1 / 19

ACC291 Course Real Knowledge / acc291dotcom

For more course tutorials visit<br>www.acc291.com<br><br>Question 1 An aging of a company's accounts receivable indicates that $4,500 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $1,200 credit balance, the adjustment to record bad debts for the period will require a<br>Question 2 The financial statements of the Melton Manufacturing Company reports net sales of $300,000 and accounts receivable of $50,000 and $30,000 at the beginning of the year and end of year, respectively. What is the average collection period for accounts receivable in days?<br>

WellsEvans
Télécharger la présentation

ACC291 Course Real Knowledge / acc291dotcom

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. ACC291 Course Real Knowledge / acc291.com For More Tutorials www.acc291.com

  2. ACC291 Course Real Knowledge / acc291.com • Question 1 An aging of a company's accounts receivable indicates that $4,500 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $1,200 credit balance, the adjustment to record bad debts for the period will require a • Question 2 The financial statements of the Melton Manufacturing Company • www.acc291.com • 1)Hahn Company uses the percentage of sales method for recording bad debts expense. For the year, cash sales are $300,000 and credit sales are $1,200,000. Management estimates that 1% is the sales percentage to use. What adjusting entry will Hahn Company make to ACC 291 Final Exam Guide (New) ACC 291 Final Exam Guide

  3. ACC291 Course Real Knowledge / acc291.com • How would you describe the entries to record the disposition of accounts receivables? • What is their function? • How are bad debts accounted for under the direct write-off method? • What are the disadvantages of this method? ACC 291 Week 1 Discussion Question 1 ACC 291 Week 1 Discussion Question 2

  4. What are the differences among valuation, depreciation, amortization, and depletion? Is it appropriate to calculate depreciation using two different methods? Why? What does the Annual Report you are using for class say about depreciation? ACC291 Course Real Knowledge / acc291.com • What are the differences among valuation, depreciation, amortization, and depletion? • Is it appropriate to calculate depreciation using two different methods? Why? • What does the Annual Report you are using for class say about depreciation? • What types of industries have unearned revenue? • Why is unearned revenue considered a liability? • When is the unearned revenue recognized in the financial statements? • What does your Annual Report say about unearned revenue? ACC 291 Week 2 Discussion Question 1ACC 291 Week 2 Discussion Question 1 ACC 291 Week 2 Discussion Question 2

  5. What are the differences among valuation, depreciation, amortization, and depletion? Is it appropriate to calculate depreciation using two different methods? Why? What does the Annual Report you are using for class say about depreciation? ACC291 Course Real Knowledge / acc291.com • What are the differences among valuation, depreciation, amortization, and depletion? • Is it appropriate to calculate depreciation using two different methods? Why? • What does the Annual Report you are using for class say about depreciation? • What types of industries have unearned revenue? • Why is unearned revenue considered a liability? • When is the unearned revenue recognized in the financial statements? • What does your Annual Report say about unearned revenue? ACC 291 Week 2 Discussion Question 1ACC 291 Week 2 Discussion Question 1 ACC 291 Week 2 Discussion Question 2

  6. ACC291 Course Real Knowledge / acc291.com • we have another New set of week 2 Willeyplus assignment which could be found on this link • Resource:WileyPLUS • Complete the followingWileyPLUS Week Two Exercises and Problem: • Exercise E8-3 • Exercise BE9-13 • Exercise Do It! 9-4 • Resource:WileyPLUS • Complete the WileyPLUS Week Two Practice Quizzes for chapters 8, 9, and 10. Submit your results through the Gradebook ASSIGNMENTS. Screen prints or shots are acceptable on a WORD document. ACC 291 Week 2 Individual WileyPLUS Assignment Week Two ACC 291 Week 2 IndividualWileyPLUSPracticeCh 8,9,10 Quiz

  7. ACC291 Course Real Knowledge / acc291.com • Discuss the objectives for Weeks One and Two. Your discussion should include the topics you feel comfortable with, any topics you struggled with, and how the weekly topics relate to application in your field. • Write a 350- to 1,050-word summary of the team’s discussion. • P8-3A, BE9-11, DI9-5, E9-7, E9-8, BYP9, P9-2A. • Problem 8-3A: Bosworth Company • Brief Exercise 9-11: Nike, Inc. • Do It! 9-5 • Exercise 9-7: Wang, Co. ACC 291 Week 2 Learning Team Weekly Reflection ACC 291 Week 2 Wileyplus Assignment P8-3A, BE9-11, DI9-5, E9-7, E9-8, BYP9, P9-2A (New)

  8. ACC291 Course Real Knowledge / acc291.com • Why does a company choose to form as a corporation? • What are the steps required to become a corporation? • What are the advantages and disadvantages of the corporate form of doing business? • Why is preferred stock referred to as preferred? • What are some of the features added to preferred stock that make it more attractive to investors? • Would you select preferred stock or common stock as an investment? Why? • . ACC 291 Week 3 Discussion Question 1 ACC 291 Week 3 Discussion Question 2

  9. ACC291 Course Real Knowledge / acc291.com • Resource:WileyPLUS • Complete the followingWileyPLUS Week Three Exercises and Problems: • Exercise E9-7 • Exercise E10-5 • Exercise E10-10 • Exercise E10-11 • Resource:WileyPLUS • Complete the WileyPLUS Week Three Practice Quizzes for chapters 11 and 12. ACC 291 Week 3 Individual WileyPLUS Assignment ACC 291 Week 3 Individual WileyPLUS Practice Quiz Ch. 11,12

