AC 492 Excerpts from Stepney Corporation

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rev: 03_02_2015_QC_CS-9044

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1.

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AC 492 Changes in the company’s balance sheet accounts for the year

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AC 492 Wiley Company’s income statement for Year 2

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AC 492 Klutz Dance Studio had net income of $177,000 for the year

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AC 432 Phar-morFraud Case

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AC 311 Mr.Speakers Granted Each of the five original owners

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• Mr.Speakers granted each of the five original owners 100 shares of restricted common stock. The stock vests on December 31, 2019. The grant date is January 1^st, 2018. Mr.Speakers had the company valued by a certified valuation specialist, and the fair market value of the stock is determined to be $25 per share. (By the way, that valuation was a $2,000 cash expense that will need to be recorded on 1/1/2018 as well). Record all journal entries for the restricted stock for 2018 assuming that none of it was forfeited.
• Mr.Speakers hired ten employees and began an employee stock purchase plan (ESPP). Employees can purchase Mr.Speakers stock with a 20% discount from fair value. On January 31, 2018, employees purchased 2,000 shares of common stock under the ESPP. Assume the fair value of the stock has not changed.
• The ten employees are paid an average of $1,000 per week per person and are paid on the same schedule (every Friday for the preceding 5-day work week) as the five owners. Additionally, the five original owners have increased their salaries to $2,000 per week, per person. Record all salary transactions and accruals for January 2018.
• On 1/1/2018 Mr.Speakers decided to use stock options as a retention and incentive tool for its 10 new employees. Each employee received 50 options to purchase Mr.Speakers stock for $25 per share. The options vest in two years on 1/1/2020 if the employees remain with the company for that entire time period. The options expire 12/31/2021. The estimated value of the options is $5.00 per option.
• Record any necessary journal entries on 1/31/2018.
• Record the 12/31/2018 journal entry for the options.
• On January 1^st, 2018, Mr.Speakers made all three of its required lease payments. Record each payment.
• Mr.Speakers’ products are becoming more popular by the day. During January 2018, Mr.Speakers built, sold, and shipped 1,000 units of each standard product it makes. Record all journal entries for the production and sale of these units, assuming all sales are for cash. The production expenses were paid 50% with cash and 50% on account. Date these entries 1/31/18.
• Mr.Speakers’ received payment on $60,000 of its outstanding A/R. Date this entry 1/31/18.
• Mr.Speakers’ paid down $160,000 of its outstanding A/P. Date this entry 1/31/18.
• On 1/1/ 2018 Mr.Speakers made its required bond interest payment. Record the transaction.
• On 1/31/2018. Mr.Speakers retired all of its outstanding bonds at bond prices of 90. Record all bond transactions on 1/31/2018.

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AC 210 Do you debit or credit an expense on the balance sheet?

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ACC 203 The interest rate is composed of

Question 2;

The interest rate is composed of the __________ and the __________.;

A. risk-free rate, risk discount;

B. risk-free rate, risk premium;

C. risk-free rate, default risk premium;

D. None of the above

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ACC 101 Provide entries for the lease in the books

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AC 386 John owns land with an adjusted basis

John owns land with an adjusted basis of $305,000, subject to a mortgage of $195,000. On April 1, 2007, John sells her land and the buyer assumes the mortgage. John receives $325,000  in cash and property with a FMV of $60,000. What is the amount realized?

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AC 386 Mary exchanges an apartment building

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AC 386 What is the net ST or LT gains and losses

In 2007, Mark has $17,000 STCL (short term capital loss), $6,000 28% gain, and $7,000 5%/15% gain. What is the net ST (short-term) or LT (long-term) gains and losses for 2007? What is the appropriate tax treatment of the net gain or loss (ie, capital gain/loss treatment, ordinary deduction for /from AGI, or treatment as ordinary income)? Please show work.

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AC 386 Taxable income to be reported by Bluebird Corporation

In 2010, Bluebird Corporation had operating income of $80,000 and operating expenses of $30,000. Further, Bluebird recognized a long-term capital loss of $20,000, a long-term capital gain of $10,000 and a short term capital gain of $6,000. What is the taxable income to be reported by Bluebird Corporation in 2010?

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AC 386 What is the realized gain or loss on the exchange?

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AC 386 How much gain is recognized by Walter on the sale of the house?

Walter , a single taxpayer, sells a house that he owns on June 1, 2016 for $500,000. He purchased the house on January 1, 2008, for $220,000 and used the house as his personal residence until May 31, 2015. He allowed a friend to live in the house from June 1, 2015 til May 31, 2016. Unfortunately, a spat with a friend ended the “rent free” agreement. The house had an adjusted basis at the date of sale of $200,000. Walter used the sales proceeds to purchase a new house at a cost of $450,000.

How much gain is recognized by Walter on the sale of the house?

What is the basis of the new house purchased by Walter?

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AC 386 In 2007, Mark has $17,000 STCL, $6,000 28% gain

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AC 386 BC Corporation has ordinary income from operations

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AC 386 Blue company sold machinery for $55,000

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AC 504 Assignment 2 Board Recommendation and Cost-Benefit Analysis

AC 504 Assignment 2 Board Recommendation and Cost-Benefit Analysis

AC504

Read the Ethics Case, The Kardell Paper Co., on pages 213–215 of your text.

Using the Modified 5-Question Approach, analyze the ethicality of the decision to (or not to) incorporate the new technology and make a fully supported recommendation to the Board of Directors. Supplement this analysis with a Cost-Benefit Analysis (CBA) table.

You will need to reference your CBA in your recommendation to the Board. Make sure you thoroughly detail your recommendation with reflections on the consequences of the decision, whether the decision is fair to all, and whether the decision demonstrates the virtues expected of the Board of Directors, taking relevant codes of conduct into consideration, and the company as a whole in terms of social responsibility.

The following information and assumptions should be used to complete the Cost-Benefit Analysis:

Annual Revenues from the mill average 625 million.

Profit margin from the mill is approximately 11%.

Implementing the new technology would take two full years. The first year, the company would operation at 65% capacity (assume the company could maintain the 11% profit margin during reduced operations). During the second year, it would need to be completely shut down. After the two year period, the mill could reopen and operate at pre-implementation levels.

Approximate cost of litigation including medical costs for all affected by the contamination, environmental sanctions, legal and court costs, victims’ pain & suffering, and several other items is 1.7 billion. Estimate present value of future costs at 20%.

The company would spend approximately 4 million in hiring, onboarding, and training new employees after reopening as a result of several of their existing employees having to seek employment elsewhere during the shutdown.

As a result of the layoffs and shut down, the local economy would suffer greatly. The community would be forced to implement a 3 year tax on all local business profits of 5%. The tax would be enforced for 3 years beginning after the reopening of the mill. (Assume pre-implementation profit margins when calculating this ad dit/lude all other costs and taxes when preparing this analysis.

Your recommendation should be addressed to the Board of Directors. It should be 4-6 pages long (including the CBA and a reference page). Your paper should be APA compliant.

AC 504 Assignment 2 Board Recommendation

ABS,AC,ACC,ACCT,ACT,ADJ,AH,AJS,AMP,ANT,ART,BA,BAM,BBA,BCOM,BIO,BIOS,BIS,BMGT,BPA,BSA,BSE,BSHS,BSOP,BUS,BUSN,CARD,CEIS,CHEM,CIS,CIT,CJA,CJS,CMC,CMGT,COLL,COM,COMM,COMP,CPN1,CRJ,CRMJ,CRT,CS,CWV,DBM,EBUS,ECE,ECET,ECN,ECO, ECOM,ECON,ECT,EDU,EED,EMM,ENG,ENGL,ENT,ENTR,ESE,ETH,ETHC,FIN,FIS,FP,GB,GBM,GED,GEN,GENERALQUESTIONS,GLG,GM,GSCM,HCA,HCS,HHS,HIS,HIST,HLT,HOSP,HPE,HRM,HSA,HSM,HTM,HTT,HUM,HUMN,IFSM,INFT,INT,IS,ISCOM,IT,ITB,JADM,JUS,JWI, LAS,LAW,LAWS,LDR,LEG,LIT,LTC,MA,MAT,MATH,MGMT,MGT,MIS,MKT,MKTG,MTH,NETW,NR,NRS,NSCI,NTC,NUR,NURS,OI,OMM,OPS,ORG,PA,PAD,PCN,PHI,PHL,PHYS,PM,POL,POLI,POS,PPA,PRG,PROJ,PSC,PSY,PSYC,PSYCH,QNT,QRB,RDG,REL,RELI,RES,SBE,SCI,SEC,SOC,SOCS,SPE,SRM,STAT,STR,SYM,TCH,UNV,WEB,XACC,XBIS,XCOM,XECO,XMGT

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AC 5230 Problem Set 1 Five Problems

AC 5230 Problem Set 1 Five Problems

AC5230

AC 5230 Problem Set 1 Five Problems

Instructions:

Create a single Excel document with one worksheet/tab for each problem. Each problem is worth 20 points.

Problem 1

The following accounts appeared on the trial balance of Gaudette Company at December 31, 2008. All accounts have normal balances.

*The company intends to hold the securities until maturity, which is in ten years.

**8% cumulative; $10 par value; 25,000 shares authorized and outstanding.

***$1 par value; 400,000 shares authorized; 375,000 shares issued and outstanding.

****The company intends to sell the trading securities in the next year.

Directions (20 Points): Prepare a classified balance sheet for Gaudette Company on December 31, 2008 on a separate Excel spreadsheet as directed on the Problem Set 1 directions.

Problem 2

The following balance sheet was prepared by the bookkeeper for Perry Company as of December 31, 2008.

Perry Company

Balance Sheet as of December 31, 2008

Cash $ 80,000 Accounts payable $ 75,000

Accounts receivable (net) 52,200 Long-term liabilities 100,000

Inventories 57,000 Stockholders’ equity 218,500

Investments 76,300

Equipment (net) 96,000

Patents 32,000

$393,500 $393,500

The following additional information is provided:

1. Cash includes the cash surrender value of a life insurance policy $9,400, and a bank overdraft of $2,500 has been deducted.

2. The net accounts receivable balance includes:

(a) accounts receivable—debit balances $60,000;

(b) accounts receivable—credit balances $4,000;

(c) allowance for doubtful accounts $3,800.

3. Inventories do not include goods costing $3,000 shipped out on consignment. Receivables of $3,000 were recorded on these goods.

4. Investments include investments in common stock, trading $19,000 and available-for-sale $48,300, and franchises $9,000.

5. Equipment costing $5,000 with accumulated depreciation $4,000 is no longer used and is held for sale. Accumulated depreciation on the other equipment is $40,000.

Directions (20 points)

Prepare a balance sheet in good form (stockholders’ equity details can be omitted.)

Problem 3

Presented below is financial information of the Lilley Corporation for 2008

*net of tax

Lilley Corporation decided to discontinue its retail operations and to retain its manufacturing operations. On August 15, Lilley sold the retail operations to Schoen Company. During 2008, there were 250,000 shares of common stock outstanding all year.

Directions (20 Points): Prepare a multiple-step income statement for the year 2008 on a separate Excel spreadsheet as directed in the Problem Set 1 directions.

Problem 4

December 31

For 2009 Year

Directions (20 Points):

Given the above information, prepare a statement of cash flows for Doug Corporation for the year 2009 on a separate Excel spreadsheet as directed on the Problem Set 1 directions.

