Acc 557 entire course financial accounting

1. ACC 557 Entire Course Financial Accounting
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ACC 557 Financial Accounting Assignments , Discussions, Homework and Quizzes
ACC 557 Week 1 DQ1
Improper or Illegal Methods
From the e-Activity, identify the company, the accounting impropriety or illegality, how it was
detected, the outcome, and propose a strategy that might have prevented the situation. Indicate
how the strategy should be implemented.Assess the impact to the company’s financial
performance based on the impropriety and the resulting effect to stakeholder confidence in
management, recommending how the company can minimize the resulting impact to the
business.
ACC 557 Week 1 DQ2
General Accounting Principles

2. “Bookkeeping and accounting are the same.” In terms of your role in the provision of financial
services, present data to support the accuracy of this statement and support your
position.Analyze the accounting equation as a concept that underpins the work of professional
accountants and how an understanding of the equation can impact business decision making.
ACC 557 Week 1 Homework Chapter 1 (E1-4,E1-7,E1-11,P1-2A)
ACC 557 Week 2
ACC 557 Week 2 Homework Chapter 2 (E2-6,E2-9,E2-11,P2-2A)
ACC 557 Week 2 Homework Chapter 3 (E3-6,E3-7,E3-11,P3-2A)
ACC 557 Week 2 Quiz – Chapter 1
ACC 557 Week 3
ACC 557 Week 3 DQ1
Researching Financial Information
From the e-Activity, analyze one company’s financial position and determine whether or not the
stock potential will rise, remain stable, or decrease in value. Determine whether you would
invest in it or not at this time. Provide a rationale for your response.
Assess how profitable the company has been over the past 5 years and determine how you would
advise the company about its future profitability potential

3. ACC 557 Week 3 DQ2
Non-Cash Compensation
Analyze how non-cash compensation can be abused by management within a company and the
related risks to the long-term stability of the company. After considering the potential for
problems with this method of employee rewards, determine whether the advantages outweigh the
disadvantages, and justify your position.Make a recommendation to CFO of your organization
about the least costly method to reward employees of these three, indicating how such a system
will likely be perceived by employees. State your rationale for selecting the method.
ACC 557 Week 3 Homework Chapter 4 (E4-5,E4-7,E4-13,P4-4A)
ACC 557 Week 3 Assignment 1 Review of Accounting Ethics
ACC 557 Week 3 Quiz – Chapter 2, 3
ACC 557 Week 4
ACC 557 Week 4 DQ1
Accounting Methods

4. Analyze the risks to merchandising that a business may experience and how they might be
minimized. Determine if automation of accounting has had a positive or negative impact on
business, in general, and how you arrived at that conclusion.
Create a corporate policy designed to minimize inventory shrinkage related to theft, stocking
errors, shipping errors, etc., indicating how the policy will be enforced and procedures that may
need to be implemented
ACC 557 Week 4 DQ2
Inventories
Imagine you are accountable for a franchise fast-food restaurant. Evaluate the best method of
inventory costing and make a recommendation to the company’s leaders about why it is best
suited for your franchise fast-food restaurant to reduce the possibility of employee theft of
product or other shrinkage concerns.
Inventory control requires constant attention. Propose a set of guidelines that reflect the
necessary monitoring controls for three distinct types of business (e.g., a shoe retailer, a
physician’s office, and a food vending truck) to minimize loss and waste. Indicate how each
control will minimize risk of inventory loss
ACC 557 Week 4 Homework Chapter 5 (E5-4,E5-8,E5-13,P5-3A)
ACC 557 Week 4 Homework Chapter 6 (E6-1,E6-10,E6-14,P6-3A)
ACC 557 Week 4 Quiz – Chapter 4

5. ACC 557 Week 5
ACC 557 Week 5 DQ1
Internal Controls
From the e-Activity, analyze the situation from the company you selected and the internal
controls that may have been compromised to allow the problem to occur and the resulting
financial impact to the business. Propose a plan to prevent this type of situation in the future.
Match the situation with the primary components of the fraud triangle factor (opportunity,
financial pressure, or rationalization) that best describes it and specifically create strategies to
address this component of the triangle to prevent recurrence for the above-mentioned company.
ACC 557 Week 5 DQ2
Receivables
Assess the external and internal factors that influence credit policy and decision making within a
company that extends credit to its customer when providing a good or service on account.
Indicate the factor of most significance in today’s business environment. Provide support for
your rationale.
Assuming that a certain percentage of customers will be deemed high risk, recommend a strategy
to minimize a company’s bad debt exposure. Indicate how the company would implement the
strategy. Provide support for your recommendation
ACC 557 Week 5 Homework Chapter 7 (E7-5,E7-7,E7-14,P7-3A)

6. ACC 557 Week 5 Homework Chapter 8 (E8-3,E8-5,E8-14,P8-7A)
ACC 557 Week 5 Quiz – Chapter 5, 6
ACC 557 Week 6
ACC 557 Week 6 DQ1
Information Protection and Privacy:
Based on the e-Activity, evaluate the circumstances that contributed to the privacy violation, the
consequence to the company to the breach, and management’s response to the breach, indicating
the appropriateness of the response. Suggest how the company may have presented the breach
and / or responded differently once the breach was discovered. Provide support for your
rationale.
Assess the ethical considerations for information privacy, indicating how these considerations
should be addressed with a corporate policy. Provide support for your rationale.
ACC 557 Week 6 DQ2
Debt Covenants

