ideas and the order in which they will be covered; and establish the tone of the document. Include in the introduction a reason for the audience to read the paper. Also include an overview of what you will cover and the importance of the material. (This should include or introduce the questions you are asked to answer in each assignment.) Body of the report: Use a header with the name of the project. An example is, “The Development of Hotel X: A World Class Resort.” Proceed to break out the main ideas: State the main ideas, give the major points of each idea, and provide evidence. Show some type of division, such as separate, labeled sections; separate groups of paragraphs; or headers. Include the information you found during your research and investigation. Summary and conclusion: Summarizing is similar to paraphrasing but presents the gist of the material in fewer words than the original. An effective summary identifies the main ideas and the major support points from the body of the report; minor details are left out. Summarize the benefits of the ideas and how they affect the subject. Works cited: Use the citation format specified in the Syllabus. Additional hints on preparing the best possible project follow. Apply a three-step process to writing: plan, write, and complete. Prepare an outline of the research paper before going forward. Complete a first draft and then go back to edit, evaluate, and make any changes required. Use visual communication to further clarify and support the written part of the report. Examples include graphs, diagrams, photographs, flowcharts, maps, drawings, animation, video clips, pictograms, tables, and Gantt charts.

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