Problem 5

The net changes in the balance sheet accounts of Lenon, Inc. for the year 2008 are shown below:

Account Debit Credit

Cash $ 125,600

Accounts receivable $ 64,000

Allowance for doubtful accounts 14,000

Inventory 217,200

Prepaid expenses 20,000

Long-term investments 144,000

Land 300,000

Buildings 600,000

Machinery 100,000

Office equipment 28,000

Accumulated depreciation:

Buildings 24,000

Machinery 20,000

Office equipment 12,000

Accounts payable 183,200

Accrued liabilities 72,000

Dividends payable 128,000

Premium on bonds 32,000

Bonds payable 800,000

Preferred stock ($50 par) 60,000

Common stock ($10 par) 156,000

Additional paid-in capital—common 223,200

Retained earnings 87,200

$1,705,200 $1,705,200

Additional information:

1. Net income for the year was $140,000.

2. Cash dividends of $128,000 were declared December 15, 2008, payable January 15, 2009. A 5% stock dividend was issued March 31, 2008, when the market value was $22 per share.

3. The long-term investments were sold for $140,000.

4. A building and land which cost $480,000 and had a book value of $300,000 were sold for $400,000. The cost of the land, included in the cost and book value above, was $20,000.

5. The following entry was made to record an exchange of an old machine for a new one:

Machinery ………………………………………………………………………………… 160,000

Accumulated Depreciation—Machinery……………………………….. 40,000

…………………………………………………………………………………. Machinery 60,000

…………………………………………………………………………………………… Cash 140,000

6. A fully depreciated copier machine which cost $28,000 was written off.

7. Preferred stock of $60,000 par value was redeemed for $80,000.

8. The company sold 12,000 shares of its common stock ($10 par) on June 15, 2008 for $25 a share. There were 87,600 shares outstanding on December 31, 2008.

9. Bonds were sold at 104 on December 31, 2008.

Directions (20 points)

Prepare a statement of cash flows. Ignore tax effects.

AC 5230 Problem Set 1 Five Problems

ABS,AC,ACC,ACCT,ACT,ADJ,AH,AJS,AMP,ANT,ART,BA,BAM,BBA,BCOM,BIO,BIOS,BIS,BMGT,BPA,BSA,BSE,BSHS,BSOP,BUS,BUSN,CARD,CEIS,CHEM,CIS,CIT,CJA,CJS,CMC,CMGT,COLL,COM,COMM,COMP,CPN1,CRJ,CRMJ,CRT,CS,CWV,DBM,EBUS,ECE,ECET,ECN,ECO, ECOM,ECON,ECT,EDU,EED,EMM,ENG,ENGL,ENT,ENTR,ESE,ETH,ETHC,FIN,FIS,FP,GB,GBM,GED,GEN,GENERALQUESTIONS,GLG,GM,GSCM,HCA,HCS,HHS,HIS,HIST,HLT,HOSP,HPE,HRM,HSA,HSM,HTM,HTT,HUM,HUMN,IFSM,INFT,INT,IS,ISCOM,IT,ITB,JADM,JUS,JWI, LAS,LAW,LAWS,LDR,LEG,LIT,LTC,MA,MAT,MATH,MGMT,MGT,MIS,MKT,MKTG,MTH,NETW,NR,NRS,NSCI,NTC,NUR,NURS,OI,OMM,OPS,ORG,PA,PAD,PCN,PHI,PHL,PHYS,PM,POL,POLI,POS,PPA,PRG,PROJ,PSC,PSY,PSYC,PSYCH,QNT,QRB,RDG,REL,RELI,RES,SBE,SCI,SEC,SOC,SOCS,SPE,SRM,STAT,STR,SYM,TCH,UNV,WEB,XACC,XBIS,XCOM,XECO,XMGT

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ACC 20364 Final Examination Accounting for Business Operations

ACC 20364 Final Examination Accounting for Business Operations

ACC20364

ACC 20364 Final Examination Accounting for Business Operations

Accounting for Business Operations

Final Examination

1. Bella’s Beauty Salon’s unadjusted trial balance for the current year follows:

Additional information:

a. An insurance policy examination showed $1,240 of expired insurance.

b. An inventory count showed $210 of unused shop supplies still available.

c. Depreciation expense on shop equipment, $350.

d. Depreciation expense on the building, $2,220.

e. A beautician is behind on space rental payments and $200 of accrued revenue was unrecorded at the time the trial balance was prepared.

f. $800 of the Unearned Rent account balance was earned by year-end.

g. The one employee, a receptionist, works a five-day workweek at $50 per day. The employee was paid last week but has worked four days this week for which she has not been paid.

h. Three months’ property taxes, totaling $450, have accrued. This additional amount of property taxes expense has not been recorded.

i. One month’s interest on the note payable, $600, has accrued but is unrecorded.

Required:

Based on the additional information, prepare the adjusting journal entries for Bella’s Beauty Salon.

2. The following is the adjusted trial balance for Rapid Car Services for the most recent year:

Rapid Car Services, Inc.

Adjusted Trial Balance

For the year ended December 31

Required:

Prepare the following financial statements for Rapid Car Services, Inc. from the adjusted trial balance.  Assume the stockholders did not make any additional investments in the company during the year.

Income Statement

Statement of Retained Earnings

Balance Sheet

3. END Company reported the current month purchase and sales data for its only product as follows:

Required:

Determine the cost assigned to ending inventory and cost of goods sold using LIFO with the perpetual inventory system.

4. The following information is available for the Edwards Company for its March 31 bank reconciliation:

From the March 31 bank statement:

NSF: A check from a customer, Cook Co. in payment of their account.

IN: Interest earned on the account.

From the Edwards Company’s accounting records:

Required:

Based on the above information, prepare the2-column bank reconciliation for the Edwards Company for March.

5. Information for JasonMetalworks as of December 31 follows.

Required:

Prepare the company’s schedule of cost of goods manufactured for the year ended December 31

Prepare the company’s income statement that reports separate categories for selling and general and administrative expenses.

6. Wagner Company is analyzing two alternative methods of producing its product. The production manager indicates that variable costs can be reduced 40% by installing a machine that automates production, but fixed costs would increase. Alternative 1 shows costs before installing the machine; Alternative 2 shows costs after the machine is installed.

Required:

(a) Compute the break-even point in units and dollars for both alternatives.

(b) Prepare a forecasted income statement for both alternatives assuming that 30,000 units will be sold. The statements should report sales, total variable costs, contribution margin, fixed costs, income before taxes, income taxes, and net income.

(c) Compute the degree of operating leverage for each alternative. Which alternative would you recommend and why?

ACC 20364 Final Examination

ABS,AC,ACC,ACCT,ACT,ADJ,AH,AJS,AMP,ANT,ART,BA,BAM,BBA,BCOM,BIO,BIOS,BIS,BMGT,BPA,BSA,BSE,BSHS,BSOP,BUS,BUSN,CARD,CEIS,CHEM,CIS,CIT,CJA,CJS,CMC,CMGT,COLL,COM,COMM,COMP,CPN1,CRJ,CRMJ,CRT,CS,CWV,DBM,EBUS,ECE,ECET,ECN,ECO, ECOM,ECON,ECT,EDU,EED,EMM,ENG,ENGL,ENT,ENTR,ESE,ETH,ETHC,FIN,FIS,FP,GB,GBM,GED,GEN,GENERALQUESTIONS,GLG,GM,GSCM,HCA,HCS,HHS,HIS,HIST,HLT,HOSP,HPE,HRM,HSA,HSM,HTM,HTT,HUM,HUMN,IFSM,INFT,INT,IS,ISCOM,IT,ITB,JADM,JUS,JWI, LAS,LAW,LAWS,LDR,LEG,LIT,LTC,MA,MAT,MATH,MGMT,MGT,MIS,MKT,MKTG,MTH,NETW,NR,NRS,NSCI,NTC,NUR,NURS,OI,OMM,OPS,ORG,PA,PAD,PCN,PHI,PHL,PHYS,PM,POL,POLI,POS,PPA,PRG,PROJ,PSC,PSY,PSYC,PSYCH,QNT,QRB,RDG,REL,RELI,RES,SBE,SCI,SEC,SOC,SOCS,SPE,SRM,STAT,STR,SYM,TCH,UNV,WEB,XACC,XBIS,XCOM,XECO,XMGT

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ACC 100 Complete Week DQ Latest-Strayer

ACC 100 Complete Week DQ Latest-Strayer

ACC100

ACC 100 Week 1 Discussion Latest-Strayer

Week 1 DQ

Explain the major advantages of a business owner with minimal accounting experience maintaining the company’s book. Then explain the disadvantages.

Analyze the major impact to the users of accounting statements if the statements are prepared in error.

Provide support for your position.

ACC 100 Week 2 Discussion Latest-Strayer

Week 2 DQ

In your own words, explain the recording process and the accounting equation to someone who has no accounting experience.

Then, give your opinion on the elements or areas that might cause the most confusion or be the most difficult to grasp.

Provide support for your conclusion.

ACC 100 Week 3 Discussion Latest-Strayer

Week 3 DQ

Watch Accounting WITT’s video titled “Cash and Accrual – Conceptual”:

Click here to open the video in a new window.

Based on the video, explain two (2) advantages and two (2) disadvantages in using both the cash and the accrual basis of accounting.

Then, determine the one (1) that you believe provides the most useful financial information to users.

Identify at least two (2) types of businesses that would benefit by preparing financial statements using either the cash or accrual basis of accounting.

Justify your response.

ACC 100 Week 4 Discussion Latest-Strayer

Week 4 DQ

Identify and discuss the key steps in the closing process that provide the most opportunity to make mistakes in processing account transactions. Why did you select these steps and what makes them confusing?

Make at least two (2) recommendations for improving the accuracy and reliability of the information in the gaps that you have identified.

Justify your response.

ACC 100 Week 5 Discussion Latest-Strayer

Week 5 DQ

Watch BNET Video’s video titled “Modernizing Inventory Management” on modernizing inventories as used by Cole Hardware:

Click here to open the video in a new window.

Explain how Cole Hardware used technology to manage inventory and identify at least two (2) benefits of the use of this technology by the company.

ACC 100 Week 6 Discussion Latest-Strayer

Week 6 DQ

Use the Internet to research the annual report of at least one (1) merchandising company. Determine which costing method (Last In First Out [LIFO], First In First Out [FIFO], or weighted average cost) that is used to record inventory by your selected company.

Identify the three (3) primary advantages and three (3) primary disadvantages of using the costing method (LIFO, FIFO, and weighted average) that is used to record inventory.

Provide support for your response.

ACC 100 Week 7 Discussion Latest-Strayer

Week 7 DQ

Imagine you are a consultant hired to convert a manual accounting system to an automated system.

Suggest the key advantages and disadvantages of automating a manual accounting system.

Identify the most important step in the conversion process.

Provide a rationale for your response.

ACC 100 Week 8 Discussion Latest-Strayer

Week 8 DQ

Employee theft is a major problem in the U.S. retail industry. Information obtained from Security Info Watch reported that twenty three (23) major retailers alone apprehended over 1.1 million shoplifters and dishonest employees, and recovered more than $189 million from these thieves in 2012.

Watch J. Farrell’s video titled “Prevent Employee Theft in Your Business”:

Click here to open the video in a new window.

Analyzing the information contained in the video, identify at least four (4) internal controls effective in mitigating employee theft and / or fraud.

