ACC 225 Complete Class

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ACC 225

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ACC 225 Complete Class

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• ACC 225
•  
• Financial Accounting
•  
•  
•  
• Week One Accounting Information and Financial
  Statements
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• Discussion Questions
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ACC 225 Week 1 Checkpoint Financial Statements

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• CheckPoint Financial Statements
• Resource Fundamental Accounting Principles,
  Ch. 1
• Due Date Day 5 post to the Individual forum
• Consider that you have been asked to explain
  financial statements to someone who
• knows nothing about accounting.
• Review the information on financial statements
  in Ch. 1 of Fundamental Accounting
• Principles.
• Discuss, in 200 300 words, each of the four
  financial statements. Explain the different
• components of the statements as well as what the
  statements tell about a business.
•  
•  

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ACC 225 Week 1 DQ 1 and DQ 2

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• iscussion Question 1
• Due Date Day 2 post to the Main forum
• Post your response to the following Interview
  a friend or family member about his/her
• work environment. Is his/her organization a sole
  proprietorship, partnership, or
• corporation? Who is involved with the accounting
  decisions and information? In what
• ways is your friend or family member affected by
  the accounting information?
•  
• Discussion Question 2
• Due Date Day 4 post to the Main forum
• Post your response to the following Describe
  one of the four basic financial statements,
• and answer the following questions.

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ACC 225 Week 1 Exercise Accounting and Business
Organizations

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• Exercises Accounting and Business Organizations
• Resource Fundamental Accounting Principles, p.
  30
• Due Date Day 5
• Post your answers to Exercises 1 1 and 1 4.

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ACC 225 Week 2 Assignment Preparing Journal
Entries and Trial Balances

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• Assignment Preparing Journal Entries and Trial
  Balances
• Resource Fundamental Accounting Principles,
  pp. 76 and 80
• Due Date Day 7 Individual forum
• Complete Exercises 2 4 and 2 5 on p. 76 and
  Problem 2 2A on p. 80.
• Post your answers as an attachment.
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•  

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ACC 225 Week 2 CheckPoint Debits and Credits

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• CheckPoint Debits and Credits
• Resource Fundamental Accounting Principles, p.
  74
• Due Date Day 4 Individual forum
• Post your answers to Quick Study questions QS 2
  3, QS 2 4, and QS 2 5

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ACC 225 Week 3 Checkpoint Adjustments and Accrual
and Cash Basis

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• CheckPoint Adjustments and Accrual and Cash
  Basis Accounting
• Resource Fundamental Accounting Principles,
  pp. 116 118 and 120
• Due Date Day 5 Individual forum
• Complete Quick Study questions QS 3 1 and QS 3
  9 on pp. 116 and 117 and Exercises
• 3 1 and 3 7 on pp. 118 and 120.
• Post your answers as an attachment.
•  

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ACC 225 Week 3 DQ 1 and DQ 2

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• Discussion Question 1
• Due Date Day 2 Main forum
• Post your response to the following
• o What is the difference between cash basis and
  accrual basis accounting?
• o Why do accrual basis financial statements
  provide more useful information than
• cash basis financial statements?
• o Describe when each method (cash basis and
  accrual basis accounting) would be
• appropriate to use.
•  
•  
• Discussion Question 2

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ACC 225 Week 4 Assignment Preparing Entries and
Statements

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• Assignment Preparing Entries and Statements
• Resources Fundamental Accounting Principles,
  pp. 165 167
• Due Date Day 7 Individual forum
• Complete Problems 4 5A and 4 6A. When
  responding to the analysis component of 4
• 5A, be sure to think critically about the
  possible errors that are described. In your
  answer,
• be sure to carefully analyze the worksheet as if
  the errors were made and present the
• evidence for your explanation. Identify the
  consequences of the errors and describe their
• impact on the financial statements. Explain
  whether the error is likely to be discovered
• when completing the worksheet.
• Post your answers as an attachment.
•  
•  

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ACC 225 Week 4 Checkpoint Preparing Balance
Sheets and Statements

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• CheckPoint Preparing Balance Sheets and
  Statements
• Resource Fundamental Accounting Principles,
  pp. 156 and 159
• Due Date Day 4 Individual forum
• Complete Quick Study question QS 4 2 on p. 156
  and Exercises 4 4 and 4 5 on p. 159.
• Post your answers as an attachment

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ACC 225 Week 5 Checkpoint Inventory Systems and
Calculating Revenues, Expenses, and Income

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• CheckPoint Inventory Systems and Calculating
  Revenues, Expenses, and Income
• Resource Fundamental Accounting Principles,
  pp. 206, 208, and 209.
• Due Date Day 5 Individual forum
• Complete Quick Study question QS 5 8 on p. 206
  and Exercises 5 9 and 5 13 on pp.
• 208 209.
• Post your answers as an attachment.
•  
•  

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ACC 225 Week 5 DQ 1 and DQ 2

