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• ACC 290 (NEW) Final Exam guide

• ACC 290 (NEW) Final Exam Guide (New)

• 1)Which financial statement is used to determine
  cash generated from operations? 
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• 2) In terms of sequence, in what order must the
  four basic financial statements be prepared? 
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• 3) In classifying transactions, which of the
  following is true in regard to assets? 
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• ACC 290 (NEW) Finals
• Question 1
• Jackson Company recorded the following cash
  transactions for the year
• Paid 135,000 for salaries.
• Paid 60,000 to purchase office equipment.

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ACC 290 (NEW) Week 1 Discussion Question 1
ACC 290 (NEW) Week 1 Discussion Question 2
What are debits and credits? How are debits and
credits used to record business transactions? Why
do accountants debit asset accounts to increase
them but credit liability accounts to increase
them? Why do accountants debit
What are the four basic financial statements?
What is the primary purpose of each of the four
basic financial statements? In your opinion,
which financial
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ACC 290 (NEW) Week 1 Practice Quiz (New)
ACC 290 (NEW) Week 1 Vocabulary Activity (New)
WileyPLUS Assignment Week 1 Vocabulary
Activity Resource WileyPLUS Complete the
following Week 1 Assignment in WileyPLUS
Chapter 1 WileyPLUS Crossword Puzzle 1
Current assets are expected to be converted to
cash or consumed within the next year or the
normal operating cycle, whichever is longer. 
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ACC 290 (NEW) Week 1 Wiley Plus Assignment DI
1-3, E1-3,E1-4, E2-4, IFRS2-4 (New)
ACC 290 (NEW) Week 2 Discussion Question 1
WileyPLUS Assignment Week 1 Assignment Resource
WileyPLUS Complete the following Week 1
Assignment in WileyPLUS DO IT! 1-3 Exercise
1-3
What is the revenue recognition principle? What
is the expense recognition principle? Why are
they important to financial reporting? What are
adjusting entries and why are they necessary?
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ACC 290 (NEW) Week 2 Discussion Question 2
ACC 290 (NEW) Week 2 LT Reflection Summary
Discuss the objectives for ACC 290 (NEW) Week
One.  How do they relate to the practice of
accounting and its uses in business?  Identify
the four basic financial statements
  What accounts are subject to adjusting journal
entries and why? How would you explain the
purpose of the adjusted trial balance?
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ACC 290 (NEW) Week 2 LT Reflection Summary (New)
ACC 290 (NEW) Week 2 Practice Quiz (New)
ACC 290 (NEW) Week 2 Quiz   Question 1 Expenses
decrease retained earnings.
Discuss the objectives for ACC 290 (NEW) Week
Two. What do you think will be the most important
of the skills learned when you are in an
accounting position? Differentiate between
accrual basis and cash basis of
accounting. Create Adjusting Entries.
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ACC 290 (NEW) Week 2 Vocabulary Activity (New)
ACC 290 (NEW) Week 2 WileyPlus Assignment BYP2-2,
IFRS2-6, E3-4, E3-8, BYP 3-2, IFRS 3-2, P3-5,
P3-6 (New)
WileyPLUS Assignment Week 2 Vocabulary
Activity Resource WileyPLUS Complete the
following Week 2 Assignment in WileyPLUS
Chapter 2 Wiley PLUS Crossword Puzzle 1
Complete the following Week 2 Assignment in
WileyPLUS BYP 2-2 IFRS 2-6
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ACC 290 (NEW) Week 3 by 4 Learning Team Financial
Reporting Problem Part 1 (New)
ACC 290 (NEW) Week 3 Discussion Question 1
Browse the Internet to acquire a copy of the most
recent annual report for a publicly traded
company. Analyze the information contained in the
companys balance sheet and income statement to
answer the following questions
What are the steps in completing the accounting
cycle? How do the different steps affect the
financial statements?
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ACC 290 (NEW) Week 3 Discussion Question 2
ACC 290 (NEW) Week 3 LT Reflection Summary
What are the pros and cons of using reversing
entries? Why are reversing entries optional? What
is the main purpose of a financial statement