Provide at least two (2) examples of internal controls that could be implemented to reduce theft in the U.S. retail industry.

Provide support for your answer.

ACC 100 Week 9 Discussion Latest-Strayer

Week 9 DQ

Watch A. Mursau’s video titled “Accounts Receivable Bad Debt Expense (Direct Write Off Method Vs Allowance Method)”:

Click here to open the video in a new window.

Based on the information in the video, discuss the primary advantages and disadvantages of applying the direct write-off over the allowance method of writing off accounts. Take a position on whether or not estimating the allowance for doubtful accounts provides the opportunity to distorts gross income.

Provide support for your rationale.

ACC 100 Week 10 Discussion Latest-Strayer

Week 10 DQ

Use the Internet to research an annual report of a retail company.

Then, imagine you are an investor or creditor; suggest the ratios that you believe would provide an investor or creditor with the most important information needed to make accurate predictions about the company’s financial condition. When analyzing a company, is it more important to compare the ratios to competitors or to the company’s previous history?

Provide a rationale for your response.

Note: Students using the online discussion thread must provide a link or instructions to the researched report.

ACC 100 Week 11 Discussion Latest-Strayer

Week 11 DQ

Discuss the advantages of understanding accounting as it relates to your current or future position. (Consider careers in management, sales, business operations, finance, and business ownership.)

ACC 100 Complete Week DQ Latest

ABS,AC,ACC,ACCT,ACT,ADJ,AH,AJS,AMP,ANT,ART,BA,BAM,BBA,BCOM,BIO,BIOS,BIS,BMGT,BPA,BSA,BSE,BSHS,BSOP,BUS,BUSN,CARD,CEIS,CHEM,CIS,CIT,CJA,CJS,CMC,CMGT,COLL,COM,COMM,COMP,CPN1,CRJ,CRMJ,CRT,CS,CWV,DBM,EBUS,ECE,ECET,ECN,ECO,ECOM,ECON,ECT,EDU,EED,EMM,ENG,ENGL,ENT,ENTR,ESE,ETH,ETHC,FIN,FIS,FP,GB,GBM,GED,GEN,GENERALQUESTIONS,GLG,GM,GSCM,HCA,HCS,HHS,HIS,HIST,HLT,HOSP,HPE,HRM,HSA,HSM,HTM,HTT,HUM,HUMN,IFSM,INFT,INT,IS,ISCOM,IT,ITB,JADM,JUS,JWI,LAS,LAW,LAWS,LDR,LEG,LIT,LTC,MA,MAT,MATH,MGMT,MGT,MIS,MKT,MKTG,MTH,NETW,NR,NRS,NSCI,NTC,NUR,NURS,OI,OMM,OPS,ORG,PA,PAD,PCN,PHI,PHL,PHYS,PM,POL,POLI,POS,PPA,PRG,PROJ,PSC,PSY,PSYC,PSYCH,QNT,QRB,RDG,REL,RELI,RES,SBE,SCI,SEC,SOC,SOCS,SPE,SRM,STAT,STR,SYM,TCH,UNV,WEB,XACC,XBIS,XCOM,XECO,XMGT

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ACC 100 Week 1 Discussion Latest-Strayer

ACC 100 Week 1 Discussion Latest-Strayer

ACC100

ACC 100 Week 1 Discussion Latest-Strayer

Week 1 DQ

Explain the major advantages of a business owner with minimal accounting experience maintaining the company’s book. Then explain the disadvantages.

Analyze the major impact to the users of accounting statements if the statements are prepared in error.

Provide support for your position.

ACC 100 Week 1 Discussion

ABS,AC,ACC,ACCT,ACT,ADJ,AH,AJS,AMP,ANT,ART,BA,BAM,BBA,BCOM,BIO,BIOS,BIS,BMGT,BPA,BSA,BSE,BSHS,BSOP,BUS,BUSN,CARD,CEIS,CHEM,CIS,CIT,CJA,CJS,CMC,CMGT,COLL,COM,COMM,COMP,CPN1,CRJ,CRMJ,CRT,CS,CWV,DBM,EBUS,ECE,ECET,ECN,ECO,ECOM,ECON,ECT,EDU,EED,EMM,ENG,ENGL,ENT,ENTR,ESE,ETH,ETHC,FIN,FIS,FP,GB,GBM,GED,GEN,GENERALQUESTIONS,GLG,GM,GSCM,HCA,HCS,HHS,HIS,HIST,HLT,HOSP,HPE,HRM,HSA,HSM,HTM,HTT,HUM,HUMN,IFSM,INFT,INT,IS,ISCOM,IT,ITB,JADM,JUS,JWI,LAS,LAW,LAWS,LDR,LEG,LIT,LTC,MA,MAT,MATH,MGMT,MGT,MIS,MKT,MKTG,MTH,NETW,NR,NRS,NSCI,NTC,NUR,NURS,OI,OMM,OPS,ORG,PA,PAD,PCN,PHI,PHL,PHYS,PM,POL,POLI,POS,PPA,PRG,PROJ,PSC,PSY,PSYC,PSYCH,QNT,QRB,RDG,REL,RELI,RES,SBE,SCI,SEC,SOC,SOCS,SPE,SRM,STAT,STR,SYM,TCH,UNV,WEB,XACC,XBIS,XCOM,XECO,XMGT

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ACC 100 Week 2 Discussion Latest-Strayer

ACC 100 Week 2 Discussion Latest-Strayer

ACC100

ACC 100 Week 2 Discussion Latest-Strayer

Week 2 DQ

In your own words, explain the recording process and the accounting equation to someone who has no accounting experience.

Then, give your opinion on the elements or areas that might cause the most confusion or be the most difficult to grasp.

Provide support for your conclusion.

ACC 100 Week 2 Discussion Latest

ABS,AC,ACC,ACCT,ACT,ADJ,AH,AJS,AMP,ANT,ART,BA,BAM,BBA,BCOM,BIO,BIOS,BIS,BMGT,BPA,BSA,BSE,BSHS,BSOP,BUS,BUSN,CARD,CEIS,CHEM,CIS,CIT,CJA,CJS,CMC,CMGT,COLL,COM,COMM,COMP,CPN1,CRJ,CRMJ,CRT,CS,CWV,DBM,EBUS,ECE,ECET,ECN,ECO,ECOM,ECON,ECT,EDU,EED,EMM,ENG,ENGL,ENT,ENTR,ESE,ETH,ETHC,FIN,FIS,FP,GB,GBM,GED,GEN,GENERALQUESTIONS,GLG,GM,GSCM,HCA,HCS,HHS,HIS,HIST,HLT,HOSP,HPE,HRM,HSA,HSM,HTM,HTT,HUM,HUMN,IFSM,INFT,INT,IS,ISCOM,IT,ITB,JADM,JUS,JWI,LAS,LAW,LAWS,LDR,LEG,LIT,LTC,MA,MAT,MATH,MGMT,MGT,MIS,MKT,MKTG,MTH,NETW,NR,NRS,NSCI,NTC,NUR,NURS,OI,OMM,OPS,ORG,PA,PAD,PCN,PHI,PHL,PHYS,PM,POL,POLI,POS,PPA,PRG,PROJ,PSC,PSY,PSYC,PSYCH,QNT,QRB,RDG,REL,RELI,RES,SBE,SCI,SEC,SOC,SOCS,SPE,SRM,STAT,STR,SYM,TCH,UNV,WEB,XACC,XBIS,XCOM,XECO,XMGT

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ACC 100 Week 3 Discussion Latest-Strayer

ACC 100 Week 3 Discussion Latest-Strayer

ACC100

ACC 100 Week 3 Discussion Latest-Strayer

Week 3 DQ

Watch Accounting WITT’s video titled “Cash and Accrual – Conceptual”:

Click here to open the video in a new window.

Based on the video, explain two (2) advantages and two (2) disadvantages in using both the cash and the accrual basis of accounting.

Then, determine the one (1) that you believe provides the most useful financial information to users.

Identify at least two (2) types of businesses that would benefit by preparing financial statements using either the cash or accrual basis of accounting.

Justify your response.

ACC 100 Week 3 Discussion Latest

ABS,AC,ACC,ACCT,ACT,ADJ,AH,AJS,AMP,ANT,ART,BA,BAM,BBA,BCOM,BIO,BIOS,BIS,BMGT,BPA,BSA,BSE,BSHS,BSOP,BUS,BUSN,CARD,CEIS,CHEM,CIS,CIT,CJA,CJS,CMC,CMGT,COLL,COM,COMM,COMP,CPN1,CRJ,CRMJ,CRT,CS,CWV,DBM,EBUS,ECE,ECET,ECN,ECO,ECOM,ECON,ECT,EDU,EED,EMM,ENG,ENGL,ENT,ENTR,ESE,ETH,ETHC,FIN,FIS,FP,GB,GBM,GED,GEN,GENERALQUESTIONS,GLG,GM,GSCM,HCA,HCS,HHS,HIS,HIST,HLT,HOSP,HPE,HRM,HSA,HSM,HTM,HTT,HUM,HUMN,IFSM,INFT,INT,IS,ISCOM,IT,ITB,JADM,JUS,JWI,LAS,LAW,LAWS,LDR,LEG,LIT,LTC,MA,MAT,MATH,MGMT,MGT,MIS,MKT,MKTG,MTH,NETW,NR,NRS,NSCI,NTC,NUR,NURS,OI,OMM,OPS,ORG,PA,PAD,PCN,PHI,PHL,PHYS,PM,POL,POLI,POS,PPA,PRG,PROJ,PSC,PSY,PSYC,PSYCH,QNT,QRB,RDG,REL,RELI,RES,SBE,SCI,SEC,SOC,SOCS,SPE,SRM,STAT,STR,SYM,TCH,UNV,WEB,XACC,XBIS,XCOM,XECO,XMGT

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ACC 100 Week 4 Discussion Latest-Strayer

ACC 100 Week 4 Discussion Latest-Strayer

ACC100

ACC 100 Week 4 Discussion Latest-Strayer

Week 4 DQ

Identify and discuss the key steps in the closing process that provide the most opportunity to make mistakes in processing account transactions. Why did you select these steps and what makes them confusing?

Make at least two (2) recommendations for improving the accuracy and reliability of the information in the gaps that you have identified.

Justify your response.

ACC 100 Week 4 Discussion Latest

ABS,AC,ACC,ACCT,ACT,ADJ,AH,AJS,AMP,ANT,ART,BA,BAM,BBA,BCOM,BIO,BIOS,BIS,BMGT,BPA,BSA,BSE,BSHS,BSOP,BUS,BUSN,CARD,CEIS,CHEM,CIS,CIT,CJA,CJS,CMC,CMGT,COLL,COM,COMM,COMP,CPN1,CRJ,CRMJ,CRT,CS,CWV,DBM,EBUS,ECE,ECET,ECN,ECO,ECOM,ECON,ECT,EDU,EED,EMM,ENG,ENGL,ENT,ENTR,ESE,ETH,ETHC,FIN,FIS,FP,GB,GBM,GED,GEN,GENERALQUESTIONS,GLG,GM,GSCM,HCA,HCS,HHS,HIS,HIST,HLT,HOSP,HPE,HRM,HSA,HSM,HTM,HTT,HUM,HUMN,IFSM,INFT,INT,IS,ISCOM,IT,ITB,JADM,JUS,JWI,LAS,LAW,LAWS,LDR,LEG,LIT,LTC,MA,MAT,MATH,MGMT,MGT,MIS,MKT,MKTG,MTH,NETW,NR,NRS,NSCI,NTC,NUR,NURS,OI,OMM,OPS,ORG,PA,PAD,PCN,PHI,PHL,PHYS,PM,POL,POLI,POS,PPA,PRG,PROJ,PSC,PSY,PSYC,PSYCH,QNT,QRB,RDG,REL,RELI,RES,SBE,SCI,SEC,SOC,SOCS,SPE,SRM,STAT,STR,SYM,TCH,UNV,WEB,XACC,XBIS,XCOM,XECO,XMGT

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ACC 100 Week 5 Discussion Latest-Strayer

ACC 100 Week 5 Discussion Latest-Strayer

ACC100

ACC 100 Week 5 Discussion Latest-Strayer

Week 5 DQ

Watch BNET Video’s video titled “Modernizing Inventory Management” on modernizing inventories as used by Cole Hardware:

Click here to open the video in a new window.

