ACC 290 GENIUS Focus Dreams-acc290genius.com

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ACC 290 GENIUS Focus Dreams-acc290genius.com
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ACC 290 Week 3/4 Learning Team Financial
Reporting Problem, Part 1 (2 Different
Papers)(New)   FOR MORE CLASSES VISIT
www.acc290genius.com     Financial Reporting
Problem Part I 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 companys total assets at
the end of its most recent annual reporting
period? Why is this important?
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ACC 290 Final Exam Guide (New)   FOR MORE CLASSES
VISIT www.acc290genius.com     ACC 290 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. Paid 15,000 for utilities. Paid
6,000 in dividends. Collected 245,000 from
customers. Question 2 Which of the following
describes the classification and normal balance
of the Unearned Rent Revenue account? Question 3
Posting Question 4 The following is selected
information from L Corporation for the fiscal
year ending October 31, 2014.
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ACC 290 Week 1 Discussion Question 1   FOR MORE
CLASSES VISIT www.acc290genius.com     ACC 290
Week One - DQ 1 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 statement is the
most important? Explain why. How would the
financial statements be useful to managers and
employees? How would the financial statements be
useful to investors and creditors?
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ACC 290 Week 1 Discussion Question 2   FOR MORE
CLASSES VISIT www.acc290genius.com     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 expenses to increase
them but credit revenues to increase them?
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ACC 290 Week 1 Individual Assignment Financial
Statements Paper   FOR MORE CLASSES VISIT
www.acc290genius.com     Individual - Financial
Statements Paper - Prepare a 700 -1,050 word
paper in which you identify the four basic
financial statements. Describe the purpose of
each of the four financial statements. Discuss
how the financial statements would be useful to
internal users, such as to managers and
employees. Discuss how the financial statements
would be useful to external users, such as
investors and creditors. Format paper according
to APA standards.
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ACC 290 Week 1 Practice Quiz(New)   FOR MORE
CLASSES VISIT www.acc290genius.com     Question
1 Current assets are expected to be converted to
cash or consumed within the next year or the
normal operating cycle, whichever is longer.
Current assets are economic resources that are
expected to be converted to cash or used up by
the business within one year or the normal
operating cycle, whichever is shorter. Question 2
Land or a building which is currently not used in
operation is considered to be a long-term
investment. A company purchased a tract of land
on which it expects to build a production plant
on in approximately five years.
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ACC 290 Week 1 Vocabulary Activity (New)   FOR
MORE CLASSES VISIT www.acc290genius.com     Wile
yPLUS Assignment Week 1 Vocabulary Activity
Resource WileyPLUS Complete the following Week 1
Assignment in WileyPLUS Chapter 1 WileyPLUS
Crossword Puzzle 1
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ACC 290 Week 1 WileyPlus Assignment DI1-3,
E1-3,E1-4, E2-4, IFRS2-4 (New)   FOR MORE CLASSES
VISIT www.acc290genius.com     WileyPLUS
Assignment Week 1 Assignment Resource WileyPLUS
Complete the following Week 1 Assignment in
WileyPLUS DO IT! 1-3 Exercise 1-3 Exercise
1-4 Exercise Excel E 2-4 IFRS 2-4
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ACC 290 Week 1 WileyPlus Assignment DI1-3,
E1-3,E1-4, E2-4, IFRS2-4 (New)   FOR MORE CLASSES
VISIT www.acc290genius.com     WileyPLUS
Assignment Week 1 Assignment Resource WileyPLUS
Complete the following Week 1 Assignment in
WileyPLUS DO IT! 1-3 Exercise 1-3 Exercise
1-4 Exercise Excel E 2-4 IFRS 2-4
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ACC 290 Week 2 Discussion Question 1   FOR MORE
CLASSES VISIT www.acc290genius.com     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?
What are accruals? Provide examples of accruals.
Why do accruals require adjusting entries? What
are deferrals? What are some examples of
deferrals? Why do deferrals require adjusting
entries?
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ACC 290 Week 2 Discussion Question 2   FOR MORE
CLASSES VISIT www.acc290genius.com     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 Week 2 LT Reflection Summary (New)   FOR
MORE CLASSES VISIT www.acc290genius.com     Disc
uss the objectives for ACC 290 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. Prepare an adjusted trial balance. Write
a 350 to 500 word summary of your Learning Teams
discussion.
