ACC 305(ASH) your Dreams Our Mission/uophelp.com

1. ACC 305(ASH) your Dreams Our Mission/uophelp.com For more course tutorials visit www.uophelp.com

2. ACC 305(ASH) your Dreams Our Mission/uophelp.com ACC 305 Entire Course (DQs, Assignment, Quizzes) For more course tutorials visit www.uophelp.com Please check All included Assignments/DQs/Quiz Below ACC 305 Week 1 Assignments E 3-18, E 3-20, Judgement 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 1 Quiz (2 Set) 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 Assignment Integrating Case 5-23 (Covington Pike) ACC 305 Week 2 Quiz ACC 305 Week 2 Assignment (E4-16

3. ACC 305(ASH) your Dreams Our Mission/uophelp.com ACC 305 Week 1 Assignments E 3-18, E 3-20, Judgement Case 3-5 For more course tutorials visit www.uophelp.com Week One Exercises. Complete the following activities and submit your answers to your instructor in a Word document formatted to proper APA specifications. Include any relevant supporting calculations. E3-18 (Page 152) Determine the following 2011 balance sheet items using the information provided in the problem. 1. Current Assets 2. Shareholders’ Equity 3. Noncurrent

4. ACC 305(ASH) your Dreams Our Mission/uophelp.com ACC 305 Week 1 DQ 1 FASB and Ethics For more course tutorials visit www.uophelp.com 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

5. ACC 305(ASH) your Dreams Our Mission/uophelp.com ACC 305 Week 1 DQ 2 Cash versus Accrual & Financial Disclosures For more course tutorials visit www.uophelp.com T 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

6. ACC 305(ASH) your Dreams Our Mission/uophelp.com ACC 305 Week 1 Quiz (2 Set) For more course tutorials visit www.uophelp.com ACC 305 Week 1 Quiz (2 Set) 1. Question : Rent collected in advance is: 2. Question : An exception leading to a qualified opinion would not include: 3. Question : The principal concern with accounting for related party transactions is: 4. Question : A future economic benefit owned or controlled by an entity is:

7. ACC 305(ASH) your Dreams Our Mission/uophelp.com ACC 305 Week 2 Assignment (E4-16, E4-19, E4-22, Case 4-9, E5-3, E5-10) For more course tutorials visit www.uophelp.com E4-16 Bluebonnet Bakers E4-19 Wainwright Corporation E4-22 Tiger Enterprises Judgment Case 4-9 E5-3 Instalment sales E5-10 Project Contracts

8. ACC 305(ASH) your Dreams Our Mission/uophelp.com ACC 305 Week 2 Assignment Integrating Case 5-23 (Covington Pike) For more course tutorials visit www.uophelp.com ACC 305 Week 2 Problem Integrating Case 5-23 Integrating Case. Review the information pertaining to the audit of Covington Pike Corporation in problem 5-23 on pages 296-297 of your text. Use the list of ratios and the notes provided to approximate the current year’s balances in the form of a balance sheet and income statement, to the extent the information allows. Accompany those financial statements with calculations you use to estimate each amount reported

9. ACC 305(ASH) your Dreams Our Mission/uophelp.com ACC 305 Week 2 DQ 1 Earnings Management Case 4-3 For more course tutorials visit www.uophelp.com 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. Required: Is earnings management always intended to produce higher income? Explain.

10. ACC 305(ASH) your Dreams Our Mission/uophelp.com ACC 305 Week 2 DQ 2 Revenue Recognition Case 5-2 For more course tutorials visit www.uophelp.com Judgment Case 5-2 (page 291) 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: 1. Explain and justify why revenue often

11. ACC 305(ASH) your Dreams Our Mission/uophelp.com ACC 305 Week 2 Quiz For more course tutorials visit www.uophelp.com ACC 305 Week 2 Quiz 1. Question : Indiana Co. began a construction project in 2006 that will provide it $150 million when it is completed in 2008. During 2006, Indiana incurred $36 million of costs and estimates an additional $84 million of costs to complete the project. Suppose that, in 2007, Indiana incurred costs of $63.75 million and estimated an additional $42.75 million in costs to complete the project. Using the