Explain how Cole Hardware used technology to manage inventory and identify at least two (2) benefits of the use of this technology by the company.

ACC 100 Week 5 Discussion Latest

ABS,AC,ACC,ACCT,ACT,ADJ,AH,AJS,AMP,ANT,ART,BA,BAM,BBA,BCOM,BIO,BIOS,BIS,BMGT,BPA,BSA,BSE,BSHS,BSOP,BUS,BUSN,CARD,CEIS,CHEM,CIS,CIT,CJA,CJS,CMC,CMGT,COLL,COM,COMM,COMP,CPN1,CRJ,CRMJ,CRT,CS,CWV,DBM,EBUS,ECE,ECET,ECN,ECO,ECOM,ECON,ECT,EDU,EED,EMM,ENG,ENGL,ENT,ENTR,ESE,ETH,ETHC,FIN,FIS,FP,GB,GBM,GED,GEN,GENERALQUESTIONS,GLG,GM,GSCM,HCA,HCS,HHS,HIS,HIST,HLT,HOSP,HPE,HRM,HSA,HSM,HTM,HTT,HUM,HUMN,IFSM,INFT,INT,IS,ISCOM,IT,ITB,JADM,JUS,JWI,LAS,LAW,LAWS,LDR,LEG,LIT,LTC,MA,MAT,MATH,MGMT,MGT,MIS,MKT,MKTG,MTH,NETW,NR,NRS,NSCI,NTC,NUR,NURS,OI,OMM,OPS,ORG,PA,PAD,PCN,PHI,PHL,PHYS,PM,POL,POLI,POS,PPA,PRG,PROJ,PSC,PSY,PSYC,PSYCH,QNT,QRB,RDG,REL,RELI,RES,SBE,SCI,SEC,SOC,SOCS,SPE,SRM,STAT,STR,SYM,TCH,UNV,WEB,XACC,XBIS,XCOM,XECO,XMGT

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ACC 100 Week 6 Discussion Latest-Strayer

ACC 100 Week 6 Discussion Latest-Strayer

ACC100

ACC 100 Week 6 Discussion Latest-Strayer

Week 6 DQ

Use the Internet to research the annual report of at least one (1) merchandising company. Determine which costing method (Last In First Out [LIFO], First In First Out [FIFO], or weighted average cost) that is used to record inventory by your selected company.

Identify the three (3) primary advantages and three (3) primary disadvantages of using the costing method (LIFO, FIFO, and weighted average) that is used to record inventory.

Provide support for your response.

ACC 100 Week 6 Discussion Latest

ABS,AC,ACC,ACCT,ACT,ADJ,AH,AJS,AMP,ANT,ART,BA,BAM,BBA,BCOM,BIO,BIOS,BIS,BMGT,BPA,BSA,BSE,BSHS,BSOP,BUS,BUSN,CARD,CEIS,CHEM,CIS,CIT,CJA,CJS,CMC,CMGT,COLL,COM,COMM,COMP,CPN1,CRJ,CRMJ,CRT,CS,CWV,DBM,EBUS,ECE,ECET,ECN,ECO,ECOM,ECON,ECT,EDU,EED,EMM,ENG,ENGL,ENT,ENTR,ESE,ETH,ETHC,FIN,FIS,FP,GB,GBM,GED,GEN,GENERALQUESTIONS,GLG,GM,GSCM,HCA,HCS,HHS,HIS,HIST,HLT,HOSP,HPE,HRM,HSA,HSM,HTM,HTT,HUM,HUMN,IFSM,INFT,INT,IS,ISCOM,IT,ITB,JADM,JUS,JWI,LAS,LAW,LAWS,LDR,LEG,LIT,LTC,MA,MAT,MATH,MGMT,MGT,MIS,MKT,MKTG,MTH,NETW,NR,NRS,NSCI,NTC,NUR,NURS,OI,OMM,OPS,ORG,PA,PAD,PCN,PHI,PHL,PHYS,PM,POL,POLI,POS,PPA,PRG,PROJ,PSC,PSY,PSYC,PSYCH,QNT,QRB,RDG,REL,RELI,RES,SBE,SCI,SEC,SOC,SOCS,SPE,SRM,STAT,STR,SYM,TCH,UNV,WEB,XACC,XBIS,XCOM,XECO,XMGT

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ACC 100 Week 7 Discussion Latest-Strayer

ACC 100 Week 7 Discussion Latest-Strayer

ACC100

ACC 100 Week 7 Discussion Latest-Strayer

Week 7 DQ

Imagine you are a consultant hired to convert a manual accounting system to an automated system.

Suggest the key advantages and disadvantages of automating a manual accounting system.

Identify the most important step in the conversion process.

Provide a rationale for your response.

ACC 100 Week 7 Discussion Latest

ABS,AC,ACC,ACCT,ACT,ADJ,AH,AJS,AMP,ANT,ART,BA,BAM,BBA,BCOM,BIO,BIOS,BIS,BMGT,BPA,BSA,BSE,BSHS,BSOP,BUS,BUSN,CARD,CEIS,CHEM,CIS,CIT,CJA,CJS,CMC,CMGT,COLL,COM,COMM,COMP,CPN1,CRJ,CRMJ,CRT,CS,CWV,DBM,EBUS,ECE,ECET,ECN,ECO,ECOM,ECON,ECT,EDU,EED,EMM,ENG,ENGL,ENT,ENTR,ESE,ETH,ETHC,FIN,FIS,FP,GB,GBM,GED,GEN,GENERALQUESTIONS,GLG,GM,GSCM,HCA,HCS,HHS,HIS,HIST,HLT,HOSP,HPE,HRM,HSA,HSM,HTM,HTT,HUM,HUMN,IFSM,INFT,INT,IS,ISCOM,IT,ITB,JADM,JUS,JWI,LAS,LAW,LAWS,LDR,LEG,LIT,LTC,MA,MAT,MATH,MGMT,MGT,MIS,MKT,MKTG,MTH,NETW,NR,NRS,NSCI,NTC,NUR,NURS,OI,OMM,OPS,ORG,PA,PAD,PCN,PHI,PHL,PHYS,PM,POL,POLI,POS,PPA,PRG,PROJ,PSC,PSY,PSYC,PSYCH,QNT,QRB,RDG,REL,RELI,RES,SBE,SCI,SEC,SOC,SOCS,SPE,SRM,STAT,STR,SYM,TCH,UNV,WEB,XACC,XBIS,XCOM,XECO,XMGT

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ACC 100 Week 8 Discussion Latest-Strayer

ACC 100 Week 8 Discussion Latest-Strayer

ACC100

ACC 100 Week 8 Discussion Latest-Strayer

Week 8 DQ

Employee theft is a major problem in the U.S. retail industry. Information obtained from Security Info Watch reported that twenty three (23) major retailers alone apprehended over 1.1 million shoplifters and dishonest employees, and recovered more than $189 million from these thieves in 2012.

Watch J. Farrell’s video titled “Prevent Employee Theft in Your Business”:

Click here to open the video in a new window.

Analyzing the information contained in the video, identify at least four (4) internal controls effective in mitigating employee theft and / or fraud.

Provide at least two (2) examples of internal controls that could be implemented to reduce theft in the U.S. retail industry.

Provide support for your answer.

ACC 100 Week 8 Discussion Latest

ABS,AC,ACC,ACCT,ACT,ADJ,AH,AJS,AMP,ANT,ART,BA,BAM,BBA,BCOM,BIO,BIOS,BIS,BMGT,BPA,BSA,BSE,BSHS,BSOP,BUS,BUSN,CARD,CEIS,CHEM,CIS,CIT,CJA,CJS,CMC,CMGT,COLL,COM,COMM,COMP,CPN1,CRJ,CRMJ,CRT,CS,CWV,DBM,EBUS,ECE,ECET,ECN,ECO,ECOM,ECON,ECT,EDU,EED,EMM,ENG,ENGL,ENT,ENTR,ESE,ETH,ETHC,FIN,FIS,FP,GB,GBM,GED,GEN,GENERALQUESTIONS,GLG,GM,GSCM,HCA,HCS,HHS,HIS,HIST,HLT,HOSP,HPE,HRM,HSA,HSM,HTM,HTT,HUM,HUMN,IFSM,INFT,INT,IS,ISCOM,IT,ITB,JADM,JUS,JWI,LAS,LAW,LAWS,LDR,LEG,LIT,LTC,MA,MAT,MATH,MGMT,MGT,MIS,MKT,MKTG,MTH,NETW,NR,NRS,NSCI,NTC,NUR,NURS,OI,OMM,OPS,ORG,PA,PAD,PCN,PHI,PHL,PHYS,PM,POL,POLI,POS,PPA,PRG,PROJ,PSC,PSY,PSYC,PSYCH,QNT,QRB,RDG,REL,RELI,RES,SBE,SCI,SEC,SOC,SOCS,SPE,SRM,STAT,STR,SYM,TCH,UNV,WEB,XACC,XBIS,XCOM,XECO,XMGT

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ACC 100 Week 9 Discussion Latest-Strayer

ACC 100 Week 9 Discussion Latest-Strayer

ACC100

ACC 100 Week 9 Discussion Latest-Strayer

Week 9 DQ

Watch A. Mursau’s video titled “Accounts Receivable Bad Debt Expense (Direct Write Off Method Vs Allowance Method)”:

Click here to open the video in a new window.

Based on the information in the video, discuss the primary advantages and disadvantages of applying the direct write-off over the allowance method of writing off accounts. Take a position on whether or not estimating the allowance for doubtful accounts provides the opportunity to distorts gross income.

Provide support for your rationale.

