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BA 510 Week 8 FINAL

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 BA 510 Week 8 FINAL

.Discussion: Balanced Scorecards

– Why does the balanced scored card include financial perform measures as well as measures of how well internal processes are doing?

Select 1 and write 1 -1/2 page

EXERCISE: 1 Perform an Internet search using the term:

Flexible budgets Locate an Article (less than 1 year old) Write a brief 3 – 5 paragraph.

Flexible Budget – it include formulas that adjust expenses based on changes in actual revenue or other activities. It calculates different expenditure levels for variable costs, depending upon changes in actual revenue.

Advantages:

It is a good tool for evaluating the performance of managers. It is planning tool

Disadvantages:

Many cost are not fully variable, instead having affixed cost component that must be derived and then included in the flex budget formula. Great deal of time are spent developing step costs, which is more time than the typical accounting staff has available, especially when the midst of creating the mmore..

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BA 265 Final Exam Solution

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 BA 265 Final Exam Solution

1.The U.S. Citizenship and Immigration Service issues a rule. Like the rules of other federal administrative agencies, this rule is compiled in

2.A contract that by its own terms cannot be performed within a year must be in writing to be enforceable.

3.The term cure refers to the right of the seller to adjust or replace nonconforming goods.

4.Parker, a salesperson for Quality Textiles, Inc., shows Rosa, a fabric buyer for Style Clothing Company, samples of cloth, stating that any shipment will match the samples. This statement is

5.To obtain a contract with the Chinese government, Digby Engineering Corporation a U.S. firm, gives a Chinese official a sport utility vehicle. This may violate

6.The basic purpose of antitrust law is to regulate economic competition. 7.Chiang Ltd., a Chinese firm, imports its goods into the United States and offers those goods for sale at “less than fair value.” This is

8.The United States and other members of a certain organization agree to grant normal trade relations status on each other with regard to imports and exports. This organization is

9.State and local agency actions prevail over federal agency operations.

10.Congress can create a new federal administrative agency.

11.Superior Sign Company is subject to the Fair Labor Standards Act (FLSA). The FLSA is not concerned with

12.An employer who hires and fires workers according to a fair seniority system may have a good defense to an employment discrimination suit.

13.Mona and Nero want to discharge their contract by executing and performing a new agreement. They can best accomplish this by

14.The Securities and Exchange Commission decides to create a new rule relating to the dissemination of material nonpublic information through corporate Web sites. The first step is

15.Rolling Transport & Storage Corporation wants to insure its warehouse to obtain the maximum possible recovery for the lowest possible premium. To obtain the maximum recovery under a coinsurance clause, the percentage of the value of the property that should be insured is

16.Michelle gives out a business card with an e-mail address on it. It is reasonable to infer that Michelle has consented to

17.Gulf Air, Inc., is the major wholesale distributor of software in the state of Florida. Its closest competitor is Fluid Systems Company, another Florida firm. The two firms agree that Gulf Air will operate in south Florida and Fluid Systems will operate in north Florida. This is

18.All rights can be assigned.

19.Optima Medico Corporation, a U.S. firm, signs a contract with Pharma Beneficial, Ltd., a Canadian firm, to give Pharma the right to sell Optima’s products in Canada. This is

20.Cory employs Daily Delivery Agency as an agent under a written agreement that describes the rights and duties of both parties. This is

21.A signature can consist of initials signed by a party.

22The payment of Eden’s debt to Flem is guaranteed by Eden’s personal property. This property is

23.Home Delivery Corporation and Interstate Transport, Inc., sign an agree¬ment that provides for the payment of “$1,000 by whichever party commits a material breach of the contract that creates damages difficult to esti¬mate but approximately $1,000.” This is

24.The brakes on a River Valley Railroad train malfunction and it rolls towards maintenance workers on the tracks. Everyone gets out of the way except Dick, who wants to show off. The train hits Dick, who sues Stops-it, Inc., the brakes’ manufacturer. Stops-it can raise the defense of

25.A click-on agreement is an agreement whose terms are expressed inside a box in which the goods are packaged.

26.If a lessor’s tender of delivery fails to conform to a contract in any way, the lessee can reject the goods.

27.Article 2 of the UCC governs contracts for sales of goods.

28.National Ladder Company is subject to regulations issued by the Occupational Safety and Health Administration (OSHA). Like other federal administrative agencies, the OSHA was created by

29.Fun-E Products, Inc., makes and sells toys. The government agency that has the authority to remove a potentially hazardous toy from the market is

30.Midwest Agri-Products Corporation offers to sell its sugar substitute to Nice Candies, Inc., only if Nice Candies agrees to buy all the corn it needs from Midwest Agri-Products, even though there are other corn sellers from whom Nice Candies could buy. This is

31.The Uniform Commercial Code governs checks.

32.An agent is authorized to act on behalf of a principal in doing business with third parties.

33.Khali’s debt to Lew is past due. Lew obtains a judgment against Khali to collect the debt, but Khali refuses to pay. Lew asks the court to order Khali’s employer to pay a portion of Khali’s paycheck to Lew. This is a request for

34.A price-fixing agreement that is reasonable does not violate antitrust law.

35.Retail Sales Company and Standard Purchasing Corporation enter into a contract for a sale of goods. To be enforceable, the contract should be in writing if the goods are valued at more than

36.A failure to exercise reasonable care is negligence.

37.The United States taxes each barrel of imported oil at a flat rate. This is

38.The test for whether an advertisement is deceptive is whether a reasonable consumer would be deceived.

39.ABC Motors, Inc., sells to Matt the right to the possession and use of a motor vehicle under a lease. As defined in the UCC, ABC is

40.Accidental destruction of a negotiable instrument cancels it.

41.The rights and duties of a bank and its customer are contractual.

42.Ron makes a contract with Stu that indirectly benefits Tim, although neither Ron nor Stu intended that result. Tim is

43.North Mining Company and South Excavation Company agree to abide by the decisions of East Coast Financial Corporation as to their respective levels of production, markets, and prices, effectively reducing competition and increasing profits. This is most likely

44.Quality Watches, Inc., ships an assortment of timepieces to Retail Jewelers, Inc., which agrees to pay for items that are not returned within six months. This is

45.Hu believes that he is a victim of a form of employment discrimination that falls under Title VII of the Civil Rights Act. Compliance with this statute is monitored by

46.Randy and Beach Biz Company enter into an oral contract under which Randy agrees to clean Beach Biz’s office for two years. This contract is enforceable by

47.Labor Recruiters, Inc., has been ordered to appear at a hearing before an administrative law judge of the National Labor Relations Board. A significant difference between a trial and an administrative hearing is that

48.“Major medical” and “marine” insurance are military policies.

49.Karen writes on a piece of paper, “I owe you $600,” signs it, and gives it to Lou. This instrument is

50.Compensatory damages are foreseeable damages that arise from a party’s breach of a contract.

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Assignment 3: IT Support for Virtual Teams

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 Assignment 3: IT Support for Virtual Teams

Due Week 6 and worth 100 points

Global organizations have branches that are located in multiple countries. Some of these organizations develop software and take advantage of the global talent pool of software developers while others have global technical support teams, customer service, and so on. Virtual teams are created when two or more people work together from different locations, organizations, times zone, and / or time shifts. Global organizations use virtual teams in order to provide global support, reduce travel costs, reduce training costs, and take advantage of local cultural knowledge that may impact the organization’s operations.

Write a two to three (2-3) page paper in which you:

1. Examine five (5) issues that the IT department is likely to face when it comes to supporting virtual teams.

2. Create an architectural diagram that shows how the virtual teams would collaborate and access common repositories for documents, software, development, and testing facilities. Use Visio or an equivalent such as Dia. Note: The graphically depicted solution is not included in the required page length.

3. Describe five (5) advantages and five (5) disadvantages of using virtual teams for the organizations described in the scenario.

