...ACC 560 COMPLETE QUIZZES A+ Graded Tutorial Available At: http://hwsoloutions.com/?product=complete-quizzes Visit Our website: http://hwsoloutions.com/ Description: PRODUCT DESCRIPTION ACC 560 COMPLETE QUIZZES, ALL Week Quizes A++ …. CHAPTER 1 MANAGERIAL ACCOUNTING SUMMARY OF QUESTIONS BY LEARNING OBJECTIVES AND BLOOM’S TAXONOMY Item LO BT Item LO BT Item LO BT Item LO BT Item LO BT TRUE-FALSE STATEMENTS 1. 1 C 9. 2 K 17. 4 C 25. 6 C sg 33. 3 C 2. 1 K 10. 3 K 18. 4 K 26. 7 C sg 34. 4 K 3. 1 K 11. 3 K 19. 4 K 27. 7 K sg 35. 5 K 4. 1 K 12. 3 K 20. 4 K 28. 8 K sg 36. 6 K 5. 1 K 13. 3 K 21. 5 K 29. 8 K sg 37. 7 K 6. 2 K 14. 3 C 22. 5 K 30. 8 K 7. 2 C 15. 4 C 23. 5 K sg 31. 1 K 8. 2 K 16. 4 K 24. 6 K sg 32. 2 K MULTIPLE CHOICE QUESTIONS 38. 1 K 61. 2 C 84. 4 AP 107. 6 AP 130. 6 AP 39. 1 C 62. 2 K 85. 4 C 108. 6 AP 131. 6 AP 40. 1 K 63. 2 C 86. 4 C 109. 6 AP 132. 6 AP 41. 1 C 64. 3 C 87. 4 C 110. 5 AP 133. 6 AP 42. 1 K 65. 3 K 88. 4 C 111. 6 AP 134. 7 C 43. 1 C 66. 3 C 89. 4 K 112. 6 AP 135. 7 C 44. 1 K 67. 3 K 90. 4 C 113. 6 AP 136. 8 C 45. 1 C 68. 3 K 91. 4 K 114. 6 AP 137. 8 K 46. 1 C 69. 3 K 92. 5 K 115. 5 AP 138. 8 K 47. 1 K 70. 3 C 93. 5 C 116. 6 AP 139. 8 C 48. 1 K 71. 3 C 94. 5 C 117. 6 AP 140. 8 K 49. 1 K 72. 3 K 95. 5 C 118. 6 AP 141. 8 K 50. 1 K 73. 3 K 96. 5 C 119. 5 AP sg 142. 1 C 51. 1 C 74. 3 C 97. 6 AP 120. 6 AP sg 143. 2 K 52. 1 C 75. 3 K 98. 6 K 121. 6 AP sg 144. 4 K 53. 1 K 76. 3 C 99. 6 C 122. 6 AP sg 145. 4 K 54. 1 K...
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...Accounting 3000 Midterm I Prof. J Bertomeu Name: __________________________________ Student ID Number: ___________ Please write your NAME and STUDENT ID number on both the EXAM and the Answer Sheet. For your Student ID Number, use your Baruch login name, e.g., cm222222. It’s always 2 letters (usually your initials) followed by 6 numbers. This exam contains 15 multiple choice questions and 2 problems. The exam has XX pages, including this cover page. Please check to make sure that your copy includes all XX pages. Multiple Choice Questions: Answers to the multiple choice questions must be recorded in PENCIL on the answer sheet. Only the answers recorded on the answer sheet will be graded. There is no partial credit on the multiple choice questions. Problems: Show all work in the space provided for each problem. Partial credit will only be given if your work is neat, clearly labeled, and easy to follow. If I cannot read your handwriting or follow your computations, I will not award partial credit on the problems. There will be a 5 point penalty if you continue working on the exam after time is up. You must honor Baruch College’s standards regarding integrity, honesty, and cheating at all times. By signing your name below, you are acknowledging your compliance with the Baruch College Code of Academic Integrity and all policies related to it. ___________________________________________ Signature ...
