ACC 290 Course Success is a Tradition - snaptutorial.com

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ACC 290Course Seek Your Dream / snaptutorial.com
The Best way to predict the Future is to create
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ACC 290Course Seek Your Dream / snaptutorial.com
ACC 290 Final Exam Guide For more classes
visit www.snaptutorial.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.
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ACC 290Course Seek Your Dream / snaptutorial.com
ACC 290 Week 1 Assignment Preparing an Income
Statement Retained Earnings Statement and Balance
Sheet For more classes visit www.snaptutorial.com
Purpose of Assignment The purpose of this
assignment is to help students become familiar
with the presentation of the income statement and
the retained earnings statement, including how
parts of the financial statement is evaluated to
determine the operational success of the
business. Assignment Steps Resources Financial
Accounting Tools for Business Decision Making p.
36
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ACC 290Course Seek Your Dream / snaptutorial.com
ACC 290 Week 1 Discussion Question 1 For more
classes visit www.snaptutorial.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 290Course Seek Your Dream / snaptutorial.com
ACC 290 Week 1 Discussion Question 2 For more
classes visit www.snaptutorial.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 290Course Seek Your Dream / snaptutorial.com
ACC 290 Week 1 Practice Quiz For more classes
visit www.snaptutorial.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.
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ACC 290Course Seek Your Dream / snaptutorial.com
ACC 290 Week 1 Vocabulary Activity For more
classes visit www.snaptutorial.com Wiley PLUS
Assignment Week 1 Vocabulary Activity Resource
Wiley PLUS Complete the following Week 1
Assignment in Wiley PLUS Chapter 1 Wiley PLUS
Crossword Puzzle 1
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ACC 290Course Seek Your Dream / snaptutorial.com
ACC 290 Week 1 Wiley Plus Assignment DI1-3,
E1-3,E1-4, E2-4, IFRS2-4 For more classes
visit www.snaptutorial.com Wiley PLUS Assignment
Week 1 Assignment Resource Wiley PLUS Complete
the following Week 1 Assignment in Wiley PLUS
DO IT! 1-3 Exercise 1-3 Exercise 1-4
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ACC 290Course Seek Your Dream / snaptutorial.com
ACC 290 Week 2 Chapter 1,2,3 Orion WileyPlus
Proficiency and Practice Quiz For more classes
visit www.snaptutorial.com ACC 290 Chapter 1
Orion WileyPlus Build your Proficiency Q 1.1
What is the primary purpose of the statement of
cash flows? Q 1.2 Which financial statement
summarizes the financial position of a company? Q
1.3 Which financial statement provides
information for a specific point in time? Q 1.4
The reports revenues and expenses and resulting
net income or less for a period in time. Q
1.5 The income statement does not report cash
received from the sale of stock because it is not
cons
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ACC 290Course Seek Your Dream / snaptutorial.com
ACC 290 Week 2 Charter for Collaborative Learning
Activities For more classes visit www.snaptutorial
.com Resources Week 2 Learning Team
Collaborative Discussion and the Learning Team
Charter for Collaborative Learning
Activities Write a 150- to 200-word individual
response to the following Consider the
multiple definitions of collaboration. Define
collaboration and how you will apply it in this
course based upon the discussion with your
Learning Team. Be sure to reference and cite your
sources.
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ACC 290Course Seek Your Dream / snaptutorial.com
ACC 290 Week 2 Discussion Question 1 For more
classes visit www.snaptutorial.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? receive full credit.
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ACC 290Course Seek Your Dream / snaptutorial.com
ACC 290 Week 2 Discussion Question 2 For more
classes visit www.snaptutorial.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 290Course Seek Your Dream / snaptutorial.com
ACC 290 Week 2 E3-1 (New) For more classes
visit www.snaptutorial.com The balance sheet
makes sure that the finances are in balance.
Below is a list of Thyme Advertising Company,
Inc. transactions. Each of these is affected
differently. Issued common stock to investors
in exchange for cash received from investors.
Paid monthly rent. Received cash from
customers when service was performed.
