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ACC 492 Tutorials / acc492dotcom

ACC 492 is an online course which provides you to get best results

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ACC 492 Tutorials / acc492dotcom

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  1. ACC 492 Tutorials / acc492dotcom

  2. ACC 492 Tutorials ACC 492 Entire Course ACC 492 Week 1 Individual Assignment Assignments From the Text • ACC 492 Week 1 Individual Assignment Payroll FlowchartACC 492 Week 1 Individual Multiple ChoiceACC 492 Week 1 Quiz • Click on the link for Ch. 14 of Modern Auditing on the course website. • Click Download eBook on the left-hand side of the page. • Download Ch. 14 of Modern Auditing

  3. ACC 492 Tutorials ACC 492 Week 1 Individual Assignment Payroll Flowchart ACC 492 Week 1 Individual Multiple Choice • Prepare flowcharts of the revenue and payroll cycle in your organization. Then, prepare a 300-500-word examination of the cycles. Be sure to examine the internal controls within each cycle and any internal controls limitations that may exist. • 1. Which of the following accounts in a merchandising company is affected by both the revenue cycle and another cycle? • a. sales • b. sales returns and allowances • c. inventory • d. accounts receivable • e. accounts payable

  4. ACC 492 Tutorials ACC 492 Week 1 Quiz ACC 492 Week 2 Individual Assignment from the Text • 1. In an accrual accounting system, revenues are recognized as goods are delivered or as services are rendered. (True/False) • 2. Give a brief definition of revenue. (30%) • 3. How are revenues measured? [Not asking for currency here](30%) • Learning Check 15:5 from the text, Modern Auditing: Assurance Services and the Integrity of Financial Reporting (8th ed.) by Boynton and Johnson.

  5. ACC 492 Tutorials ACC 492 Week 2 Individual Multiple Choice ACC 492 Week 2 Quiz • 1. Which of the following accounts does not appear in the acquisition and expenditure cycle? • a. Cash. • b. Purchases Returns. • c. Sales Returns. • d. Prepaid Insurance. • 1. Expenses are normally accrued at the end of the accounting period by a small business that follows the cash method of accounting. (True/False). • 2. List two expense accounts that are usually accrued at the end of an accounting period. (30%)

  6. ACC 492 Tutorials ACC 492 Week 2 Team Assignment Internal Control Questionnaire ACC 492 Week 3 Individual Multiple Choice Quiz • Include questions regarding important characteristics of the following process components: • a. Control environment • b. Risk assessment • c. Control activities • a. Perform extensive tests of controls and limit substantive procedures to analytical procedures. • b. Ignore internal controls and perform extensive substantive procedures. • c. Review internal controls, and perform extensive substantive procedures.

  7. ACC 492 Tutorials ACC 492 Week 3 Quiz ACC 492 Week 3 Team Assignment Audit Program Development • 1. Internal control is a process effected by an entity’s board of directors, management, and other personnel that is designed to provide reasonable assurance regarding the achievement of objectives. (True/False) (10%) • 2. What are the two main objectives for conducting preliminary analytical procedures? (30%) • Audit Program Development. Based on the findings of the Internal Controls Questionnaire your team developed in Learning Team Meeting One, prepare a list of audit objectives for your selected business cycle. Then, develop an audit program to meet your stated audit objectives.

  8. ACC 492 Tutorials ACC 492 Week 4 Individual Multiple Choice Quiz ACC 492 Week 4 Quiz • a. Unqualified opinion or disclaimer of opinion. • b. Unqualified opinion or qualified opinion. • c. Emphasis paragraph with unqualified opinion or an adverse opinion. • 1. The auditor's responsibilities with regard to audit works is usually up to the last date of field works. (True/False) • 2. Name the various types of opinions expressed by an independent auditor. • 3. List the three types of going concern issues.

  9. ACC 492 Tutorials ACC 492 Week 4 Team Assignment Audit Program Presentation ACC 492 Week 5 Individual Assignment Issuing Audit Program Simulation • Audit Program Presentation. Prepare 8-10 Microsoft® PowerPoint® slides illustrating your Learning Team’s Audit Questionnaire and the results of your completed Audit Program. • a) What are the different types of audit reports and when should each be used? • b) In what types of situations would an auditor be allowed to issue an unqualified audit report? • c) To what extent is the auditor liable for misstatements in the financial statements of the audited company?

  10. ACC 492 Tutorials ACC 492 Week 5 Team Assignment Case study assignment • Case Study Assignment: Prepare written answers to the following: Learning Check 4:17 from the text, Modern Auditing: Assurance Services and the Integrity of Financial Reporting (8th ed.) by Boynton and Johnson. .

  11. ACC 492 Tutorials

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