+
ACC 573 help Become Exceptional  / acc573assist.com

ACC 573 help Become Exceptional / acc573assist.com

Rating:
Rating
(0)
Author: aleirew jonwt
See More

Try Our College Algebra Course. For FREE.

Sophia’s self-paced online courses are a great way to save time and money as you earn credits eligible for transfer to over 2,000 colleges and universities.*

Begin Free Trial
No credit card required

25 Sophia partners guarantee credit transfer.

221 Institutions have accepted or given pre-approval for credit transfer.

* The American Council on Education's College Credit Recommendation Service (ACE Credit®) has evaluated and recommended college credit for 20 of Sophia’s online courses. More than 2,000 colleges and universities consider ACE CREDIT recommendations in determining the applicability to their course and degree programs.

Tutorial

ACC 573 help Become Exceptional  / acc573assist.com

ACC 573 Final Exam Guide
FOR MORE CLASSES VISIT
www.acc573assist.com
1. To calculate a company’s average tax rate an analyst would
2. The accumulated benefit obligation measures
3. The major difference between accounting for pensions and the accounting for other postretirement benefits is that firms
4. Which of the following is not part of the balance sheet approach when computing income tax expense?
5. The assessment of earnings quality is best accomplished through the use of which one of the following?
6. Firm’s choices and estimates within U.S. GAAP should be determined by
7. The date on which a firm commits itself to a formal plan to dispose of a segment is the
8. Which of the following statements does not apply to preventing “garbage in, garbage out” when implementing a forecasting game plan
9. Nichols and Wahlen’s 2004 study showed that superior forecasting provides the potential to earn superior security returns. Nichols and Wahlen’s findings indicate
10. Common-size financial statements recast each statement item as
11. Financial statement forecasts rely on additivity within financial statements and articulation across financial statements. Given this information sales growth forecasts will most likely affect growth in
12. Equity-based valuation models are based on all metrics except
13. If a firm has a market beta of 0.9, is subject to an income tax rate of 35 percent, has a risk-free rate of 6 percent, a market risk premium of 7 percent, and has a market value of debt to market value of equity ratio of 60 percent, what does the market expect the firm to generate in terms of equity returns using CAPM?
14. Equity valuation models based on dividends, cash flows, and earnings have been the topic of many theoretical and empirical research studies in recent years. All of the following are true regarding these studies except:
15.
A disadvantage of the free cash flow valuation method i
16.
17.
Operating assets include all of the following except
18. The conceptual framework for free cash flows separates the balance sheet equation into the following categories:
19. If an analyst wants to value a potential investment in the net operating assets of a division of another firm, the analyst should discount the projected free cash flows at the
20. Residual income in a long-run steady-state growth period is referred to as:
21. The two most popular discounted earnings models appear to be
22. Residual income is
23. The market price of a share of common equity reflects
24. Strictly speaking, the price-earnings ratio assumes that firm value is the
25. Valuation using market multiples captures
26. Under the value-to-book model new projects will be abnormally profitable only when
— — — — — — — — — — — — — — — — — — — — — — — — — — —
ACC 573 Midterm Exam Guide
FOR MORE CLASSES VISIT
www.acc573assist.com
ACC 573 Midterm Exam Guide
1. The two categories of shareholders’ equity usually found on the balance sheet of a corporation are
2. When a firm attempting to create unique products or services for particular market niches, in order to achieve relatively high profit margins, this is best known as
3. Which of the following economic characteristics is consistent with a pharmaceutical company?
4. Which of the following economic characteristics is consistent with a commercial bank?
5. Which of the following assets appears on the balance sheet at fair value?
6. The use of acquisition cost as a valuation method is justified on the basis that acquisition cost is:
7. U.S. GAAP, IFRS, and other major accounting standards are best characterized as
8. Toro Company recognized $655,000 of cost of goods sold in 2010, in addition its implementation of a just-in-time inventory system allowed it to reduce its inventory from $325,000 at the beginning of the year to $230,000 at the end of 2010. How much cash did Toro spend for inventory in 2010?
9. Free cash flows to all debt and common equity shareholders represents the excess of cash flows from
10. Normally, cash flows from financing will start using cash during which phase of the product life cycle?
11. When preparing the statement of cash flows using the indirect method, an increase in inventories would appear as
12. Which of the following scenarios is consistent with a increasing cost of goods sold to sales percentage and increasing inventory turnover
13. Which of the following industries would you expect to have, on average, high asset turnover and low profit margin?
14. One important difference between return on assets (ROA) and return on common shareholder’s equity (ROCE) is