4. Describe challenges imposed by:

a. IT / IS national standards and propose how they could be handled or resolved.

b. protocols and propose how they could be handled or resolved. c. procedures on virtual teams and propose how they could be handled or resolved.

5. Compare and contrast virtual teams and traditional teams with respect to communications, technology use, and team diversity.

6. Use at least three (3) quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality resources.

Your assignment must follow these formatting requirements:

Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions. Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length. Include charts or diagrams created in Visio or an equivalent such as Dia. The completed diagrams / charts must be imported into the Word document before the paper is submitted.

The specific course learning outcomes associated with this assignment are: Describe the process of administering enterprise systems, including the use of virtualization and monitoring, power and cooling issues. Use technology and information resources to research issues in enterprise architecture. Write clearly and concisely about enterprise architecture topics using proper writing mechanics and technical style conventions.

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ANT 101 Complete Course Material

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 ANT 101 Complete Course Material

ANT 101 Week 1 DQ 1 Cultural Relativism

Cultural Relativism. Cultural Anthropology gives three distinct meanings of cultural relativism: a moral stance that requires anthropologists to suspend moral and ethical judgments when interacting with a culture different from their own, a methodological strategy that allows the anthropologist to pay specific attention to the uniqueness of a culture, and an epistemological position that cultures are unique and therefore knowledge about different cultures is almost inherently not comparable. (Sec. 1.3).

In your forum contribution:

a. Discuss what you see as the strengths and weaknesses of each of these three kinds of relativism.

b. Identify one belief or practice in another culture that you find puzzling, strange, or troubling, and then discuss the extent that cultural relativism is a useful approach to understanding and interacting with the people who hold it.

c. Discuss the extent that cultural relativism would be a useful approach to understanding and interacting with people in your own society that did (or do) the same.

d. Explore the extent to which whether one is studying in one’s own country or in another makes a difference in the applicability of cultural relativism to one’s research.

Your initial response should be at least 150 words in length. Build on the ideas and terminology in the text and your own ideas to support your answers. Please support your claims with examples from the text, required and recommended material, and/or scholarly articles. Respond to at least two of your classmates’ posts by Day 7.

ANT 101 Week 1 DQ 2 Studying Culture

Studying Culture. Choose one of the “Consider This” boxes that Nowak and Laird present us with in Chapters 1 and 2 of Cultural Anthropology, or discuss the topics below from the film Margaret Mead: Coming of Age, available in the Films On Demand database, in the Ashford Online Library.

The topics covered are:

a. Whether the UN’s Universal Declaration of Human Rights should be applicable to all cultures

b. Whether it is possible to truly view a culture without being influenced by the cultural constructs of our own culture

c. How our understanding of what it means to be a patient in the United States reflects our different cultural backgrounds and affiliations

d. In the film Margaret Mead: Coming of Age, it is mentioned that Mead’s initial research was criticized on methodological grounds. Why was that? Do you consider the criticism warranted or not warranted? What could she have done differently?

e. Based on the film and the book, discuss the challenges of field work. What do you think would be the most difficult? What has changed since the time of Mead?

Clearly identify the topic you choose at the outset of your discussion, and answer all aspects of it thoroughly. Your answer should contain a balance of descriptive detail and cultural analysis. Build on the ideas and terminology in the text and your own ideas to support your answers. Include examples or information from the film in any question answer as you see fit. Your initial response should be at least 150 words in length. Respond to at least two of your classmates’ postings by Day 7.

ANT 101 Week 2 DQ 1 Foraging Societies

Foraging Societies. Answer one of the following four questions posed by Nowak and Laird, in Cultural Anthropology, at the very end of Chapter 3:

a. What can we learn from studying foraging societies? Is there anything we can learn regarding our relationship to the environment, or our family members, for example?

b. What is the ethnographic present? Do you think that the use of the ethnographic present in the film The Gods Must Be Crazy is appropriate, or do you think Lee’s criticisms are valid?

c. Do you think the view of many anthropologists (pre–1970s) that men’s hunting activities are more highly valued than women’s gathering activities is a culturally biased perspective based on Eurocentric notions that men are the family “breadwinners”? Do you think this view is outdated (based both on more recent ethnographic information and changes in American culture)?

d. An Inuit mother has just given birth to a baby. She has a one–year–old baby still dependent on her milk. It is the season of food scarcity, which means the mother is not as well nourished as she could be. She and her husband decide that their older child is a higher priority, and they opt to end their newborn baby’s life. Considering the concepts of ethnocentrism and cultural relativism, discuss the practice of infanticide.

Clearly identify the topic you chose at the outset of your discussion. Answer the question posed thoroughly and thoughtfully by building on the ideas and terminology in the text and your own ideas to support your answers. Your initial response should be at least 150 words in length. Respond to at least two of your classmates’ posts by Day 7.

ANT 101 Week 2 DQ 2 Economic Concerns

Economic Concerns. You have two choices for this discussion.

a. Choose one of the following questions raised by Nowak and Laird in their “Consider This” boxes, in Chapter 4, of Cultural Anthropology. Be sure to indicate at the outset which question you are answering. Read the original question and relevant information in Chapter 4 before answering the question you choose. Your answer should give clear examples, include cross-cultural comparison, and demonstrate critical thinking and analysis. Build on the ideas and terminology in the text and your own ideas to support your answers.

i. What is the traditional sexual division of labor in American culture? Is it undergoing a transformation? Among Btsisi’, women and men are respected for the tasks they perform. Do you think this is the case in the United States?

ii. How does the location of your home, and the concentration of the population within a particular area, relate to your mode of production? Has this changed in our North American culture over time? Can you predict a time when, as a society, where we live will not be dictated by our modes of production?

iii. Kinship systems in horticultural-based societies provide support for people in all stages of life. With the current mobility of global populations we find ourselves increasingly geographically distant from parents and grandparents. How do we as members of a highly mobile and diverse society compensate for the lack of accessible kin?

b. Now that you have learned about different types of reciprocity, watch Video Reciprocity and answer the following question about web reciprocity: To what extent are they similar to and different from the examples on reciprocity given in Chapter 4?

Use terms and examples from the discussion on reciprocity in Chapter 4 to critically evaluate the various perspectives on reciprocity highlighted in the video. Give your own opinion about the principles of reciprocity that should guide web interactions in general and video channel interactions in particular.

Your initial response should be at least 150 words in length. Please support your claims with examples from the text, required and recommended material, and/or scholarly articles. Respond to at least two of your classmates’ posts by Day 7.

ANT 101 Week 2 Critical Thinking Paper

Assignments

1. Due by Day 7. Critical Thinking Paper – Kinship Organizations. Kinship systems in Foraging and Horticultural based societies provide support for people in all stages of their life. Address the following in a two- to three-page paper:

a. Identify and describe the kinship system of one of the cultures listed below. These cultures are found in Chapters 3 and 4 of Cultural Anthropology.

§ Australian Aborigines

§Btsisi

§ Inuit of the Artic

§ Iroquois

§ San

§Yanomamo

b. Briefly describe the culture and identify three specific examples of how the kinship system of the chosen culture impacts the way this culture behaves (i.e. thinks, acts, lives).

c. Compare this to your own society. Does kinship impact these same behaviors in your own life? Why or why not?

Your paper must be in APA format. For information regarding APA samples and tutorials, visit the Ashford Writing Center, within the Learning Resources tab on the left navigation toolbar, in your online course.

ANT 101 Week 3 DQ 1 Social Organization

Social Organization. Watch Blood Bonds, available in the Films On Demand database, in the Ashford Online Library. Describe the correlation between arranged marriage, economic exchanges surrounding marriage (bridewealth, bride service, dowry, etc.), status of women, family pressures, and other factors you can think of and the stability of marriage. Based on your reading of the textbook and the film, what are the disadvantages of different forms of marriages? Do you think they can be as successful as marriages of choice? Which form of marriage do you have the hardest time understanding?

