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ACC 305 MART EDUCATION EXPERT / acc305mart.com

ACC 305 Week 1 Assignments E 3-18, E 3-20, J Case 3-5<br>ACC 305 Week 1 DQ 1 FASB and Ethics<br>ACC 305 Week 1 DQ 2 Cash versus Accrual & Financial Disclosures<br>

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ACC 305 MART EDUCATION EXPERT / acc305mart.com

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  1. ACC 305 MART EDUCATION EXPERT / acc305mart.com FOR MORE CLASSES VISIT www.acc305mart.com

  2. ACC 305 Entire Course • 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 Week 2 Problem E4-16 Bluebonnet Bakers

  3. ACC 305 Week 1 Assignments E 3-18, E 3-20, J Case 3-5 (Ash Course) • ACC 305 Week 1 Assignments E 3-18, E 3-20, J Case 3-5

  4. ACC 305 Week 1 DQ 1 FASB and Ethics (Ash Course) • 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.  • 2. Who are the current Board members? Briefly describe their backgrounds. • 3. How are topics added to the FASB’s technical agenda?

  5. ACC 305 Week 1 DQ 2 Cash versus Accrual And Financial Disclosures (Ash Course) • 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

  6. ACC 305 Week 2 DQ 1 Earnings Management Case 4-3 (Ash Course) • Judgment Case 4-3 (page 225) • 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.

  7. ACC 305 Week 2 DQ 2 Revenue Recognition Case 5-2 (Ash Course) • 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. • Required:

  8. ACC 305 Week 2 Problem E4-16 Bluebonnet Bakers (Ash Course) • ACC 305 Week 2 Problem E4-16 Bluebonnet Bakers

  9. ACC 305 Week 2 Problem E4-19 Wainwright Corporation (Ash Course) • ACC 305 Week 2 Problem E4-19 Wainwright Corporation

  10. ACC 305 Week 2 Problem E4-22 Tiger Enterprises (Ash Course) • ACC 305 Week 2 Problem E4-22 Tiger Enterprises

  11. ACC 305 Week 2 Problem E5-3 Installment sales (Ash Course) • ACC 305 Week 2 Problem E5-3 Instalment sales

  12. ACC 305 Week 2 Problem E5-10 Project Contracts (Ash Course) • ACC 305 Week 2 Problem E5-10 Project Contracts

  13. ACC 305 Week 2 Problem Integrating Case 5-23 (Ash Course) • ACC 305 Week 2 Problem Integrating Case 5-23

  14. ACC 305 Week 2 Problem Judgment Case 4-9 (Ash Course) • ACC 305 Week 2 Problem Judgment Case 4-9

  15. ACC 305 Week 3 Communication Case 6-3 (Ash Course) • 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: • 49ers: $1 million signing bonus payable immediately and an annual salary of $1.5 million for the five-year term of the contract.

  16. ACC 305 Week 3 Judgment Case 7-5 (Ash Course) • ACC 305 Week 3 Judgment Case 7-5 • 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.  • 1. John Smith is the petty cash custodian. John approves all requests for payment out of the $200 fund, which is replenished at the end of each month

  17. ACC 305 Week 3 P7-10, P7-14 (Ash Course) • ACC 305 Week 3 P7-10, P7-14

  18. ACC 305 Week 3 P7-14 El Gato Painting Company (Ash Course) • ACC 305 Week 3 P7-14 El Gato Painting Company

  19. ACC 305 Week 4 Assignment E8-13, E8-14, E8-18, P8-5, E9-19, E9-21, P9-1 (Ash Course) • ACC 305 Week 4 Assignment E8-13, E8-14, E8-18, P8-5, E9-19, E9-21, P9-1

  20. ACC 305 Week 4 Communication Case 8-4 (Ash Course) • 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 y

  21. ACC 305 Week 5 Ethics Case 10-12 (Ash Course) • 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 (R&D) expenditures are made for the development of new drugs and the improvement of existing drugs. During 2011, $220 million was spent on R&D. Of this amount, $30 million was spent on the purchase of equipment to be used in a research project involving the development of a new antibiotic. • The controller, Alice Cooper, is considering capitalizing the equipment and depreciating it over the five-year useful life of the equipment at $6 million per year, even though the equipment likely will be used on only one project. The company president has asked Alice to make every effort to increase 2011 earnings because in 2012 the

  22. ACC 305 Week 5 Final Paper (FASB) (Ash Course) • 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. (Note: you may advance your own topic, but it must be approved by your instructor.) • Explain the role of the FASB in monitoring

  23. ACC 305 Week 5 P11-5, P11-7 (Ash Course) • ACC 305 Week 5 P11-5, P11-7

  24. ACC 305 Week 5 Problem E11-5, E11-10 (Ash Course) • ACC 305 Week 5 Problem E11-5, E11-10

  25. ACC 305 MART EDUCATION EXPERT / acc305mart.com FOR MORE CLASSES VISIT www.acc305mart.com

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