ACC 305 ASH Course/Shoptutorial

ACC 305 ASH Course/Shoptutorial

ACC 305 Entire Course

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ACC 305 Week 1 Assignments E 3-18, E 3-20, J Case 3-5
ACC 305 Week 1 DQ 1 FASB and Ethics
ACC 305 Week 1 DQ 2 Cash versus Accrual & Financial Disclosures
ACC 305 Week 2 DQ 1 Earnings Management Case 4-3
ACC 305 Week 2 DQ 2 Revenue Recognition Case 5-2
ACC 305 Week 2 Problem E4-16 Bluebonnet Bakers
ACC 305 Week 2 Problem E4-19 Wainwright Corporation


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ACC 305 Week 1 DQ 2 Cash versus Accrual

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Judgment Case 2-1 (page 109)
You have recently been hired by Davis & Company, a small public accounting firm. One of the firm’s partners, Alice Davis, has asked you to deal with a disgruntled client, Mr. Sean Pitt, owner of the city’s largest hardware store. Mr. Pitt is applying to a local bank for a substantial loan to remodel his store. The bank

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ACC 305 Week 3 Judgment Case 7-5

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Judgment Case 7-5 on page 391
For each of the following independent situations, indicate the apparent internal control weaknesses and suggest alternative procedures to eliminate the weaknesses.
1. John Smith is the petty cash custodian. John approves all requests for payment out of the $200 fund, which is replenished at the end of each month. At the end of each month, John submits a list of all accounts and amounts to be charged and a check is written to him for the total amount. John is the only person ever to tally the fund.
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