SYLLABUS ACC/491 Contemporary Auditing I Copyright ©2014 by University of Phoenix. All rights reserved. Course Description This course is the first in a two-part series that deals with auditing a company ’s financial reports‚ internal controls‚ and Electronic Data Processing (EDP) systems. Topics include auditing standards‚ evidence‚ audit planning and documentation‚ materiality and risk‚ internal control‚ statistical tools‚ and the overall audit plan and program. Course Dates Nov 11‚ 2014 - Dec
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analysis is used primarily by management: A) as a planning tool B) for control purposes C) to prepare external financial statements D) to attain accurate financial results Answer: A Diff: 1 Terms: cost-volume-profit (CVP) Objective: 1 AACSB: Communication 2) One of the first steps to take when using CVP analysis to help make decisions is: A) finding out where the total costs line intersects with the total revenues line on a graph. B) identifying which costs are variable and which costs are fixed
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cases to consider the investment decisions of managers of large chemical companies are made in January 2001. The A ‘case‚ a go / no-go project evaluation regarding improvements to a polypropylene production plant. The B ‘case‚ checked the same project‚ but from a higher level‚ where the executive is an either / or investment decision between two mutually exclusive projects. The goal of the two cases is to expose students to a broad range of capital budgeting … Read more » These two cases to consider
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overhead costs: $189.48 B. Estimated operating profit for cookies Selling price: $0.75 x 1‚000 = $750 Less Direct material costs: $0.15 x 1000 = ($150) Less Direct labor costs: $0.02 x 1000 = ($20) Less total overhead costs: ($189.48) ? Profit: $390.52 3. Traditional system for sugar cookie A. Estimated overhead cost per 1000 cookies ‚)) = $150 B. Estimated operating profit
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000|| |Overhead |500‚000|a||250‚000|b| |Profit |$50‚000|||$ 250‚000|| a $500‚000 = $250‚000 direct labor x 200%. b $250‚000 = $125‚000 direct labor x 200%. b. Maria was wrong; Baseball bats were more profitable. |Baseball Bats|||Tennis rackets|| Revenue |$1‚350‚000|||$900‚000|| Direct Labor |250‚000|||125‚000|| Direct Materials |550‚000|||275‚000|| Overhead |375‚000|a||375‚000|b| Profit |$175‚000|||$ 125‚000|| a $375‚000 = $250‚000 direct labor x 150%. b
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Career Goals and Learning Plan Justin B. Gillispie COM- 505 James Ryan Career Goals and Learning Plan Personal/Potential Career Goals: * Teacher-Postsecondary: Ultimately a PhD is required to teach at the university level; however‚ I pursue to teach either at a community college or at a vocational school. The Masters is Psychology I am pursuing at University of Phoenix will help me get my foot in the door at a local community college or vocational school. * Human Resources: This
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Criteria control Airlines Ticketing Authority A clearing instrument to reconcile the sales by Agents to the Airlines that own sales Passenger Sales Agency Agreement (PSAA)(Resolution 824) – Monies in trust 5 What is BSP: A Agents B C D AGENT: Sell tickets on many carriers - Reports to one central point = BSP AIRLINE: Many sales outlets Reports received from one central point = BSP AA BB Airlines 6 CC DD 7 How does the BSP work? Accredited
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ACC 444 Exam 1 Guide Summary of Questions (approximate): Topic # Multiple Choice Questions (2 pts each) Total Points Business Process Overview 9 Computer Fraud & Abuse 16 Internal Control Systems 25 Total # questions 50 100 Study Guide While there couldbe questions from other topics discussed in class‚ themain emphasis will be on the following subject matter: Business Process Overview The “transaction cycles” approach The data processing model Computer
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1. Based on your view of the objectives of performance evaluation‚ evaluate the perspectives about performance appraisal presented by the managers. I believe that each manager sees performance evaluation as serving a different purpose. Lynn‚ incorporates politics into her evaluation and doesn’t score base done today‚ she incorporates that it will be on the employees permanent record. She also inflated ratings to make an employee feel better about a personal issue. Max admits that accuracy isn’t
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E3-18 (Page 152) Determine the following 2011 balance sheet items: 1. Current assets 2. Shareholders’ equity 3. Non-current assets 4. Long-term liabilities Solution 3-18 1. Acid-test ratio = Quick assets ÷ Current liabilities =1.20 Quick assets = Current assets - Inventories Quick assets = Current assets - $840‚000 Current assets ÷ Current liabilities =2.25 Current assets - $840‚000 ÷ Current liabilities =1.20 $840‚000 ÷ Current liabilities = 1.05 Current liabilities = $800
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