ACC 100 Week 9 Discussion Latest

ABS,AC,ACC,ACCT,ACT,ADJ,AH,AJS,AMP,ANT,ART,BA,BAM,BBA,BCOM,BIO,BIOS,BIS,BMGT,BPA,BSA,BSE,BSHS,BSOP,BUS,BUSN,CARD,CEIS,CHEM,CIS,CIT,CJA,CJS,CMC,CMGT,COLL,COM,COMM,COMP,CPN1,CRJ,CRMJ,CRT,CS,CWV,DBM,EBUS,ECE,ECET,ECN,ECO,ECOM,ECON,ECT,EDU,EED,EMM,ENG,ENGL,ENT,ENTR,ESE,ETH,ETHC,FIN,FIS,FP,GB,GBM,GED,GEN,GENERALQUESTIONS,GLG,GM,GSCM,HCA,HCS,HHS,HIS,HIST,HLT,HOSP,HPE,HRM,HSA,HSM,HTM,HTT,HUM,HUMN,IFSM,INFT,INT,IS,ISCOM,IT,ITB,JADM,JUS,JWI,LAS,LAW,LAWS,LDR,LEG,LIT,LTC,MA,MAT,MATH,MGMT,MGT,MIS,MKT,MKTG,MTH,NETW,NR,NRS,NSCI,NTC,NUR,NURS,OI,OMM,OPS,ORG,PA,PAD,PCN,PHI,PHL,PHYS,PM,POL,POLI,POS,PPA,PRG,PROJ,PSC,PSY,PSYC,PSYCH,QNT,QRB,RDG,REL,RELI,RES,SBE,SCI,SEC,SOC,SOCS,SPE,SRM,STAT,STR,SYM,TCH,UNV,WEB,XACC,XBIS,XCOM,XECO,XMGT

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ACC 100 Week 10 Discussion Latest-Strayer

ACC 100 Week 10 Discussion Latest-Strayer

ACC100

ACC 100 Week 10 Discussion Latest-Strayer

Week 10 DQ

Use the Internet to research an annual report of a retail company.

Then, imagine you are an investor or creditor; suggest the ratios that you believe would provide an investor or creditor with the most important information needed to make accurate predictions about the company’s financial condition. When analyzing a company, is it more important to compare the ratios to competitors or to the company’s previous history?

Provide a rationale for your response.

Note: Students using the online discussion thread must provide a link or instructions to the researched report.

ACC 100 Week 10 Discussion

ABS,AC,ACC,ACCT,ACT,ADJ,AH,AJS,AMP,ANT,ART,BA,BAM,BBA,BCOM,BIO,BIOS,BIS,BMGT,BPA,BSA,BSE,BSHS,BSOP,BUS,BUSN,CARD,CEIS,CHEM,CIS,CIT,CJA,CJS,CMC,CMGT,COLL,COM,COMM,COMP,CPN1,CRJ,CRMJ,CRT,CS,CWV,DBM,EBUS,ECE,ECET,ECN,ECO,ECOM,ECON,ECT,EDU,EED,EMM,ENG,ENGL,ENT,ENTR,ESE,ETH,ETHC,FIN,FIS,FP,GB,GBM,GED,GEN,GENERALQUESTIONS,GLG,GM,GSCM,HCA,HCS,HHS,HIS,HIST,HLT,HOSP,HPE,HRM,HSA,HSM,HTM,HTT,HUM,HUMN,IFSM,INFT,INT,IS,ISCOM,IT,ITB,JADM,JUS,JWI,LAS,LAW,LAWS,LDR,LEG,LIT,LTC,MA,MAT,MATH,MGMT,MGT,MIS,MKT,MKTG,MTH,NETW,NR,NRS,NSCI,NTC,NUR,NURS,OI,OMM,OPS,ORG,PA,PAD,PCN,PHI,PHL,PHYS,PM,POL,POLI,POS,PPA,PRG,PROJ,PSC,PSY,PSYC,PSYCH,QNT,QRB,RDG,REL,RELI,RES,SBE,SCI,SEC,SOC,SOCS,SPE,SRM,STAT,STR,SYM,TCH,UNV,WEB,XACC,XBIS,XCOM,XECO,XMGT

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ACC 100 Week 11 Discussion Latest-Strayer

ACC 100 Week 11 Discussion Latest-Strayer

ACC100

ACC 100 Week 11 Discussion Latest-Strayer

Week 11 DQ

Discuss the advantages of understanding accounting as it relates to your current or future position. (Consider careers in management, sales, business operations, finance, and business ownership.)

ACC 100 Week 11 Discussion

ABS,AC,ACC,ACCT,ACT,ADJ,AH,AJS,AMP,ANT,ART,BA,BAM,BBA,BCOM,BIO,BIOS,BIS,BMGT,BPA,BSA,BSE,BSHS,BSOP,BUS,BUSN,CARD,CEIS,CHEM,CIS,CIT,CJA,CJS,CMC,CMGT,COLL,COM,COMM,COMP,CPN1,CRJ,CRMJ,CRT,CS,CWV,DBM,EBUS,ECE,ECET,ECN,ECO,ECOM,ECON,ECT,EDU,EED,EMM,ENG,ENGL,ENT,ENTR,ESE,ETH,ETHC,FIN,FIS,FP,GB,GBM,GED,GEN,GENERALQUESTIONS,GLG,GM,GSCM,HCA,HCS,HHS,HIS,HIST,HLT,HOSP,HPE,HRM,HSA,HSM,HTM,HTT,HUM,HUMN,IFSM,INFT,INT,IS,ISCOM,IT,ITB,JADM,JUS,JWI,LAS,LAW,LAWS,LDR,LEG,LIT,LTC,MA,MAT,MATH,MGMT,MGT,MIS,MKT,MKTG,MTH,NETW,NR,NRS,NSCI,NTC,NUR,NURS,OI,OMM,OPS,ORG,PA,PAD,PCN,PHI,PHL,PHYS,PM,POL,POLI,POS,PPA,PRG,PROJ,PSC,PSY,PSYC,PSYCH,QNT,QRB,RDG,REL,RELI,RES,SBE,SCI,SEC,SOC,SOCS,SPE,SRM,STAT,STR,SYM,TCH,UNV,WEB,XACC,XBIS,XCOM,XECO,XMGT

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ACC 202 Managerial Accounting Full Course Latest-Trident

ACC 202 Managerial Accounting Full Course Latest-Trident

ACC202

Managerial Accounting

ACC 202 Discussion 1 Latest-Trident

Managerial Accounting in the 21st Century

Discuss the role of the managerial accountant in today’s business environment. How has the role changed and evolved over time?

Do research on the Internet and show the reference for the information. Remember to respond to a colleague’s posting also.

Grading Criteria:

Try to add information not previously discussed by others. Please provide factual information (not merely opinions) backed up by details or examples. Your comments should be in your own words and include references.

ACC 202 Discussion 2 Latest-Trident

Activity-Based Costing–Cost Allocations

Cost allocations have to make sense. What drives consumption of costs? What are drivers and how do they help in the allocation process?

Do research on the Internet and show the reference for the information. Do not forget to respond to a colleague’s posting also.

Professor’s Note: In addition to searching the Internet for text related to this discussion, watch the following videos (click on the following link to access these videos) and post your comments.

http://www.youtube.com/watch?v=mRt5YMVGOxg Video 1: Activity Based Costing (Cost Hierarchy Categories, Cost Allocation Bases, ABC System Setup, Etc.)

http://www.youtube.com/watch?v=PcjxRe4EsuY Video 2: Activity Based Costing Step by Step

Grading Criteria:

Try to add information not previously discussed by others. Provide factual information (not merely opinions) backed up by details or examples. Your comments should be in your own words and include references.

Variance analysis receives some criticism as a performance measure. What about other measures such as ROI and EVA?

Do research on the Internet and show the reference for the information. Remember to respond to a colleague’s posting also.

ACC 202 Discussion 3 Latest-Trident

Performance Measurement: ROI and EVA

Variance analysis receives some criticism as a performance measure. What about other measures such as ROI and EVA?

Do research on the Internet and show the reference for the information. Remember to respond to a colleague’s posting also.

Professor’s Note: Variance analysis compares actual performance to budgeted performance in the areas of material, labor, and overheads. If the results of a business unit show all positive variances, should the manager be rewarded for (excellent) performance? A simple counter argument can be – what if the manager had padded his business unit’s budget?

In addition to searching the Internet for text related to this discussion, watch the following YouTube videos (click on the following links to access these videos) and post your comments.

http://www.youtube.com/watch?v=M8igsXklfb4 Video 1: Performance Management & Evaluation

http://www.youtube.com/watch?v=omUoKnhuqvY Video 2: Return on Investment – ROI

http://www.youtube.com/watch?v=4UMUJkIPA-4&feature=related Video 3: Economic Value Added – EVA

Grading Criteria:

Try to add information not previously discussed by others. Provide factual information (not merely opinions) backed up by details or examples. Your comments should be in your own words and include references.

ACC 202 Discussion 4 Latest-Trident

Transfer Pricing

Transfer pricing refers to setting prices between related parties. There are many reasons to skew such prices when allowed. Discuss this issue from a managerial perspective.

Do research on the Internet and show the reference for the information. Remember to respond to a colleague’s posting also.

Professor’s Note: In addition to searching the Internet for information on transfer pricing, please visit YouTube.Com and search for the following two video clips:

http://www.youtube.com/watch?v=qbvHGEmqbhs Video 1: Transfer Pricing 1 – White Board Tutorial

http://www.youtube.com/watch?v=RYgMK3fHmSY Video 2: Transfer Pricing 2 – White Board Tutorial

Grading Criteria:

Try to add information not previously discussed by others. Provide factual information (not merely opinions) backed up by details or examples. Your comments should be in your own words and include references.

ACC 202 Discussion 5 Latest-Trident

What Is Important?

Given the readings and assignments in the course, identify and briefly discuss two important concepts applicable to the business decision-making process.

ACC 202 Module 1 Case Latest-Trident

Module 1 – Case

INTRODUCTION TO MANAGERIAL ACCOUNTING

Case Assignment

This first case is about reading, researching, and familiarizing yourself with the purpose and importance of management accounting in today’s organization. Managerial accounting is both about understanding concepts and the ability to read and analyze financial information for internal use. Accordingly, this course is a mixture of reading, research, computations, and analysis.

Reading the background material for a basic understanding and then doing additional research to elaborate on the ideas is the approach for this first case. Discuss and analyze the difference between managerial and financial accounting. Pay particular attention to:

How is managerial accounting different from financial accounting?

Comment on the different needs and use of financial information for internal purposes.

The managerial accounting profession and its role in today’s business environment. How has it changed over time?

Comment on the Certified Management Accountant (CMA) designation.

Assignment Expectations

It is important to answer the questions above. The discussion should be three to five pages and written in a clear and concise manner. Support your discussion with references in APA format. You are encouraged to use Excel or other compatible spreadsheet when computations are involved.

When your paper is done, upload it to the appropriate dropbox.

ACC 202 Module 1 SLP Latest-Trident

Module 1 – SLP

INTRODUCTION TO MANAGERIAL ACCOUNTING

Your specific SLP assignment for this Module is to select an organization for your project. You may consider any of these organizations as long as you have enough access to that organization to respond to the assignments. [Note: you will not be asked to reveal any proprietary or confidential information in your reports. Most of your reports will be based on your observations.]

You need only one organization. You may choose an organization among three categories below.

The business for which you work.

A business organization for which a close friend or relative works and to which you have access.

Any not-for-profit-oriented organization that has financial information available.

Select your organization. Next, based on accounting knowledge of the Case Assignment, answer questions below.

Write a short description of that organization and your relationship to it.

In your organization, describe how managerial accounting is working for planning and controlling.

Indicate any specific roles of managerial accounting compared with other organizations.

SLP Assignment Expectations

It is important to answer the questions above. The discussion should be two to four pages and written in a clear and concise manner. Support your discussion with references in APA format. You are encouraged to use Excel or other compatible spreadsheet when computations are involved.

When your paper is done, upload it to the appropriate droxpbox.

