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ACC 205 ASH Course Real Knowledge /
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ACC 205 ASH Course Real Knowledge /
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• ACC 205 Entire Course(New)

• ACC 205 Final Paper (New)

• ACC 205 Week 1 DQ 1 Accounting Equation
• ACC 205 Week 1 DQ 2 Accounts
• ACC 205 Week 1 Journal Balance Sheet Journal
• ACC 205 Week 2 DQ 1 Accounting Cycle
• ACC 205 Week 2 DQ 2 Bank Reconciliation

• Write a five to seven page financial statement
  analysis of a public company, and formatted
  according to APA style as outlined in the Ashford
  Writing Center. In this analysis you will
  discuss the financial health of this company with
  the ultimate goal of making a recommendation to
  other investors.

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ACC 205 ASH Course Real Knowledge /
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• ACC 205 Week 1 DQ 1 Accounting Equation (New)

• ACC 205 Week 1 DQ 2 Accounts (New)

• Accounting Equation
• As you have learned in this weeks readings the
  Accounting Equation is Owners Equity. Is the
  accounting equation true in all instances?
  Provide sample transactions from your own
  experiences to demonstrate the validity of the
  Accounting Equation

• Accounts
• What does the term account mean? What are the
  different classifications of accounts? How do
  the rules for Debits and Credits impact accounts?
  Please provide an example of how debits and
  credits impact accounts.

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ACC 205 ASH Course Real Knowledge /
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• ACC 205 Week 1 Exercise Assignment Basic
  Accounting Equations (New)

• ACC 205 Week 1 Journal Balance Sheet Journal (New)

• Balance Sheet JournalThe Balance Sheet is a
  financial snap shot of a company at a particular
  point in time. The Balance Sheet lists the
  assets, liabilities, and equity of the company.

• 1) Basic concepts. Jean's Marine Supply
  specializes in the sale of boating equipment and
  accessories. Identify the items that follow as
  an asset (A), liability (L), revenue (R), or
  expense (E) from the firm's viewpoint.
• The inventory of boating supplies
  owned by the company. (A)

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ACC 205 ASH Course Real Knowledge /
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• ACC 205 Week 2 DQ 1 Accounting Cycle (New)

• ACC 205 Week 2 DQ 2 Bank Reconciliation (New)

• Bank Reconciliation
• What is the purpose of a bank reconciliation?
  What are the reasons there are differences
  between the cash reported in the accounting
  records and the cash balance in the bank
  statements

• Financial statements are a product of the
  accounting cycle. Think about two different
  companies, one a manufacturing company, the other
  a retail company. Why would different companies
  have different accounting cycles? Would you
  expect the steps of the accounting cycle to be
  the same for each company?

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ACC 205 ASH Course Real Knowledge /
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• ACC 205 Week 2 Exercise Assignment Revenue and
  Expenses (New)

• ACC 205 Week 2 Journal Income Statement Journal
  (New)

• The Income Statement measures the income and
  expenses of a company over a specific period of
  time. Reflecting on your personal financial
  statement for the past month, can you apply the
  principles of the Income Statement? What did you
  learn from this experience?

• 1. Recognition of concepts. Ron Carroll operates
  a small company that books entertainers for
  theaters, parties, conventions, and so forth. The
  companys fiscal year ends on June 30. Consider
  the following items and classify each as either
  (1) prepaid expense, (2) unearned revenue, (3)
  accrued expense,

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ACC 205 ASH Course Real Knowledge /
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• ACC 205 Week 3 DQ 1 LIFO vs. FIFO (New)

• ACC 205 Week 3 DQ 2 Depreciation (New)

• There is a variety of depreciation methods used
  to allocate the cost of an asset to all of the
  accounting periods benefited by the use of the
  asset. Your client has just purchased a piece of
  equipment for 100,000. Explain the concept of
  depreciation

• The controller of Sagehen Enterprises believes
  that the company should switch from the LIFO
  method to the FIFO method. The controllers
  bonus is based on the next income. It is the
  controllers belief that the switch in inventory
  methods would increase the net income of the
  company

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ACC 205 ASH Course Real Knowledge /
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• ACC 205 Week 3 Exercise Assignment Inventory (New)

• ACC 205 Week 3 Journal Inventory Journal (New)

• Inventory JournalReflect for a moment on the
  LIFO (Last in First Out) and FIFO (First in First
  Out) inventory methods. If you were starting a
  small manufacturing company, what inventory
  method do you believe would provide the most
  accurate financial statements? Why do you believe
  this is the case?

• . Specific identification method. Boston
  Galleries uses the specific identification method
  for inventory valuation. Inventory information
  for several oil paintings follows.
• Painting
• Cost

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ACC 205 ASH Course Real Knowledge /
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• ACC 205 Week 4 DQ 1 Current Liability (New)

• ACC 205 Week 4 DQ 2 Client Recommendations (New)

• What is a current liability? From a user of
  financial statements perspective why do you
  believe current liabilities are separated from
  long-term liabilities? Based on your current
  experience and any additional research you may
  have done provide two examples of situations.

• A client comes to you thinking about starting a
  consulting business. Specifically your client is
  interested in what type of entity should be
  created for this new business. Based on your
  readings or any additional research you may have
  done, discuss the advantages and disadvantages of
  the following

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ACC 205 ASH Course Real Knowledge /
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• ACC 205 Week 4 Exercise Assignment Liability (New)

• ACC 205 Week 4 Journal Future Obligations Journal
  (New)

• . Partner investments journal entries. The LP
  partnership was formed on January 1, 19X7, by
  investments from Bill Levy and Marv Parcells.
  Levy contributed 30,000 cash and 80,000 of
  land. Parcells contributed cash of 50,000 and
  equipment with a value of 20,000.

• The current liability section of the balance
  sheet lists the liabilities that are due within
  the next 12 months. Reflecting on your current
  financial situation, apply the concept of current
  liabilities. What does this analysis tell you
  about your future obligations? What did you
  learn from this experience?

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ACC 205 ASH Course Real Knowledge /
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• ACC 205 Week 5 DQ 1 (New)

• ACC 205 Week 5 DQ 2 (New)

• ACC 205 Week 5 DQ 1

• ACC 205 Week 5 DQ 2

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ACC 205 ASH Course Real Knowledge /
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• ACC 205 Week 5 Exercise Assignment Financial
  Ratios(New)

• ACC 205 Week 5 Journal Most Important Ratio
  Journal(New)

• Reflect for a moment on the ratios (working
  capital, current ratio, quick ratio, debt to
  asset, debt to equity, times interest earned,
  gross margin and net margin) presented this
  week.  If you were considering investing in a
  company what ratio would be the most important to
  you? 

• Financial Ratios
• 1. Liquidity ratios. Edison, Stagg, and
  Thornton have the following financial information
  at the close of business on July 10

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