Chapter 1

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Tutorial Assignment (Estimated time to complete tutor chapter 1 is 15-20 minutes)

Read Chapter 1: Introducing Metaphor Corporation of the ACL Tutor
(Note: ACL software is bundled with each copy of the 4th edition of the textbook. Insert
the ACL disk and follow the instructions to install the software.)
To access the ACL Tutor:
1. After installing ACL Version 8, open the Start Menu on your computer
2. Click All Programs
3. Find the ACL Version 8 folder icon
4. Single click on the ACL Version 8 folder icon to display the folder contents
(i.e., ACL Help, ACL Tutor, ACL Utility, ACL Version 8, Readme).
5. Click on the PDF file, ACL Tutor to open the tutor
6. Alternatively, you can navigate directly to the file, Tutor.pdf, in the folder
where ACL data and the tutor are saved on your hard drive (e.g., C:\ACL 8
Data\Sample Data Files)
(Note: Unless otherwise instructed, please submit your answers to the following exercises
and problems to your instructor in a word processing document.)
Problem 1
Briefly describe Metaphors credit card policy.
Problem 2
Looking at Figure 1-3 in Chapter 1 of your auditing textbook, during which stages of the
financial statement audit process might ACL be the most useful?
Problem 3
Go to the ACL internet website by opening ACL Version 8 and clicking on ACL
Homepage under ACL Weblinks. While on the website, click on Audit under the
Solutions tab. Read that page and explain how ACL can help in an audit.