ACC 202 Module 2 Case Latest-Trident

Module 2 – Case

RELEVANT INFORMATION FOR DECISION MAKING

Assignment Overview

Relevant Cost Case Behemoth Motors Corp.

Behemoth Motors Corp. (BMC) is a major manufacturer of automobiles in the United States. BMC has decided to include a Global Positioning System navigator (GPSN) in all of its Sports Utility Vehicles (SUV) beginning with the 2016 model year. These models are just now being delivered and the GPSN units are manufactured in the Detroit BMC facility. Currently and for the foreseeable future, BMC will need 8,000 GPSNs per month. The total manufacturing cost of the GSPN is $425 per unit calculated as follows:

BMC experiences a high level of quality control over these units with only 2% of total production failing quality control testing. 98% of all units manufactured are installed in SUVs.

Wally Wizard, the GPSN manager, has been approached by Far East Enterprises, Ltd (FEE) who has offered to outsource these units for MBC. FEE is a three-year-old electronic manufacturing company located in China and has experienced outstanding growth during that three-year period. FEE has offered to manufacture and deliver to Detroit 8,000 GPSN units at a unit cost of $400 beginning on Jan. 1, 2016. FEE asks for a two-year contract.

Under the existing arrangement, the direct materials are all purchased locally under month-to-month contracts. There are no future obligations under these contracts.

There are 100 direct labor employees involved in this process. These employees can be laid off but if they are, BMC must pay a penalty of $66,000 per year to the employees union. This penalty will continue for 4 years.

There are 10 supervisors, each earning $6,000 per month, assigned to the project.

If the product is outsourced, all of these supervisors can be assigned to other supervisory positions within BMC. If the product is outsourced, half of the factory floor space can be used for storage for materials that are currently stored in rented storage facilities. These rented facilities currently cost BMC $5,000 per month. There is no alternative use for the remaining factory floor space. The current $2.50 per sq. ft. charge is based on the overall BMC factory costs.

General company overhead is first assigned to operating units on the basis of total product produced and then further to produced units on a per unit basis. If the product is outsourced, this overhead will be reassigned to other operating divisions although total corporate overhead incurred will remain unchanged.

You have determined the following additional facts. The units manufactured by FEE will have the same quality as those manufactured by BMC and the delivery schedule will have the same reliability as that of BMC.

Case Assignment

Make a recommendation to Wally Wizard in a 3- to 4-page paper. Be sure to support your recommendation with the decision-making process outlined in the background information.

Assignment Expectations

It is important to answer the questions above. The discussion should be three to four pages and written in a clear and concise manner. Support your discussion with references in APA format. You are encouraged to use Excel or other compatible spreadsheet when computations are involved.

When your paper is done, upload it to the appropriate dropbox.

ACC 202 Module 2 SLP Latest-Trident

Module 2 – SLP

RELEVANT INFORMATION FOR DECISION MAKING

Review the processes in your company and identify a decision that has recently been made or will be made in the near future in your organization. Next, identify at least two relevant and two non-relevant costs for this decision. Your report should include:

The name and nature of the organization

The activity and time period you used

The inputs you used

Your results

Any implications from your results

SLP Assignment Expectations

It is important to answer the questions above. The discussion should be two to three pages and written in a clear and concise manner. Support your discussion with references in APA format. You are encouraged to use Excel or other compatible spreadsheet when computations are involved.

When your paper is done, upload it to the appropriate dropbox.

ACC 202 Module 3 Case Latest-Trident

Module 3 – Case

VARIABLE AND FIXED COSTS

Case Assignment

Managerial accounting emphasizes short-term profit analysis, so the income statement is very important. Consequently, we will examine and discuss income statements in this Case.

Keep the analysis from the SLP in mind when addressing the questions below.

Explain the main differences between the absorption and contribution (behavioral, variable) income statements. Will net income always be the same under the two approaches? If not, explain the difference.

Comment specifically on why companies feel the need to create yet another income statement in a different format. What information can the company glean from this approach which is helpful as a tool in the decision-making process?

Explain situations in which break-even analysis can be a useful tool. Provide a specific example.

The submission should be 2 to 4 pages and needs to include answers to all the questions listed above. Include references in APA format.

Assignment Expectations

It is important to answer the questions above. The discussion should be two to four pages and written in a clear and concise manner. Support your discussion with references in APA format. You are encouraged to use Excel or other compatible spreadsheet when computations are involved.

When your paper is done, upload it to the appropriate dropbox.

ACC 202 Module 3 SLP Latest-Trident

Module 3 – SLP

VARIABLE AND FIXED COSTS

Below find production and sales information for Herrestad Company. We will use this same company for Module 4.

Product Information

Beginning inventory 0

Units produced $10,000

Units sold $8,000

Selling price per unit $250

Variable costs per unit

Direct material $100

Direct labor $50

Variable overhead $30

Variable selling and administrative $10

Fixed costs

Fixed manufacturing overhead $200,000

Fixed selling and administrative $100,000

Herrestad company

Absorption income statement for the period ending Dec. 31, 2015

Sales $2,000,000

Costs of goods sold $1,600,000

Gross profit (margin) $400,000

Selling and administrative expenses $180,000

Net income $220,000

Required: Prepare a contribution margin (behavioral, variable) income statement for Herrestad Company, compare net operating profit from a contribution margin income statement with net income from an absorption income statement, and explain why this difference happens. Prepare a second version assuming the selling price per unit increases to $270 per unit.

Use the original information to:

Determine the number of units the company must sell to break even for the year.

Compute break-even, assuming direct materials cost increase from $100 to $130, but all information remains the same.

The submission should be 2 to 4 pages and needs to include answers to all the questions listed above. Show computations, discuss the results, and include references in APA format.

SLP Assignment Expectations

It is important to answer the questions above. The discussion should be two to four pages and written in a clear and concise manner. Support your discussion with references in APA format. You are encouraged to use Excel or other compatible spreadsheet when computations are involved.

When your paper is done, upload it to the appropriate dropbox.

ACC 202 Module 4 Case Latest-Trident

Module 4 – Case

ALLOCATING FIXED COSTS AND BUDGETING

Case Assignment

This case has two separate parts.

Part I

How can activity-based management and activity-based costing (ABC) benefit an organization? Specifically, address the following points.

How does ABC differ from other allocation methods?

Describe the main characteristics of ABC.

What type of companies tends to benefit from ABC?

Comment on a company (research Internet) that has implemented ABC.

What type of company is it?

Was it successful?

Part II

Please answer the following questions.

What are the general benefits of preparing the budget?

Discuss how the budget is likely to be used for the control function.

Variance analysis is a traditional tool used for planning and control. Comment on advantages and disadvantages of using this approach for performance evaluations.

Do you have any suggestions for complementary or alternative performance measures?

The submission should be 3 to 5 pages and need to include answers to all the questions listed above. Include references in APA format.

Assignment Expectations

It is important to answer the questions above. The discussion should be three to five pages and written in a clear and concise manner. Support your discussion with references in APA format. You are encouraged to use Excel or other compatible spreadsheet when computations are involved.

When your paper is done, upload it to the appropriate dropbox.

ACC 202 Module 4 SLP Latest-Trident

Module 4 – SLP

ALLOCATING FIXED COSTS AND BUDGETING

This SLP has two parts.

Part I

Herrestad Company does produce and sell two products and the details below will be used to prepare a segmented income statement (showing the income for each product and the total) for the company. Use ABC to allocate all fixed costs to the two products.

Background information

Total Prod A Prod B

Beginning inventory 0

Units produced 10,000 2,500 7,500

Units sold 8,000 2,000 6,000

Selling price per unit $255 480 180

Variable costs per unit

Direct material 100 280 40

Direct labor 60 60 60

Variable overhead 25 40 20

Variable selling and admin. exp. 10 13 9

Fixed costs

Fixed manufacturing overhead 200,000

Fixed selling and administrative 100,000

Production runs (not $) 100 65 35

Number of sales reps (not $) 25 15 10

Here are the first few lines of the segmented income statement to help you get started. Complete the statement in good format and make sure you allocate the fixed costs to the two products. When done, comment on the information and the relative profitability of the two products.

Herrestad Company

Segmented Income Statement for the period ending Dec. 31, 2015

A B Total

Sales $960,000 $1,080,000 $2,040,000

Variable costs:

Direct material 560,000 240,000 800,000

Part II

Differential analysis involves knowing which costs are relevant, i.e. future costs that vary among alternatives. It is important to know what information to use and not just how to execute the analysis.

Herrestad Company receives an offer to make a new product, called C, for a new customer. The customer wants to buy 1,000 units. Product C has the same cost structure as product B with three exceptions. The new customer is only willing to pay $150 per unit, direct materials costs will decrease by $12 per unit and Herrestad does not have to incur any variable selling and administrative expenses.

Make a list of the expenses and amounts that are relevant for this decision. How much will the sale of this product contribute to the profitability of Herrestad?

What if the company only pays $140 per unit? How does this change the contribution towards profitability?

If you were the manager, would you accept this order? What considerations, other than financial would enter into your decision?

This Is a Signature Assignment Expectation for ACC202 Module 4 SLP

There are 2 specific learning outcomes:

apply business theories, models, and concepts to guide analysis of problems and situations

utilize data-driven analysis in making business decisions.

In this SLP assignment for Module 4 our emphasis will be on understanding the concept of relevant costs. You will be summarizing all of what you learned the in the Cases, SLPs, and Discussions.

The grading rubric has been developed to measure student success in meeting the ACC202 Module 4 SLP expectations related to applying your knowledge of relevant costs in the budget process.

SLP Assignment Expectations

Demonstrate familiarity with the concept of relevant costs.

Write 2-4 pages, showing computations and discussing the results.

List supporting references and cite sources.

Use appropriate writing style (organization, grammar, & spelling – see Writing Guidelines).

ACC 202 Managerial Accounting Full Course

ABS,AC,ACC,ACCT,ACT,ADJ,AH,AJS,AMP,ANT,ART,BA,BAM,BBA,BCOM,BIO,BIOS,BIS,BMGT,BPA,BSA,BSE,BSHS,BSOP,BUS,BUSN,CARD,CEIS,CHEM,CIS,CIT,CJA,CJS,CMC,CMGT,COLL,COM,COMM,COMP,CPN1,CRJ,CRMJ,CRT,CS,CWV,DBM,EBUS,ECE,ECET,ECN,ECO,ECOM,ECON,ECT,EDU,EED,EMM,ENG,ENGL,ENT,ENTR,ESE,ETH,ETHC,FIN,FIS,FP,GB,GBM,GED,GEN,GENERALQUESTIONS,GLG,GM,GSCM,HCA,HCS,HHS,HIS,HIST,HLT,HOSP,HPE,HRM,HSA,HSM,HTM,HTT,HUM,HUMN,IFSM,INFT,INT,IS,ISCOM,IT,ITB,JADM,JUS,JWI,LAS,LAW,LAWS,LDR,LEG,LIT,LTC,MA,MAT,MATH,MGMT,MGT,MIS,MKT,MKTG,MTH,NETW,NR,NRS,NSCI,NTC,NUR,NURS,OI,OMM,OPS,ORG,PA,PAD,PCN,PHI,PHL,PHYS,PM,POL,POLI,POS,PPA,PRG,PROJ,PSC,PSY,PSYC,PSYCH,QNT,QRB,RDG,REL,RELI,RES,SBE,SCI,SEC,SOC,SOCS,SPE,SRM,STAT,STR,SYM,TCH,UNV,WEB,XACC,XBIS,XCOM,XECO,XMGT

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ACC 202 Complete Discussions Pack Latest-Trident

ACC 202 Complete Discussions Pack Latest-Trident

ACC202

ACC 202 Discussion 1 Latest-Trident

Managerial Accounting in the 21st Century

Discuss the role of the managerial accountant in today’s business environment. How has the role changed and evolved over time?