15. Sustainable earnings represent
16. Non-U.S. companies that list securities in the United States typically include a risk factors item in the:
17. Economic theory teaches that differences in market returns must relate to differences in
18. One common problem with the current ratio is that it is susceptible to “window dressing.” If prior to the end of the accounting period Saxon Company has a current ratio of 1.5 and management wishes to boost its current ratio it may decide to
19. Which kind of dividends have an interest-bearing promise to pay dividends?
20. Which of the following is the date on which a company determines the owners of the stock that will receive a dividend?
21. Which of the following is the typical tradeoff when issuing preferred stock?
22. An analyst can estimate the average total life of depreciable assets by
23. Which of the following is the least effective way for an analyst to understand whether existing long-lived assets must be replaced?
24. When a foreign entity has the U.S. dollar as its functional currency, it uses which exchange rate to translate monetary assets and liabilities?
25. The method used to account for oil and gas exploration costs that capitalizes the exploration costs of productive wells is the
— — — — — — — — — — — — — — — — — — — — — — — — — — —
ACC 573 Week 1 DQ 1
FOR MORE CLASSES VISIT
www.acc573assist.com
· Based on your review of the SEC reporting requirements as outlined in the Sarbanes-Oxley Act, assess the adequacy of the reporting requirements for providing credible financial and operating information for company stakeholders and potential investors, indicating any gaps identified in the reporting. Provide support for your rationale.
— — — — — — — — — — — — — — — — — — — — — — — — — — —
ACC 573 Week 1 DQ 2
FOR MORE CLASSES VISIT
www.acc573assist.com
· Assess how the GAAP and IFRS convergence project has impacted SEC reporting requirements, predicting the long-term impact of the convergence on reporting. Provide a rationale for your prediction.
— — — — — — — — — — — — — — — — — — — — — — — — — — —
ACC 573 Week 2 DQ 1
FOR MORE CLASSES VISIT
www.acc573assist.com
· Assess how the GAAP and IFRS convergence project has · As a CFO of a publically traded company, suggest how you would create an ethical environment to ensure account balances are correctly valued and reported so that information is reliable for users. Provide support for your rationale.
· Assess the ethical requirements as outlined in the Sarbanes-Oxley Act, indicating whether or not you believe the requirements are adequate to ensure integrity in financial accounting and reporting activities. Suggest improvements that may be needed while providing support for your rationale.
— — — — — — — — — — — — — — — — — — — — — — — — — — —
ACC 573 Week 2 DQ 2
FOR MORE CLASSES VISIT
www.acc573assist.com
· In today’s business environment where publicly traded companies feel pressure to meet short-term earnings expectations, management may be tempted to “manage earnings”. Assess how a financial statement user may be able to detect managed earnings when reviewing the firm’s balance sheet, income statement, and cash-flow statement. Indicate how a potential investor might interpret these “red-flags”. Provide support for your rationale.
· Assess how the Sarbanes-Oxley Act addresses the concern of corporate “managed earnings”, indicating whether or not you believe the requirements within the Act are sufficient to minimize these concerns. Provide support for your rationale.
— — — — — — — — — — — — — — — — — — — — — — — — — — —
ACC 573 Week 3 Assignment 1 Financial Statement Restatement and Ethics
FOR MORE CLASSES VISIT
www.acc573assist.com
Write a two to three (2–3) page paper in which you:
1. Assess the factors that contributed to the financial statement restatement, signifying the executive management team’s attitude toward the restatement. Suggest how the restatement may have been avoided during the initial reporting process.
2. Explain the impact to the company’s stock price when the restatement was released and to future earnings forecast, indicating whether or not you believe the impact to the stock price was justified.
3. Evaluate the restatement in terms of management’s ethical violations according to the requirements of the Sarbanes-Oxley Act, providing recommendations to management on how to avoid these problems in the future. Provide support for your recommendations.
4. Use at least two (2) quality academic resources in this assignment. Note: Wikipedia and other Websites do not quality as academic resources.
— — — — — — — — — — — — — — — — — — — — — — — — — — —
ACC 573 Week 3 DQ 1
FOR MORE CLASSES VISIT
www.acc573assist.com
· As part of the Sarbanes-Oxley Act, corporate officers are no longer able to “pass the buck” of responsibility for ensuring adequate controls over financial statements and reporting activities thus ensuring the accuracy of financial statements. Assess the adequacy of the provisions contained within the Act, indicating whether or not you believe requirements will improve the accuracy of financial statements and reporting. Provide support for your rationale.
· Given the requirements contained in the Act for CEO and CFOs to certify the adequacy of controls and financial statement accuracy, evaluate your comfort level with this requirement should you become a CFO of a publically traded company. Provide support for your rationale.