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...Anthony Wataka Accounting Information Systems Information Security Management within ERP Systems Research Paper Introduction This paper will discuss research on Information Security Management (ISM) within Enterprise Resource Planning (ERP) Systems since information security continues to be a hot topic in the business world. The major focus of the paper will be threefold: an analysis of the ERP systems in the present day, a relation of these systems to the accounting and auditing world, and finally, the future of the technology, given its vast impact in the business world. Notable ERP Systems Research Key research pertinent to this paper includes the works of Grabski et al. (2011) who discuss various issues relating to the security environment, as regards the ERP systems. They talk about the risk associated with ERP systems implementation and define it as a “problem that has not occurred but has the potential to cause loss” (Grabski et al. 2011, p. 55). They mention that there is a need for ERP audit techniques, such as embedded audit modules, to control security risks (2011, p.55). This paper will utilize their research work to analyze auditing in an ERP environment by examining security risks and internal controls after ERP implementation. Additionally, Hunton et al. (2004) try to address the issue of risk associated with ERP systems, in the context of auditing (p.1-23). Hunton et al. (2004) analyze how financial auditors compare ERP systems related risks to...
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...the course grade. The Midterm Exam is multiple pages and consists of 30 multiple-choice questions, one essay question, and one problem. The multiple-choice questions are worth 3 points each. Some of the multiple choice questions are problem-based. There is also one essay question worth 25 points and one problem worth 35 points. Terminal Course Objectives A, B, C, D, and E are all addressed on this exam. For the multiple choice questions worth 90 points, you should know: 1. Know what information is desired by external users of financial statements 2. Know about operating activities, investing activities, and financing activities 3. Be able to calculate net cash provided by operating activities in a simple situation (by identifying which activities are operating activities) 4. Know the definitions of asset, liability, equity, revenue, and expense 5. Know what items appear under each classification in the balance sheet 6. Know how to compute Earnings per Share 7. Know the composition of a Retained Earnings statement 8. Know about a ledger account, its different parts, the rules of debit and credit, and the meaning of the term normal balance of an account 9. Know about revenue recognition principle, matching principle, and time-period assumption 10. Know the computation net income under accrual accounting (revenues - expenses) 11. Know the meaning and purpose of adjusting entries, and the different types of adjusting entries 12...
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...the course grade. The Midterm Exam is multiple pages and consists of 30 multiple-choice questions, one essay question, and one problem. The multiple-choice questions are worth 3 points each. Some of the multiple choice questions are problem-based. There is also one essay question worth 25 points and one problem worth 35 points. Terminal Course Objectives A, B, C, D, and E are all addressed on this exam. For the multiple choice questions worth 90 points, you should know: 1. Know what information is desired by external users of financial statements 2. Know about operating activities, investing activities, and financing activities 3. Be able to calculate net cash provided by operating activities in a simple situation (by identifying which activities are operating activities) 4. Know the definitions of asset, liability, equity, revenue, and expense 5. Know what items appear under each classification in the balance sheet 6. Know how to compute Earnings per Share 7. Know the composition of a Retained Earnings statement 8. Know about a ledger account, its different parts, the rules of debit and credit, and the meaning of the term normal balance of an account 9. Know about revenue recognition principle, matching principle, and time-period assumption 10. Know the computation net income under accrual accounting (revenues - expenses) 11. Know the meaning and purpose of adjusting entries, and the different types of adjusting entries 12...
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...CHAPTER 9: Accounting for receivables ANSWERS TO QUESTIONS 1. Accounts receivable are amounts owed by customers on account. They result from the sale of goods and services in the normal course of business operations (i.e. in trade). Notes receivable represent claims that are evidenced by formal instruments of credit. 4. The essential features of the allowance method of accounting for impairment of receivables are: (1) Impaired accounts receivable are estimated and matched against revenue in the same accounting period in which the revenue occurred. (2) Estimated uncollectables are debited to Bad Debts Expense and credited to Allowance for Impairment through an adjusting entry at the end of each period. (3) Actual uncollectables are debited to Allowance for Impairment and credited to Accounts Receivable at the time the specific account is written off. 9. From its own credit cards, the Virgil Ltd may realise financing charges from customers who do not pay the balance due within a specified grace period. National credit cards offer the following advantages: (1) The credit card issuer makes the credit card investigation of the customer. (2) The issuer maintains individual customer accounts. (3) The issuer undertakes the collection process and absorbs any losses from uncollectable accounts. (4) The retailer receives cash more quickly from the credit card issuer than it would from individual...