Reflect on marriage and divorce in current North American societies. What factors contribute to the stability of marriages in our culture? What factors contribute to stability of marriage in the cultures shown in the film? And lastly, what factors of the cultures in the film could contribute to the stability of marriage in our culture? And vise versa? Your initial response should be at least 150 words in length. Please support your claims with examples from the required resources. Respond to at least two of your classmates’ posts by Day 7.

ANT 101 Week 3 DQ 2 Doing Business with Family

Doing Business with Family. Nowak and Laird’s Applying Anthropology 6.2 box, in Cultural Anthropology, proposes the following question:

The familiar saying “never do business with family” advises against the practices used in many of the chiefdom societies discussed in this chapter. This old saying implies that doing business with family will create conflict, whereas chiefdom societies welcome and encourage such close-knit economic exchanges as a way of preventing conflict. In fact, in an interesting article on family businesses, Bertrand and Schoar comment on how cultures based on strong family ties can have a negative impact on economic development. The reasoning is that the more we are taught to count on our kinship and family ties, the less likely we are to trust those outside our family networks, which greatly prohibits the development of larger economic institutions…

Consider both examples and create an argument for or against mixing business with family. When responding to this question, be sure to engage in cross-cultural comparison, taking into consideration variation in subsistence systems, descent systems, mobility, and any other factors you consider pertinent. Draw examples from the ethnographic record, your own experience, and the experience of others with whom you are familiar. Your initial response should be at least 150 words in length. Please support your claims with examples from the text, recommended material, and/or scholarly articles. Respond to at least two of your classmates’ posts by Day 7.

ANT 101 Week 3 Rough Draft of Final Cultural Research Paper/

Assignments

1. Due by Day 7. Rough Draft of Final Cultural Research Paper. To ensure that you are properly prepared for your Final Cultural Research Paper in this course, you must complete a draft/outline that includes:

a. A culture from the list below:

§ Basseri of Iran

§ The Batek of Malaysia

§ Enga

§ The Amish

§ Huaorani of Ecuador

§ Bedouin

§ Zulu

§ Kurds

§ Maori

§ Mbuti

§ Nayar of India

§ Semai

§ Navajo

§ Tikopia of Melanesia

b. Three scholarly research journals, ethnographies and ethnologies to be used as the primary sources of information.

c. Identification of the chosen cultures primary mode of subsistence. (Foragers, Horticulturalists, Pastoralists, Emerging Agriculturalists, Agrarian States or Industrialists)

d. Identification of the three aspects of culture which will be used in the Final Cultural Research Paper from the list below:

§ Beliefs and values

§ Economic organization

§ Gender relations

§ Kinship

§ Political organization

§ Sickness and healing

§ Social change

§ Social organization

The above information should be presented in an outline and must include an introductory paragraph with a succinct thesis and a properly formatted reference page. Do not submit a full seven- to eight-page draft at this time!

Your paper must be in APA format. For information regarding APA samples and tutorials, visit the Ashford Writing Center, within the Learning Resources tab on the left navigation toolbar, in your online course.

ANT 101 Week 4 DQ 1 Monumental Architecture

Monumental Architecture. What does monumental architecture imply about the cultural values and the socio-economic-political organization of the society that created it?

Do a bit of Internet research on religious or secular monuments, statues, and architectural wonders in your city, state, country, or internationally. Choose a monument (or set of monuments), describe its main features, discuss any symbolism it has, and analyze the messages it sends to its intended audience(s). Provide a link to an image of the monument itself for the rest of us to see.

Bring in what you have read on leadership and political and religious organization in band, tribes, and states up to now in developing your answer. Build on the ideas and terminology in the text and your own ideas to support your claims. Your initial response should be at least 150 words in length. Respond to at least two of your classmates’ posts by Day 7.

ANT 101 Week 4 DQ 2 Economy and Colonialism

Economy and Colonialism. Relate what you have read in Chapter 8, of Cultural Anthropology, regarding colonialism and the expansion of capitalism in modern industrial societies to the article, “Marketers Pursue the Shallow Pocketed.” Is the information being discussed in this article another example of colonialism? Why or why not? Identify two potential positives and two negatives direct marketing of the poor has on people and their economies. What theory of development is most applicable to the expansion of global markets to poor, low income, and indigenous communities?

Your initial response should be at least 150 words in length. Please support your claims with examples from the text, required material, and/or scholarly articles. Respond to at least two of your classmates’ posts by Day 7

ANT 101 Week 5 DQ 1

As noted, anthropology’s work with the military over the years has been wrought with controversy. Where do you stand on the issue regarding the use of anthropologists in intelligence gathering for the military?

ANT 101 Week 5 DQ 2 Anthropology and Your Future:

Anthropology and the Future. Watch Winners and Losers, available in the Films On Demand database, in the Ashford Online Library. Which issues are most urgent in our world today? Are they the same in the US as in the developing world? Where will the application of an anthropological perspective be most effective? Your initial response should be at least 150 words in length. Please support your claims with examples from the text, recommended material, and/or scholarly articles. Respond to at least two of your classmates’ posts by Day 7.

ANT 101 Week 5 Final Cultural Research Paper

Focus of the Research Paper:

Throughout this course, we have learned that the primary mode of subsistence (how a culture makes a living) impacts many other aspects of cultural behavior and has been an effective way to organize thoughts and studies about culture. In order to demonstrate your understanding of subsistence modes and its impact on a culture and why a culture acts as it does, your Research Paper will require you to:

1. Select a specific culture from the following list:

a. Basseri of Iran

b. The Batek of Malaysia

c. Enga

d. The Amish

e. Huaorani of Ecuador

f. Bedouin

g. Zulu

h. Kurds

i. Maori

j. Mbuti

k. Nayar of India

l. Semai

m. Navajo

n. Tikopia of Melanesia

2. Research this culture using the Ashford University Online Library. Please identify and use a minimum of three scholarly articles from the library in addition to the text your research. Keep in mind that most anthropological research, whether article length or book length, is either an ethnography or an ethnology. You may use any combination of ethnographies or ethnologies in your paper.

3. Write a seven to eight page long research paper that does the following:

a. Identifies and classifies the selected culture’s primary mode of subsistence. ( Foragers, Horticulturalists, Pastoralists, Emerging Agriculturalists, Agrarian States, or Industrialists)

b. Analyzes and evaluates the impact that the primary mode of subsistence of the selected culture has on at least three of the following aspects of culture:

i. Beliefs and values

ii. Economic organization

iii. Gender relations

iv. Kinship

v. Political organization

vi. Sickness and healing

vii. Social change

viii. Social organization

The Research Paper must be formatted according to APA style and include a title and a reference page (which does not count towards the page length). For information regarding APA samples and tutorials, visit the Ashford Writing Center, within the Learning Resources tab on the left navigation toolbar, in your online course.

In Week Three, you are required to submit an introductory paragraph, thesis statement, an outline, and your properly formatted reference page with the required sources identified. At that point, you should have chosen your culture and identified its primary mode of subsistence.

Writing the Research Paper

The Research Paper:

1. Must be seven to eight double-spaced pages in length, and formatted according to APA style as outlined in the Ashford Writing Center.

