ACC 492 Tutorials / acc492dotcom

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 ACC 492 Week 1 Individual MultipleACC 492 Week 1 QuizACC 492 Week 1 Individual Assignment Assignments From the TextACC 492 Week 2 Individual Multiple ACC 492 Week 2 QuizACC 492 Week 2 Individual Assignment from the TextACC 492 Week 2 Team ACC 492 Week 3 Individual ACC 492 Week 3 Quiz • Prepare written answers for the following assignments: • Learning Check 14-4 • Comprehensive Question: 14-28 Controls over Cash Receipts Processing at a Church • Comprehensive Question: 14-30 Substantive Tests of Accounts Receivable

3. ACC 492 Tutorials ACC 492 Week 1 Individual Assignment Payroll Flowchart ACC 492 Week 1 Individual Multiple Choice • Post your flowchart in the Assignments folder. 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. • Be prepared to take a quiz on topics covered in the assigned readings for Week one. • 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 • . 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%) • 4. List any three types of transactions normally processed by the revenue process. (30%) • Post your answers to the following assignments from the text in your Assignments folder. Prepare responses to the questions posed by the following: • 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 • 8. Which of the following procedures is least likely to be performed before the balance sheet date? • a. Observation of inventory. • b. Review of internal control over cash disbursements. • c. Search for unrecorded liabilities. • d. Confirmation of receivables. • Be prepared to take a quiz on topics covered in the assigned readings for Week two. • 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 • d. Information systems and communications • e. Monitoring • 9. The primary reason for preparing a reconciliation between interest-bearing obligations outstanding during the year and interest expense in the financial statements is to • a. Evaluate internal control over securities. • b. Determine the validity of prepaid interest expense. • c. Ascertain the reasonableness of imputed interest. • d. Detect unrecorded liabilities.

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%) • 3. List the two types of audit tests. (30%) • Include substantive tests of transactions, analytical procedures, and tests of account balances in your audit program. Be sure to identify the procedures necessary to analyze the income statement accounts related to your selected business cycle.

8. ACC 492 Tutorials ACC 492 Week 4 Individual Multiple Choice Quiz ACC 492 Week 4 Quiz • 9. Where will you find an auditor’s own responsibility for expressing the opinion on financial statements? • a. Stated explicitly in the introductory paragraph of the standard unqualified report. • b. Unstated but understood in the introductory paragraph of the standard unqualified report. • c. Stated explicitly in the opinion paragraph of the standard unqualified report. • d. Stated explicitly in the scope paragraph of the standard unqualified report. • 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. Post your answers to the Assignments folder of the responsible individual. • After completing the simulation, prepare a 350-word response to following questions: • 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 Course Material To make excellent academic records.., Keep following our site!!! To make excellent academic records.., Keep following our site!!!