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...five points each and six essays worth 30 points. Some of the multiple-choice questions are problem-based. Of the six essays, five of the essays are problem-based since this is an Accounting course. Terminal Course Objectives A, B, C, D, E, F, and G are all addressed on this exam. You should review the following concepts for this exam. For the multiple choice questions worth a total of 70 points, you should know: 1. The characteristics of the corporate form of business. 2. About the term "cash dividend". 3. Which accounts have debit or credit balances. 4. The difference between cash-basis versus accrual-basis of accounting. 5. The meaning and implications of using FIFO, LIFO, and weighted average cost-flow assumptions. 6. How to calculate depreciation using the straight-line method. 7. The journal entry for the issuance of bonds (at par, discount, or premium) and for the issuance of stock (at par or above par). 8. How to determine the market value of a bond. 9. The various adjustments that are made to net income in arriving at net cash flow from operating activities. 10. The different tools of financial statement analysis, and how each tool is used, as well as the different names for certain tools of analysis. 11. The different ratios, why/how those ratios are used, and which external user is interested in a certain ratio. For the problem-based essay questions worth a total of 150 points, you should know: 1. How to calculate...
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...five points each and six essays worth 30 points. Some of the multiple-choice questions are problem-based. Of the six essays, five of the essays are problem-based since this is an Accounting course. Terminal Course Objectives A, B, C, D, E, F, and G are all addressed on this exam. You should review the following concepts for this exam. For the multiple choice questions worth a total of 70 points, you should know: 1. The characteristics of the corporate form of business. 2. About the term "cash dividend". 3. Which accounts have debit or credit balances. 4. The difference between cash-basis versus accrual-basis of accounting. 5. The meaning and implications of using FIFO, LIFO, and weighted average cost-flow assumptions. 6. How to calculate depreciation using the straight-line method. 7. The journal entry for the issuance of bonds (at par, discount, or premium) and for the issuance of stock (at par or above par). 8. How to determine the market value of a bond. 9. The various adjustments that are made to net income in arriving at net cash flow from operating activities. 10. The different tools of financial statement analysis, and how each tool is used, as well as the different names for certain tools of analysis. 11. The different ratios, why/how those ratios are used, and which external user is interested in a certain ratio. For the problem-based essay questions worth a total of 150 points, you should know: 1. How to calculate...
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...Exercise E3-2 On numerous occasions, proposals have surfaced to put the federal government on the accrual basis of accounting. This is no small issue. If this basis were used, it would mean that billions in unrecorded liabilities would have to be booked, and the federal deficit would increase substantially. Instructions (a) What is the difference between accrual-basis accounting and cash-basis accounting? (b) Why would politicians prefer the cash basis over the accrual basis? (c) Write a letter to your senator explaining why the federal government should adopt the accrual basis of accounting. a. The difference between accrual-basis accounting and cash-basis accounting is under the accrual basis, companies record transactions in the periods in which the events occur. Using the accrual basis to determine net income means companies recognize revenues when earned rather than when they receive cash. It also means recognizing expenses when incurred rather than when paid. When using the cash-basis, companies record revenue when they receive cash and an expense when they pay cash. a. Politicians prefer the cash-basis over the accrual-basis because it would mean that billions in unrecorded liabilities would have to be booked, and the federal deficit would increase substantially. The budget deficit's main shortcoming is that it is calculated on the basis of cash flow, rather than economic accrual. Letter: Dear Senator, I am a constituent in your parish and...