  10. ACC291 Course Real Knowledge / acc291.com • Discuss the objectives for Week Three. Your discussion should include the topics you feel comfortable with, any topics you struggled with, and how the weekly topics relate to application in your field. • Write a 350- to 1,050-word summary of the team’s discussion. • P9-7A, E10-5, E10-8, E10-13, E10-22, E10-24, BYP10, P10-9A, P10-13A, IFRS10-4. • Exercise 10-5: Olinger Company • Exercise 10-8: Ortega Company • Exercise 10-13: Romine ACC 291 Week 3 Learning Team Weekly Reflection ACC 291 Week 3 Wileyplus Assignment P9-7A, E10-5, E10-8, E10-13, E10-22, E10-24, BYP10, P10-9A, P10-13A, IFRS10-4 (New)

  11. ACC291 Course Real Knowledge / acc291.com • Why are companies required to prepare a statement of cash flows? • Why is the statement of cash flows divided into three sections? • What does each section tell you about the operations of a company? • What are some common ratios used to analyze financial information? Which are the most important? • What are some examples of how ratios are used in the decision making process? ACC 291 Week 4 Discussion Question 1 ACC 291 Week 4 Discussion Question 2

  12. ACC291 Course Real Knowledge / acc291.com • Resource:WileyPLUS • Complete the following WileyPLUS Week Four Exercises and Problems: • Exercise Do It! 11-1 • Exercise E11-15 • Exercise E11-16 • Resource:WileyPLUS • Complete the WileyPLUS Week Four Practice Quizzes for chapters 13 and 14. ACC 291 Week 4 Individual WileyPLUS Assignment ACC 291 Week 4 IndividualWileyPLUS Practice

  13. ACC291 Course Real Knowledge / acc291.com • Discuss the objectives for Week Four. Your discussion should include the topics you feel comfortable with, any topics you struggled with, and how the weekly topics relate to application in your field. • Write a 350- to 1,050-word summary of the team’s discussion. • Do It! 11-1, E11-5, E11-7, BYP11-1, BYP11-2, P11-5A, P11-8A. • Do It! 11-1 • Exercise 11-5 Garcia Corporation • Exercise 11-7 Pele Company • Broadening Your Perspective 11-1 Tootsie Roll ACC 291 Week 4 Learning Team Weekly Reflection ACC 291 Week 4 Wileyplus Assignment Do It! 11-1, E11-5, E11-7, BYP11-1, BYP11-2, P11-5A, P11-8A (New)

  14. ACC291 Course Real Knowledge / acc291.com • Why do corporations buy back their own stock? • What does it tell you about the corporation? • What effect does the purchase have on the price of a company’s stock? • Write a 350- to 700-word article analysis in which you identify situations that might lead to unethical practices and behavior in accounting. • Examine the effect of the Sarbanes-Oxley Act of 2002 on financial statements. • Cite one article from the. ACC 291 Week 5 Discussion Question 1 ACC 291 Week 5 Individual Effect of Unethical Behavior Article Analysis

  15. ACC291 Course Real Knowledge / acc291.com • resource:Virtual Organizations • Click the Virtual Organization link on the student website to access the Virtual Organizations. • Select one of the Virtual Organizations as the basis for the assignment. • Obtain faculty approval of your selected organization. • Discuss the objectives for Week Five. Your discussion should include the topics you feel comfortable with, any topics you struggled with, and how the weekly topics relate to application in your field. • Write a 350- to 1,050-word summary of the team’s discussion. ACC 291 Week 5 Learning Team Ratio Analysis Memo ACC 291 Week 5 Learning Team Weekly Reflection

  16. ACC291 Course Real Knowledge / acc291.com • · E7-3, E12-1, E12-8, P12-9A, P12-10A, E13-3, E13-4, IFRS13-1, P13-2A. • Exercise 7-3 • Exercise 12-1 • Exercise 12-8 • Problem 12-9A • Discuss this week’s objectives with your team. Your discussion should include the topics you feel comfortable with, any topics you struggled with, and how the weekly topics relate to application ACC 291 Week 5 Wileyplus Assignment E7-3, E12-1, E12-8, P12-9A, P12-10A, E13-3, E13-4, IFRS13-1, P13-2A (New) ACC 300 Week 3 Weekly Reflection

  17. ACC291 Course Real Knowledge / acc291.com • Write a 1250-word paper to summarize the main points in this class. • Include information on • The different media you used • How you used the text (and effectiveness of it) • Your ability to feel confident moving on to more Accounting classes. • Write a 1,050- to 1,400-word paper in which you research a publicly traded corporation that has exhibited global business strategies. • Summarize and include the organization’s financial statements. ACC 300 Week 5 Class Summary ACC 300 Week 5 Team Assignment Global Environments (Wal Mart)

  18. ACC291 Course Real Knowledge / acc291.com • Write a 1250-word paper to summarize the main points in this class. • Include information on • The different media you used • How you used the text (and effectiveness of it) • Your ability to feel confident moving on to more Accounting classes. • Write a 1,050- to 1,400-word paper in which you research a publicly traded corporation that has exhibited global business strategies. • Summarize and include the organization’s financial statements. ACC 300 Week 5 Class Summary ACC 300 Week 5 Team Assignment Global Environments (Wal Mart)

  19. ACC291 Course Real Knowledge / acc291.com For More Tutorials www.acc291.com

More Related