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ACC 290Course Seek Your Dream / snaptutorial.com
ACC 290 Week 2 LT Reflection Summary For more
classes visit www.snaptutorial.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.
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ACC 290Course Seek Your Dream / snaptutorial.com
ACC 290 Week 2 Practice Quiz For more classes
visit www.snaptutorial.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
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ACC 290Course Seek Your Dream / snaptutorial.com
ACC 290 Week 2 Vocabulary Activity For more
classes visit www.snaptutorial.com Wiley PLUS
Assignment Week 2 Vocabulary Activity Resource
Wiley PLUS Complete the following Week 2
Assignment in Wiley PLUS Chapter 2 Wiley PLUS
Crossword Puzzle 1
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ACC 290Course Seek Your Dream / snaptutorial.com
ACC 290 Week 2 Wiley Plus Assignment BYP2-2,
IFRS2-6, E3-4, E3-8, BYP 3-2, IFRS 3-2, P3-5,
P3-6 For more classes visit www.snaptutorial.com
Wiley PLUS Assignment Week 2 Assignment
Resource Wiley PLUS Complete the following
Week 2 Assignment in Wiley PLUS BYP 2-2
IFRS 2-6 Exercise 3-4
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ACC 290Course Seek Your Dream / snaptutorial.com
ACC 290 Week 3/4 Learning Team Financial
Reporting Problem, Part 1 (2 Different
Papers) For more classes visit www.snaptutorial.
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? What are the total assets at the end
of the previous annual reporting period?
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ACC 290Course Seek Your Dream / snaptutorial.com
ACC 290 Week 3 Chapter 4,5 Orion WileyPlus
Proficiency and Practice Quiz For more classes
visit www.snaptutorial.com ACC 290 Week 3 Chapter
4,5 Orion WileyPlus Proficiency and Practice
Quiz ACC 290 Chapter 4 Orion WileyPlus Build your
Proficiency Q 4.1 Which of the following
statements about accrual-basis accounting is NOT
true? Q 4.2 If a company spends 12 million
dollars for a warehouse, when should the cost be
written off? Q 4.3 If an expense has been used
or consumed but a bill has not been received at
the end of the accounting period, which of the
following is needed?
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ACC 290Course Seek Your Dream / snaptutorial.com
ACC 290 Week 3 Discussion Questions 1 For more
classes visit www.snaptutorial.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 290Course Seek Your Dream / snaptutorial.com
ACC 290 Week 3 Discussion Questions 2 For more
classes visit www.snaptutorial.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 290Course Seek Your Dream / snaptutorial.com
ACC 290 Week 3 Practice Quiz For more classes
visit www.snaptutorial.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
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ACC 290Course Seek Your Dream / snaptutorial.com
ACC 290 Week 3 Problem 5-5A (Simon Company) For
more classes visit www.snaptutorial.com This
Doesnt contain 700 words explanation Purpose
of Assignment The purpose of this assignment is
to help you become familiar with the parts of the
multiple-step income statement. Assignment Steps
Resources Financial Accounting Tools for
Business Decision Making Scenario An
inexperienced accountant prepared this condensed
income statement for Simon Company a retail firm
that has been in business for a number of
years. SIMON COMPANY
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ACC 290Course Seek Your Dream / snaptutorial.com
ACC 290 Week 3 Vocabulary Activity For more
classes visit www.snaptutorial.com Wiley PLUS
Assignment Week 3 Practice Quiz Resource Wiley
PLUS Complete the following Week 3 Assignment in
Wiley PLUS Chapter 4 Practice Quiz
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ACC 290Course Seek Your Dream / snaptutorial.com
ACC 290 Week 3 Wiley Plus Assignment BE4-1,
P4-2A, P4-3A, BYP4- For more classes
visit www.snaptutorial.com Wiley PLUS Assignment
Week 3 Assignment Resource Wiley PLUS
Complete the following Week 3 Assignment in
Wiley PLUS Brief Exercise 4-1
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ACC 290Course Seek Your Dream / snaptutorial.com
ACC 290 Week 4/5 Individual Assignment Financial
Reporting Problem Part II (2 Different
Papers) For more classes visit www.snaptutorial.