2. Must include a title page with the following:

a. Title of paper

b. Student’s name

c. Course name and number

d. Instructor’s name

e. Date submitted

3. Must begin with an introductory paragraph that has a succinct thesis statement.

4. Must address the topic of the paper with critical thought.

5. Must end with a conclusion that reaffirms your thesis.

6. Must use at least three scholarly sources from the Ashford Online Library.

7. Must document all sources in APA style, as outlined in the Ashford Writing Center.

8. Must include a separate reference page, formatted according to APA style as outlined in the Ashford Writing Center.

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AJS 582 Entire Course

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 AJS 582 Entire Course

AJS 582 Week 1 DQ1

AJS 582 Week 1 DQ 2

AJS 582 Week 1 Individual Assignment Criminal Justice Policy Process Paper

AJS 582 Week 2 DQ1

AJS 582 Week 2 DQ 2

AJS 582 Week 2 DQ3

AJS 582 Week 2 Individual Assignment Criminal Justice Policy-Making Matrix and Paper

AJS 582 Week 3 DQ1

AJS 582 Week 3 DQ2

AJS 582 Week 3 DQ3

AJS 582 Week 3 Learning Team Assignment Public Opinion Poll and Paper

AJS 582 Week 4 DQ1

AJS 582 Week 4 DQ2

AJS 582 Week 4 DQ3

AJS 582 Week 4 Individual Assignment Policing Policies Analysis

AJS 582 Week 5 DQ1

AJS 582 Week 5 DQ2

AJS 582 Week 5 DQ3

AJS 582 Week 5 Individual Assignment Sentencing Policies Analysis

AJS 582 Week 6 DQ1

AJS 582 Week 6 DQ2

AJS 582 Week 6 DQ3

AJS 582 Week 6 Learning Team Assignment Criminal Justice or Security Policy Issues Paper and Presentation

AJS 582 Week 6 Learning Team Assignment Criminal Justice or Security Policy Issues Paper and Presentation

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AJS 432 Entire Course

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 AJS 432 Entire Course

AJS 532 Week 1 DQ 1 AJS 532 Week 1 DQ 2 AJS 532 Week 1 DQ 3 AJS 532 Week 1 k 1 The Social Contract Theory of John Locke AJS 532 Week 1 The Social Contract Theory of John Locke AJS 532 Week 2 DQ 1 AJS 532 Week 2 DQ 2 AJS 532 Week 2 DQ 3 AJS 532 Week 2 Theory of Justice Analysis Paper AJS 532 Week 2 Week 2 Theory of Justice Analysis Paper AJS 532 Week 3 Code of Ethics and Security Case Study AJS 532 Week 3 DQ 1 AJS 532 Week 3 DQ 2 AJS 532 Week 3 DQ 3 AJS 532 Week 3 Week 3 Code of Ethics and Security Case Study AJS 532 Week 4 DQ 1 AJS 532 Week 4 DQ 2 AJS 532 Week 4 DQ 3 AJS 532 Week 4 k 4 Torture and Ethics Paper AJS 532 Week 4 Torture and Ethics Paper AJS 532 Week 5 Deception by the Investigating Officer AJS 532 Week 5 Deception AJS 532 Week 5 DQ 1 AJS 532 Week 5 DQ 2 AJS 532 Week 5 DQ 3 AJS 532 Week 6 Ethical Issues Research Paper and Presentation AJS 532 Week 6 Ethical Issues Research Paper and Presentation AJS 532 Week 6 Ethical Issues Research Paper AJS 532 Week 6 Ethical Issues Research Presentation

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ACCT 625 Week 4 Answers

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 ACCT 625 Week 4 Answers

Question 1. The following relate to Hudson City for its fiscal year ended December 31, 2014. a. On January 31, 2014, the city purchased as an investment for its debt service fund a fifteen-year, 6 percent, $1 million bond for $998,000. During the year it received $30,000 in interest. At year-end the market value of the bond was $999,500. b. On December 31, 2013, the Foundation for the Arts pledged to donate $1, up to a maximum of $1 million, for each $3 that the museum is able to collect from other private contributors. The funds are to finance construction of the city-owned art museum. During 2014, the city collected $600,000 and received the matching money from the Foundation. In January and February 2015 it collected an additional $2,400,000 and also received the matching money. c. During the year the city imposed license fees on street vendors. All vendors were required to purchase the licenses by September 30, 2014. The licenses cover the one-year periods from October 1, 2014, through September 30, 2015. During 2014 the city collected $240,000 in license fees. d. The city sold a fire truck for $40,000 that it had acquired five years earlier for $250,000. At the time of sale, the city had charged $225,000 in depreciation. e. The city received a grant of $2 million to partially reimburse costs of training police officers. During the year the city incurred $1,500.000 of allowable costs and received $1,200,000. It expects to incur an additional $500,000 in allowable costs in January 2015 and to be reimbursed for all allowable costs by the end of February 2015.

Refer to the two lists that follow. Select the appropriate amounts from the lettered list for each item in the numbered list. An amount may be selected once, more than once, or not at all. 1. Amount of investment income that the city should recognize in its debt service fund. 2. Reported value of bonds in government-wide statements at year-end. 3. Amount of investment income that the city should recognize in its government-wide statements. 4. Contribution revenue from Foundation for the Arts to be recognized in funds statements. 5. Contribution revenue from Foundation for the Arts to be recognized in government-wide statements. 6. Revenue from license fees to be recognized in funds statements. 7. Increase in general fund balance owing to sale of fire engine. 8. Increase in net assets (government-wide statements_ owing to sale of fire engine. 9. Revenue in fund statements from police training grant. 10. Revenue in government-wide statements from police training grant. A. $0 B. $1,500 C. $15,000 D. $30,000 E. $31,500 F. $40,000 G. $60,000 H. $200,000 I. $225,000 J. $240,000 K. $600,000 L. $998,000 M. $999,500 N. $1,000,000 O. $1,200,000 P. $1,500,000 Q. $2,000,000

Question 2. The fiscal year of Duchess County ends on December 31. Property taxes are due March 31 on the year they are levied. 1. Prepare journal entries (excluding budgetary and closing entries) to record the following property tax related transactions in which the country engaged in 2014 and 2015. a. On Jan 15, 2014 the county council levied property taxes of $170million for the year ending Dec 31, 2014. Officials estimated that 1% would be uncollectible b. During 2014 it collected $120 million c. In Jan and Feb 2015, prior to preparing its 2014 financial statements, it collected an additional $45 million in 2014 taxes. It reclassified as delinquent the $5 million of 2014 taxes not yet collected. d. In Jan 2015, the county levied property taxes of $190 million, of which officials estimated 1.1 % would be uncollectible e. During the remainder of 2015 the county collected $2.5 million more in taxes relating to 2014, $160 million relating to 2015, and $1.9 million (in advance) applicable to 2016. f. In Dec 2015 it wrote off $1million of 2014 taxes that it determined would be uncollectible. 2. Suppose the county were to prepare government-wide statements and account for property taxes on a full accrual basis of accounting rather than the modified accrual basis. How would your entries differ? Explain

Question 3. Green Hills County received the following two contributions during a year: • A developer (in exchange for exemptions to zoning restrictions) donated several acres of land that the county intended to convert to a park. The land had cost the developer $1.7 million. At the time of the contribution its fair market value was $3.2 million. • A local resident donated several acres of land to the county with the understanding that the county would sell the land and use the proceeds to fund construction of a county health center. The land had cost the resident $2.5 million. The county sold the land intended for the health center for $3 million thirty days after the end of its fiscal year. 1. Prepare journal entries to record the contributions. Be sure to specify the appropriate fund in which they would likely be made. 2. Comment on and justify any differences in the way you accounted for the two contributions. 3. Comment on how each of the contributions would be reported on the county’s government-wide statements. 4. How would your answers differ if the land intended for the health center were not sold by the time year-end financial statements were issued?

Question 4. The following relate to three grants that the town of College Hills received from the state during its fiscal year ending December 31, 2015: 1. Prepare journal entries to record the three grants in a governmental fund. a. A cash grant of $200,000 must be used to repair roads. b. $150,000 in cash is received out of a total grant of $200,000 intended to reimburse the town for actual expenditures incurred in repairing roads. During the year, the town incurred $150,000 in allowable repair costs. c. A cash entitlement grant of $200,000 is intended to supplement the town’s 2016 budget and must be expended in that year.

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ACCT 567 Final Exam Guide

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 ACCT 567 Final Exam Guide

1. (TCO A) On what should the government-wide financial statements report?

2. (TCO B) According to GASB standards, when should transfers be recognized?

3. (TCO C) Comparisons of budgeted versus actual revenues and expenditures are a requirement of which of the following situations?

4. (TCO D) The revenues account of a government entity is debited when?