Do research on the Internet and show the reference for the information. Remember to respond to a colleague’s posting also.

Grading Criteria:

Try to add information not previously discussed by others. Please provide factual information (not merely opinions) backed up by details or examples. Your comments should be in your own words and include references.

ACC 202 Discussion 2 Latest-Trident

Activity-Based Costing–Cost Allocations

Cost allocations have to make sense. What drives consumption of costs? What are drivers and how do they help in the allocation process?

Do research on the Internet and show the reference for the information. Do not forget to respond to a colleague’s posting also.

Professor’s Note: In addition to searching the Internet for text related to this discussion, watch the following videos (click on the following link to access these videos) and post your comments.

http://www.youtube.com/watch?v=mRt5YMVGOxg Video 1: Activity Based Costing (Cost Hierarchy Categories, Cost Allocation Bases, ABC System Setup, Etc.)

http://www.youtube.com/watch?v=PcjxRe4EsuY Video 2: Activity Based Costing Step by Step

Grading Criteria:

Try to add information not previously discussed by others. Provide factual information (not merely opinions) backed up by details or examples. Your comments should be in your own words and include references.

Variance analysis receives some criticism as a performance measure. What about other measures such as ROI and EVA?

Do research on the Internet and show the reference for the information. Remember to respond to a colleague’s posting also.

ACC 202 Discussion 3 Latest-Trident

Performance Measurement: ROI and EVA

Variance analysis receives some criticism as a performance measure. What about other measures such as ROI and EVA?

Do research on the Internet and show the reference for the information. Remember to respond to a colleague’s posting also.

Professor’s Note: Variance analysis compares actual performance to budgeted performance in the areas of material, labor, and overheads. If the results of a business unit show all positive variances, should the manager be rewarded for (excellent) performance? A simple counter argument can be – what if the manager had padded his business unit’s budget?

In addition to searching the Internet for text related to this discussion, watch the following YouTube videos (click on the following links to access these videos) and post your comments.

http://www.youtube.com/watch?v=M8igsXklfb4 Video 1: Performance Management & Evaluation

http://www.youtube.com/watch?v=omUoKnhuqvY Video 2: Return on Investment – ROI

http://www.youtube.com/watch?v=4UMUJkIPA-4&feature=related Video 3: Economic Value Added – EVA

Grading Criteria:

Try to add information not previously discussed by others. Provide factual information (not merely opinions) backed up by details or examples. Your comments should be in your own words and include references.

ACC 202 Discussion 4 Latest-Trident

Transfer Pricing

Transfer pricing refers to setting prices between related parties. There are many reasons to skew such prices when allowed. Discuss this issue from a managerial perspective.

Do research on the Internet and show the reference for the information. Remember to respond to a colleague’s posting also.

Professor’s Note: In addition to searching the Internet for information on transfer pricing, please visit YouTube.Com and search for the following two video clips:

http://www.youtube.com/watch?v=qbvHGEmqbhs Video 1: Transfer Pricing 1 – White Board Tutorial

http://www.youtube.com/watch?v=RYgMK3fHmSY Video 2: Transfer Pricing 2 – White Board Tutorial

Grading Criteria:

Try to add information not previously discussed by others. Provide factual information (not merely opinions) backed up by details or examples. Your comments should be in your own words and include references.

ACC 202 Discussion 5 Latest-Trident

What Is Important?

Given the readings and assignments in the course, identify and briefly discuss two important concepts applicable to the business decision-making process.

ACC 202 Complete Discussions Pack

ABS,AC,ACC,ACCT,ACT,ADJ,AH,AJS,AMP,ANT,ART,BA,BAM,BBA,BCOM,BIO,BIOS,BIS,BMGT,BPA,BSA,BSE,BSHS,BSOP,BUS,BUSN,CARD,CEIS,CHEM,CIS,CIT,CJA,CJS,CMC,CMGT,COLL,COM,COMM,COMP,CPN1,CRJ,CRMJ,CRT,CS,CWV,DBM,EBUS,ECE,ECET,ECN,ECO,ECOM,ECON,ECT,EDU,EED,EMM,ENG,ENGL,ENT,ENTR,ESE,ETH,ETHC,FIN,FIS,FP,GB,GBM,GED,GEN,GENERALQUESTIONS,GLG,GM,GSCM,HCA,HCS,HHS,HIS,HIST,HLT,HOSP,HPE,HRM,HSA,HSM,HTM,HTT,HUM,HUMN,IFSM,INFT,INT,IS,ISCOM,IT,ITB,JADM,JUS,JWI,LAS,LAW,LAWS,LDR,LEG,LIT,LTC,MA,MAT,MATH,MGMT,MGT,MIS,MKT,MKTG,MTH,NETW,NR,NRS,NSCI,NTC,NUR,NURS,OI,OMM,OPS,ORG,PA,PAD,PCN,PHI,PHL,PHYS,PM,POL,POLI,POS,PPA,PRG,PROJ,PSC,PSY,PSYC,PSYCH,QNT,QRB,RDG,REL,RELI,RES,SBE,SCI,SEC,SOC,SOCS,SPE,SRM,STAT,STR,SYM,TCH,UNV,WEB,XACC,XBIS,XCOM,XECO,XMGT

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ACC 202 Discussion 1 Latest-Trident

ACC 202 Discussion 1 Latest-Trident

ACC202

ACC 202 DQ 1 Latest-Trident

Managerial Accounting in the 21st Century

Discuss the role of the managerial accountant in today’s business environment. How has the role changed and evolved over time?

Do research on the Internet and show the reference for the information. Remember to respond to a colleague’s posting also.

Grading Criteria:

Try to add information not previously discussed by others. Please provide factual information (not merely opinions) backed up by details or examples. Your comments should be in your own words and include references.

ACC 202 Discussion 1 Latest

ABS,AC,ACC,ACCT,ACT,ADJ,AH,AJS,AMP,ANT,ART,BA,BAM,BBA,BCOM,BIO,BIOS,BIS,BMGT,BPA,BSA,BSE,BSHS,BSOP,BUS,BUSN,CARD,CEIS,CHEM,CIS,CIT,CJA,CJS,CMC,CMGT,COLL,COM,COMM,COMP,CPN1,CRJ,CRMJ,CRT,CS,CWV,DBM,EBUS,ECE,ECET,ECN,ECO,ECOM,ECON,ECT,EDU,EED,EMM,ENG,ENGL,ENT,ENTR,ESE,ETH,ETHC,FIN,FIS,FP,GB,GBM,GED,GEN,GENERALQUESTIONS,GLG,GM,GSCM,HCA,HCS,HHS,HIS,HIST,HLT,HOSP,HPE,HRM,HSA,HSM,HTM,HTT,HUM,HUMN,IFSM,INFT,INT,IS,ISCOM,IT,ITB,JADM,JUS,JWI,LAS,LAW,LAWS,LDR,LEG,LIT,LTC,MA,MAT,MATH,MGMT,MGT,MIS,MKT,MKTG,MTH,NETW,NR,NRS,NSCI,NTC,NUR,NURS,OI,OMM,OPS,ORG,PA,PAD,PCN,PHI,PHL,PHYS,PM,POL,POLI,POS,PPA,PRG,PROJ,PSC,PSY,PSYC,PSYCH,QNT,QRB,RDG,REL,RELI,RES,SBE,SCI,SEC,SOC,SOCS,SPE,SRM,STAT,STR,SYM,TCH,UNV,WEB,XACC,XBIS,XCOM,XECO,XMGT

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ACC 202 Discussion 2 Latest-Trident

ACC 202 Discussion 2 Latest-Trident

ACC202

ACC 202 DQ 2 Latest-Trident

Activity-Based Costing–Cost Allocations

Cost allocations have to make sense. What drives consumption of costs? What are drivers and how do they help in the allocation process?

Do research on the Internet and show the reference for the information. Do not forget to respond to a colleague’s posting also.

Professor’s Note: In addition to searching the Internet for text related to this discussion, watch the following videos (click on the following link to access these videos) and post your comments.

http://www.youtube.com/watch?v=mRt5YMVGOxg Video 1: Activity Based Costing (Cost Hierarchy Categories, Cost Allocation Bases, ABC System Setup, Etc.)

http://www.youtube.com/watch?v=PcjxRe4EsuY Video 2: Activity Based Costing Step by Step

Grading Criteria:

Try to add information not previously discussed by others. Provide factual information (not merely opinions) backed up by details or examples. Your comments should be in your own words and include references.

Variance analysis receives some criticism as a performance measure. What about other measures such as ROI and EVA?

Do research on the Internet and show the reference for the information. Remember to respond to a colleague’s posting also.

ACC 202 Discussion 2 Latest

ABS,AC,ACC,ACCT,ACT,ADJ,AH,AJS,AMP,ANT,ART,BA,BAM,BBA,BCOM,BIO,BIOS,BIS,BMGT,BPA,BSA,BSE,BSHS,BSOP,BUS,BUSN,CARD,CEIS,CHEM,CIS,CIT,CJA,CJS,CMC,CMGT,COLL,COM,COMM,COMP,CPN1,CRJ,CRMJ,CRT,CS,CWV,DBM,EBUS,ECE,ECET,ECN,ECO,ECOM,ECON,ECT,EDU,EED,EMM,ENG,ENGL,ENT,ENTR,ESE,ETH,ETHC,FIN,FIS,FP,GB,GBM,GED,GEN,GENERALQUESTIONS,GLG,GM,GSCM,HCA,HCS,HHS,HIS,HIST,HLT,HOSP,HPE,HRM,HSA,HSM,HTM,HTT,HUM,HUMN,IFSM,INFT,INT,IS,ISCOM,IT,ITB,JADM,JUS,JWI,LAS,LAW,LAWS,LDR,LEG,LIT,LTC,MA,MAT,MATH,MGMT,MGT,MIS,MKT,MKTG,MTH,NETW,NR,NRS,NSCI,NTC,NUR,NURS,OI,OMM,OPS,ORG,PA,PAD,PCN,PHI,PHL,PHYS,PM,POL,POLI,POS,PPA,PRG,PROJ,PSC,PSY,PSYC,PSYCH,QNT,QRB,RDG,REL,RELI,RES,SBE,SCI,SEC,SOC,SOCS,SPE,SRM,STAT,STR,SYM,TCH,UNV,WEB,XACC,XBIS,XCOM,XECO,XMGT

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ACC 202 Discussion 3 Latest-Trident

ACC 202 Discussion 3 Latest-Trident

ACC202

ACC 202 DQ 3 Latest-Trident

Performance Measurement: ROI and EVA

Variance analysis receives some criticism as a performance measure. What about other measures such as ROI and EVA?

Do research on the Internet and show the reference for the information. Remember to respond to a colleague’s posting also.

Professor’s Note: Variance analysis compares actual performance to budgeted performance in the areas of material, labor, and overheads. If the results of a business unit show all positive variances, should the manager be rewarded for (excellent) performance? A simple counter argument can be – what if the manager had padded his business unit’s budget?

