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ACC 422 Course Material - acc422dotcom

ACC 422 Course Material - acc422dotcom

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ACC 422 Course Material - acc422dotcom

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  1. ACC 422 Course Material - acc422dotcom

  2. ACC 422 Course Material • 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 • ACC 422 Week 1 Summary • ACC 422 Week 2 DQ 1 • ACC 422 Week 2 DQ 2 • ACC 422 Week 2 DQ 3 • ACC 422 Week 2 Summary • 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? ACC 422 Entire Course ACC 422 Week 1 DQ 1

  3. ACC 422 Course Material • 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? • 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. ACC 422 Week 1 DQ 2 ACC 422 Week 1 DQ 3

  4. ACC 422 Course Material • 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. • Post a 150 words summary what you have learned this week ACC 422 Week 1 Individual Assignment Disclosure Analysis Paper ACC 422 Week 1 Summary

  5. ACC 422 Course Material • 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. • 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 Week 2 DQ 1 ACC 422 Week 2 DQ 2

  6. ACC 422 Course Material • 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? • Resource: Intermediate Accounting • Prepare written responses to the following assignments from the text: • Ch. 7: Exercises E7-2 & E7-8 • Ch. 8: Question 13 and Exercises E8-5 & E8-14 ACC 422 Week 2 DQ 3 ACC 422 Week 2 Individual Assignment E7-2, E7-8,Q13,E8-5 And E8-14

  7. ACC 422 Course Material • Resource: Intermediate Accounting • Prepare written responses to the following assignments from the text: • Ch. 7: Problem P7-10 • Ch. 8: Exercise E8-25 • Post a 150 words summary what you have learned this week ACC 422 Week 2 Learning Team Assignment From The Text P7-10 And E8-25 ACC 422 Week 2 Summary

  8. ACC 422 Course Material • 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. • 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 Week 3 DQ 1 ACC 422 Week 3 DQ 2

  9. ACC 422 Course Material • 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? • Resource: Intermediate Accounting • Prepare written responses to the following assignments from the text: • · Ch. 9: Exercises E9-1, E9-12, & E9-19 • Ch. 10: Exercises E10-5 & E10-12 ACC 422 Week 3 DQ 3 ACC 422 Week 3 Individual Assignment From the Text E9-1,E9-12,E9-19,E10-5 And E10-12

  10. ACC 422 Course Material • Resource: Intermediate Accounting • Prepare written responses to the following assignments from the text: • · Ch. 9: Problem P9-9 • Ch. 10: Problem P10-8 • Post a 150 words summary what you have learned this week ACC 422 Week 3 Learning Team Assignment From The Text P9-9 And P10-8 ACC 422 Week 3 Summary

  11. ACC 422 Course Material • What are the criteria for classifying an item as a current liability? • What are some examples of current liabilities? • Why is it important to classify a portion of long-term debt on a yearly basis as a current liability? • What is the implication of misclassifying a liability as current or long-term? • What is a contingency? • Why are contingencies important to users of financial statements? • What are the criteria for recording contingencies? • Should companies record a liability for threatened litigation? Explain why or why not. ACC 422 Week 4 DQ 1 ACC 422 Week 4 DQ 2

  12. ACC 422 Course Material • What is a bond? What are some features of a bond? How do you value bonds? What factors can affect that value? • Resource: Intermediate Accounting • Prepare written responses to the following assignments from the text: • · Ch. 11: Exercises E11-4 & E11-11 • · Ch. 12: Exercises E12-6 & E12-16 • Prepare a response to the following questions: ACC 422 Week 4 DQ 3 ACC 422 Week 4 Individual Assignment From The Text E11-4,E11-11,E12-6 And E12-16

  13. ACC 422 Course Material • Resource: Intermediate Accounting • Prepare written responses to the following assignments from the text: • · Ch. 11: Exercise E11-18 & Problem P11-10 • Ch. 12: Problem P12-3 • What are the differences between a direct-financing and a sales-type lease for a lessor? • Why would a lessor provide direct-financing to a lessee? • What types of organizations provide direct-financing leases? ACC 422 Week 4 Learning Team Assignment From The Text E11-18,P11-10 And P12-3 ACC 422 Week 5 DQ 1

  14. ACC 422 Course Material • What are the criteria for classifying a lease as operating or capital? • Why is there a difference between the two? • What are the implications of an operating lease versus a capital lease on an entity’s financial statements? • What is residual value? • What is the implication to the lessee if the residual value is guaranteed or unguaranteed? • What is the implication to the lessor? ACC 422 Week 5 DQ 2 ACC 422 Week 5 DQ 3

  15. ACC 422 Course Material • Week 5 – DQ 4 • What are the advantages of operating and capital leases? What are the disadvantages? • Why would a company pick one over the other? • Resource: Intermediate Accounting • Prepare written responses to the following assignments listed at the end of each chapter: • • Ch. 13: Exercises E13-1, E13-7, E13-11, & E13-13 • • Ch. 21: Question 3 ACC 422 Week 5 DQ 4 ACC 422 Week 5 Individual Assignment From The Text E13-1,E13-7,E13-11 And E13-13

  16. ACC 422 Course Material • Resource: Intermediate Accounting • Prepare written responses to the following assignments from the text: • · Ch. 13: Problem P13-4 • · Ch. 14: Exercise E14-21 • Ch. 21: Exercise E21-7 • Collaborate as a team to provide written responses to a facilitator-assigned problem. • Prepare a 5- to 10-minute oral presentation accompanied by a 7- to 9-slide Microsoft® PowerPoint® presentation illustrating your team’s solution to the assigned problem. • Note. Each week, the facilitator assigns one Learning Team a problem to present that the team must complete during the succeeding Learning Team Meeting. ACC 422 Week 5 Learning Team Assignment From The Text P13-4,E14-21 And E21-7 ACC 422 Week 5 Learning Team Problem Presentation

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