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. How are the
companys assets classified?
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ACC 290Course Seek Your Dream / snaptutorial.com
ACC 290 Week 4 Chapter 6 Orion WileyPlus
Proficiency and Practice Quiz For more classes
visit www.snaptutorial.com ACC 290 Chapter 6
Orion WileyPlus Build your Proficiency Q 6.1
Where is inventory reported? Q 6.2 ________
are items that will eventually be used in
production Q 6.3 How is inventory ready for
sale classified in a manufacturing company? Q
6.4 In the perpetual inventory system, which of
the following is NOT a reason to take physical
inventory? Q 6.5 Which of the following is
NOT considered an inventory cost?
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ACC 290Course Seek Your Dream / snaptutorial.com
ACC 290 Week 4 Discussion Question 1 For more
classes visit www.snaptutorial.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? Why are perpetual inventory
systems so much more popular today than back in
the early 1960s and earlier? Why would a company
e cost?
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ACC 290Course Seek Your Dream / snaptutorial.com
ACC 290 Week 4 Discussion Question 2 For more
classes visit www.snaptutorial.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? When it is
most appropriate to use? How does last in, first
out cost flow assumption work? When it is most
appropriate to use? How does an average cost flow
assumption work? When it is most appropriate to
use?
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ACC 290Course Seek Your Dream / snaptutorial.com
ACC 290 Week 4 Evaluate The Inventory Section Of
Two companies Using Basic Comparative
Analysis For more classes visit www.snaptutorial.c
om The purpose of this assignment is to evaluate
the inventory section of two companies using
basic comparative analysis, and to interpret the
data to gain insight about the company's
inventory management. Assignment Steps
Resources Financial Accounting Tools for
Business Decision Making Write a 1,050-word
comparative analysis using the financial
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ACC 290Course Seek Your Dream / snaptutorial.com
ACC 290 Week 4 Practice Quiz For more classes
visit www.snaptutorial.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. The operating cycle of a merchandising
company is ordinarily ___________________ that of
a service firm.
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ACC 290Course Seek Your Dream / snaptutorial.com
ACC 290 Week 4 Vocabulary Activity For more
classes visit www.snaptutorial.com Wiley PLUS
Assignment Week 4 Vocabulary Activity Resource
Wiley PLUS Complete the following Week 4
Assignment in Wiley PLUS Chapter 5 Crossword
Puzzle 1
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ACC 290Course Seek Your Dream / snaptutorial.com
ACC 290 Week 4 Wiley plus Assignment P4-8A,
BYP5-1, BYP5-2, BE5-1, BE5-2, IFRS5-2, IFRS5-4,
Do it 5-3, 5-4 For more classes
visit www.snaptutorial.com Wiley PLUS Assignment
Week 4 Assignment Resource Wiley PLUS Complete
the following Week 4 Assignment in Wiley PLUS
Problem 4-8A BYP 5-1 BYP 5-2 Question 2
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ACC 290Course Seek Your Dream / snaptutorial.com
ACC 290 Week 5 Discussion Question 1 For more
classes visit www.snaptutorial.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? How are these different?
How would you describe the key internal controls
that should be in place to protect cash in a cash
rich environment such as a merchandiser? What are
the key internal controls that should be in place
to protect inventory for a merchandiser that
sells highly desirable and very expensive
inventory, such as jewelry? Would this
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ACC 290Course Seek Your Dream / snaptutorial.com
ACC 290 Week 5 IFRS Paper For more classes
visit www.snaptutorial.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? IFRS 3-1 Describe some of the
issues the SEC must consider in deciding whether
the United States should adopt IFRS.
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ACC 290Course Seek Your Dream / snaptutorial.com
ACC 290 Week 5 Learning Team Reflection
Summary For more classes visit www.snaptutorial.co
m 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 290Course Seek Your Dream / snaptutorial.com
The Best way to predict the Future is to create
it.....To Best way....
www.snaptutorial.com