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ACC 290 Week 2 LT Reflection Summary   FOR MORE
CLASSES VISIT www.acc290genius.com     Discuss
the objectives for ACC 290 Week One. How do they
relate to the practice of accounting and its uses
in business? Identify the four basic financial
statements. Classify transactions using the rules
of debit and credit. Journalize basic
transactions. Discuss how financial statements
would be useful to external users such as
investors and creditors. Write a 350 to 500 word
summary of your Learning Teams discussion.
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ACC 290 Week 2 Practice Quiz (New)   FOR MORE
CLASSES VISIT www.acc290genius.com     Question
1 Expenses decrease retained earnings. Question 2
During 2014, Gibson Company assets decreased
50,000 and its liabilities decreased 90,000.
Its stockholders equity Question 3 Payment of a
dividend Question 4 An account is a part of the
financial information system and is described by
all except which one of the following? Question 5
Which accounts normally have debit balances?
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ACC 290 Week 2 Vocabulary Activity (New)   FOR
MORE CLASSES VISIT www.acc290genius.com     Wile
yPLUS Assignment Week 2 Vocabulary Activity
Resource WileyPLUS Complete the following Week 2
Assignment in WileyPLUS Chapter 2 Wiley PLUS
Crossword Puzzle 1
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ACC 290 Week 2 WileyPlus Assignment BYP2-2,
IFRS2-6, E3-4, E3-8, BYP 3-2, IFRS 3-2, P3-5,
P3-6 (New)   FOR MORE CLASSES VISIT
www.acc290genius.com     ACC 290 Week One - DQ
1 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 statement is the most important?
Explain why. How would the financial statements
be useful to managers and employees? How would
the financial statements be useful to investors
and creditors?
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ACC 290 Week 3 Discussion Question 1   FOR MORE
CLASSES VISIT www.acc290genius.com     What are
the steps in completing the accounting cycle? How
do the different steps affect the financial
statements? What is the effect on the financial
statements of missing a step when completing the
accounting cycle? What are the four closing
journal entries? Why are they necessary? What are
reversing entries? Why are they used? What are
the pros and cons of using reversing entries? Why
are reversing entries optional?
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ACC 290 Week 3 Discussion Question 2   FOR MORE
CLASSES VISIT www.acc290genius.com     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 and
its benefits? How has automation aided the
preparation, accuracy, and use of the financial
statement worksheet?
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ACC 290 Week 3 LT Reflection Summary   FOR MORE
CLASSES VISIT www.acc290genius.com     Discuss
the objectives for ACC 290 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.
Prepare an adjusted trial balance. Write a 350 to
500 word summary of your Learning Teams
discussion.
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ACC 290 Week 3 Practice Quiz (New)   FOR MORE
CLASSES VISIT www.acc290genius.com     Question
1 The revenue recognition principle dictates that
revenue is recognized in the period in which the
cash is received. Question 2 The generally
accepted accounting principle which dictates that
revenue be recognized in the accounting period in
which the performance obligation is satisfied is
the Question 3 Which statement is correct?
Question 4 Book value is equal to cost minus
accumulated depreciation.
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ACC 290 Week 3 Vocabulary Activity (New)   FOR
MORE CLASSES VISIT www.acc290genius.com     Wile
yPLUS 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 Week 3 WileyPlus Assignment BE4-1, P4-2A,
P4-3A, BYP4-1, IFRS PQ-1, PQ-2, PQ-3, PQ-4
(New)   FOR MORE CLASSES VISIT www.acc290genius.
com     Assignment Week 3 Assignment Complete
the following Week 3 Assignment Brief Exercise
4-1 Problem 4-2A Problem 4-3A BYP 4-1
IFRS Practice Question 1 IFRS Practice Question
2 IFRS Practice Question 3 IFRS Practice
Question 4
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ACC 290 Week 4 Discussion Question 1   FOR MORE
CLASSES VISIT www.acc290genius.com     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 journal entries a
merchandising organization would use to record
the purchase and subsequent sale of merchandise?
How would these transactions differ with a
periodic versus a perpetual inventory system?
