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ACC 205 Course Begins Education / snaptutorial.com

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For more classes visit www.snaptutorial.com 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 ACC 205 Week 2 Journal Income Statement Journal ACC 205 Week 3 DQ 1 LIFO vs. FIFO ACC 205 Week 3 DQ 2 Depreciation ACC 205 Week 3 Journal Inventory Journal ACC 205 Week 4 DQ 1 Current Liability ACC 205 Week 4 DQ 2 Client Recommendations ACC 205 Week 4 Journal Future Obligations Journal ACC 205 Week 5 Journal Most Important Ratio Journal – PowerPoint PPT presentation

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Title: ACC 205 Course Begins Education / snaptutorial.com


1
ACC 205 Course Begins Education /
snaptutorial.com
For More Course Tutorials
www.snaptutorial.com
2
ACC 205 Course Begins Education /
snaptutorial.com
  • ACC 205 Week 1 DQ 1 Accounting Equation
  • ACC 205 Entire Course
  • 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.
  • 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

3
ACC 205 Course Begins Education /
snaptutorial.com
  • ACC 205 Week 1 Assignment Basic Accounting
    Equations
  • ACC 205 Week 1 DQ 2 Accounts
  • 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.
  • 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.

4
ACC 205 Course Begins Education /
snaptutorial.com
  • ACC 205 Week 2 DQ 1 Accounting Cycle
  • ACC 205 Week 1 Exercise Assignment Basic
    Accounting Equations
  • 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? Why or why not?
  • The 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. Reflect on your personal
    financial situation, can you apply the concepts
    of the Balance Sheet? What did you learn from
    this reflection?

5
ACC 205 Course Begins Education /
snaptutorial.com
  • ACC 205 Week 2 Assignment Revenue and Expenses
  • ACC 205 Week 2 DQ 2 Bank Reconciliation
  • 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, (4) accrued revenue
  • 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?

6
ACC 205 Course Begins Education /
snaptutorial.com
  • ACC 205 Week 3 DQ 1 LIFO vs. FIFO
  • ACC 205 Week 2 Journal Income Statement Journal
  • 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.
  • 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?

7
ACC 205 Course Begins Education /
snaptutorial.com
  • ACC 205 Week 3 DQ 2 Depreciation
  • ACC 205 Week 3 DQ 2 Depreciation
  • Specific identification method. Boston Galleries
    uses the specific identification method for
    inventory valuation. Inventory information for
    several oil paintings follows.
  • 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.

8
ACC 205 Course Begins Education /
snaptutorial.com
  • ACC 205 Week 4 DQ 1 Current Liability
  • ACC 205 Week 3 Journal Inventory Journal
  • 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
    where businesses collect monies.
  • Reflect 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?

9
ACC 205 Course Begins Education /
snaptutorial.com
  • ACC 205 Week 4 Exercise Assignment Liability
  • ACC 205 Week 4 DQ 2 Client Recommendations
  • 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.
  • 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.

10
ACC 205 Course Begins Education /
snaptutorial.com
  • ACC 205 Week 5 DQ 1
  • ACC 205 Week 4 Journal Future Obligations Journal
  • ACC 205 Week 5 DQ 1
  • 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?

11
ACC 205 Course Begins Education /
snaptutorial.com
  • ACC 205 Week 5 Exercise Assignment Financial
    Ratios
  • ACC 205 Week 5 DQ 2
  • Liquidity ratios. Edison, Stagg, and Thornton
    have the following financial information at the
    close of business on July 10
  • ACC 205 Week 5 DQ 2

12
ACC 205 Course Begins Education /
snaptutorial.com
  • ACC 205 Week 5 Journal Most Important Ratio
    Journal
  • ACC 205 Week 5 Final Paper Paper
  • 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?
    Formulate and argument to defend your position.
  • 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?

13
ACC 205 Course Begins Education /
snaptutorial.com
For More Course Tutorials
www.snaptutorial.com
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