5. (TCO E) During the year, a wealthy local businessman donated a building to city of Perris. The original cost of the building was $340,000. Accumulated depreciation at the date of the gift amounted to $220,000. The appraised fair market value of the donation at the date of the gift was $525,000 of which $35,000 was the value of the land on which the building was situated. At what amount should the city record this donated property in the governmental activities accounts at the government-wide level?

6. (TCO E) Which of the following resource inflows would be recorded as a revenue of a debt service fund?

7. (TCO G) Which of the statements concerning agency funds is a true statement?

8. (TCO J) Which of the following items are typically reported differently between the governmental fund statements and the governmental activities column of the government-wide statements?

9. (TCO H) A condition whereby the design or operation of a control does not allow management or employees in the normal course of performing their assigned functions, to prevent or detect and correct misstatements on a timely basis is called a(an)

10. (TCO H) Under FASB Standards, how would a not-for-profit organization recognize a conditional pledge?

11. (TCO I) Which of the following items would not affect the amounts reported in the Revenues and Gains section of the statement of activities for aprivate college or university?

12. (TCO I) The primary source of revenues for most hospitals are:

1. (TCOs D, E, F, and G) Please list the name of the fund(s) in which each of the following transactions or events would be recorded. (1) Bonds of $1,000,000 from which the proceeds are to be used for the construction of a new City Hall building. (2) Salaries of $170,000 were paid to personnel in the office of the mayor. (3) Installment payments of $75,000 were received from the property owners that were assessed for the street improvement project. (4) Over $65,000 of funds were received by employees by payroll deductions that are to be used for the purchase of United States Government Bonds for those employees on an individual basis. (5) Materials of $140,000 were to be used for the general repair of the streets that were purchased by the city. (6) Excess funds of $60,000 were transferred from the water utility to the General Fund.

2. (TCO F) The garbage collection of the city of Rockwell could be accounted for through the General Fund, a Special Revenue Fund, or an Enterprise Fund. Please identify the circumstances in which each of these fund types might be appropriate.

3. (TCO I) During the fiscal year of June 2012, Jefferson General Hospital, a not-for-profit healthcare organization, had the following revenue-related transactions. (The amounts are summarized for the entire year.) (1) Healthcare services that are provided to inpatients and outpatients amounted to $9,640,000, of which $420,000 were for charity cases, $865,000 was paid by uninsured patients, and $8,355,000 was billed to Medicare, Medicaid, and other insurance companies. (2) Pharmaceutical drugs and medicines sold by the hospital pharmacy amounted to $830,000, all of which was paid by the customer or the insurance companies. (3) Medicare, Medicaid, and third-party payors (insurance companies) approved and paid $5,640,000 of the $8,355,000 billed by the hospital during the year (please review transaction #1). (4) A contribution of $4,000,000 (of which is unconditional) was received in cash from a donor to construct a new facility for cancer patients. The full amount is expendable for that purpose. No activity has taken place during the current year. (5) A total of $810,000 was received from the following activities/sources: cafeteria and gift shop sales, $630,000, unrestricted transfers from the Claremont Hospital Foundation, $110,000, and fees for medical transcripts, $70,000. (6) The allowance for uncollectible receivables was increased by $1,350. Enter the templates provided in the answer space and complete the following requirements: Requirements: a. Record the preceding transactions in general journal form. b. Prepare the unrestricted revenues, gains, and other support section of Jefferson General Hospital’s statement of operations for the current year. Templates: Part A ……………………………………………………………………………..Debit…………………….. Credit a. Cash Accounts and Notes Receivable Patient Service Revenue b. Cash Other revenues c. Cash Contractual adjustments Accounts and Notes Receivable d. Cash Contributions-Temporarily Restricted e. Cash Other revenues f. Provision for Bad Debts Allowance for Uncollectible Receivables Part B Unrestricted Revenues, Gains, and Other Support: Net Patient Service Revenue $ xxx ……………………..Other revenues xxx

4. (TCO E) Enter the template provided in the answer space and record the following transactions in the Capital Projects Fund in the general journal for the following transactions. a. McDowell County issued $4,000,000, 5% bonds with interest payable on a semiannual basis on July 1 and January 1. The bonds sold for 102 on July 30, 2012. Proceeds from the bond issue were to be used for construction of the new sheriff station with all interest and premiums received to be used to service the debt issue. b. A state grant of $250,000 was received to help finance the construction of the sheriff station. c. The General Fund transferred $300,000 for use in the construction of the new sheriff station. d. A federal grant of $500,000 was received to help finance the construction of the new sheriff station. e. A construction contract was awarded to the Young Construction Company in the amount of $4,750,000. f. The new sheriff station was completed on May 1, 2013, three months ahead of schedule. The construction expenditures amounted to $4,870,000. When the project was completed, the cost of the sheriff station was allocated to the following, $310,000 for land, $4,180,000 for the building, and the remainder to equipment. g. The temporary accounts of the capital projects were closed to Fund Balance-Restricted. The amounts are restricted due to the bond issue that is related to the construction of the sheriff station. The capital projects fund will be closed by transferring remaining funds to the debt service fund for repayment. Template: Capital Project Fund (only) ……………………………………….debit………………………. credit a. Cash Other Financing Sources-Bond Proceeds b. Cash Revenues c. Cash Other Financing Sources-Transfer In d. Cash Revenues e. Encumbrances Reserve for Encumbrances f. Construction Expenditures Cash Reserve for Encumbrances Encumbrances g. To close the temporary accounts: Other Financing Sources-Bond Proceeds Other Financing Sources-Transfers In Revenues Construction Expenditures Fund Balance-Restricted To close the Capital Projects Fund: Other Financing Uses-Transfers Out Cash Fund Balance-Restricted Other Financing Uses-Transfers Out

5. (TCO F) The following Statement of Cash Receipts and Disbursements was prepared by the bookkeeper of the City of Glass City Museum of Science. The museum is a component unit of the City of Glass City and must be included in the city’s financial statements. It began operations on January 1, 2012 with no liabilities or commitments and only two assets. (1) $6,000 in cash and (2) Land that was acquired for $11,000. Cash Basis 12 months Cash Receipts: Admission Fees $295,000 Loan from the Bank $50,000 Total deposits $345,000 Cash Disbursements: Supplies $62,000 Wages 104,000 Utilities 48,000 Purchase of Equipment 70,000 Purchase of Fixtures 45,000 Interest on the Bank Loan 1,250 Total checks $330,250 Excess of Receipts Over Disbursements $14,750 Additional Information: • The loan from the bank is dated April 1 and is for a five-year period. Interest (5% annual rate) is paid on Oct. 1 and April 1 of each year, beginning Oct. 1, 2012. • The equipment was purchased on April 1, 2012 with the proceeds provided by the bank loan and has an estimated useful life of 10 years (please use the straight-line method of depreciation) for computing depreciation on the equipment. The fixtures were purchased on July 1, 2012 and has an estimated useful life of five years (please use the straight-line method of depreciation) for computing depreciation on the fixtures. • Supplies on-hand amounted to $5,900 at December 31, 2012. • All other bills and salaries related to 2012 had been paid by the close of business on December 31. Required: Enter the template provided in the answer space and complete the following requirements: Please prepare a Statement of Revenues, Expenses, and Changes in Net Assets for the year ended December 31, 2012 assuming the city plans to account for its activities on the accrual basis. Template: Operating Revenues: Charges for Services $ Operating Expenses: Wages $ Supplies ($62,000-5,900) Utilities Depreciation ($70,000/10*9/12) + ($45,000/5*6/12) Total Operating Expenses Operating Income (Loss) $ Non operating Expenses: Interest $1,250 + ($50,000*5%*3/12) Change in Net Assets Net Assets, Jan. 1, 2012 Net Assets, Dec. 31, 2012

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ACCT 567 Complete Course

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 ACCT 567 Complete Course

ACCt 567 Week 1

ACCT 567 Week 1 DQ 1 Standard-Setting Bodies )

Discuss some of the major differences between GASB and FASB when it comes to setting accounting standards.

