This website uses cookies to ensure you have the best experience. Learn more

Acct 567 Devry Week One Homework

2986 words - 12 pages

Grading Summary
These are the automatically computed results of your exam. Grades for essay questions, and comments from your instructor, are in the "Details" section below. | Date Taken: | 8/4/2015 |
Time Spent: | 2 h , 36 min , 17 secs |
Points Received: | 152 / 180  (84.4%) |
|
Question Type: | # Of Questions: | # Correct: |
Multiple Choice | 30 | 23 |
Essay | 3 | N/A |
|
|

Grade Details - All Questions |

Page:   | 1  2  |
Question 1. | Question : | (TCO A) An AICPA committee in 1986 broke forensic accounting into two broad areas: |
|
  | Student Answer: | | Damages and valuation. |
  | | | Investigative accounting and litigation support. ...view middle of the document...

|
  | | | Two of the shenanigans shift current-year earnings into the future. |
  | | | Recognizing current revenues as deferred revenues is one of the shenanigans. |
  | | | He suggested nine financial shenanigans. |
  | | | None of the above ( ) |
  | Instructor Explanation: | Chapter 3, page 3-14 |
|
|
  | Points Received: | 4 of 4 |
  | Comments: | |
|
|
Question 5. | Question : | (TCO A) Which statement is false? |
|
  | Student Answer: | | The flexibility in U.S. GAAP gives management discretion to use its professional opinion to choose from a range of guidelines and standards in selecting those that suit the needs of a company (e.g., FIFO or LIFO inventory methods). |
  | | | Nonfraudulent earnings management is accomplished within the U.S. GAAP framework. |
  | | | Fraudulent earnings management does not follow U.S. GAAP. |
  | | | Transparency is one of the five interrelated components of internal controls. |
  | | | All of the above are true. ( ) |
  | Instructor Explanation: | Chapter 3, page 3-28 |
|
|
  | Points Received: | 4 of 4 |
  | Comments: | |
|
|
Question 6. | Question : | (TCO A) What is an operating and financial stability risk factor? |
|
  | Student Answer: | | New accounting requirements for the company |
  | | | Substance over form questions |
  | | | Company declining in the industry |
  | | | High degree of competition |
  | | | All of the above ( ) |
  | Instructor Explanation: | Chapter 3, page 3-19 |
|
|
  | Points Received: | 0 of 4 |
  | Comments: | |
|
|
Question 7. | Question : | (TCO A) Elements in the fraud triangle can be restated as all of the following except: |
|
  | Student Answer: | | Individual is either dishonest or able to rationalize theft. |
  | | | Notices or creates an opportunity to commit fraud. |
  | | | Generally acts alone, out of embarrassment. |
  | | | Feels some sort of pressure or incentive to commit fraud. |
  | | | None of the above ( ) |
  | Instructor Explanation: | Chapter 3, page 3-16 |
|
|
  | Points Received: | 4 of 4 |
  | Comments: | |
|
|
Question 8. | Question : | (TCO A) Which statement is false? |
|
  | Student Answer: | | SAS No. 99 indicates that auditors must be skeptical. |
  | | | Skepticism is an attitude that includes a questioning mind and a critical assessment of audit evidence. |
  | | | SAS No. 99 instructs auditors to question management about possible fraud. |
  | | | Tests of controls by auditors are sufficient for auditors to catch fraud. |
  | | | None of the above ( ) |
  | Instructor Explanation: | Chapter 4, page 4-7 |
|
|
  | Points Received: | 4 of 4 |
  | Comments: | |
|
|
Question 9. | Question : | (TCO A) Which statement is false regarding SAS No. 99? |
|
  | Student Answer: | | SAS No. 99 places more...

Other Essays Like Acct 567 Devry Week One Homework

ACCT 567 Midterm Exam 100% Correct Answers

5641 words - 23 pages ACCT 567 Midterm Exam 100% Correct Answers Follow Link Below To Get Tutorial homeworklance.us/downloads/acct-567-final-exam-100-correct-answers/ Description: (TCOs A and B) Fiduciary funds are to use which of the following measurement and basis of accounting? (TCOs A and B) Funds other than the General Fund are required to be considered to be a major fund when (TCOs A and B) Which of the following is most correct with regard to

Account 504 Midterm Essay

1021 words - 5 pages ACCT 504 Midterm Exam (Accounting and Finance; Managerial Use & Analysis - DeVry) (More than 60 MCQs and explanatory answers) DOWNLOAD Week 4 Midterm 1 1. TCO A, B, C) Which of the following statements concerning users of accounting….? 2. (TCO C) Issuing shares of stock in exchange for cash is an example of a(n) 3. (TCO C) Which activities involve putting the resources of the business into action…? 4. (TCO A) The cost of assets

Cost Accounting

531 words - 3 pages ACCT552 Week 1 Homework Assignment Please complete the below problems and submit your answers in the Week 1 Dropbox. See "Syllabus/Due Dates for Assignments & Exams" for due date information. 1. You are on a tight budget and need to decide between the following 3 texting plans: Plan A: Pay $0.10 per text Plan B: Pay a fixed monthly fee of $15 for up to 500 texts per month and $0.08 for each text over the 500. Plan C: Pay a fixed

