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ACC 497

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  This Tutorial contains knowledge Check as well (Please check Questions)     ACC 497 Final Exam Guide (New, 2017) ACC 497 Week 1 Knowledge Check ACC 497 Week 2 Team Accounting for Employee Stock Options ACC 497 Week 2 Accounting Ethics ACC 497 Week ..
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1. An unmodified audit opinion rendered on a governmental unit's basic financial statements means those statements:   Have been certified as free from error. Present the entity's financial position fairly in conformity with GAAP. Did not require modifications by the audit..
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This Tutorial contains two papers (different)   Resources: Brain Teaser 4: Cash Basis or Accrual Basis? in Ch. 4 of Mastery of the Financial Accounting Research System (FARS) Through Cases   Write a 350- to 700-word response to the questions that follow the case study. ..
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What's your understanding of ethics and do you think it's critical to perform ethical behavior in the accounting field? Why or why not?       Financial Statement analysis If you are a banker, what would you consider the most when performing a loan application? Y..
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What is the FASB Codification System? What is the purpose of the FASB Codification System? How can it be used to make better accounting decisions? ..
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What are Generally Accepted Accounting Principles (GAAP)? How do GAAP affect financial reporting? How might GAAP need to change to accommodate today’s dynamic business environment? ..
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ACC 497 Week 1 FASB Codification System Access the FASB Online website and familiarize yourself with the contents. Write a 350- to 700-word paper in which you answer the following questions:  What is the FASB Codification System?  What is the purpose of the FASB Codification Sys..
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Resources: FASB Codification System website accessible through the FASB Online link located on your student website Access the FASB Online website and familiarize yourself with the contents. Write a 350-word paper in which you answer the following questions:   What is the..
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1.Refer to the following selected financial information from McCormik, LLC. Compute the company's current ratio for Year 2.       2. Powers Company reported Net sales of $1,280,000 and average Accounts Receivable, net of $70,500. The accounts receivable ..
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Review the following case study: When the FASB issues new standards, the implementation date is often 12 months from date of issuance, and early implementation is encouraged. Becky Hoger, controller, discusses with her financial vice president the need for early implementation of a standard t..
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International Financial Reporting Standards, Part 1 Note: This is a custom book pulling chapters from various books. This course references chapter numbers in the table of contents; the chapter preview shows the original book chapter.     International Financial Reportin..
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ACC 497 Week 2 Discussion Discuss the following: §  Client X contacted you for clarification and recommendations on how the use of the LIFO method to value its inventories will be impacted if a switch to financial statements prepared in compliance with IFRS will be made. ..
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What are at least three International Accounting Standards? Are these standards the same as U.S. standards? Explain your response. Is it necessary to have global standards? Explain your response. ..
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What are some nonfinancial performance measures? What do they tell us about the performance of an organization? Why is it important for managers to include nonfinancial performance standards in their analysis of their operations? ..
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This Tutorial contains 2 different Papers   Resources: Appendix A: The Home Depot, Inc. Annual Report in Fundamentals of Financial Accounting Write a 1,050- to 1,750-word paper in which you answer the following questions:   What does the Consolidated Statements o..
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1. The St. Lucia Blood Bank, a private charity partly supported by government grants, is located on the Caribbean island of St. Lucia. The blood bank has just finished its operations for September, which was a particularly busy month due to a powerful hurricane that hit neighboring islands ca..
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Discuss with your team the following case study: Client X offers a generous employee compensation package that includes employee stock options. The exercise price has always been equal to the market price of the stock at the date of grant. The corporate controller, John Jones, believes that e..
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This Tutorial contains 2 different Papers   Resources: Ch. 1 & 2 of Financial Accounting Theory and Analysis: Text and Cases Write a 350-word response for each of the following cases answering the questions located at the end of each case.   Case 1-3 Politica..
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ACC 497 Week 2 Textbook Cases Write a 350- to 700-word response for each of the following cases answering the questions located at the end of each case.  Case 1-1 Generally Accepted Accounting Principles on page 28)  Case 1-3 Politicization of Accounting Standards (page 28)  Ca..
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Review the following case study: FASB ASC 320 requires companies to assign their portfolio of investment securities into: • Trading securities. • Securities available for sale. • Held-to-maturity securities. Write a response of no more than 1,500 words in which you answer the ..
