Category Archives: ACC 599

STRAYER ACC 599 Assignment 3 Durango Firm Analysis NEW

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Financial management and accounting knowledge and skills
Use of financial information by various stakeholders
Capital budgeting ratios
Outsourcing
Economic and business Environment analysis
Strategies
Internal controls analysis
Conclusion

 

 

STRAYER ACC 599 Final Exam Guide NEW

STRAYER ACC 599 Final Exam Guide NEW

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ACC 599 Final Exam Guide
Final ACC 599
Question 1
Which of the following assertions would the auditor usually consider most relevant for accounts payable?
Question 2
The Standards of the PCAOB can be broken up into three categories, i.e., general, fieldwork, and reporting. Which of the following concepts is considered in the reporting standards?
Question 3
Which of the following is a reason why an auditor needs an understanding of internal controls?
Question 4
Which assertion addresses whether the financial statements items are properly classified in the financial statements?
Question 5
What is the auditor’s responsibility for testing internal controls when the auditor believes that the internal controls are effective and intends to rely upon them?
Question 6
Which one of the following represents a control deficiency?
Question 7
The PCAOB’s AS No. 5 states that internal controls may be preventive or detective.Which of the following controls is preventive?
Question 8
Which of the following procedures will an auditor use to better understand a client’s internal control over accounting systems?
Question 9
Which one of the following is an example of a conflict of interest for a CPA?
Question 10
In what order is the AICPA Code of Professional Conduct presented?
Question 11
What does utilitarian theory hold?
Question 12
Independence in mental attitude is required of auditor on all audit engagements. What does this independence require?
Question 13
The relationship between the sales cycle and an inventory system can best be noted in which of the following examples?
Question 14
Which of the following must exist prior to the recognition of revenue by a company from the sale of a product?
Question 15
A key indicator of fraud in the revenue cycle is the auditor’s detection of which of the following?
Question 16
The primary difference between positive and negative confirmations used in the audit of accounts receivable is which of the following?
Question 17
All of the following are steps in an IT audit except
Question 18
Control risk is
Question 19
Tests of controls include
Question 20
Segregation of duties in the computer-based information system includes
Question 21
Which of the following is an example of a perceived opportunity that can lead to financial statement fraud?
Question 22
What is the meaning of “short sell”?
Question 23
According to study of financial statement frauds by the Committee of Sponsoring Organizations (COSO), who is the most common perpetrator of financial statement fraud?
Question 24
Which ratio should be examined while analyzing the balance sheet to detect under recording of accounts payable?
Question 25
Inadequate disclosure occurs when:

 

 

STRAYER ACC 599 Midterm Exam Guide NEW

STRAYER ACC 599 Midterm Exam Guide NEW

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ACC 599 Midterm Exam Guide
Midterm Exam ACC Capstone
Question 1
The price/earnings ratio:
Question 2
Interest expense creates magnification of earnings through financial leverage because:
Question 3
What is the effect of the exercise of stock options?
Question 4
A summarized income statement for Leveraged Inc. is presented below. The degree of financial leverage is:
Question 5
The earnings per share is computed for:
Question 6
Which of the following ratios usually reflects investors opinions of the future prospects for the firm?
Question 7
Which of the following ratios is a primary measure of liquidity according to the corporate controller survey?
Question 8
Which of the following variables indicates a measure of cumulative profitability over time?
Question 9
Which of the following ratios is rated to be a primary measure of liquidity and the highest significance rating of the liquidity ratios according to commercial loan departments?
Question 10
Which of the following is not a discounted cash flow model for valuation?
Question 11
Which of the following depreciation methods is considered to be the least conservative?
Question 12
Which of the following ratios appears most frequently in annual reports?
Question 13
Costs incurred when products and services fail to conform to requirements or satisfy customer needs after being delivered to customers are
Question 14
____ focuses on the relationship of activity inputs to activity outputs.
Question 15
A costing system that first assigns costs to activities and then to products is
Question 16
Costs incurred when products and services prior to being delivered do not conform to specifications or customer needs are
Question 17
____ are assigned using direct tracing and resource drivers.
Question 18
Scrap and retesting are examples of ____ failure costs.
Question 19
____ can help a company become more competitive by providing more accurate cost data.
Question 20
The capital investment decision making model that assumes that each cash inflow is reinvested at the project’s own rate of return is
Question 21
If the cash flows of a project are received evenly over the life of the project, the formula for the calculating the payback period is
Question 22
The capital investment decision making model that assumes that each cash inflow is reinvested at the required rate of return is
Question 23
Which of the following is a disadvantage of postaudits?
Question 24
The best model for choosing the best of several competing projects is
Question 25
A follow-up analysis of a capital investment after it is implemented is called a

