ACC 290 UOP TUTORIAL / Uoptutorial

1. ACC 290 UOP Courses For more course tutorials visit www.uoptutorial.com Get Ready to grant success at exam by shop at uoptutorial

2. ACC 290 UOP Courses • Week 1 Discussion Question 1 • Week 1 Discussion Question 2 • Week 1 Individual Assignment Financial Statements Paper • Week 2 Discussion Question 1 • Week 2 Discussion Question 2 • Week 2 Individual WileyPLUS Assignment Week Two -Exercise E3-4 ,E3-9 Problem 3-5A, 3-6A • 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. ACC 290 ENTIRE COURSE ACC 290 Final Exam Guide (New)

3. ACC 290 UOP Courses • we have another New set of Final Exam which could be found on this link • http://www.uoptutorial.com/index.php?route=product/product&path=737&product_id=11101 • 1) Which financial statement is used to determine cash generated from operations? • 2) In terms of sequence, in what order must the four basic financial statements be prepared? • 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? ACC 290 FINAL EXAM GUIDE ACC 290 WEEK 1 DISCUSSION QUESTION 1

4. ACC 290 UOP Courses • 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? • 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. ACC 290 WEEK 1 DISCUSSION QUESTION 2 INDIVIDUAL ASSIGNMENT FINANCIAL STATEMENTS PAPER

5. ACC 290 UOP Courses • ACC 290 Week 1 Quiz • 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. • WileyPLUS Assignment: Week 1 Vocabulary Activity • Resource: WileyPLUS • Complete the following Week 1 Assignment in WileyPLUS: • Chapter 1 WileyPLUS Crossword Puzzle 1 ACC 290 WEEK 1 PRACTICE QUIZ (NEW) ACC 290 WEEK 1 VOCABULARY ACTIVITY (NEW)

6. ACC 290 UOP Courses • 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? ACC 290 WEEK 2 DISCUSSION QUESTION 1 ACC 290 Week 2 Discussion Question 2

7. ACC 290 UOP Courses • WileyPLUS and Financial Accounting. • Complete the following in WileyPLUS: Exercise E3-4, Exercise E3-9, Problem 3-5A, Problem 3-6A • Discuss the objectives for 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. Individual WileyPLUS Assignment Week Two -Exercise E3-4 ,E3-9 Problem 3-5A, 3-6A ACC 290 Week 2 LT Reflection Summary

8. ACC 290 UOP Courses • 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 • WILEYPLUS ASSIGNMENT: WEEK 2 VOCABULARY ACTIVITY • RESOURCE: WILEYPLUS • COMPLETE THE FOLLOWING WEEK 2 ASSIGNMENT IN WILEYPLUS ACC 290 WEEK 2 PRACTICE QUIZ (NEW) ACC 290 WEEK 2 VOCABULARY ACTIVITY (NEW)

9. ACC 290 UOP Courses • 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? • What are the pros and cons of using reversing entries? • Why are reversing entries optional? What is the main purpose of a FINANCIALstatement worksheet and its benefits? • How has automation aided the preparation, accuracy, and use of the financial statement worksheet? ACC 290 Week 3 Discussion Question 1 ACC 290 WEEK 3 DISCUSSION QUESTION 2

10. ACC 290 UOP Courses • we have another New set of week 4 Willeyplus assignment which could be found on this link • www.uoptutorial.com/index.php?route=product/product&path=737&product_id=11097 • Complete the following in WileyPLUS: Brief Exercise BE4-1, Problem P4-2A, and Problem P4-3A • Discuss the objectives for 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 Team’s discussion. INDIVIDUAL WILEYPLUS ASSIGNMENT EXERCISE BE4-1, PROBLEM P4-2A AND P4-3A ACC 290 WEEK 3 LT REFLECTION SUMMARY

11. ACC 290 UOP Courses • 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. • WileyPLUS Assignment: Week 3 Practice Quiz • Resource: WileyPLUS • Complete the following Week 3 Assignment in WileyPLUS: • Chapter 4 Practice Quiz ACC 290 WEEK 3 PRACTICE QUIZ (NEW) ACC 290 Week 3 Vocabulary Activity (New)

12. ACC 290 UOP Courses • 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? • 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? ACC 290 WEEK 4 DISCUSSION QUESTION 1 ACC 290 Week 4 Discussion Question 2

13. ACC 290 UOP Courses • we have another New set of week 4 Willeyplus assignment which could be found on this link • http://www.uoptutorial.com/index.php?route=product/product&path=737&product_id=11098 • Complete the following in WileyPLUS: Problem P4-8A • Click Here to see all the Tutorials of ACC 290 • 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 company’s balance sheet and income statement to answer the following questions Individual WileyPLUS Assignment Problem 4-8A Learning Team Financial Reporting Problem, Part 1

14. ACC 290 UOP Courses • Reflection and Financial Reporting Problem Part I. • Discuss the objectives for 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. • 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. ACC 290 Week 4 LT Reflection Summary ACC 290 WEEK 4 PRACTICE QUIZ (NEW)

15. ACC 290 UOP Courses • WileyPLUS Assignment: Week 4 Vocabulary Activity • Resource: WileyPLUS • Complete the following Week 4 Assignment in WileyPLUS: • Chapter 5 Crossword Puzzle 1 • What is the control environment? How does the control environment affect a company’s 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? ACC 290 Week 4 Vocabulary Activity (New) ACC 290 WEEK 5 DISCUSSION QUESTION 1

16. ACC 290 UOP Courses • we have another New set of week 5 Willeyplus assignment which could be found on this link • www.uoptutorial.com/index.php?route=product/product&path=737&product_id=11099 • Reflection and Financial Reporting Problem Part II. • Discuss the objectives for 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)? ACC 290 WEEK 5 INDIVIDUAL WILEYPLUS ASSIGNMENT ACC 290 WEEK 5 LEARNING TEAM REFLECTION SUMMARY

17. ACC 290 UOP Courses • Click Here to see all the Tutorials of ACC 290 • 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 week Four. Analyze the information contained in the company’s balance sheet and income statement to answer the following questions: TEAM ASSIGNMENT FINANCIAL REPORTING PROBLEM PART II

18. ACC 290 UOP Courses For more course tutorials visit www.uoptutorial.com Get Ready to grant success at exam by shop at uoptutorial