— — — — — — — — — — — — — — — — — — — — — — — — — — —
ACC 573 Week 4 DQ 1
FOR MORE CLASSES VISIT
www.acc573assist.com
Based on your review of the current requirements of the SEC and FASB, assess the adequacy of the guidelines for ensuring the transparency of off-balance-sheet transactions to investors, indicating where improvements may still be needed. Provide support for your rationale.
As a CFO of a publically traded company, evaluate the pros and cons of using off-balance-sheet financing, including a recommendation as to whether or not you support using these types of arrangements. Provide support for your recommendation
· Given the requirements contained in the Act for CEO and CFOs to certify the adequacy of controls and financial statement accuracy, evaluate your comfort level with this requirement should you become a CFO of a publically traded company. Provide support for your rationale.
— — — — — — — — — — — — — — — — — — — — — — — — — — —
ACC 573 Week 4 DQ 2
FOR MORE CLASSES VISIT
www.acc573assist.com
Based on the information found in the e-Activity, assess the key differences between U.S. GAAP and IFRS reporting for the testing of asset impairment and the requirement to write down the asset value. Indicate whether or not you support the U.S. GAAP or IFRS approach. Provide support for your position.
As an investor, recommend a strategy for evaluating long-lived asset values contained on the balance sheet of a publically traded company so as to minimize the risk to the investor. Provide support for your strategy.
— — — — — — — — — — — — — — — — — — — — — — — — — — —
ACC 573 Week 5 DQ 1
FOR MORE CLASSES VISIT
www.acc573assist.com
Create an argument for the use of Fair Market Accounting as opposed to historical cost. Provide support for your argument.
Evaluate the effectiveness of the accounting principle guidelines for determining the market value of an asset, indicating improvements to these guidelines. Provide support for your recommendations.
Create an argument for the use of Fair Market Accounting as opposed to historical cost. Provide support for your argument.
— — — — — — — — — — — — — — — — — — — — — — — — — — —
ACC 573 Week 5 DQ 2
FOR MORE CLASSES VISIT
www.acc573assist.com
Assess the risks associated with derivatives instruments, indicating how these risks may be minimized for a publically traded company. Provide support for your rationale.
As an investor, assess the potential financial concerns to be raised when reviewing the financial statements of a publically traded company containing derivative instruments providing a recommendation for how the concerns may be identified and addressed.
we have to get ACC 573 DQs tomorrow and ACC 575 all quizzes+ one assignment
— — — — — — — — — — — — — — — — — — — — — — — — — — —
ACC 573 Week 6 DQ 1
FOR MORE CLASSES VISIT
www.acc573assist.com
· The Sarbanes-Oxley (SOX) Act was created with the intent of improving the quality of accounting, reliability of financial statements to investors, and providing oversight to accounting professionals through the creation of a new federal agency, Public Accounting Company Oversight Board (PACOB). Create an argument supporting whether SOX achieved these goals, and whether financial data reported today is more accurate and reliable than prior to the Act. Provide support for your rationale.
· Assess the impact to the Public Accounting Profession with the creation of the PACOB and the inability of the profession to be self-regulated. Indicate your level of support for the federal regulation of the profession. Provide a rationale for your response.
— — — — — — — — — — — — — — — — — — — — — — — — — — —
ACC 573 Week 6 DQ 2
FOR MORE CLASSES VISIT
www.acc573assist.com
· · Assess the impact to public trust when a publically traded company restates its financial data, indicating how negative impressions may be minimized. Provide support for your rationale.
· Evaluate the current trend of companies restating financial statements. Indicate the key drivers of this trend. Predict the trend over the next five years, providing support for your rationale.
— — — — — — — — — — — — — — — — — — — — — — — — — — —
ACC 573 Week 7 Assignment 2 Accounting Quality
FOR MORE CLASSES VISIT
www.acc573assist.com
Write a four to five (4–5) page paper in which you:
1. Assess the roles of the Board of Directors and Chief Executive Officer of a public company for establishing an ethical environment that generates quality accounting and reliable financial reporting for use by shareholders and investors. Provide support for your assessment.
2. Recommend a strategy for a CEO to implement, leading to an ethical environment that leads to high-quality accounting, reporting, and forecasting. Provide support for your recommendation.
3. Suggest how corporate management can provide assurances to investors that the performance forecast and expected earnings will be realized, minimizing the volatility of the stock price. Provide support for your suggestions.
4. Evaluate the consequences to a publically traded company when there is a lack of quality within financial accounting and reporting, indicating how these consequences may be minimized. Provide support for your answer.
5. Assess the requirements of the Sarbanes-Oxley Act related to accounting quality, indicating whether or not you believe the requirements are sufficient to protect stockholders and potential investors. Provide support for your position.
