Analyzing Valuation and Disclosure of Assets in Financial

School: BACHELOR OF SCIENCE AC116 - Course: Purdue Global University - Subject: Accounting

AC116M1:Analyze the valuation and disclosure of assets in financial statements. If work submitted for this Competency Assessment does not meet the minimum submission requirements, it will be returned without being scored CriteriaMetNot Met Explain fraud and how it is deterred by internal control (Q17, BE8-1, BE8-5, E8-2, E185) Identify cash controls (BE8-6, E8-7, Q26, BE8-13, E190) [Apply internal control by completing a bank reconciliation] (E8-9) Summarize the types of accounts receivables (BE9-1, BE9-2, E192, Matching Q233, Q15) Define accounts receivable method (Q7, Q12, BE9-9, E9-6, E9-10) Calculate notes receivable (Q16, BE185, BE187, BE186, E9-10 E9-12) [Record notes receivable transactions] (E9-1) Apply the historical cost principle (BE10-1, E10-1, E10-2, E10-3, BE228) Compute depreciation and disposal of assets (BE10-4, BE10-9, E10-5, E10-10, E259) Compute depletion of natural resources (BE10-11, E10-11, BE234, E268, Matching Q304) Compute amortization of intangible assets (BE10-12, BE10-13, E10-13, Do It! Review 10-4, E266) [Apply the concepts of depreciation, depletion and amortization to asset information]

(Problem 10-5A) Overall # Bold Criteria Met/Not Met [Overall # Mastery Criteria Met/Not Met] Each bolded criteria item consists of five exercises and/or problems. You must successfully completefive out of the fiveexercises and/or problems to pass the bolded criteria item. Each mastery item consists of one comprehensive problem. You must successfully complete the comprehensive problem to pass the mastery item. The criterion statements inboldare the minimum requirement to show competent performance on the course competency;allboldcriteria must be met to pass this Course Outcome. The criterion statements in [Brackets] represent mastery achievement.A predefined number of mastery criteria must be achieved to earn an A grade, indicating mastery of the Course Outcome.