Csusb Mba Catalog 2012-2014

5599 words - 23 pages following ADMN 998. Comprehensive Project (0) ADMN 999. Comprehensive Examination (0) Concentration (20 units) 1. Twenty units from one of the following concentrations, chosen in consultation with an advisor: Accounting Concentration 1. 2. 3. 4. ACCT 610. Financial Reporting and Disclosure (4) ACCT 615. Controllership (4) ACCT 620. Internal Auditing and Management Controls (4) Four units chosen from: ACCT 625. Seminar in Accounting Information

Home Work/Not

721 words - 3 pages Georgia, students who maintain an average of A and B honor roll have done their homework in order to succeed. When the study was taken we ask the students why they do their homework. One of the responses that was mention from a lot of students said,” When I do my homework it gives me the practice I need, and the next day if I have any questions I will be able to ask my teacher.” It is true when you do your homework you’re practicing and will be

Moving to Fast

917 words - 4 pages being passed to protect employees and potential employees from being required to disclose social media passwords during job interviews or after hire. Finally, many ethical concerns are being raised about the use of social media as a method of doing quick, informal background checks on potential hires or current employees. For your homework this week, research the following questions and provide your findings in answers that are long enough to

Sap Exercises

4681 words - 19 pages | | Enter the following information: ➢ Shipping Point/Receiving Pt S_ _ _ ➢ Deliv. Creation Date Enter dates from one week ago to 14 days from today General data TAB: ➢ Sales Organization S_ _ _ ➢ [pic] (Execute) ➢ Select the desired line(s) ➢ Select [pic] In some cases, the system has combined deliveries from different orders on the same delivery note number

Problem Solving

963 words - 4 pages Course Project (Problem-Solving) Dexter Moses DeVry University CEIS-100 May 16,2015 Phillip Whiters Abstract Having the skills to be able to solve any problem that a person may encounter throughout his or her life would be a great tool to have because life is full of trials and tribulation. Using the problem-solving 5 step solution process it can be applied to almost any situation where you first define the problem

Kindergarteners

1285 words - 6 pages in school. Let them learn to read and write, to add and subtract, to sit and listen. Seven hours a day, five days a week is a very sufficient amount of time to teach and learn these things, if it wasn’t, I’m sure we would extend the school day, or make our children attend kindergarten at three years old. I never had homework until I was in fifth grade. When I was a child we weren’t handed such “responsibilities,” those were adult things and we

CIS 115 Tutorials / cis115dotcom

1917 words - 8 pages flowchart and pseudocode and explain whether one is more important to develop than the other. (Points : 10) 8. (TCO 1, 2, 3, 4, & 5) Compare and contrast sequence control structures and selection control structures. (Points : 10) ......................................................................................................................................................... CIS 115 Week 1 Exercise (Devry) Assignment: This activity will

Telenursing

1352 words - 6 pages ]. Downers Grove, IL: DeVry Education Group. Downers Grove, IL: DeVry Education Group. Chamberlain College of Nursing.  (2015). NR-361 Week 3: Usability and Interoperability of Health Informatics Applications [Online lesson].  Downers Grove, IL: DeVry Education Group. Hebda, T., & Czar, P. (2013). Handbook of informatics for nurses & healthcare professionals (5th ed.). Boston, MA: Pearson. Kamei, T. (2013). Information and

Related Papers

Acct 551 Week 2 Homework Essay

1306 words - 6 pages E13-1 (Balance Sheet Classification of Various Liabilities) How would each of the following items be reported on the balance sheet? (a) Accrued vacation pay. Current liability (b) Estimated taxes payable. Current liability (c) Service warranties on appliance sales. Current or long-term liability (d) Bank overdraft. Current liability (e) Personal injury claim pending. Disclosed in notes (f) Unpaid bonus to officers. Current liability (g

Acct 553 Week 2 Homework Essay

521 words - 3 pages Question : | (TCO G) Your brother is short on cash and cannot pay his rent this month. You pay his rent for him. Is this taxable income to your brother? Do you get a deduction? | |   | Student Answer: |   | No, this is not taxable income for my brother. If I pay his rent it would be considered a gift not compensation as I don’t expect my brother to do any work for me and just gave him the money out of a generosity. I will not get a deduction

Acct 301 Complete Course Work Essay

2595 words - 11 pages ACCT 301 Complete Course Work Follow Link Below To Get Tutorial homeworklance.us/downloads/acct-301-complete-course-work/ Description: ACCT 301 Week 1 Homework ACCT 301 Week 2 Discussion; Internal Controls ACCT 301 Week 2 Homework ACCT 301 Week 2 Quiz ACCT 301 Week 3 Discussion; Financial Statement Analysis ACCT 301 Week 3 Homework ACCT 301 Week 4 Discussion; Managerial Accounting ACCT 301 Week 4 Homework ACCT 301 Week 4 Midterm

Acct 212 Financial Accounting Complete Course

5265 words - 22 pages ACCT 212 Financial Accounting Complete Course Follow Link Below To Get Tutorial homeworklance.org/downloads/acct-212-financial-accounting-complete-course/ Description: ( ACCT 212 Week 1-7 Complete DQS Included ) ACCT 212 Course Project ACCT 212 Week 4 Midterm ACCT 212 Week 1 DQ1 Financial Statements ACCT 212 Week 2 DQ1 Prepaid Expenses vs. Unearned Revenue ACCT 212 Week 2 DQ2 Accrual vs. Cash Accounting ACCT