ACCT 567 Week 1 DQ 2 Accounting vs. Governmental Systems.

Why are there major differences between governmental accounting systems vs. business accounting systems?

ACCT 567 Week 1 Homework Exercises

ACCT 567 Week 1 Homework Chapter 1 (Exercise 1-3)

ACCT 567 Week 1 Homework Exercises (2-3) and Exercise (2-5)

ACCt 567 Week 2:

ACCT 567 Week 2 DQ 1 Adoption of a Budget

How does the adoption of a budget in a governmental entity differ from the adoption of a budget by a commercial enterprise?

Week 2 DQ 2 Governmental Accounting

Transactions (Graded)

Please provide an explanation as to why accounting transactions for governmental activities as the governmental-wide level tend to be reported differently than transactions for the General Fund? Could you cite some examples?

Week 2 Case Study and Homework Exercise

ACCT 567 Week 2 Case Study I (City of Middleville)

ACCT 567 Week 2 Homework Problems 3-9 and 4-4, 4-6, 4-10

ACCT 567 Week 3

ACCT 567 Week 3 DQ 1 Capital Funds

Purposes

When should a capital projects fund be used by a governmental entity? Is it mandatory that a governmental entity use a capital project fund for GAAP purposes?

ACCT 567 Week 3 DQ 2 Purpose of a Debt

Service Fund

When does GAAP require the use of a debt service fund? Are there instances when a governmental entity is not required to use a debt service fund?

Week 3 Homework Problem,Excercises and Quiz

ACCT 567 Week 3 Homework Problems 5-3 and 6-5

ACCT 567 Week 3 Problem 5-7 and Problem 6-8

ACCT 567 Week 3 Quiz

(TCO A) Which of the following items are considered Required Supplementary Information (RSI)?

(TCO B) In addition to the government-wide statements, governmental entities are required to prepare fund financial statements for which of the following category of funds?

(TCO C) The County Commission of Hunter County adopted its General Fund budget for the year ending June 30, comprising of estimated revenues of $3,750,000 and appropriations of $3,150,000. Hunter County utilizes the budgetary accounts required by GASB standards. The budgeted excess of estimated revenues over appropriations will be recorded as:

(TCO D) Which of the following is a true statement regarding the use of a Special Revenue Fund?

(TCO B) Which of the following is true regarding the government-wide Statement of Net Assets?

(TCO D) GASB standards _____ that each governmental reporting entity display _____ General Fund in its general-purpose financial statements.

(TCOs A and B) Please list and describe the three major sections of the Comprehensive Annual Financial Report and provide a brief description of what is included in each of the section.

(TCO D) The City of Minyard adopted the following budget for fiscal year 2012:

(TCO D) The City of Martinville had the following pre-closing account balances in its General Fund as of June 30, 2012. Debits and credits are not separated; each account had its “normal” balance. Among the expenditures that are recorded this year is an amount that has been expended on supplies ordered at the end of the previous year. Assume that the encumbrances do not lapse and that the city failed to make the proper journal entry or entries necessary to re-establish the encumbrance in the current year.

ACCT 567 Week 4

Week 4 DQ 1 Accounting Similarities)

How would you compare the accounting for enterprise funds with that of (a) businesses and (b) governmental funds?

Week 4 DQ 2 Internal Service Funds

What types of activities are recorded under the internal services account? Please provide examples. Is the government required to account for activities in the internal service fund or in another fund? ACCT 567 Week 4

ACCT 567 Week 4 Homework Problems 7-3 and 7-8

ACCT 567 Week 4 Midterm Exam Solution 100% perfect

(TCOs A and B) Fiduciary funds are to use which of the following measurement and basis of accounting? (Points : 5)

(TCOs A and B) Funds other than the General Fund are required to be considered to be a major fund when (Points : 5)

(TCOs A and B) Which of the following is most correct with regard to Management’s Discussion and Analysis? (Points : 5)

(TCOs B and C) With regards to budgetary reporting by governmental entities, which of the following is not a true statement? (Points : 5)

(TCOs B and C) The proper journal entry to record an encumbrance would include which of the following? (Points : 5)

(TCOs B and C)) Capital assets that are used by an enterprise fund should be accounted for in the following fund? (Points : 5) (TCO E) When a government acquires general fixed assets under a capital lease agreement, how should the asset be recorded in the government-wide financial statements? (Points : 5)

(TCO E) Which of the following projects would usually be accounted for in a capital projects fund? (Points : 5)

(TCO E) Which of the following statements is a true statement regarding the reporting of debt service funds? (Points : 5)

(TCO D) Under GASB Statement No. 33, when would a special revenue fund be considered to have satisfied the eligibility requirement of a reimbursement type federal grant? (Points : 5)

(TCO E) You are in a staff meeting with the city controller and one of your colleagues was quoted as follows: “Capital projects funds are established by a government to account for all plant or equipment acquired by construction.” Do you agree with this statement? Why or why not? (Points : 30) (TCOs A and B) How are the major funds of a state or local government determined by a governmental entity? (Points : 30)

ACCT 567 Week 5

ACCT 567 Week 5 DQ 1 Fiduciary Funds )

Discuss various situations in which a government has fiduciary responsibility but does not report them in fiduciary funds.

ACCT 567 Week 5 DQ 2 Financial Reporting: Basic

Financial Statements

What basis of accounting is used to report governmental activities in government-wide financial statements? Can another basis be used? Please explain. Week 5 Case Study and Homework Problems

ACCT 567 Week 5 Case Study II (City of Shipley Part A, B, C and D)

ACCT 567 Week 5 Homework Case 8 – 1

ACCT 567 Week 5 Homework Problems (8-4) Problem (9-4)

ACCT 567 Week 5 Homework Problems (9-9 and 9-10)

ACCT 567 Week 5 Homework The Village of Dover (8 – 8)

ACCT 567 Week 6 Week 6 DQ 1 Auditing Differences (Graded)

In what significant way do financial audits in government and not-for-profit organizations differ from those carried on in businesses? Please explain.

ACCT 567 Week 6 DQ 2 Not-for-Profit Organizations (Graded)

How do not-for-profit organizations differ from government activities in the way the account for business-type activities, such as dining halls, gift shops, and admission fees?

ACCT 567 Week 6 Homework Problems and Quiz

ACCT 567 Week 6 Homework 14-8 a,b,c,d

ACCT 567 Week 6 Homework Problem (12-4)

ACCT 567 Week 6 Quiz

(TCO F) Any activities that produce goods or services to be provided to other departments or other governmental units would be reported in which fund?

(TCO F) Government units use which fund type to account for services provided to the general public on a user-fee basis?

(TCO G) A fund that is the result of an agreement between a contributor and a government that the principal and/or income of trust assets that is for the benefit of individuals, organizations, or other governments is a(n)

(TCO H) Which of the following would be considered a performance audit under the Governmental Auditing Standards?

(TCO J) Which of the following kinds of information would not be provided by management’s discussion and analysis (MD&A)?

(TCO H) Which of the following would be considered “contribution revenue or support” of a not-for-profit organization?

(TCO H) Describe the different types of governmental audits and attestation engagements.

(TCO F) Internal Service Fund, Statement of Cash Flows. Prepare a statement of cash flows for the internal service fund for the city of Pearman from the following information:

ACCT 567 Week 7

ACCT 567 Week 7 DQ 1 Colleges and Universities (Graded)

What financial statements must be presented by a government university that engages in only business-type activities? Is there a GASB or FASB requirement that mandates this type of implementation?

ACCT 567 Week 7 DQ 2 Differences in Government and

Commercial Accounting

What are some of the key differences between government healthcare accounting and commercial accounting? Please cite some examples.

