BUS 591 ASH Course Tutorial - bus591dotcom

1. BUS 591 Course Material - BUS591dotcom

2. BUS 591 Course Material • BUS 591 Week 1 DQ 1 Generally Accepted Accounting Principles (G.A.A.P.). • BUS 591 Week 1 DQ 2 Annual Reports • BUS 591 Week 1 Homework Problems • BUS 591 Week 2 DQ 1 Debits and Credits • BUS 591 Week 2 DQ 2 Revenue & Expense • BUS 591 Week 2 Homework Problems • BUS 591 Week 3 DQ 1 Perpetual Inventory System • BUS 591 Week 3 Homework Problems • BUS 591 Week 4 DQ 1 Why do I need accounting • BUS 591 Week 4 DQ 2 Sarbanes-Oxley Act of 2002 • BUS 591 Week 4 Homework Problems • BUS 591 Week 5 DQ 1 Liabilities and Financial Analysis • BUS 591 Week 5 DQ 2 Colgate’s Annual Report • BUS 591 Week 5 Sarbanes-Oxley Act of 2002Methods . BUS 591 Entire Course (Ash) BUS 591 Entire Course (Ash)

3. BUS 591 Course Material • Generally Accepted Accounting Principles (G.A.A.P.). Briefly discuss Generally Accepted Accounting Principles or G.A.A.P. What are they? What is their purpose? Name the U.S. and international standard-setting bodies that established these principles. Are all companies required to follow these principles? Why or why not? • Annual Reports. Visit the website for Tootsie Roll (www.tootsie.com). Click on “Company Information” then “Financial Information”. Open the latest annual report and review it to find the answers to the following questions: BUS 591 Week 1 DQ 1 Generally Accepted BUS 591 Week 1 DQ 2 Annual Reports (Ash)

4. BUS 591 Course Material • Week One Homework Problems. Complete the following Workbook Template Week One or you may complete the Problem 1-3B on page 36, 1-4B on page 37 (Chapter 1) and Problem 2-7B on page 90 (Chapter 2) of your text. Submit your work to your instructor by the posted due date. Show all your work in order to earn full credit • Debits and Credits. Define debits and credits and explain how they are used to record business transactions. Is it true that debits always increase and credits always decrease? Why or why not? BUS 591 Week 1 Homework Problems (Ash) BUS 591 Week 2 DQ 1 Debits and Credits (Ash)

5. BUS 591 Course Material • If net income has not decreased, what has been done to offset the higher salaries? Should fans be expected to pay higher prices for ‘America’s national pastime’ to help offset the costs of higher salaries? Respond to at least two of your classmates’ posts . • Week Two Homework Problems. Complete Workbook Template Week Two or you may find the problems 3-2B on page 150 and 3-5B on page 151 from Chapter 3 of your text. Also complete problems E4-13, E4-14, E4-15, E4-16, E4-17, and E4-18 from Chapter 4. Submit your work to your instructor by the posted due date. Show all your work in order to earn full credit. BUS 591 Week 2 DQ 2 Revenue & Expense (Ash) BUS 591 Week 2 Homework Problems (Ash)

6. BUS 591 Course Material • After presenting your hypothetical figures, discuss how a perpetual inventory system is different from a periodic inventory system. Your answer should illustrate understanding of the perpetual inventory system. Respond to at least two of your classmates’ posts. • Inventory Valuation Methods. Identify the differences between F.I.F.O., L.I.F.O., and the average-cost method of inventory valuation. Be sure to include the effects of each method on cost of goods sold and net income in your answer. BUS 591 Week 3 DQ 1 Perpetual BUS 591 Week 3 DQ 2 Inventory

7. BUS 591 Course Material • Week Three Homework Problems. Complete the following Workbook Template Week Three or you may complete the problems E5-2, E5-6 and P5-5B from Chapter 5 and Problems 6-2B and 6-3B Chapter 6. Submit your work to your instructor by the posted due date. Show all your work in order to earn full credit. • Why do I need to take accounting? What will I ever need to know about reporting and analyzing long-lived assets? I am a management major.” BUS 591 Week 3 Homework Problems (Ash) BUS 591 Week 4 DQ 1 Why do I need accounting (Ash)

8. BUS 591 Course Material • What are some references to SOX mentioned in the annual report? Your answer should demonstrate understanding of the Sarbanes-Oxley Act, and be a minimum of 100 to 200 words in length. Respond to at least two of your classmates’ posts. • It might be just one thing that we like about another person or it could be several things. What do you look for in other people when you first meet them? BUS 591 Week 4 DQ 2 BUS 591 Week 4 Homework Problems (Ash)

9. BUS 591 Course Material • Liabilities and Financial Analysis. Discuss current liabilities and long-term liabilities. What are the differences between the two? Illustrate your understanding of liabilities, making sure to identify major types of current liabilities. Respond to at least two of your classmates’ posts • Use the ratios discussed in Chapter 11 (dividend payout ratio and return on common stockholders’ equity) to evaluate Colgate’s dividend and earnings performance from a stockholder’s perspective. BUS 591 Week 5 DQ 1 Liabilities BUS 591 Week 5 DQ 2

10. BUS 591 Course Material • Research and discuss the Sarbanes-Oxley Act of 2002. Identify key components of the Sarbanes-Oxley Act of 2002, and its primary objective. What are some of the criticisms surrounding the Act? • Indirect Method vs. Direct Method. Financial statement preparers have two choices in preparing the statement of cash flows: the indirect method and the direct method. The indirect method is used extensively in practice even though the F.A.S.B. has expressed a preference for the direct method. BUS 591 Week 5 Sarbanes-Oxley BUS 591 Week 6 DQ 1 Indirect Method

11. BUS 591 Course Material • Research and discuss the Sarbanes-Oxley Act of 2002. Identify key components of the Sarbanes-Oxley Act of 2002, and its primary objective. What are some of the criticisms surrounding the Act? • Download and open the Excel file marked “BUS 591 Final Project Template”. Review the instructions presented on the Instructions Tab in the Workbook and the weekly recommended learning activity. BUS 591 Week 6 DQ 2 Horizontal BUS 591 Week 6 Final Project (Ash)

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