6. Use at least five (5) quality academic resources in this assignment. Note: Wikipedia and other Websites do not quality as academic resources.
— — — — — — — — — — — — — — — — — — — — — — — — — — —
ACC 573 Week 7 DQ 1
FOR MORE CLASSES VISIT
www.acc573assist.com
· Assess the financial performance forecasting process, identifying the assumptions made that are most likely to cause a gap between the forecast and actual performance. Indicate how these gaps may be minimized. Provide support for your rationale.
· Create an argument supporting the value of forecasting to an organization. Provide support for your argument.
— — — — — — — — — — — — — — — — — — — — — — — — — — —
ACC 573 Week 7 DQ 2
FOR MORE CLASSES VISIT
www.acc573assist.com
Assess the market and shareholder behaviors when a publically traded company makes the decision not to pay dividends to its shareholders, suggesting how management should react to these behaviors. Provide support for your rationale.
Evaluate the factors that an investor may consider when deciding whether or not to invest in a company with a policy of non-dividend payments. Indicate whether or not you believe this a prudent choice for some investors. Provide support for your rationale.
— — — — — — — — — — — — — — — — — — — — — — — — — — —
ACC 573 Week 8 DQ 1
FOR MORE CLASSES VISIT
www.acc573assist.com
Create an argument that use of the present value free cash-flow method has a more beneficial economic meaning than earnings-based methods. Provide support for your argument.
Assess the challenges related to using the present value of the free cash-flow valuation method in practice, suggesting how each of these challenges may be overcome. Provide support for your rationale.
— — — — — — — — — — — — — — — — — — — — — — — — — — —
ACC 573 Week 8 DQ 2
FOR MORE CLASSES VISIT
www.acc573assist.com
Assess how the free cash-flow method can be used when a company is profitable yet the cash-flow values are expected to be negative over the next five years, indicating the likely impact on the valuation. Provide support for your rationale.
Assess which cash-flow variables are the most sensitive to change and the likely impact on a firm’s valuation. Provide support for your answer.
— — — — — — — — — — — — — — — — — — — — — — — — — — —
ACC 573 Week 9 DQ 1
FOR MORE CLASSES VISIT
www.acc573assist.com
Create an argument supporting that using the earnings-based valuation method yields the most accurate results. Provide support for your argument.
Assess the challenges related to using the earnings-based valuation method in practice, suggesting how each of these challenges may be overcome. Provide support for your rationale.
— — — — — — — — — — — — — — — — — — — — — — — — — — —
ACC 573 Week 9 DQ 2
FOR MORE CLASSES VISIT
www.acc573assist.com
Evaluate the likely impact on a firm’s valuation when using U.S. GAAP versus IFRS accounting methods, indicating which accounting standards you believe may yield a more favorable result. Provide support for your position.
Determine how a firm’s valuation using the earnings-based valuation method would be impacted when using aggressive versus conservative accounting. Provide evidence supporting your conclusion.
— — — — — — — — — — — — — — — — — — — — — — — — — — —
ACC 573 Week 10 Assignment 3 Company Valuation (Facebook IPO)
FOR MORE CLASSES VISIT
www.acc573assist.com
Write a five to six (5–6) page paper in which you:
1. Evaluate the valuation and method used to determine the Initial Public Offering value of Facebook stock, indicating any miscalculations in the valuation that may have mislead potential investors and how these errors may have been minimized. Provide support for your response.
2. Assess the performance of the stock within the first year of the public offering, indicating the drivers of the performance and the resulting impact to the company performance.
3. Suggest an alternative method of valuation for the company valuation indicated and how it may have yielded a different value and the potential resulting impact to investor decision. Provide support for your rationale.
4. Assess the role of the Chief Executive Officer in relationship to the stock performance, suggesting what the person in that role may have done differently to positively influence the performance of the stock and value to investors. Provide support for your suggestions.
5. Evaluate the risk / reward position to an investor when purchasing stock during an initial public offering, indicating under what circumstances you would advise an investor to do so.
6. Predict the stock price of Facebook over the next five years, indicating the key drivers of the performance and the resulting impact to the stock price. Provide support for your prediction.
1. Use at least five (5) quality academic resources in this assignment. Note: Wikipedia and other Websites do not quality as academic resources.
— — — — — — — — — — — — — — — — — — — — — — — — — — —
ACC 573 Week 10 DQ 1
FOR MORE CLASSES VISIT
www.acc573assist.com
• Create an argument supporting that using the market-based valuation method yields the most accurate results. Provide support for your argument.
• Assess the challenges related to using the market-based valuation method in practice, suggesting how each of these challenges may be overcome. Provide support for your rationale.
— — — — — — — — — — — — — — — — — — — — — — — — — — —