12. ACC 305(ASH) your Dreams Our Mission/uophelp.com ACC 305 Week 3 Assignment (P7-10, P7-14) For more course tutorials visit www.uophelp.com P7-10 (pg388) Evergreen Company Required: REQ1- prepare the necessary journal entries for Evergreen for each of the about dates. For transactions involving the sale of merchandise, ignore the entry for the cost of goods sold (round all calculations to nearest dollar). REQ2-prepare any necessary adjusting entries at December 21, 2011. Adjusting entries are only recorded at year-end (round all calculations to nearest dollar). REQ3-prepare a schedule showing the effect of the journal entries in requirement 1 and 2 on 2011 income before taxes

13. ACC 305(ASH) your Dreams Our Mission/uophelp.com ACC 305 Week 3 DQ 1 Present Value of Annuities (Communication Case 6-3) For more course tutorials visit www.uophelp.com 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. Cowboys: $2.5 million signing bonus

14. ACC 305(ASH) your Dreams Our Mission/uophelp.com ACC 305 Week 3 DQ 2 Internal Control (Judgment Case 7-5) For more course tutorials visit www.uophelp.com 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

15. ACC 305(ASH) your Dreams Our Mission/uophelp.com ACC 305 Week 3 Quiz (2 Set) For more course tutorials visit www.uophelp.com ACC 305 Week 3 Quiz (2 Set) 1. Question : On November 10 of the current year, Cherokee Industries sold materials to a customer for $8,000 with credit terms 2/10, n/30. Cherokee uses the net method of accounting for cash discounts. What entry would Cherokee make on November 10? 2. Question : Cash that is restricted and not available for current operations is reported in the balance sheet as:

16. ACC 305(ASH) your Dreams Our Mission/uophelp.com ACC 305 Week 4 Assignment E8-13, E8-14, E8-18, P8-5, E9-19, E9-21, P9-1 (Ash Course) For more course tutorials visit www.uophelp.com ACC 305 Week 4 Assignment E8-13, E8-14, E8-18, P8-5, E9-19, E9-21, P9-1.

17. ACC 305(ASH) your Dreams Our Mission/uophelp.com ACC 305 Week 4 DQ 1 LIFO vs FIFO (Communication Case 8-4) For more course tutorials visit www.uophelp.com ACC 305 Week 4 Communication Case 8-4 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 your advice as to the appropriate inventory method Tangier should use to value its inventory and cost of goods sold. Mr. Meeks has narrowed the choice to LIFO and FIFO. He has heard that LIFO might be better for tax purposes, but FIFO has certain advantages for financial reporting to investors and creditors. You have been told that the company will be profitable in its first year and for the foreseeable future.

18. ACC 305(ASH) your Dreams Our Mission/uophelp.com ACC 305 Week 4 DQ 2 Overstatement of Ending Inventory (Ethics Case 9-11) For more course tutorials visit www.uophelp.com Ethics Case 9-11 on page 497 Danville Bottlers is a wholesale beverage company. Danville uses the FIFO inventory method to determine the cost of its ending inventory. Ending inventory quantities are determined by a physical count. For the fiscal year- end June 30, 2011, ending inventory was originally determined to be $3,265,000. However, on July 17, 2011, John Howard, the company’s controller

19. ACC 305(ASH) your Dreams Our Mission/uophelp.com ACC 305 Week 5 Assignment P11-5, P11-7 For more course tutorials visit www.uophelp.com ACC 305 Week 5 P11-5, P11-7 Operational Assets & Depletion. Complete the following activities and submit your answers to your instructor in a Word document formatted to proper APA specifications. Include any relevant supporting calculations. P11-5 (Page 608-609) Review the information pertaining to Thompson Corporation in problem P11-5 on pages 608-609 of your text. Supply the correct amount for each numbered item on the schedule on page 609. Round each number to the nearest dollar. P 11-7 (Page 610) Review the information pertaining to the Marion Company in problem P11-7 on page 610 of your text and answer questions 1-3.

20. ACC 305(ASH) your Dreams Our Mission/uophelp.com ACC 305 Week 5 Final Paper FASB (3 Papers) For more course tutorials visit www.uophelp.com This Tutorial contains 3 Papers 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 and controlling business reporting and accounting practices in the modern organization. In what ways do FASB rules limit business practices and reporting financial information? How do such rules and regulations protect the business and public stakeholder communities? To whom is the FASB accountable and who appoints members to FASB

21. ACC 305(ASH) your Dreams Our Mission/uophelp.com For more course tutorials visit www.uophelp.com