ACCT 460
ACL Assignments Overview
ACL software is bundled with your textbook. The ACL bundled software has a tutorial, which is
a PDF file entitled ACL in Practice. The tutorial contains 7 chapters and uses the sample data
files that are included with the ACL software. To install the software, insert the ACL disk in
your computer’s disk drive and follow the instructions. Follow the following instructions to
access the ACL in Practice:
1. Install ACL on your computer.
2. Click on “ACL in Practice” on the class Web site to open the tutorial.
3. NOTE: The files you use for this assignment will be located at: C:\ACL Data\Sample
Data Files
Deliverables (What you turn in)
1. A cover memo to me (the audit manager) that tells me what you did for each exercise and
the results you found. Don’t describe the actual ACL steps you performed—just a
general narrative. For example: To determine the range of customer numbers, we sorted
the Customer data file based on the Customer Number in descending order and after
sorting, the lowest number was X and the highest number was Y.
Label your steps to reflect the chapter number and specific exercise (e.g., 2.1, 2.2…,
3.1…etc.). If one exercise has more than one task/output, use letters (e.g., 2.1a, 2.1b, etc.)
2. EVERY answer in the memo must include supporting work papers that shows the
answer. Label each exhibit to reflect the chapter number and exercise number and
then in the memo include a reference to the appropriate exhibit (e.g., “See exhibit
3.1”). For tasks where you are just sorting columns, just include the first page (and
last page if needed) of the printout as your exhibit.
>>>>>>>>>>DO NOT STAPLE the Memo to the Work Papers<<<<<<<<<<
Please put the Memo and Work Papers in a 2-pocket folder
Due: Wednesday: March 4
[LATE PROJECTS NOT ACCEPTED!]
ACL Exercises
1. Read Chapter 1: Introducing Metaphor Corporation of the ACL in Practice tutorial.
This chapter provides an overview of the ACL software and tips for proceeding through
the tutorial exercises. [No deliverable from this chapter.]
2. Read Chapter 2: Examine Employee Data of the ACL in Practice tutorial and complete
the five exercises at the end of the chapter. To begin the exercises, click “Start” on your
desktop (lower left corner), move your cursor to “All Programs”, move your cursor to the
ACL Desktop Education Edition folder, and then click on ACL Desktop Education
Edition.
3. Read Chapter 3: Set up Your Project of the ACL in Practice tutorial and complete the
two exercises in the chapter.
4. Read Chapter 4: Begin Your Analysis of the ACL in Practice tutorial and complete the
eight exercises at the end of the chapter.
5. Read Chapter 5: Examine expense patterns in the ACL in Practice tutorial and complete
the six exercises in the chapter (five within the chapter and one at the end).
6. EXTRA CREDIT (25 extra points): Read Chapter 6: Analyze Transactions in the ACL
in Practice tutorial and complete the five exercises at the end of the chapter.