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• Discussion Question 1
• Due Date Day 2 Main forum
• Post your response to the following Find the
  financial statements of a service company
• and of a merchandising company
  http//highered.mcgrawhill.
• com/sites/0072512431/student_view0/chapter1/text_c
  ompany_links.html
• What items appear on the merchandising company
  statements that dont appear on the
• service company statements? Why is there a
  difference?
•  
• Discussion Question 2
• Due Date Day 4 Main forum
• Post your response to the following Read the
  BTN5 3 Ethics Challenge on p. 218 of the

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ACC 225 Week 6 Assignment Estimating Inventory
and Preparing Multiple Step and Single Step
Income 

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• Assignment Estimating Inventory and Preparing
  Multiple Step and Single Step Income
• Statements
• Resource Fundamental Accounting Principles,
  pp. 251 and 256
• Due Date Day 7 Individual forum
• Complete Problems 5 4A on p. 212, 6 1A on p.
  251, and 6 6B and 6 7B on p. 256.
• Post your answers as an attachment.

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ACC 225 Week 6 Checkpoint Computing Inventory
Balances and Lower of Cost or Market

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• CheckPoint Computing Inventory Balances and
  Lower of Cost or Market
• Resource Fundamental Accounting Principles,
  pp. 247 249
• Due Date Day 4 Individual forum
• Complete Quick Study question QS 6 1 on p. 247
  and Exercises 6 1 and 6 5 on pp. 248
• and 249.

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ACC 225 Week 7 Checkpoint Accounting Information
Systems and Special Journals

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• CheckPoint Accounting Information Systems and
  Special Journals
• Resource Fundamental Accounting Principles,
  pp. 289, 290, and 291
• Due Date Day 5 Individual forum
• Complete Quick Study questions QS 7 1 and QS 7
  3 on p. 289, and Exercises 7 1, 7 4,
• 7 7, and 7 10 on pp. 290 291.
• Post your answers as an attachmen
•  
•  
•  

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ACC 225 Week 7 DQ 1 and DQ 2

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• Discussion Question 1
• Due Date Day 2 Main forum
• Post your response to the following Megagrocer
  is a grocery chain that operates five
• stores. The stores are supplied with produce,
  meat, dairy, and dry goods by six separate
• vendors. In addition to the stores, Megagrocer
  maintains an ecommerce site through
• which customers can order and pay for groceries.
  The groceries are packed and
• delivered to customers from one of the five
  stores in a Megagrocer van by that stores
• personnel. Think about the accounting information
  systems that Megagrocer might use.
• o What types of source documents might be
  collected by Megagrocer to be processed
• by its accounting information systems?
• o Why are those documents important?

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ACC 225 Week 8 Assignment Internal Control and
Bank Reconciliations

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• Assignment Internal Control and Bank
  Reconciliations
• Resource Fundamental Accounting Principles,
  pp. 338 and 339
• Due Date Day 7 Individual forum
• Complete Problems 8 1A, 8 3A, and 8 4A
  (including the Analysis Component) on pp.
• 338 339. When responding to the cases in 8 1A, be
  sure to think critically about each
• case. Identify the principles of internal control
  that has been violated, and give an
• explanation of why you think that principle has
  been violated. Identify the consequences
• of the actions described in the cases. Make a
  recommendation for what the business
• should do to ensure adherence to principles of
  internal control.
• Use the spreadsheet in Appendix B available on
  aXcess to complete Problem 8 4A. Be
• sure to use the tabs labeled SP08 04A and Given
  P08 04A

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ACC 225 Week 8 Checkpoint Internal Control and
Bank Reconciliations

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• CheckPoint Internal Control and Bank
  Reconciliations
• Resource Fundamental Accounting Principles,
  pp. 335 and 336
• Due Date Day 4 Individual forum
• Complete Quick Study question QS 8 6 on p. 335,
  and Exercises 8 3 and 8 4 on p. 336.
• Post your answers as an attachment.

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ACC 225 Week 9 Capstone DQ

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• Capstone Discussion Question
• Due Date Day 3 Main forum
• Post your response to the following A major
  network is launching a reality program
• called The Accountant. A group of recent
  accounting graduates will be competing for a
• spot in a national accounting firm. What would
  make someone a good candidate for The
• Accountant? Describe three challenges the
  candidates should complete on the program,
• using as much detail as you can.
• The challenges should test contestants skill in
  challenges related to topics covered in
• this course. Be creative. Describe how the
  challenge will test the contestants accounting
• skill(s) and knowledge as well as the skills the
  contestant should have to complete each
• challenge successfully.

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ACC 225 Week 9 Final Project Comprehensive
Problem Perpetual

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• Final Project Comprehensive Problem Perpetual
• Resources Appendix A, Fundamental Accounting
  Principles, p. 301, and Appendix C
• Due Date Day 7 Individual forum
• Complete the Comprehensive Problem Perpetual.
  In this project, follow the steps of the
• accounting cycle to process given transactions in
  a business environment. Then,
• synthesize special journals, a trial balance,
  financial statements, and a post closing trial
• balance.
• Use the spreadsheet in Appendix C available on
  aXcess to complete the problems. Be
• sure to use the tabs labeled P07C and Given P07C.
• Post your answers as an attachment.
•