ACC 225 Complete Course
ACC225 Complete Course
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ACC 225 WEEK 1
CHECKPOINT FINANCIAL STATEMENTS(UOP)
CheckPoint: Financial Statements
· Resource: Fundamental Accounting Principles, Ch. 1
· Due Date: Day 5 [post to the Individual forum]
· Consider that you have been asked to explain financial statements to
someone who
knows nothing about accounting.
· Review the information on financial statements in Ch. 1 of Fundamental
Accounting
Principles.
· Discuss, in 200 300 words, each of the four financial statements.
Explain the different
components of the
statements as well as what the statements tell about a business
ACC 225 WEEK 1 DQ
1 AND DQ 2(UOP)
Discussion
Question 1
·
Due Date: Day 2 [post to the Main forum]
·
Post your response to the following: Interview a friend or family member about
his/her
work
environment. Is his/her organization a sole proprietorship, partnership, or
corporation?
Who is involved with the accounting decisions and information? In what
ways
is your friend or family member affected by the accounting information?
Discussion
Question 2
·
Due Date: Day 4 [post to the Main forum]
·
Post your response to the following: Describe one of the four basic financial
statements,
and
answer the following questions.
o
For what is it typically used?
o
What information is the most valuable?
o
How does it complement another financial statement?
·
Respond to a classmate who selected a different financial statement from yours.
How do
the
financial statements tie into one another?
ACC 225 WEEK 1
EXERCISE ACCOUNTING AND BUSINESS ORGANIZATIONS(UOP)
|
Exercises:
Accounting and Business Organizations
·
Resource: Fundamental Accounting Principles, p. 30
· Due
Date: Day 5
|
·
Post your answers to Exercises 1 1 and 1 4
ACC 225 WEEK 2
ASSIGNMENT PREPARING JOURNAL ENTRIES AND TRIAL BALANCES(UOP)
Assignment: Preparing Journal Entries and Trial
Balances
· Resource: Fundamental Accounting Principles, pp. 76
and 80
· Due Date: Day 7 [Individual] forum
· Complete Exercises 2 4 and 2 5 on p. 76 and Problem
2 2A on p. 80.
· Post your answers as an attachment.
ACC 225 WEEK 2
CHECKPOINT DEBITS AND CREDITS(UOP
CheckPoint:
Debits and Credits
·
Resource: Fundamental Accounting Principles, p. 74
·
Due Date: Day 4 [Individual] forum
·
Post your answers to Quick Study questions QS 2 3, QS 2 4, and QS 2 5.
ACC 225 WEEK 3
CHECKPOINT ADJUSTMENTS AND ACCRUAL AND CASH BASIS ACCOUNTING(UOP)
CheckPoint: Adjustments and Accrual and Cash Basis
Accounting
· Resource: Fundamental Accounting Principles, pp. 116
118 and 120
· Due Date: Day 5 [Individual] forum
· Complete Quick Study questions QS 3 1 and QS 3 9 on
pp. 116 and 117 and Exercises
3 1 and 3 7 on pp. 118 and 120.
· Post your answers as an attachment.
ACC 225 WEEK 3 DQ
1 AND DQ 2(UOP)
Discussion
Question 1
· Due Date:
Day 2 [Main] forum
· Post your
response to the following:
o What is
the difference between cash basis and accrual basis accounting?
o Why do
accrual basis financial statements provide more useful information than
cash basis
financial statements?
o Describe
when each method (cash basis and accrual basis accounting) would be
appropriate
to use.
Discussion
Question 2
· Due Date:
Day 4 [Main] forum
· Post your
response to the following: The Ritz Manor is a popular seaside resort. A
double room
costs $220 for one night. In order to reserve a room, guests must pay one
night’s stay
in advance. On each floor of the hotel, Vendalite Company operates vending
machines
with energy bars, juices, and other snacks for guests. Vendalite stocks the
machines and
collects revenue every week. Total average weekly revenue from these
machines is
$720. The Ritz Manor is entitled to 30% of the revenue from the machines.
Vendalite
sends a check to the Ritz Manor once at the end of each quarter for the
resort’s
share of the
revenue.
o Based on
this information, what type of adjusting entries does the Ritz Manor have?
o How are
the amounts of these adjustments determined?
o Which accounts are affected?
ACC 225 WEEK 4
ASSIGNMENT PREPARING ENTRIES AND STATEMENTS(UOP)
Assignment: Preparing Entries and Statements
· Resources: Fundamental Accounting Principles, pp. 165 167
· Due Date: Day 7 [Individual] forum
· Complete Problems 4 5A and 4 6A. When responding to the analysis
component of 4
5A, be sure to think critically about the possible errors that are
described. In your answer,
be sure to carefully analyze the worksheet as if the errors were made
and present the
evidence for your explanation. Identify the consequences of the errors
and describe their
impact on the financial statements. Explain whether the error is likely
to be discovered
when completing the worksheet.
