ACC 290 NEW Academic Coach/uophelp

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ACC 290 NEW Course Tutorial

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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?

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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.

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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

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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?

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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.

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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

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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?

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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
  Teams discussion.

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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
  companys balance sheet and income statement to
  answer the following questions
• What are the companys 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

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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

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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?

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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 companys balance sheet and income statement
  to answer the following questions

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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.

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