ACCT 495 Assignment 1-1: CFO Auditors Questions - BAM Year 1

Purpose

To assess your ability to evaluate financial statement data for a corporation in preparation of year-end financial statements and disclosure notes.

Overview

In this assignment you will review journal, ledgers, and financial statements prepared by the CFO, as found in your readings. As a group you will prepare a list of questions for the CFO, and participate in an interactive session to present and discuss your groups' questions.

Action Items

Review the journal, ledgers, and financial statements prepared by the CFO found in Requirement 1's reading. The Requirement 1 document can be found in the Business Activity Model (BAM) under the Year 1 folder. The password is provided by your instructor.

Develop and list 7-10 in-depth questions and/or requests for additional information that you would ask the CFO to provide in order to clarify the financial statement data that you read over. The answers will be used in the preparation of year-end financial statements and disclosure notes.

Be as specific as possible and phrase your requests in the form of questions as they would normally be asked of a client.

Submission Instructions

  1. Click the Submit button in the Toolbox to upload your completed assignment prior to your class meeting.
  2. Bring one copy of your completed work to the meet session for an activity.

Grading Criteria

  • Questions are relevant to current topics and displays critical thinking: 0 - 25 points
  • Identifies the major issues: 0 – 25 points

Answer Detail

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