· Post your answers as an attachment.
ACC 225 WEEK 4
CHECKPOINT PREPARING BALANCE SHEETS AND STATEMENTS(UOP)
CheckPoint: Preparing Balance Sheets and Statements
· Resource: Fundamental Accounting Principles, pp. 156
and 159
· Due Date: Day 4 [Individual] forum
· Complete Quick Study question QS 4 2 on p. 156 and
Exercises 4 4 and 4 5 on p. 159.
· Post your answers as an attachment.
ACC 225 WEEK 5
CHECKPOINT INVENTORY SYSTEMS AND CALCULATING REVENUES, EXPENSES, AND INCOME
CheckPoint: Inventory Systems and Calculating Revenues, Expenses, and
Income
· Resource: Fundamental Accounting Principles, pp. 206, 208, and 209.
· Due Date: Day 5 [Individual] forum
· Complete Quick Study question QS 5 8 on p. 206 and Exercises 5 9 and 5
13 on pp.
208 209.
· Post your answers as an attachment.
ACC 225 WEEK 5 DQ
1 AND DQ 2(UOP)
Discussion Question 1
· Due Date: Day 2 [Main] forum
· Post your response to the following: Find the
financial statements of a service company
and of a merchandising company: http://highered.mcgrawhill.
com/sites/0072512431/student_view0/chapter1/text_company_links.html
What items appear on the merchandising company
statements that don’t appear on the
service company statements? Why is there a difference?
Discussion Question 2
· Due Date: Day 4 [Main] forum
· Post your response to the following: Read the BTN5 3
Ethics Challenge on p. 218 of the
text. Discuss the ethics of what Amy is doing. Are
there any consequences to her
actions? How does the store account for Amy’s returns?
ACC 225 WEEK 6
ASSIGNMENT ESTIMATING INVENTORY AND PREPARING MULTIPLE STEP AND SINGLE STEP
INCOME(UOP)
Assignment: Estimating Inventory and Preparing
Multiple Step and Single Step Income
Statements
· Resource: Fundamental Accounting Principles, pp. 251
and 256
· Due Date: Day 7 [Individual] forum
· Complete Problems 5 4A on p. 212, 6 1A on p. 251,
and 6 6B and 6 7B on p. 256.
· Post your answers as an attachment.
ACC 225 WEEK 6
CHECKPOINT COMPUTING INVENTORY BALANCES AND LOWER OF COST OR MARKET(UOP)
CheckPoint: Computing Inventory Balances and Lower of
Cost or Market
· Resource: Fundamental Accounting Principles, pp. 247
249
· Due Date: Day 4 [Individual] forum
· Complete Quick Study question QS 6 1 on p. 247 and
Exercises 6 1 and 6 5 on pp. 248
and 249.
ACC 225 WEEK 7 DQ
1 AND DQ 2(UOP)
Discussion
Question 1
· Due Date:
Day 2 [Main] forum
· Post your
response to the following: Megagrocer is a grocery chain that operates five
stores. The
stores are supplied with produce, meat, dairy, and dry goods by six separate
vendors. In
addition to the stores, Megagrocer maintains an ecommerce site through
which
customers can order and pay for groceries. The groceries are packed and
delivered to
customers from one of the five stores in a Megagrocer van by that store’s
personnel.
Think about the accounting information systems that Megagrocer might use.
o What types
of source documents might be collected by Megagrocer to be processed
by its
accounting information systems?
o Why are
those documents important?
Discussion
Question 2
· Due Date:
Day 4 [Main] forum
· Post your
response to the following: Choose a popular merchandise or service company.
How might
the company use accounting information systems? In what ways do these
systems
benefit the company? In what ways might the systems be challenging for the
company?
ACC 225 WEEK 8
CHECKPOINT INTERNAL CONTROL AND BANK RECONCILIATIONS(UOP)
CheckPoint:
Internal Control and Bank Reconciliations
·
Resource: Fundamental Accounting Principles, pp. 335 and 336
·
Due Date: Day 4 [Individual] forum
·
Complete Quick Study question QS 8 6 on p. 335, and Exercises 8 3 and 8 4 on p.
336.
·
Post your answers as an attachment.
ACC 225 WEEK 9
CAPSTONE DQ(UOP)
Capstone
Discussion Question
·
Due Date: Day 3 [Main] forum
·
Post your response to the following: A major network is launching a reality
program
called
The Accountant. A group of recent accounting graduates will be competing for a
spot
in a national accounting firm. What would make someone a good candidate for The
Accountant?
Describe three challenges the candidates should complete on the program,
using
as much detail as you can.
The
challenges should test contestants’ skill in challenges related to topics
covered in
this
course. Be creative. Describe how the challenge will test the contestant’s
accounting
skill(s)
and knowledge as well as the skills the contestant should have to complete each
challenge
successfully.
ACC
225 Complete Course ACC225 Complete Course
Click Link for The Answer: