ACC 306 ASH Course Tutorial / acc306dotcom

1. ACC 306 ASH Course Tutorial / acc306dotcom

2. ACC 306 ASH Course Tutorial ACC 306 Entire Course ACC 306 Week 5 Final Paper • ACC 306 Week 1 Assignment E13-21, E13-22, P12-1, P12-7,P12-10, P12-14, P13-6ACC 306 Week 1 DQ 1 Equity MethodACC 306 Week 1 DQ 2 Judgment Case 13-9ACC 306 Week 2 DQ 1 Ethics Case 14-8 Hunt ManufacturingACC 306 Week 2 DQ 2 Ethics Case 15-4 • ACC 306 Week 5 Final Paper (Lease)

3. ACC 306 ASH Course Tutorial ACC 306 Week 1 Assignment ACC 306 Week 1 DQ 1 Equity Method • ACC 306 Week 1 Assignment E13-21, E13-22, P12-1, P12-7,P12-10, P12-14, P13-6 • P 12–13 - Miller Properties - Equity method ● LO5 LO6 • On January 2, 2011, Miller Properties paid $19 million for 1 million shares of Marlon Company’s 6 million outstanding common shares. Miller’s CEO became a member of Marlon’s board of directors during the first quarter of 2011.

4. ACC 306 ASH Course Tutorial ACC 306 Week 1 DQ 2 Judgment Case 13-9 ACC 306 Week 2 DQ 1 • Judgment Case 13–9 - Valleck Corporation - Loss contingency and full disclosure ● LO5 LO6 • In the March 2012 meeting of Valleck Corporation’s board of directors, a question arose as to the way a possible obligation should be disclosed in the forthcoming financial statements for the year ended December 31. • The cloudy afternoon mirrored the mood of the conference of division managers. Claude Meyer, assistant to the controller for Hunt Manufacturing, wore one of the gloomy faces that were just emerging from the conference room. “Wow, I knew it was bad, but not that bad,” Claude thought to himself.

5. ACC 306 ASH Course Tutorial ACC 306 Week 2 DQ 2 Ethics Case 15-4 ACC 306 Week 3 Assignment • American Movieplex, a large movie theater chain, leases most of its theater facilities. In conjunction with recent operating leases, the company spent $28 million for seats and carpeting. The question being discussed over break- fast on Wednesday morning was the length of the depreciation period for these leasehold improvements. • ACC 306 Week 3 Assignment E 16-24, E 16-25, E 17-10, E 17-19, P 16-7, P 17-16

6. ACC 306 ASH Course Tutorial ACC 306 Week 3 Ethics Case 17-6 ACC 306 Week 3 Integrating Case 16-5 • You are in your third year as internal auditor with VXI International, manufacturer of parts and supplies for jet air- craft. VXI began a defined contribution pension plan three years ago. The plan is a so-called 401(k) plan (named after the Tax Code section that specifies the conditions for the favorable tax treatment of these plans) that permits voluntary contributions by employees. • Williams-Santana, Inc. is a manufacturer of high-tech industrial parts that was started in 1997 by two talented engineers with little business training. In 2011, the company was acquired by one of its major customers.

7. ACC 306 ASH Course Tutorial ACC 306 Week 4 Assignment ACC 306 Week 4 Communication Case 18-10 • ACC 306 Week 4 Assignment E 18-18, E 18-24, E 19-2, E 19-5, E 19-9, E 19-24, P 18-5 • The current conceptual distinction between liabilities and equity defines liabilities independently of assets and equity, with equity defined as a residual amount. The present proliferation of financial instruments that combine features of both debt and equity and the difficulty of drawing a distinction have led many to conclude that the present two-category distinction between liabilities and equity should be eliminated.

8. ACC 306 ASH Course Tutorial ACC 306 Week 4 Ethics Case 19-7 ACC 306 Week 5 Analysis Case 20-10 • International Network Solutions provides products and services related to remote access networking. The company has grown rapidly during its first 10 years of operations. As its segment of the industry has begun to mature, though, the fast growth of previous years has begun to slow. In fact, this year revenues and profits are roughly the same as last year. • DRS Corporation changed the way it depreciates its computers from the sum-of-the-year’s-digits method to the straight-line method beginning January 1, 2011. DRS also changed its estimated residual value used in computing depreciation for its office building.

9. ACC 306 ASH Course Tutorial ACC 306 Week 5 Assignment ACC 306 Week 5 Ethics Case 20-5 • ACC 306 Week 5 Assignment E 20-18, P 21-11, P 21-14 • Late one Thursday afternoon, Joy Martin, a veteran audit manager with a regional CPA firm, was reviewing documents for a long-time client of the firm, AMT Transport. The year-end audit was scheduled to begin Monday.

10. ACC 306 ASH Course Tutorial ACC 306 Week 5 Ethics Case 21-7 • After graduating near the top of his class, Ben Naegle was hired by the local office of a Big 4 CPA firm in his hometown. Two years later, impressed with his technical skills and experience, Park Electronics, a large regional consumer electronics chain, hired Ben as assistant controller. This was last week. Now Ben’s initial excitement has turned to distress.

11. ACC 306 ASH Course Tutorial