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An Introduction to Tax Note: This is a custom book pulling chapters from various books. This course references chapter numbers in the table of contents; the chapter preview shows the original book chapter. Tax research Have you ever been involved in tax research and if so, what's your..
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What is tax research? What is the purpose of conducting tax research? Are results of tax research conclusive? Explain your response. ..
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What is the purpose of tax planning? How do we conduct tax planning? How could tax planning lead to unethical behavior? Resources: Ch. 1 of Prentice Hall’s Federal Taxation 2011: Individuals Respond to the following problems by conducting tax research and including tax-planning advice: ..
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This Tutorial contains 2 different Papers   Resources: Appendix A, The Home Depot, Inc. Annual Report in Fundamentals of Financial Accounting Write a 1,050- to 1,750-word paper in which you address the following:   Does management’s assessment of the financial co..
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Resources: Ch. 1 of Managerial Accounting: Tools for Business Decision Making Prepare a written response to the following exercise:   Exercise 17 (E1-17) at the end of Ch. 1 ..
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1 The estate of Monique Chablis earned $450 of income this year. Is the estate required to file an income tax return?       2. Paula could not reach an agreement with the IRS at her appeals conference and has just received a 90-day letter. If she w..
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This tutorial contains 2 Sets of response   Resources: Ch. 1 of Managerial Accounting: Tools for Business Decision Making Write responses to the following assignment:   Broadening Your Perspective, Managerial Analysis (BYP1-2) at the end of Ch. 1 ..
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This Tutorial contains 2 different Papers   Resources: Case 3-5: International versus U.S. Standards in Ch. 3 of Financial Accounting Theory and Analysis: Text and Cases Write a 350- to 700-word response to the questions located at the end of the case study. ..
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ACC 497 Week 3 Learning Team Discussion Discuss the following as a team: §  Client X contacted you for clarification and recommendations regarding whether interest cost on construction of a new warehouse may be included in the cost of the new warehouse. Write a 350 word..
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Discuss with your team the following case study: Client X contacted you for clarification and recommendations regarding whether the interest cost on construction of a new warehouse may be included in the cost of the new warehouse. Write a team consensus response of no more than 700 words ..
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ACC 497 Week 3 Textbook Problems Complete Problem Assignments 1-15. Click the Assignment Files tab to submit your assignment What are consumption taxes?   Differentiate horizontal from vertical equity.                  ..
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What are the risks and liability factors in an audit? What are the implications to the auditor? What are the implications to the organization? How can the auditor mitigate these risks and liability factors? ..
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What is the Sarbanes-Oxley Act? How does act affect the audits for the accounting firm and for the organization? Has the Sarbanes-Oxley Act improved the quality of the audit? Explain your response. ..
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Read the following case study: The Whitley Corporation's year-end is December 31. It is now October 1, 2013. The Whitley management team is taking a look at the prior nine months and attempting to make some short-term strategy decisions. Whitley has experienced steady growth over the five..
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ACC 497 Week 4 Individual Assignment From the Reading ..
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ACC 497 Week 4 International Versus U.S. Standards Write a 700- to 1,050-word response to the questions located at the end of the following case:  Case 3-5 International versus U.S. Standards (page 114) Format your paper consistent with APA guidelines. Click the Assignment Files ..
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1.     A public entity changed from the straight-line method to the declining balance method of depreciation for all newly acquired assets. This change has no material effect on the current year’s financial statements but is reasonably certain to have a substantial effect in..
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Resources: Ch. 15 of Prentice Hall’s Federal Taxation 2011: Individuals Conduct tax research and formulate tax-planning advice in your response to the following problems:   I:15-61 Tax Strategy Problem I:15-62 Case Study Problem ..
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ACC 497 Week 4 Learning Team Discussion Discuss the following as a team: §  Client X contacted you for clarification and recommendations regarding in what instances should goodwill be adjusted for impairment? Write a 350 word summary of the discussion. ..
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Discuss with your team the following case study: Client X contacted you for clarification and recommendations regarding the instances when goodwill should be adjusted for impairment. Write a team consensus response of no more than 700 words to include the following: • Provide detailed..
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