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...1. *** Student status will be cleared by Sunday, check through VUES. If not then contact Office of Records immediately 2. The graduate who has not submitted Convocation Attendance form will not be allowed to attend the ceremony. Last date of Convocation Attendance from submission through VUES is 29th January 2014 14th Convocation List Sl No 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 StudentID 07-08853-2 07-09636-3 08-10028-1 08-10981-2 08-11330-2 08-11847-2 08-12581-3 09-12751-1 09-12759-1 09-12840-1 09-13192-1 09-13342-1 09-13659-1 09-13712-2 09-13766-2 09-14080-2 09-14178-2 09-14201-2 09-14257-2 09-14333-2 09-14614-3 09-14892-3 10-15331-1 10-15355-1 10-15439-1 10-15477-1 10-15679-1 10-15681-1 10-15697-1 10-15741-1 10-15860-1 10-15891-1 10-15892-1 10-15898-1 10-15961-1 10-15972-1 10-16024-1 10-16108-1 10-16132-1 10-16179-1 10-16184-1 10-16218-1 Name MD TAIF KAMAL RIFATH MASUD ADIBA TASMIM HAQUE MD. TAIMUR HASAN TANIA CHISTY MOHAMMAD RASHED MOLLA SUPRITI SARKAR MOHAMMAD INZAMAMUL HAQUE MD. MAHABUBUR RAHMAN SUMAIYA KHANDAKER SABRINA ALAM ATIA SHARMIN TANIA SHUKLA REZA MUHAMMED IBRAHIM SAGIR TANZINA HAQUE FERDAUSH HASAN SUNNY MD HARUN OR ROSHID Dewan Mehedy Sultan MD. KAIFUL WARA S.M. ARAFATH HOSSIN TABASSUM ISLAM MD NADIM HOSSAIN SHAMSOONNAHAR KHUKU GOLAM MAWLA SHARMIN JAHAN MOURI TAMANNA YASMIN JENIFARA ZAMAN TAZRIAN NUSRAT SUAIBUN ALLO TANIMA AHMED ABIDA TASNIM MD. MOAZZAM HOSSAN MD. OMAR FARUQ FARJANA...
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...ACCOUNTING 5130 SPRING 2016 (8 WEEK) SYLLABUS AND COURSE OUTLINE INSTRUCTOR: Peggy Jimenez, PhD, CPA OFFICE: BLB 329L EMAIL: Peggy.Jimenez@unt.edu (do not email me via Blackboard). I generally respond to student e-mails within 24 hours Monday-Friday. PHONE: 940-369-3093 OFFICE HOURS: Mondays 10:30am-12:00PM and by appointment. During these times I will be in my office and you are welcome to stop by with questions or concerns. If it is more convenient, I can also discuss via e-mail, online chat, or telephone during these times; please arrange alternative meetings in advance. If you would like to meet but cannot make it to office hours please e-mail me to arrange an appointment. REQUIRED MATERIALS: Managerial Accounting by Hilton. 10th Edition. Published by McGraw Hill. McGraw-Hill Connect Accounting (Hereafter Connect; needed to complete homework, quizzes, and midterm exams; purchased online at Connect site or obtained with purchase of a new textbook) You can purchase a textbook in the UNT bookstore, rent a textbook, purchase a used book through some other source, or purchase an eText or loose leaf version of the book on the Connect website Here is the Connect accounting site for our course: http://connect.mheducation.com/class/p-jimenez-acct5130_spring2016 COURSE PREREQUISITE: ACCT 5020, ECON 5000, DSCI 5010. MATH 1190 or MATH 1400 or MATH 1710. This course cannot be taken for credit by students seeking a BS or MS in accounting. CATALOG DESCRIPTION: Designed...
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...Open Journal of Accounting, 2013, 2, 8-15 http://dx.doi.org/10.4236/ojacct.2013.21003 Published Online January 2013 (http://www.scirp.org/journal/ojacct) Sarbanes-Oxley and the Accounting Profession: Public Interest Implications Sara Ann Reiter1, Paul F. Williams2 2 1 Binghamton University, Binghamton, USA North Carolina State University, Raleigh, USA Email: sreiter@binghamton.edu Received October 31, 2012; revised December 1, 2012; accepted December 12, 2012 ABSTRACT The US accounting profession was caught up in, and some say responsible for, the whirlwind of accounting and business scandals that rocked the US markets in 2002. To restore investor confidence in financial information, the Sarbanes-Oxley Act created a new Public Company Accounting Oversight Board with the authority to set standards for auditors of publicly traded companies, thus ending a century of professional regulation of auditing. In this analysis we employ sociological theories of professionalism [1-4] to help understand the implications of the Sarbanes-Oxley legislation for the accounting profession and for the public interest. We explain why professional self-regulation is important for retaining valuable economic franchises. We also explain why the public interest orientation of the profession is important and how government take-over of auditing standards potentially erodes the public accounting profession’s commitment to the public interest. Self-control over professional work, a key characteristic...
