Acc 422 Week 1 Complete Uop Exam Assignment

ACC 422 Week 1 Complete

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DQ1.Consider how an organization must manage cash, receivables, and inventory. Which of the three variables is the most important to manage? Is one more susceptible to fraud and errors than the others? Explain your answer.

How would a misstatement in each affect the organization?

DQ2.What is the perpetual method of tracking inventory?

How does it differ from the periodic method of tracking inventory?

Why would a company choose one method over the other method?

Which is the best method? Why?

DQ3.What are the different ways to estimate bad debt?

How does this affect net income?

What does Generally Accepted Accounting Principles (GAAP) require? Why?

Should all companies have bad debt? Explain your answer.

Individual Assignment - Disclosure Analysis Paper

Select a publicly held company to use as the basis for this assignment.

Research your selected company and acquire the company’s most recent financial statements using the Internet.

Write a 700- to 1,050-word paper analyzing the disclosures contained within the notes to the financial statements related to cash and cash equivalents, receivables, and inventories. Include a list identifying the components of the organization’s cash and cash equivalents.

Format your paper consistent with APA guidelines.

(Use Microsoft Word)

Instructor comments: The SEC.gov website under the EDGAR section is the most reliable source for financial reports on US based publicly traded companies. Be sure to use the 10-K, not the 10-Q. The information for this assignment is in the notes to the financial statements and on the balance sheet. Choose a company that has all 3 elements. A substantial grade deduction will be imposed for using a company that does not have cash, accounts receivables and inventory.

Individual Assignment - Weekly...