In addition to searching the Internet for text related to this discussion, watch the following YouTube videos (click on the following links to access these videos) and post your comments.

http://www.youtube.com/watch?v=M8igsXklfb4 Video 1: Performance Management & Evaluation

http://www.youtube.com/watch?v=omUoKnhuqvY Video 2: Return on Investment – ROI

http://www.youtube.com/watch?v=4UMUJkIPA-4&feature=related Video 3: Economic Value Added – EVA

Grading Criteria:

Try to add information not previously discussed by others. Provide factual information (not merely opinions) backed up by details or examples. Your comments should be in your own words and include references.

ACC 202 Discussion 3 Latest

ABS,AC,ACC,ACCT,ACT,ADJ,AH,AJS,AMP,ANT,ART,BA,BAM,BBA,BCOM,BIO,BIOS,BIS,BMGT,BPA,BSA,BSE,BSHS,BSOP,BUS,BUSN,CARD,CEIS,CHEM,CIS,CIT,CJA,CJS,CMC,CMGT,COLL,COM,COMM,COMP,CPN1,CRJ,CRMJ,CRT,CS,CWV,DBM,EBUS,ECE,ECET,ECN,ECO,ECOM,ECON,ECT,EDU,EED,EMM,ENG,ENGL,ENT,ENTR,ESE,ETH,ETHC,FIN,FIS,FP,GB,GBM,GED,GEN,GENERALQUESTIONS,GLG,GM,GSCM,HCA,HCS,HHS,HIS,HIST,HLT,HOSP,HPE,HRM,HSA,HSM,HTM,HTT,HUM,HUMN,IFSM,INFT,INT,IS,ISCOM,IT,ITB,JADM,JUS,JWI,LAS,LAW,LAWS,LDR,LEG,LIT,LTC,MA,MAT,MATH,MGMT,MGT,MIS,MKT,MKTG,MTH,NETW,NR,NRS,NSCI,NTC,NUR,NURS,OI,OMM,OPS,ORG,PA,PAD,PCN,PHI,PHL,PHYS,PM,POL,POLI,POS,PPA,PRG,PROJ,PSC,PSY,PSYC,PSYCH,QNT,QRB,RDG,REL,RELI,RES,SBE,SCI,SEC,SOC,SOCS,SPE,SRM,STAT,STR,SYM,TCH,UNV,WEB,XACC,XBIS,XCOM,XECO,XMGT

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ACC 202 Module 1 SLP Latest-Trident

ACC 202 Module 1 SLP Latest-Trident

ACC202

ACC 202 Module 1 SLP Latest-Trident

Module 1 – SLP

INTRODUCTION TO MANAGERIAL ACCOUNTING

Your specific SLP assignment for this Module is to select an organization for your project. You may consider any of these organizations as long as you have enough access to that organization to respond to the assignments. [Note: you will not be asked to reveal any proprietary or confidential information in your reports. Most of your reports will be based on your observations.]

You need only one organization. You may choose an organization among three categories below.

The business for which you work.

A business organization for which a close friend or relative works and to which you have access.

Any not-for-profit-oriented organization that has financial information available.

Select your organization. Next, based on accounting knowledge of the Case Assignment, answer questions below.

Write a short description of that organization and your relationship to it.

In your organization, describe how managerial accounting is working for planning and controlling.

Indicate any specific roles of managerial accounting compared with other organizations.

SLP Assignment Expectations

It is important to answer the questions above. The discussion should be two to four pages and written in a clear and concise manner. Support your discussion with references in APA format. You are encouraged to use Excel or other compatible spreadsheet when computations are involved.

When your paper is done, upload it to the appropriate droxpbox.

ACC 202 Module 1 SLP Latest

ABS,AC,ACC,ACCT,ACT,ADJ,AJS,AMP,ANT,ART,BA,BAM,BBA,BCOM,BIO,BIOS,BIS,BMGT,BPA,BSA,BSE,BSHS,BSOP,BUS,BUSN,CARD,CEIS,CHEM,CIS,CIT,CJA,CJS,CMC,CMGT,COLL,COM,COMM,COMP,CPN1,CRJ,CRMJ,CRT,CS,CWV,DBM,EBUS,ECE,ECET,ECN,ECO,ECOM,ECON,ECT,EDU,EED,EMM,ENG,ENGL,ENT,ENTR,ESE,ETH,ETHC,FIN,FIS,FP,GB,GBM,GED,GEN,GENERALQUESTIONS,GLG,GM,GSCM,HCA,HCS,HHS,HIS,HIST,HLT,HOSP,HPE,HRM,HSA,HSM,HTM,HTT,HUM,HUMN,IFSM,INFT,INT,IS,ISCOM,IT,ITB,JADM,JUS,JWI,LAS,LAW,LAWS,LDR,LEG,LIT,LTC,MA,MAT,MATH,MGMT,MGT,MIS,MKT,MKTG,MTH,NETW,NR,NRS,NSCI,NTC,NUR,NURS,OI,OMM,OPS,ORG,PA,PAD,PCN,PHI,PHL,PHYS,PM,POL,POLI,POS,PPA,PRG,PROJ,PSC,PSY,PSYC,PSYCH,QNT,QRB,RDG,REL,RELI,RES,SBE,SCI,SEC,SOC,SOCS,SPE,SRM,STAT,STR,SYM,TCH,UNV,WEB,XACC,XBIS,XCOM,XECO,XMGT

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ACC 202 Module 2 SLP Latest-Trident

ACC 202 Module 2 SLP Latest-Trident

ACC202

ACC 202 Module 2 SLP Latest-Trident

Module 2 – SLP

RELEVANT INFORMATION FOR DECISION MAKING

Review the processes in your company and identify a decision that has recently been made or will be made in the near future in your organization. Next, identify at least two relevant and two non-relevant costs for this decision. Your report should include:

The name and nature of the organization

The activity and time period you used

The inputs you used

Your results

Any implications from your results

SLP Assignment Expectations

It is important to answer the questions above. The discussion should be two to three pages and written in a clear and concise manner. Support your discussion with references in APA format. You are encouraged to use Excel or other compatible spreadsheet when computations are involved.

When your paper is done, upload it to the appropriate dropbox.

ACC 202 Module 2 SLP Latest

ABS,AC,ACC,ACCT,ACT,ADJ,AH,AJS,AMP,ANT,ART,BA,BAM,BBA,BCOM,BIO,BIOS,BIS,BMGT,BPA,BSA,BSE,BSHS,BSOP,BUS,BUSN,CARD,CEIS,CHEM,CIS,CIT,CJA,CJS,CMC,CMGT,COLL,COM,COMM,COMP,CPN1,CRJ,CRMJ,CRT,CS,CWV,DBM,EBUS,ECE,ECET,ECN,ECO,ECOM,ECON,ECT,EDU,EED,EMM,ENG,ENGL,ENT,ENTR,ESE,ETH,ETHC,FIN,FIS,FP,GB,GBM,GED,GEN,GENERALQUESTIONS,GLG,GM,GSCM,HCA,HCS,HHS,HIS,HIST,HLT,HOSP,HPE,HRM,HSA,HSM,HTM,HTT,HUM,HUMN,IFSM,INFT,INT,IS,ISCOM,IT,ITB,JADM,JUS,JWI,LAS,LAW,LAWS,LDR,LEG,LIT,LTC,MA,MAT,MATH,MGMT,MGT,MIS,MKT,MKTG,MTH,NETW,NR,NRS,NSCI,NTC,NUR,NURS,OI,OMM,OPS,ORG,PA,PAD,PCN,PHI,PHL,PHYS,PM,POL,POLI,POS,PPA,PRG,PROJ,PSC,PSY,PSYC,PSYCH,QNT,QRB,RDG,REL,RELI,RES,SBE,SCI,SEC,SOC,SOCS,SPE,SRM,STAT,STR,SYM,TCH,UNV,WEB,XACC,XBIS,XCOM,XECO,XMGT

The post ACC 202 Module 2 SLP Latest-Trident appeared first on Wise American.

ACC 202 Module 3 SLP Latest-Trident

ACC 202 Module 3 SLP Latest-Trident

ACC202

ACC 202 Module 3 SLP Latest-Trident

Module 3 – SLP

VARIABLE AND FIXED COSTS

Below find production and sales information for Herrestad Company. We will use this same company for Module 4.

Product Information

Beginning inventory 0

Units produced $10,000

Units sold $8,000

Selling price per unit $250

Variable costs per unit

Direct material $100

Direct labor $50

Variable overhead $30

Variable selling and administrative $10

Fixed costs

Fixed manufacturing overhead $200,000

Fixed selling and administrative $100,000

Herrestad company

Absorption income statement for the period ending Dec. 31, 2015

Sales $2,000,000

Costs of goods sold $1,600,000

Gross profit (margin) $400,000

Selling and administrative expenses $180,000

Net income $220,000

Required: Prepare a contribution margin (behavioral, variable) income statement for Herrestad Company, compare net operating profit from a contribution margin income statement with net income from an absorption income statement, and explain why this difference happens. Prepare a second version assuming the selling price per unit increases to $270 per unit.

Use the original information to:

Determine the number of units the company must sell to break even for the year.

Compute break-even, assuming direct materials cost increase from $100 to $130, but all information remains the same.

The submission should be 2 to 4 pages and needs to include answers to all the questions listed above. Show computations, discuss the results, and include references in APA format.

SLP Assignment Expectations

It is important to answer the questions above. The discussion should be two to four pages and written in a clear and concise manner. Support your discussion with references in APA format. You are encouraged to use Excel or other compatible spreadsheet when computations are involved.

When your paper is done, upload it to the appropriate dropbox.

ACC 202 Module 3 SLP Latest

ABS,AC,ACC,ACCT,ACT,ADJ,AH,AJS,AMP,ANT,ART,BA,BAM,BBA,BCOM,BIO,BIOS,BIS,BMGT,BPA,BSA,BSE,BSHS,BSOP,BUS,BUSN,CARD,CEIS,CHEM,CIS,CIT,CJA,CJS,CMC,CMGT,COLL,COM,COMM,COMP,CPN1,CRJ,CRMJ,CRT,CS,CWV,DBM,EBUS,ECE,ECET,ECN,ECO,ECOM,ECON,ECT,EDU,EED,EMM,ENG,ENGL,ENT,ENTR,ESE,ETH,ETHC,FIN,FIS,FP,GB,GBM,GED,GEN,GENERALQUESTIONS,GLG,GM,GSCM,HCA,HCS,HHS,HIS,HIST,HLT,HOSP,HPE,HRM,HSA,HSM,HTM,HTT,HUM,HUMN,IFSM,INFT,INT,IS,ISCOM,IT,ITB,JADM,JUS,JWI,LAS,LAW,LAWS,LDR,LEG,LIT,LTC,MA,MAT,MATH,MGMT,MGT,MIS,MKT,MKTG,MTH,NETW,NR,NRS,NSCI,NTC,NUR,NURS,OI,OMM,OPS,ORG,PA,PAD,PCN,PHI,PHL,PHYS,PM,POL,POLI,POS,PPA,PRG,PROJ,PSC,PSY,PSYC,PSYCH,QNT,QRB,RDG,REL,RELI,RES,SBE,SCI,SEC,SOC,SOCS,SPE,SRM,STAT,STR,SYM,TCH,UNV,WEB,XACC,XBIS,XCOM,XECO,XMGT