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ACC 290 Week 4 Discussion Question 2   FOR MORE
CLASSES VISIT www.acc290genius.com     What are
the three different inventory cost flow
assumptions commonly used in commerce today and
allowed by generally accepted accounting
principles? How does a company determine what
cost flow assumption they should use? How does
first in, first out cost flow assumption work?
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ACC 290 Week 4 LT Reflection Summary   FOR MORE
CLASSES VISIT www.acc290genius.com     Reflectio
n and Financial Reporting Problem Part I. Discuss
the objectives for ACC 290 Week Three. How do
they relate to the practice of accounting and its
uses in business? Prepare closing entries,
reversing entries, and a post closing trial
balance. Prepare a financial statement work
sheet.
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ACC 290 Week 4 Practice Quiz (New)   FOR MORE
CLASSES VISIT www.acc290genius.com     Question
1 A service company's operating cycle is
ordinarily shorter than that of a merchandising
company. The operating cycle of a merchandising
company is ordinarily shorter than that of a
service company. Question 2 Due to the turnover
time of inventory, merchandising companies have
an operating cycle that is longer than a service
company.
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ACC 290 Week 4 Vocabulary Activity (New)   FOR
MORE CLASSES VISIT www.acc290genius.com     Wile
yPLUS Assignment Week 4 Vocabulary Activity
Resource WileyPLUS Complete the following Week 4
Assignment in WileyPLUS Chapter 5 Crossword
Puzzle 1
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ACC 290 Week 4 Wileyplus Assignment P4-8A,
BYP5-1, BYP5-2, BE5-1, BE5-2, IFRS5-2, IFRS5-4,
PQ-1, PQ-2, PQ-3 (New)   FOR MORE CLASSES VISIT
www.acc290genius.com     Week 4 Assignment
Complete the following Week 4 Assignment in
Problem 4-8A Brief Exercise 5-1 Brief Exercise
5-2 BYP 5-1 BYP 5-2 IFRS 5-2 IFRS 5-4 Practice
Question 1 Practice Question 2 Practice Question 3
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ACC 290 Week 5 Discussion Question 1   FOR MORE
CLASSES VISIT www.acc290genius.com   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? What are two examples of
strong and weak internal controls in
organizations where you have worked or have
first-hand knowledge?
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ACC 290 Week 5 IFRS Paper (New)   FOR MORE
CLASSES VISIT www.acc290genius.com   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? IFRS
2-2 Do the IFRS and GAAP conceptual frameworks
differ in terms of the objective of financial
reporting? Explain. IFRS 2-3 What terms commonly
used under IFRS are synonymous with common stock
and balance sheet?
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ACC 290 Week 5 Learning Team Reflection ummary
(New)   FOR MORE CLASSES VISIT www.acc290genius.
com   Reflection and Financial Reporting Problem
Part II. Discuss the objectives for ACC 290 Week
Four. In the wake of accounting scandals over the
past several years, how has the Sarbanes-Oxley
Act (SOX) of 2002 affected the practice of
accounting? What is the role of internal controls
in complying with SOX (2002)? Write a 350 to 500
word summary of your Learning Teams discussion.
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ACC 290 Week 5 WileyPlus Assignment BE6-5, BE6-7,
BYP6-1, BYP6-2, BE7-4, BE7-6, IFRS PQ-1, PFRS
PQ-2(New)   FOR MORE CLASSES VISIT
www.acc290genius.com   Assignment Week 5
Assignment Complete the following Week 5
Assignment IFRS Practice Question 1 IFRS Practice
Question 2 Brief Exercise 6-5 Brief Exercise 6-7
BYP 6-1 BYP 6-2 Brief Exercise 7-4 Brief Exercise
7-6
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ACC 290 Week 4/5 Individual Assignment Financial
Reporting Problem Part II (2 Different
Papers)(New)   FOR MORE CLASSES VISIT
www.acc290genius.com   Financial Reporting
Problem Part II 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, Part 1 assignment
due in ACC 290 Week Four. Analyze the information
contained in the companys balance sheet and
income statement to answer the following
questions Are the assets included under the
companys current assets listed in the proper
order? Explain your answer.
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ACC 290 GENIUS Focus Dreams-acc290genius.com
FOR MORE CLASSES VISIT www.acc290genius.com