worksheet
  Discuss the objectives for ACC 290 (NEW) Week
Two.  What do you think will be the most
important of the skills learned when you are in
an accounting position? 
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ACC 290 (NEW) Week 3 Practice Quiz (New)
ACC 290 (NEW) Week 3 Vocabulary Activity (New)
The revenue recognition principle dictates that
revenue is recognized in the period in which the
cash is received.                          
 Question 2
WileyPLUS Assignment Week 3 Practice
Quiz Resource WileyPLUS Complete the following
Week 3 Assignment in WileyPLUS Chapter 4
Practice Quiz
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ACC 290 (NEW) Week 2 Vocabulary Activity (New)
ACC 290 (NEW) Week 2 WileyPlus Assignment BYP2-2,
IFRS2-6, E3-4, E3-8, BYP 3-2, IFRS 3-2, P3-5,
P3-6 (New)
WileyPLUS Assignment Week 2 Vocabulary
Activity Resource WileyPLUS Complete the
following Week 2 Assignment in WileyPLUS
Chapter 2 Wiley PLUS Crossword Puzzle 1
Complete the following Week 2 Assignment in
WileyPLUS BYP 2-2 IFRS 2-6
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ACC 290 (NEW) Week 3 Wiley Plus Assignment BE4-1,
P4-2A, P4-3A, BYP4-1 (New)
ACC 290 (NEW) Week 4 by 5 Individual Assignment
Financial Reporting Problem Part II (New)
Resource WileyPLUS Complete the following Week 3
Assignment in WileyPLUS Brief Exercise 4-1
Access the internet to acquire a copy of the most
recent annual report for the public traded
company used to complete the Financial Reporting
Problem
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ACC 290 (NEW) Week 4 Discussion Question 1
ACC 290 (NEW) Week 4 Discussion Question 2
How would you calculate cost of goods sold? What
items make up cost of goods sold? How does
beginning and ending inventory affect cost of
goods sold?
What are the three different inventory cost flow
assumptions commonly used in commerce today and
allowed by generally accepted accounting
principles
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ACC 290 (NEW) Week 4 Discussion Question 1
ACC 290 (NEW) Week 4 Discussion Question 2
How would you calculate cost of goods sold? What
items make up cost of goods sold? How does
beginning and ending inventory affect cost of
goods sold?
What are the three different inventory cost flow
assumptions commonly used in commerce today and
allowed by generally accepted accounting
principles
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ACC 290 (NEW) Week 4 LT Reflection Summary
ACC 290 (NEW) Week 4 Practice Quiz (New)
Discuss the objectives for ACC 290 (NEW) Week
Three.  How do they relate to the practice of
accounting and its uses in business?  Prepare
closing entries, reversing entries
             A service company's operating cycle
is ordinarily shorter than that of a
merchandising company. The operating cycle of a
merchandising company is ordinarily
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ACC 290 (NEW) Week 4 Vocabulary Activity (New)
ACC 290 (NEW) Week 4 Wiley plusAssignment P4-8A,
BYP5-1, BYP5-2, BE5-1, BE5-2, IFRS5-2, IFRS5-4,
Do it 5-3, 5-4 (New)
WileyPLUS Assignment Week 4 Vocabulary
Activity Resource WileyPLUS Complete the
following Week 4 Assignment in WileyPLUS
Chapter 5 Crossword Puzzle 1
WileyPLUS Assignment Week 4 Assignment Resource
WileyPLUS Complete the following Week 4
Assignment in WileyPLUS
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ACC 290 (NEW) Week 5 Discussion Question 1
ACC 290 (NEW) Week 5 IFRS Paper (New)
What is the control environment? How does the
control environment affect a companys internal
controls? What are the negative and positive
elements of a control environment?
IFRS 2-1 In what ways does the format of a
statement of financial of position under IFRS
often differ from a balance sheet presented under
GAAP?
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ACC 290 (NEW) Week 5 Learning Team Reflection
Summary (New)
ACC 290 (NEW) Week 5 Wiley Plus Assignment BE6-5,
BE6-7, BYP6-1, BYP6-2, BE7-4, BE7-6, BE5-1,
BE5-2, BE7-5, E4-17, E4-18 (New)
Discuss the objectives for ACC 290 (NEW) Week
Four.  In the wake of accounting scandals over
the past several years, how has the
Sarbanes-Oxley Act (SOX) of 2002
Resource WileyPLUS Complete the following Week 5
Assignment in WileyPLUS Brief Exercise 6-5
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