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...Corporation is the nation’s largest provider of inpatient rehabilitative healthcare services1; it was founded in 1984 by Richard M Scrushy along with four other people as Amcare, Inc., it opened its first facility in Little Rock Arkansas and another one a year later in Birmingham Alabama. In 1986 the company went public and was listed on the NASDAQ Stock Exchange under ticker symbol HSRC. Throughout the 1980’s and 1990’s the company expanded rapidly through mergers and acquisitions. By 1992 the company had $400 Million in annual revenues and by the end of 1999 the company’s annual revenues exceed $1 Billion and it had expanded to 118 inpatient rehabilitation hospitals, 5 medical centers, 1,379 outpatient rehabilitation centers, 230 surgery centers, 129 diagnostic centers and 124 occupational medicine centers.2 HealthSouth has always participated actively in the Medicare program and they’ve received Medicare reimbursements since the eighties and nineties, to extent that over 40% of their revenues came from the Medicare program and beneficiaries in that time period, and in their more recent filings this percentage has increased to a whopping 70% in 2010.3-4 HealthSouth’s stock trades on the New York Stock Exchange (NYSE) under the ticker symbol HLS, with a December 9, 2011 closing price of $16.94, a market capitalization of roughly $1.61 Billion. In 2010 their revenues were $1.99 Billion and their Net Income $899 Million.5 From 1996 to 2002 CEO Richard M. Scrushy received approximately...
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...IS3220 Final Exam Review 1. What can you detect by analyzing a data packet? Policy violations and possible network vulnerabilities 2. NetWitness Investigator works how? Real Time 3. What is used by TCP to establish a session between two systems? Three way handshake 4. Which of the following protocols is a connection-oriented protocol that operates at the transport layer of the OSI model and supports reliable connections? TCP 5. Promiscuous mode is most commonly associated with_____________? NIC 6. What are the primary objectives of information security? CIA 7. Personnel should be authenticated and authorized prior to being granted access to company’s information resources. This statement is an example of ________________? Policy 8. What security group is responsible for managing network vulnerabilities and threats? IT Security Staff 9. What network component filters traffic between nodes? Firewall 10. What is the most important consideration when designing a network? Usage 11. What is usually the first activity in the hacking process? Reconnaissance 12. What type of attack might a hacker offer as a service? Spam 13. Which of the IT domains is most vulnerable to social engineering? User Domain 14. What type of attack can result in arbitrary code execution with system-level privileges? Buffer Overflow 15. Name three social engineering techniques? Phishing, Impersonation, Reciprocity, ALL OF THE ABOVE 16. Which domain marks the boundary...
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...European Journal of Accounting, Auditing and Finance Research Vol.4, No.7, pp.23-42, July 2016 ___Published by European Centre for Research Training and Development UK (www.eajournals.org) EFFICIENCY AND ACCOUNTABILITY OF PUBLIC SECTOR REVENUE AND EXPENDITURE IN NIGERIA (1970-2014) Omodero Cordelia Onyinyechi and Prof. M.C. Okafor 1 Doctoral Student of Accounting, Micheal Okpara University of Agriculture, Umudike, Umuahia, Abia State, Nigeria. 2 Department of Accounting, Micheal Okpara University of Agriculture, Umudike, Umuahia, Abia State, Nigeria. ABSTRACT: Nigeria is the sixth largest producer of oil and gas in the world, but the average Nigerian on the street is poor and there is poor infrastructure like power supply, roads, hospitals etc. This study examines the efficiency and accountability of public sector revenue and expenditure in Nigeria (1970-2014). Data on total federal government revenue and expenditure, state governments’ revenue and expenditure were collected from Statistical bulletin from the Central Bank of Nigeria from 1970-2014. The results were analysed using relevant statistical tools. The findings reveals that the level of accountability is very poor in Nigeria because the attributes of accessibility, comprehensiveness, relevance, quality, reliability and timely disclosure of financial information, social and political information about government activities are completely non available or partially available for the citizens to assess the performance...
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