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For more course tutorials visit uophelp.com is now newtonhelp.com www.newtonhelp.com ACC 290 Final Exam Guide(Latest) ACC 290 Week 1 Assignment Preparing an Income Statement Retained Earnings Statement and Balance Sheet ACC 290 Week 2 Analyzing the Effect of Transactions E3-1 (New) ACC 290 Week 2 Text Exercise Ex 1-9, Ex 2-10 (Donavan, Myeneke Corporation) – PowerPoint PPT presentation

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Title: ACC 290 (New) help A Guide to career/newtonhelp.com


1
ACC 290 (New) help A Guide to career/newtonhelp.co
m
2
ACC 290 Entire Course (New Syllabus With Final
Guide)
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  • ACC 290 Final Exam Guide(Latest)
  • ACC 290 Week 1 Assignment Preparing an Income
    Statement Retained Earnings Statement and Balance
    Sheet
  • ACC 290 Week 2 Analyzing the Effect of
    Transactions E3-1 (New)
  • ACC 290 Week 2 Text Exercise Ex 1-9, Ex 2-10
    (Donavan, Myeneke Corporation)
  • ACC 290 Week 3 Preparing a Multiple-Step Income
    Statement Problem 5-5A (Simon Company) 

3
ACC 290 Final Exam Guide (New)
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  • 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.

4
ACC 290 Final Exam Guide(Latest)
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  • The best definition of assets is the
  • collections of resources belonging to the company
    and the claims on these resources.
  • cash owned by the company.
  • owners investment in the business.
  • resources belonging to a company that have future
    benefit to the company.

5
ACC 290 Week 1 Assignment Preparing an Income
Statement Retained Earnings Statement
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  • 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

6
ACC 290 Week 1 Discussion Question 1
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  • 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?

7
ACC 290 Week 1 Discussion Question 2
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  • 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?

8
ACC 205 Week 2 DQ 2 Adjusting Entries (Ash
Course)
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  • We have a New Set of ACC 205 Course Tutorial
    which you can find on this link
  • Explain the purpose of adjusting entries. How is
    net income affected if adjusting entries are not
    made? Describe the four

9
ACC 290 Week 1 Individual Assignment Financial
Statements Paper
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  • 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

10
ACC 290 Week 1 Practice Quiz(New)
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  • 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.
  •              

11
ACC 290 Week 1 Vocabulary Activity (New)
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  • WileyPLUS Assignment Week 1 Vocabulary Activity
  • Resource WileyPLUS
  • Complete the following Week 1 Assignment in
    WileyPLUS
  • Chapter 1 WileyPLUS Crossword Puzzle 1

12
ACC 290 Week 1 WileyPlus Assignment DI1-3,
E1-3,E1-4, E2-4, IFRS2-4 (New)
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  • 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

13
ACC 290 Week 2 Chapter 1,2,3 Orion WileyPlus
Proficiency and Practice Quiz
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  • 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?

14
ACC 290 Week 2 Charter for Collaborative Learning
Activities
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  • 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

15
ACC 290 Week 2 Discussion Question 1
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  • 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

16
ACC 290 Week 2 Discussion Question 2
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  • What accounts are subject to adjusting journal
    entries and why?
  • How would you explain the purpose of the adjusted
    trial balance?

17
ACC 290 Week 2 E3-1 (New)
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  • 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

18
ACC 290 Week 2 LT Reflection Summary (New)
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  • 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. 

19
ACC 290 Week 2 LT Reflection Summary (New)
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  • 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. 

20
ACC 290 Week 2 Practice Quiz (New)
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  • 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

21
ACC 290 Week 2 Vocabulary Activity (New)
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  • WileyPLUS Assignment Week 2 Vocabulary Activity
  • Resource WileyPLUS
  • Complete the following Week 2 Assignment in
    WileyPLUS
  • Question 4

22
ACC 290 Week 2 WileyPlus Assignment BYP2-2,
IFRS2-6, E3-4, E3-8, BYP 3-2, IFRS 3-2, P3-5,
P3-6 (New)
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  • WileyPLUS Assignment Week 2 Assignment
  • Resource WileyPLUS
  • Complete the following Week 2 Assignment in
    WileyPLUS
  •  
  • BYP 2-2

23
ACC 290 Week 3/4 Learning Team Financial
Reporting Problem, Part 1 (2 Different
Papers)(New)
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  • 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

24
ACC 290 Week 3 Chapter 4,5 Orion WileyPlus
Proficiency and Practice Quiz
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  • 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

25
ACC 290 Week 3 Discussion Question 1
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  • 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

26
ACC 290 Week 3 Discussion Question 2
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  • 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?

27
ACC 290 Week 3 LT Reflection Summary
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  • 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.  Prepare an adjusted trial

28
ACC 290 Week 3 Practice Quiz (New)
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  • 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

29
ACC 290 Week 3 Problem 5-5A (Simon Company)
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  • 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

30
ACC 290 Week 3 Vocabulary Activity (New)
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  • WileyPLUS Assignment Week 3 Practice Quiz
  • Resource WileyPLUS
  • Complete the following Week 3 Assignment in
    WileyPLUS
  • Chapter 4 Practice Quiz
  • Making

31
ACC 290 Week 3 WileyPlus Assignment BE4-1, P4-2A,
P4-3A, BYP4-1, IFRS PQ-1, PQ-2, PQ-3, PQ-4 (New)
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  • Assignment Week 3 Assignment
  • Complete the following Week 3 Assignment
  • Brief Exercise 4-1
  • Problem 4-2A
  • Problem 4-3A
  • BYP 4-1

32
ACC 290 Week 4/5 Individual Assignment Financial
Reporting Problem Part II (2 Different
Papers)(
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  • 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

33
ACC 290 Week 4 Chapter 6 Orion WileyPlus
Proficiency and Practice Quiz
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  • 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

34
ACC 290 Week 4 Discussion Question 1
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  • 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

35
ACC 290 Week 4 Discussion Question 2
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  • 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

36
ACC 290 Week 4 LT Reflection Summary
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  • Reflection and Financial Reporting Problem Part
    I.
  • Discuss the objectives for ACC 290 Week Three. 
    How do they relate to the practice of accounting
    and its uses in business

37
ACC 290 Week 4 Practice Quiz (New)
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  • 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

38
ACC 290 Week 4 Vocabulary Activity (New)
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  • WileyPLUS Assignment Week 4 Vocabulary Activity
  • Resource WileyPLUS
  • Complete the following Week 4 Assignment in
    WileyPLUS
  • Chapter 5 Crossword Puzzle 1

39
ACC 290 (New) help A Guide to career/newtonhelp.co
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