Using the internet find a recent example of billing or expense schemes. State your findings
and include what preventative measures the company could have implemented. Be sure to
include a link.
The article, A billing scam just cost AT&T 7.7 million
What are some of the key points of the article?
What is the nature of the fraud, how it was carried out, and by whom.
Identify who the stakeholders are, and what are the implications to each. How the fraud was
discovered/exposed. Were internal or external
Find an article about a business-related fraud that supports or refutes the need for a Fraud
Diamond. Include a link to the article and explain why you selected it. Can using the fraud
diamond lead to improvement in fraud prevention and detection? Provide
EXERCISE 6-4 (1520 minutes)
Future value of an ordinary
annuity of $4,000 a period
for 20 periods at 8%
$183,047.84 ($4,000 X 45.76196)
Factor (1 + .08)
Future value of an annuity
due of $4,000 a period at 8% $197,6
Present value of an o
Chapter 5 Homework
E5-11 (L03) EXCEL (Balance Sheet Preparation) Presented below is the adjusted trial balance of Kelly
Corporation at December 31, 2017.
1. Net loss for the year was $2,500.
Chapter 2 Homework
Week 2 - Your Homework this week consists of the following problems: E2-1, E2-7, CA2-8
E2-1 (L01,2) (Usefulness, Objective of Financial Reporting) Indicate whether the following
statements about the
Fall 2016 Week 12 Homework
BE11-1 (L01) Fernandez Corporation purchased a truck at the beginning of 2017 for
The truck is estimated to have a salvage value of $2,000 and a useful life of 160,000 miles. It
Chapter 6 Homework
E6-4 (L03,4) (Computation of Future Values and Present Values) Using the appropriate interest table, answer the following questions. (Each case is independent of the others).
(a) What is the future
Federal Taxation II Week 5 Assignment
September 28, 2016
1. Rachel owns the following business equipment:
FMV in 201
WEEK 3 HOMEWORK ASSIGNMENT- 240
FUTURE VALUE OF A SINGLE AMOUNT:
Interest Rate Per Year
Number of Years
PRESENT VALUE OF A SINGLE AMOUNT:
Interest Rate Per Year
WEEK 5 HOMEWORK ASSIGNMENT- 240
U.S. Treasury Security Nominal Rate of Return =
Inflation Rate =
Number of shirts he can purchase:
% of more or less polo shirts he ca
E7-2 (Determine Cash Balance) Presented below are a number of
For each individual situation, determine the amount that should be reported as cash. If the
item(s) is not reported as cash, explain the rationale.
P6-8 (L04) (Analysis of Alternatives) Ellison Inc., a manufacturer of steel school lockers, plans to purchase a new punch
manufacturing process. After contacting the appropriate vendors, the purchasing department received differing terms an
Week 3 Homework Assignment
CA4-6 (Classification of Income Statement Items) As audit partner for Grupo and Rijo, you are
in charge of reviewing the classification of unusual items that have occurred during the current year. The
Statement of Cash Flows
For the Year Ened December 31, 2017
Cash flows from Operating Activities
Net Income for the year
Adjustments to Reconcile Net Income
to Net Cash Provided by Operating Activities:
E7-8 Recording Bad Debts
At the end of 2017, Aramis Company has accounts receivable of $800,000 and an allowance for doubtful
accounts of $40,000. On January 16, 2018, Aramis Company determined that its receivable from Ramirez
Company of $6,000 will not b
E16-1 (Issuance and Conversion of Bonds) For each of the unrelated transactions decribed below, present the
entry(ies) required to record each transaction.
1. Grand Corp. issued $20,000,000 par value 10% convertible bonds at 99. If the bonds had not been
Week 5 Homework Assignment
E6-5 (Computation of Present Value) Using the appropriate interest table, compare the present
values of the following periodic amounts due at the end of designated periods.
(a) $30,000 receivable at the end o
Generally Accepted Accounting Principles (GAAP) is composed of over 2,000 documents that have been
developed over the last 70 ye
E15-1 (Recording the Issuances of Common Stock) During its first year of operations, Collin Raye
Corporation had the following transactions pertaining to its common stock.
shares for cash at
shares to at
Indicate whether each of the items above should be classified on December 31, 2017, as a current liability, a long-term liab
other classification. Consider each one independently from all others; that is, do n
E13-1 (Balance Sheet Classification of Various Liabilities) How would each of the following items be reported on the balanc
(a) Accrued vacation Pay
(b) Estimated taxes payable
(c) Service warranties on appliance sales.
Week 5 Homework Assignment
E6-4 (Computation of Future Values and Present Values) Using appropriate interest table, answer
the following questions. (Each case is independent of the others).
(a) What is the future value of 20 periodic p
Multistep Income statement
less Cost of goods sold
Depreciation of sales
Week 9 Homework Assignment
Floyd Corporation has the following four items in its ending inventory.
Net Realizable Value (NRV)
Week #4 Homework Assignment
E5-16: Using Yahoo Finance- Look up Under Armor. For the period ending 12/31/15, complete the
following ratios for both 2015 and 2014 (the financial statements should be comparative as present