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ACC 290 NEW Academic Coach/uophelp

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ACC 290 Week 1 Discussion Question 1 ACC 290 Week 1 Individual Assignment Financial Statements Paper ACC 290 Week 1 Vocabulary Activity (New) ACC 290 Week 2 Discussion Question 1 ACC 290 Week 2 LT Reflection Summary (New) ACC 290 Week 2 Practice Quiz (New) ACC 290 Week 3 Discussion Question 1 ACC 290 Week 3 LT Reflection Summary ACC 290 Week 3 of 4 Learning Team Financial Reporting Problem, Part 1 (New) ACC 290 Week 3 WileyPlus Assignment BE4-1, P4-2A, P4-3A, BYP4- (New) ACC 290 Week 4 Discussion Question 1 ACC 290 Week 4 LT Reflection Summary – PowerPoint PPT presentation

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Title: ACC 290 NEW Academic Coach/uophelp


1
ACC 290 NEW Course Tutorial
  • For more course tutorials visit
  • www.uophelp.com

2
ACC 290 NEW Course Tutorial
  • ACC 290 NEW Week 1 Discussion Question 1
  • ACC 290 NEW Week 1 Discussion Question 2
  • ACC 290 NEW 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?
  • 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?

3
ACC 290 NEW Course Tutorial
  • ACC 290 NEW Week 1 Individual Assignment Financial
  • ACC 290 NEW Week 1 Practice Quiz(New)
  • 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.
  • 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.

4
ACC 290 NEW Course Tutorial
  • ACC 290 NEW Week 1 Vocabulary Activity (New)
  • ACC 290 NEW Week 1 WileyPlus Assignment DI1-3,
    E1-3,E1-4,
  • WileyPLUS Assignment Week 1 Vocabulary Activity
  • Resource WileyPLUS
  • Complete the following Week 1 Assignment in
    WileyPLUS
  • Chapter 1 WileyPLUS Crossword Puzzle 1
  • 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

5
ACC 290 NEW Course Tutorial
  • ACC 290 NEW Week 2 Discussion Question 1
  • ACC 290 NEW Week 2 Discussion Question 2
  • 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 accounts are subject to adjusting journal
    entries and why?
  • How would you explain the purpose of the adjusted
    trial balance?

6
ACC 290 NEW Course Tutorial
  • ACC 290 NEW Week 2 LT Reflection Summary (New)
  • ACC 290 NEW Week 2 LT Reflection Summary
  • 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.
  • Prepare an adjusted trial balance.
  • 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. 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.

7
ACC 290 NEW Course Tutorial
  • ACC 290 NEW Week 2 Practice Quiz (New)
  • ACC 290 NEW Week 2 Vocabulary Activity (New)
  • 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
  • WileyPLUS Assignment Week 2 Vocabulary Activity
  • Resource WileyPLUS
  • Complete the following Week 2 Assignment in
    WileyPLUS
  • Chapter 2 Wiley PLUS Crossword Puzzle 1

8
ACC 290 NEW Course Tutorial
  • ACC 290 NEW Week 2 WileyPlus Assignment BYP2-2,
  • ACC 290 NEW Week 3 Discussion Question 1
  • WileyPLUS Assignment Week 2 Assignment
  • Resource WileyPLUS
  • Complete the following Week 2 Assignment in
    WileyPLUS
  • BYP 2-2
  • 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?

9
ACC 290 NEW Course Tutorial
  • 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 and its benefits? How has automation
    aided the preparation, accuracy, and use of the
    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? 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.

10
ACC 290 NEW Course Tutorial
  • ACC 290 NEW Week 3 of 4 Learning Team Financial
  • ACC 290 NEW Week 3 Practice Quiz (New)
  • 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?
  • 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

11
ACC 290 NEW Course Tutorial
  • ACC 290 NEW Week 3 Vocabulary Activity (New)
  • ACC 290 NEW Week 3 WileyPlus Assignment BE4-1,
    P4-2A,
  • WileyPLUS Assignment Week 3 Practice Quiz
  • Resource WileyPLUS
  • Complete the following Week 3 Assignment in
    WileyPLUS
  • Chapter 4 Practice Quiz
  • WileyPLUS Assignment Week 3 Assignment
  • Resource WileyPLUS
  • Complete the following Week 3 Assignment in
    WileyPLUS
  • Brief Exercise 4-1
  • Problem 4-2A

12
ACC 290 NEW Course Tutorial
  • 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 journal entries a
    merchandising organization would use to record
    the purchase and subsequent sale of merchandise?
    How would these transactions differ with a
    periodic
  • 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?

13
ACC 290 NEW Course Tutorial
  • ACC 290 NEW Week 4 LT Reflection Summary
  • ACC 290 NEW Week 4 of 5 Individual Assignment
    Financial
  • Reflection and Financial Reporting Problem Part
    I.
  • 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, and a post
    closing trial balance. Prepare a financial
    statement work sheet. Prepare a classified
    income statement, retained earnings statement and
    balance sheet. Write a 350 to 500 word
  • 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 NEW
    Week Four. Analyze the information contained in
    the companys balance sheet and income statement
    to answer the following questions

14
ACC 290 NEW Course Tutorial
  • ACC 290 NEW Final Exam Guide (New)
  • 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.
  • Paid 15,000 for utilities.
  • Paid 6,000 in dividends.

15
ACC 290 NEW Course Tutorial
For more course tutorials visit www.uophelp.com
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