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ACC 205(NEW) UOP COURSE TUTORIAL/UOPHELP

For more course tutorials visit<br><br>www.uophelp.com<br><br>As you have learned in this week’s 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. <br><br>Guided Response:<br>Review several of your peers’ postings and identify some core components that you feel should be included in every transaction. Respond to at least two of your peers and provide recommendations to extend their thinking. Challenge your peers by asking a question that may cause them to reevaluate or add components to their transactions.<br><br><br><br>

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ACC 205(NEW) UOP COURSE TUTORIAL/UOPHELP

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  1. ACC 205 UOP Course Tutorial For more course tutorials visit www.uophelp.com

  2. ACC 205 UOP Course Tutorial ACC 205 Week 1 DQ 1 Accounting Equation ACC 205 Week 1 DQ 2 Accounts • As you have learned in this week’s readings the Accounting Equation is + Owners’ Equity.  Is the accounting equation true • What does the term “account” mean?  What are the different classifications of accounts?  How do the rules for Debits and Credits

  3. ACC 205 UOP Course Tutorial ACC 205 Week 1 Exercise Assignment Basic Accounting Equations ACC 205 Week 1 Journal Balance Sheet Journal • 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 • 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.  Reflect on your personal financial situation, can you apply the concepts

  4. ACC 205 UOP Course Tutorial ACC 205 Week 2 DQ 1 Accounting Cycle ACC 205 Week 2 DQ 2 Bank Reconciliation • 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 • What is the purpose of a bank reconciliation?  What are the reasons there are differences between the cash reported in the

  5. ACC 205 UOP Course Tutorial ACC 205 Week 2 Exercise Assignment Revenue and Expenses ACC 205 Week 2 Journal Income Statement Journal • 1. Recognition of concepts. Ron Carroll operates a small company that books entertainers for theaters, parties, conventions, and so forth. The company’s fiscal year ends on June 30. Consider the following items and classify • The Income Statement measures the income and expenses of a company over a specific period of time.  Reflecting on

  6. ACC 205 UOP Course Tutorial ACC 205 Week 3 DQ 1 LIFO vs ACC 205 Week 3 DQ 2 Depreciation • The controller of Sagehen Enterprises believes that the company should switch from the LIFO method to the FIFO method • There is a variety of depreciation methods used to allocate the cost of an asset to all of the accounting periods benefited

  7. ACC 205 UOP Course Tutorial ACC 205 Week 3 Exercise Assignment Inventory ACC 205 Week 3 Journal Inventory Journal • 1. Specific identification method. Boston Galleries uses the specific identification method for inventory valuation. Inventory information for several oil paintings follows. •                                         Painting •                      Cost • 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

  8. ACC 205 UOP Course Tutorial ACC 205 Week 4 DQ 1 Current Liability ACC 205 Week 4 DQ 2 Client Recommendations • 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 • A client comes to you thinking about starting a consulting business.  Specifically your client is interested in what type

  9. ACC 205 UOP Course Tutorial ACC 205 Week 4 Exercise Assignment Liability ACC 205 Week 4 Journal Future Obligations Journal • 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 • 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

  10. ACC 205 UOP Course Tutorial ACC 205 Week 5 DQ 1 ACC 205 Week 5 DQ 2 • ACC 205 Week 5 DQ 1 • ACC 205 Week 5 DQ 2

  11. ACC 205 UOP Course Tutorial ACC 205 Week 5 Exercise Assignment Financial Ratios ACC 205 Week 5 Final Paper Paper • 1.      Liquidity ratios. Edison, Stagg, and Thornton have the following financial information at the close of business on July 10: • Final PaperFocus of the Final PaperWrite 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.  

  12. ACC 205 UOP Course Tutorial ACC 205 Week 5 Journal Most Important Ratio Journal • Most Important Ratio Journal • Reflect for a moment on the ratios (working capital, current ratio, quick ratio, debt to asset, debt to equity, times interest

  13. ACC 205 UOP Course Tutorial For more course tutorials visit www.uophelp.com

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