7. Based on your research conducted in the e-Activity, assess the key components of the loan
covenant typically used in business loans. Indicate the necessity of each covenant and the
likelihood that default will be prevented. Suggest whether or not you agree or disagree with
lenders using the covenant approach for protection. Provide a rationale for your position.
Create an alternative strategy for lenders to use to protect themselves for loan default. Indicate
how this approach would be more desirable than debt covenants. Provide support for your
strategy.
ACC 557 Week 6 Homework Chapter 9 (E9-9,E9-11,E9-12,P9-3A)
ACC 557 Week 6 Homework Chapter 10 (E10-9,E10-12,E10-15,P10-1A)
ACC 557 Week 6 Assignment 2 You Are an Entrepreneur!
ACC 557 Week 6 Quiz – Chapter 7, 8
ACC 557 Week 7
ACC 557 Week 7 DQ1
Effects of a Merger

8. Based on the company you researched in the e-Activity, assess the key drivers of the merger.
Indicate how the merger will most likely create more value for the company stakeholders,
indicating whether or not you believe the value will be realized. Provide support for your
rationale.
Assess the accounting complexities related to mergers and acquisition, indicating how
management accounted for these complexities in the merger you researched. Suggest whether or
not you agree or disagree with the accounting approach used in the merger. Provide support for
your position.
ACC 557 Week 7 DQ2
Retained Earnings
The items contained in the Retained Earnings section of a balance sheet are often complex and
confusing. Suggest an improvement for the reporting on this information that will help the users
of the statement to have a better understanding of the activity. Provide support for your
suggestion.
Evaluate what a cumulative loss in the retained earnings section of a company’s balance sheet
might indicate about the financial performance in the future, indicating how this may influence
decisions made about the company. Provide support for your answer
ACC 557 Week 7 Homework Chapter 11 (E11-7,E11-13,E11-17,P11-3A)
ACC 557 Week 7 Quiz – Chapter 9, 10
ACC 557 Week 8

9. ACC 557 Week 8 DQ1
Venture Capital
Based on your research conducted in the e-Activity, evaluate the business decision to use a
venture capitalist to raise funds, indicating whether or not you believe the company will benefit
from this decision in the long run. Provide support for your position.
Assess the challenges for businesses using the resources of a venture capitalist, given that
significant returns on the investment are likely to be impacted by the firm. Indicate how a
business can manage these expectations. Provide support for your rationale.
ACC 557 Week 8 DQ2
Investment Valuation
While US GAAP requires assets to be valued at the lower of cost or market, there is a belief that
assets with value fluctuations should be valued at market and adjusted on a regular basis. Create
an argument supporting the use of market value for investment valuation. Provide support for
your argument.
Assess the potential abuses of companies using a market value approach to investment valuation
and how it may impact decisions made by the public relying on the information.
ACC 557 Week 8 Homework Chapter 12 (E12-7,E12-8,E12-12,P12-2A)

10. ACC 557 Week 8 Quiz – Chapter 11
ACC 557 Week 9
ACC 557 Week 9 DQ1
Cash Flow Reporting
Given the complexities related to preparing and interpreting the statement of cash flow, evaluate
the current requirement under GAAP and IFRS, indicating improvements that you would make
to each method’s requirement to better serve the users of the information. Provide a rationale for
your changes.
Analyze the impact of erroneous classifications in the Operating Activities section of the
statement of cash flows, detailing how the distortion can impact the decisions made by financial
statement users. Suggest how these errors may be minimized
ACC 557 Week 9 DQ2
Use of Cash Flows Statements
Assess what information may be revealed about the sustainability of a company by review and
analysis of a company’s statement of cash flows that may not be revealed in the balance sheet or
income statement. Provide support for your rationale.
Create an argument indicating that the statement of cash flows contains the most valuable
information related to a company’s performance for users of financial statement information.
Provide support for your argument

11. ACC 557 Week 9 Homework Chapter 13 (E13-3,E13-4,E13-6,P13-3A)
ACC 557 Week 9 Quiz – Chapter 12
ACC 557 Week 10
ACC 557 Week 10 DQ1
Financial Analyst Skills
Based on the information presented in the e-Activity, recommend the skills that are required to
be a successful Financial Analyst, indicating how the role of a Financial Analyst adds value to a
company. Provide support for your answer.
Assess the key ratios used by Financial Analyst to evaluate the financial performance of
company, indicating the ratio that you believe to be most indicative of future
performance. Provide support for your rationale.
ACC 557 Week 10 DQ2
Financial Analysis
Determine three key ratios that should be used when evaluating the financial performance of a
company, indicating what information this will reveal to an analyst and the impact to decisions
made about the company.

12. Given that financial analysis is reactive based on events that have already occurred, suggest how
financial analysis may obtain information to be proactive to the decision-making process.
Provide support for your rationale.
ACC 557 Week 10 Homework Chapter 14 (E14-3,E14-4,E14-13,P14-6A)
ACC 557 Week 10 Assignment 3 You Are an Investment Analyst
ACC 557 Week 10 Quiz – Chapter 13
ACC 557 Week 11
ACC 557 Week 11 DQ1
Course Wrap-Up
Explain two concepts in this course that provided the most value to you.
Indicate how these two new areas of knowledge will benefit you in your current job or future
career / endeavors.
ACC 557 Week 11 DQ2

13. Financial Accounting
Predict one major change in financial accounting that may likely occur within the next 10 years.
As a CFO, recommend how you would integrate these changes into your business
ACC 557 Week 11 Quiz – Chapter 14