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ACC 290 NEW Academic Coach/uophelp

For more course tutorials visit<br>www.uophelp.com<br><br>ACC 290 Week 1 Discussion Question 1<br>ACC 290 Week 1 Individual Assignment Financial Statements Paper<br>ACC 290 Week 1 Vocabulary Activity (New)<br>ACC 290 Week 2 Discussion Question 1<br>ACC 290 Week 2 LT Reflection Summary (New)<br>ACC 290 Week 2 Practice Quiz (New)<br>ACC 290 Week 3 Discussion Question 1<br>ACC 290 Week 3 LT Reflection Summary<br>ACC 290 Week 3 of 4 Learning Team Financial Reporting Problem, Part 1 (New)<br>ACC 290 Week 3 WileyPlus Assignment BE4-1, P4-2A, P4-3A, BYP4- (New)<br>ACC 290 Week 4 Discussion Question 1<br>ACC 290 Week 4 LT Reflection Summary

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ACC 290 NEW Academic Coach/uophelp

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  1. ACC 290 NEW Course Tutorial For more course tutorials visit www.uophelp.com

  2. ACC 290 NEW Course Tutorial ACC 290 NEW Week 1 Discussion Question 1 ACC 290 NEW Week 1 Discussion Question 2 • ACC 290 NEW 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? • 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?

  3. ACC 290 NEW Course Tutorial ACC 290 NEW Week 1 Individual Assignment Financial ACC 290 NEW Week 1 Practice Quiz(New) • 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. Discuss how the financial statements would be useful to external users, such as investors and creditors. • 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.

  4. ACC 290 NEW Course Tutorial ACC 290 NEW Week 1 Vocabulary Activity (New) ACC 290 NEW Week 1 WileyPlus Assignment DI1-3, E1-3,E1-4, • WileyPLUS Assignment: Week 1 Vocabulary Activity • Resource: WileyPLUS • Complete the following Week 1 Assignment in WileyPLUS: • • Chapter 1 WileyPLUS Crossword Puzzle 1 • 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 • • IFRS 2-4

  5. ACC 290 NEW Course Tutorial ACC 290 NEW Week 2 Discussion Question 1 ACC 290 NEW Week 2 Discussion Question 2 • 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?

  6. ACC 290 NEW Course Tutorial ACC 290 NEW Week 2 LT Reflection Summary (New) ACC 290 NEW Week 2 LT Reflection Summary • Discuss the objectives for ACC 290 NEW 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. • Discuss the objectives for ACC 290 NEW 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. Discuss how financial statements would be useful to external users such as investors and creditors.

  7. ACC 290 NEW Course Tutorial ACC 290 NEW Week 2 Practice Quiz (New) ACC 290 NEW Week 2 Vocabulary Activity (New) • 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 • WileyPLUS Assignment: Week 2 Vocabulary Activity • Resource: WileyPLUS • Complete the following Week 2 Assignment in WileyPLUS: • • Chapter 2 Wiley PLUS Crossword Puzzle 1

  8. ACC 290 NEW Course Tutorial ACC 290 NEW Week 2 WileyPlus Assignment BYP2-2, ACC 290 NEW Week 3 Discussion Question 1 • WileyPLUS Assignment: Week 2 Assignment • Resource: WileyPLUS • Complete the following Week 2 Assignment in WileyPLUS: • • BYP 2-2 • 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? Why are they necessary? What are reversing entries? Why are they used? What are the pros and cons of using reversing entries? Why are reversing entries optional?

  9. ACC 290 NEW Course Tutorial ACC 290 NEW Week 3 Discussion Question 2 ACC 290 NEW Week 3 LT Reflection Summary • 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? • Discuss the objectives for ACC 290 NEW 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.

  10. ACC 290 NEW Course Tutorial ACC 290 NEW Week 3 of 4 Learning Team Financial ACC 290 NEW Week 3 Practice Quiz (New) • 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: • What are the company’s total assets at the end of its most recent annual reporting period? Why is this important? • 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 is the

  11. ACC 290 NEW Course Tutorial ACC 290 NEW Week 3 Vocabulary Activity (New) ACC 290 NEW Week 3 WileyPlus Assignment BE4-1, P4-2A, • WileyPLUS Assignment: Week 3 Practice Quiz • Resource: WileyPLUS • Complete the following Week 3 Assignment in WileyPLUS: • • Chapter 4 Practice Quiz • WileyPLUS Assignment: Week 3 Assignment • Resource: WileyPLUS • Complete the following Week 3 Assignment in WileyPLUS: • • Brief Exercise 4-1 • • Problem 4-2A

  12. ACC 290 NEW Course Tutorial ACC 290 NEW Week 4 Discussion Question 1 ACC 290 NEW Week 4 Discussion Question 2 • 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 • 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? When it is most appropriate to use? How does last in, first out cost flow assumption work?

  13. ACC 290 NEW Course Tutorial ACC 290 NEW Week 4 LT Reflection Summary ACC 290 NEW Week 4 of 5 Individual Assignment Financial • Reflection and Financial Reporting Problem Part I. • Discuss the objectives for ACC 290 NEW 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. Prepare a financial statement work sheet. Prepare a classified income statement, retained earnings statement and balance sheet. Write a 350 to 500 word • 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 290 NEW Week Four. Analyze the information contained in the company’s balance sheet and income statement to answer the following questions:

  14. ACC 290 NEW Course Tutorial ACC 290 NEW Final Exam Guide (New) • ACC 290 NEW 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.

  15. ACC 290 NEW Course Tutorial For more course tutorials visit www.uophelp.com

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