 

 

STRAYER ACC 599 Week 3 Assignment 1 Impact of the Sarbanes-Oxley Act (SOX) NEW

STRAYER ACC 599 Week 3 Assignment 1 Impact of the Sarbanes-Oxley Act (SOX) NEW

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ACC 599 Assignment 1 Impact of the Sarbanes-Oxley Act (SOX)

ACC 599 Week 3 Assignment 1 – Impact of the Sarbanes-Oxley Act (SOX)

 

Assume that you are a CEO of a medium-sized company that needs a significant influx of cash for several expansion projects. As the CEO, you must determine whether your company should remain private or go public. Some companies postpone going public due to the unpredictability of economic and market conditions. Consider the ramifications of both alternatives. Construct an argument for and against going public. Before providing your response, review the guidelines and regulations associated with going public by visiting Small Business and the SEC located athttp://www.sec.gov/info/smallbus/qasbsec.htm.

Use the Internet to research SOX law, located athttp://www.sarbanes-oxley-101.com/sarbanes-oxley-compliance.htm.

Write a four to five (4-5) page paper in which you:

1. Outline three (3) ways in which your medium-sized private company may benefit from going public, providing a rationale for each.

2. Create an argument that the same goals may be achieved if the company remains a privately held entity. Provide support for your argument.

3. When a company decides to go public, it can typically obtain capital by issuing stocks or bonds. Suggest four (4) leading financial ratios that will be evaluated and how each will impact the company’s decision to obtain expansion funds. Determine whether the results of the ratios would alter the decision to go public.

4. By researching the results of SOX compliance surveys, assess the financial impact that SOX might have on your company if it decides to go public. Considering the impact of SOX compliance, take a position as to whether your company can overcome the challenges posed by SOX compliance if the decision is to go public. Based on your research, support your decision by identifying the potential advantages and disadvantages that SOX may have on your company. Provide specific examples.

5. Make a recommendation as the CEO regarding the alternative (i.e., going public or staying private) that will best support the company’s expansion goals. Support your position.

Use at least four (4) quality academic resources in this assignment. Note: Wikipedia and other Websites do not qualify as academic resources.

 

STRAYER ACC 599 Week 7 Assignment 2 Accounting and auditing enforcement NEW

STRAYER ACC 599 Week 7 Assignment 2 Accounting and auditing enforcement NEW

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ACC 599 Week 7 Assignment 2 – Accounting and Audit Enforcement

 

Using the Internet,  databases, or the Securities and Exchange Commission’s Website, located athttp://www.sec.gov/divisions/enforce/friactions/friactions2012.shtml, perform a search on several U.S. health care publicly-traded companies and choose a health care organization that has been accused of committing health care fraud.

Write a five to six (5-6) page paper in which you:

1. Evaluate the level of SOX regulations that applies to for-profit and not-for-profit health care organizations, indicating whether or not mandating SOX requirements for non-profits might reduce fraud and increase corporate governance. Provide support for your rationale.

2. Determine whether SOX has been effective in regulating ethical behavior of for-profit health care organizations. Defend your position.

3. Determine whether deficiencies existed in the IT environment, and suggest ways to improve audit trails, data integrity, and policies and procedures in order to reduce the risk of fraudulent activity.

4. Use at least four (4) quality academic resources in this assignment.Note: Wikipedia and other Websites do not qualify as academic resources.

5. Review the audit report issued by the external auditing firm from the company’s Website for the year it was accused of fraud. Then, determine whether the external auditors were negligent in preparing the audit report for the company. Formulate an opinion regarding which Internal Control was deficient or what GAAP was violated. Defend your position.

6. Determine what provision(s) of SOX was / were violated in the health care fraud case in question. Indicate whether or not SOX adequately provides sanctions to deter the behavior or if changes are needed to the regulations to remedy the issue(s) and thus ensure compliance.

7. Based on the fraudulent activity that occurred, recommend two (2) improvements to the internal control environment to reduce those occurrences. Provide detailed recommendations.