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Tuesday, 17 November 2015

Complete Course ACC225 Complete Course

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
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