ACCT 567 Week 7 Homework Problems

ACCT 567 Week 7 Homework Problem 16-4 a, b

ACCT 567 Week 7 Homework Problems (16-3) Problem (17-6)

ACCT 567 Week 7 Homework Problems (16-4 and 17-7)

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ACCT 555 Week 6 Homework Solution

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 ACCT 555 Week 6 Homework Solution

 Chapter 14 . Problems 14-21, 14-22, 14-23 14-24,

Chapter 15 Problems 15-22, 15-24, 15-25,

Chapter 16- Problem 220,21,22,24,28

Chapter 17 Problem 28

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ACCT 555 Week 5 Homework Assignment

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 ACCT 555 Week 5 Homework Assignment

 Chapter 12, pages 390–397: Problems 12-17, 12-18, and 12-27

Chapter 13, pages 429–430: Problems 13-22, 13-23, and 13-24

Top of Form

Bottom of Form

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ACCT 555 Week 4 Homework Assignment

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 ACCT 555 Week 4 Homework Assignment

 9-22 (Objectives 9-1, 9-2) The following questions deal with materiality. Choose the best response.

9-23 (Objectives 9-6, 9-8) The following questions concern audit risk. Choose the best response.

Some account balances, such as those for pensions and leases, are the result of complex calculations. The susceptibility to material misstatements in these types of accounts is defined as

9-24 (Objective 9-9) The following questions deal with audit risk and evidence. Choose the best response.

10-30 (Objectives 10-1, 10-2, 10-7) The following are general questions about internal control. Choose the best response.

When considering internal control, an auditor must be aware of the concept of reasonable assurance, which recognizes that the

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ACCT 555 Week 3 Homework Assignment

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 ACCT 555 Week 3 Homework Assignment

 Week 3 Homework

6-19 (Objective 6-1) The following questions concern the reasons auditors do audits. Choose the best response.

Which of the following best describes the reason why an independent auditor reports on financial statements?

Because of the risk of material misstatement, an audit should be planned and performed with an attitude of

The major reason an independent auditor gathers audit evidence is to

6-20 (Objective 6-3) The following questions deal with errors and fraud. Choose the best response.

An independent auditor has the responsibility to design the audit to provide reasonable assurance of detecting errors and fraud that might have a material effect on the financial statements. Which of the following, if material, is a fraud as defined in auditing standards?

What assurance does the auditor provide that errors, fraud, and direct-effect illegal acts that are material to the financial statements will be detected?

6-27 (Objectives 6-6, 6-7) The following are specific transaction-related audit objectives applied to the audit of cash disbursement transactions (a through f), management assertions about classes of transactions (1 through 5), and general transaction-related audit objectives (6 through 11).

Specific Transaction-Related Audit Objective

Recorded cash disbursement transactions are for the amount of goods or services received and are correctly recorded.

7-25 (Objectives 7-3, 7-4) The following questions concern persuasiveness of evidence. Choose the best response.

Which of the following types of documentary evidence should the auditor consider to be the most reliable?

Which of the following statements concerning audit evidence is true?

Audit evidence can come in different forms with different degrees of persuasiveness. Which of the following is the least persuasive type of evidence?

Which of the following presumptions is correct about the reliability of audit evidence?

7-26 (Objectives 7-5, 7-6) The following questions concern audit documentation. Choose the best response.

Which of the following isnota primary purpose of audit documentation?

During an audit engagement, pertinent data are compiled and included in the audit files. The audit files primarily are considered to be

Although the quantity, type, and content of audit documentation will vary with the circumstances, audit documentation generally will include the

The permanent file of an auditor’s working papers most likely would include copies of the

7-27 (Objective 7-4) The following are examples of documentation typically obtained by auditors:

7-28 (Objective 7-4) The following are examples of audit procedures:

8-25 (Objectives 8-1, 8-3) The following questions concern the planning of the engagement. Select the best response.

Which of the following is an effective audit planning procedure that helps prevent misunderstandings and inefficient use of audit personnel?

8-28 (Objectives 8-2, 8-3, 8-4, 8-5) The following are various activities an auditor does during audit planning.

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ACCT 555 Week 2 Homework Solution

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 ACCT 555 Week 2 Homework Solution

 4-18, 4-21, 4-22, 5-17, 5-19, 5-21, 5-26, 11-19, 11-20

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ACCT 555 Week 1 Homework Solution

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 ACCT 555 Week 1 Homework Solution

 Chapter 2, pages 41–44: Problems 2-16, 2-17, 2-19, and 2-20

Chapter 3, pages 67–69: Problems 3-23, 3-25, and 3-26

Top of Form

Bottom of Form

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ACCT 555 Midterm Exam Solution

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 ACCT 555 Midterm Exam Solution

  (TCO F) Which of the following procedures should an     auditor generally perform regarding subsequent events?

(TCO A) An auditor reads the letter of transmittal     accompanying a county’s comprehensive annual financial report and     identifies a material inconsistency with the financial statements. The     auditor determines that the financial statements do not require revision.     Which of the following actions should the auditor take?

(TCO F) An auditor’s independence is considered     impaired if the auditor has

(TCO B) When an independent CPA is associated with the     financial statements of a publicly held entity but has not audited or     reviewed such statements, the appropriate form of report to be issued must     include a(an):

(TCO F) Which is not a characteristic of the     reliability of evidence?

(TCO C) According to PCAOB standards, the nature and     extent of required planning activities for an issuer audit are influenced     by all of the following factors, except for:

(TCO F) Analytical procedures must be used during which     phase(s) of the audit?

Test of controls OR planning OR completion

(TCO F) In a financial statement audit, inherent risk     is evaluated to help an auditor assess which of the following?

(TCO F) The primary purpose of performing analytical     procedures in the planning phase of an audit is to

(TCO G) The most widely used profitability ratio is

(TCO G) Which ratio is best used to assess a company’s     ability to meet its long-term debt obligations?

(TCO A) Match the following definitions to the     appropriate terms.

(TCO B) The following is a portion of a qualified audit     report issued for a private company.

To the shareholders of Tamarak Corporation,

We have audited the accompanying balance sheet of Tamarak Corporation as of October 31, 2009, and the related statements of income, retained earnings, and cash flows for the past year. These financial statements are the responsibility of the company’s management. Our responsibility is to express an opinion on these financial statements based on our audit.

We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.

The company has included in property and debt in the accompanying balance sheet certain lease obligations that, in our opinion, should be expensed in order to conform with generally accepted accounting principles. If these lease obligations were capitalized, property would be decreased by $4,000,000, long-term debt by $2,000,000, and retained earnings by $180,000 as of October 31, 2009, and net income and earnings per share would be decreased by $180,000 and $0.62, respectively, for the past year.

(TCO C) The following situation involves a possible     violation of the AICPA’s code of professional conduct. For this situation,     (1) determine the applicable rule number from the code, (2) decide whether     or not the code has been violated, and (3) briefly explain how the     situation violates (or does not violate) the code. Your answer should be     set up something like this:

Rule # _____ Violation? Yes or No.

Provide a one- or two-line explanation.

Auditor Tex Gato of the CPA firm Smackey and Smackey, CPAs, enjoyed auditing his favorite client, Super Pup Dog Food, because the client would allow him to take home to his dog a variety of dog food samples that amounted to a year’s worth of dog food.

(TCO C) The following situation involves a possible     violation of the AICPA’s code of professional conduct. For this situation,     (1) determine the applicable rule number from the code, (2) decide whether     or not the code has been violated, and (3) briefly explain how the     situation violates (or does not violate) the code. Your answer should be     set up something like this:

Rule # _____ Violation? Yes or No.

Provide a one- or two-line explanation.

Howard Cunningham & Co., CPAs, designates its firm as Members of the American Institute of Certified Public Accountants. All of the partners of the firm are CPAs. However, one of the partners has recently chosen to allow her membership to lapse because of personal reasons.

(TCO C) Under the provisions of the Sarbanes-Oxley Act     of 2002 (SOX), the audit committee of a public company has specific     guidelines to which employees must adhere. Discuss some of the mandated     features of the audit committee of a public company under SOX.

(TCO D) Discuss some of the steps the AICPA and the     accounting profession as a whole can and are taking to reduce     practitioners’ exposure to lawsuits. You answer should provide at least     five steps.

(TCO F) Match nine of the terms (A–K) with the     definitions provided below (1–9).

A – Foot B – Compute C – Scan D – Inquire E – Count F – Trace G – Recompute H – Read I – Examine J – Observe K – Compare

_____ 1: A calculation done by the auditor independent of the client _____ 2: Addition of a column of numbers to determine if the total is the same as the client’s _____ 3: A comparison of information in two different locations _____ 4: A use of the senses to assess certain activities _____ 5: Following details of transactions from original documents to journals _____ 6: A less detailed examination of a document or record to determine if there is something unusual warranting further investigation _____ 7: Obtaining information from the client in response to specific questions _____ 8: A determination of assets on hand at a given time _____ 9: An examination of written information to determine facts pertinent to the audit

(TCO G) Discuss the essential activities involved in     the initial planning of an audit.

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ACCT 555 Final Exam Solution

http://www.homeworkwarehouse.com/downloads/acct-555-final-exam-solution/

 ACCT 555 Final Exam Solution

  (TCO B) An auditor was unable to obtain     sufficient appropriate audit evidence concerning certain transactions due     to an inadequacy in the entity’s accounting records. The auditor would     choose between issuing a(an): (Points : 5)

  (TCO K) An auditor should consider which     of the following when evaluating the ability of a company to continue as a     going concern? (Points : 5)

  (TCO A) An auditor’s independence is     considered impaired if the auditor has: (Points : 5)

  (TCO H) Which of the following should be     included as a written representation from management? (Points : 5)

  (TCO E) An auditor would most likely be     concerned with internal controls that provide reasonable assurance about     the: (Points : 5)

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 1.(TCO A) In performing an ATTEST Engagement A CPA would be required to do what as part of the engagement? (Points : 19)

 2.(TCO B) When a CPA performs an Audit the Client is always looking to receive a “CLEAN OPINION” or an Unqualified Opinion. Explain what your client must do for a CPA to justify that Unqualified Opinion? (Points : 19)

 3.(TCO C) – Based upon the below 4 situations – explain your position of “why” or “why not” the following circumstances would have violated the professions ethical standards when you are a practicing CPA?

 4.(TCO D) Discuss five steps individual practicing auditors can take to minimize their legal liability.(Points : 19)

 5.(TCO F) Sarbanes Oxley requires that per Section 404 that Internal Controls within a publicly held company are to be reviewed, evaluated and tested at year end to insure that adequate controls are in place. In addition to understanding the Internal Controls present within your client’s company, the auditor must also evaluate whether these controls are in place, and implemented. How does an auditor evaluate these controls to see that they are working and in place?(Points : 19)

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  (TCO E) What is COSO? Describe the 5     elements of COSO’s Internal Control-Integrated Framework. Provide an     example of each of those components and explain why they are important in     providing “Reliable Financial Reporting” for a company. Please provide a     complete answer for full points. (Points : 30)

 2.(TCO G) Business risk must be assessed in performing an audit.

(a) Define business risk in association with an audit and describe several sources of such risk. (b) How does business risk relate to the performance of preliminary analytical procedures in an audit? (c) There are four major areas in planning an audit engagement and there are subparts to each of the four major areas. Please identify the four major areas and the subparts that are associated with the major areas.(Points : 30)

 3.(TCO H) Audit Risk consists of inherent risk, control risk, and detection risk.  (a) Please completely define each of the above. (b) Indicate whether each of the statements below is true or false and explain your position: (1) The risk that material misstatement will not be prevented or detected on a timely basis by internal controls can be reduced to zero by having effective controls in place. (2) Detection Risk is a function of the efficiency of an auditing procedure. (3) Cash is more susceptible to theft than an inventory of coal because it has greater inherent risk? (4) The Inherent risk of the theft of an inventory of cellphones at a mall store is greater than the misappropriation of cash at a COSTCO Store?(Points : 30)

 4.(TCO I) Accounts Receivable – For each of the following, please explain if an auditor’s review of the client’s sales cutoff would detect these problems: (a) Would excessive goods returned for credit be detected by a sales cut-off test – why or why not? (b) Would unrecorded sales discounts be detected by a sales cut-off test – why or why not? (c) Lapping of year-end accounts receivable be detected by a sales cut-off test – why or why not? (d) Inflated sales for the year – could it be detected by a sales-cut-off test – why or why not?(Points : 30)

 5.(TCO J) One of the major problems in a computer system is that incompatible functions may be performed by the same individual. Identify from the below choices the control compensating for inadequate segregation of duties in a computer system. Explain why you have selected your response. (a) Echo Checks (b) A check digit system (c) Computer-Generated hash totals (d) A computer access log (Points : 30)

 6.(TCO K) You are the Senior Auditor for WWZ Co. and you have completed the testing of all the accounts. However, prior to issuing your report, what are at least five other procedures or reviews that must be performed prior to issuing your report? Explain your responses(Points : 30)

ACCT 555 Week 8 Final Exam

  (TCO A)     There are ten generally accepted auditing standards, divided into three     categories. What are the standards of reporting?

(TCO A) Distinguish     between generally accepted auditing standards (GAAS) and generally     accepted accounting principles (GAAP). What professional organization     establishes GAAS? What professional organization establishes GAAP?

Assume you     are the partner in charge of the audit of Franklin Corporation’s 2002     financial statements. The audit report has not yet been prepared. In each     independent situation following, indicate the appropriate opinion you     should issue and why you would issue that opinion

State     whether there is any violation of the AICPA Code of Professional Conduct,     and the nature of the violation. Where there is a violation, evaluate the     potential legal liability the accountant may face. Justify your position

Discuss at     least five of the actions that can be taken by individual CPAs, to protect     themselves from legal liability

(TCO E)     Bobby Thigpen, waiter at Relief Stop, has been taking cash from the     restaurant. Thigpen prepares a customer’s check from which the customer     pays. Thigpen then destroys the check, and prepares a new one with     different items of lower cost. He presents the new check and indicated     amount on the check to the cashier, and saves the excess cash for himself.     Question: Formulate three internal control features that the restaurant     could implement, to eliminate this defalcation

Three     types of legal documents and records that auditors examine in the planning     phase of an audit are the corporate charter and bylaws, corporate minutes     of meetings of the board of directors and stockholders, and contracts.     Discuss the audit-relevant information contained in each of these three     types of documents that an auditor should be aware of early in the audit.

(TCO F)     What are specific audit objectives? Explain their relationship to the     general audit objectives. (Points: 25)

2.(TCO H) Explain why it is necessary to allocate the preliminary judgment about materiality to individual accounts (segments) in the financial statements. Also explain why allocating to balance sheet accounts is more common than allocating to income statement accounts. (Points: 25)

Allocating the preliminary judgment about materiality to individual segments is necessary because evidence is accumulated for segments rather than for the financial statements as a whole. Allocating to segments establishes a tolerable misstatement amount for each segment, which helps the auditor decide the appropriate audit evidence to accumulate for each segment. Most practitioners allocate materiality to balance sheet accounts rather than income statement accounts because there are fewer balance sheet than income statement accounts

(TCO I)     For each of the following potential misstatements, provide one potential     audit test that could be used to detect the misstatement

(TCO I)     Describe how the auditor tests the classification objective for accounts     receivable. (Points: 25)

The classification objective is tested by reviewing the aged trial balance for material receivables from affiliates, officers, directors, or other related parties. If notes receivable or accounts that should not be classified as a current asset are included with the regular accounts, these should also be segregated. Finally, if credit balances in accounts receivable are significant, it is appropriate to reclassify them as accounts payable

The design     of tests of details of balances for inventory is affected by audit results     from multiple cycles. Identify the cycles, other than the inventory and     warehousing cycle, that affect the audit of inventory

Describe     three computer auditing techniques available to the auditor

(TCO K)     Match seven of the terms (a-p) with the description/definitions provided     below (1-7):