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ACC 205 Course Career Path Begins /acc205dotcom
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ACC 205 Course Career Path Begins /acc205dotcom

• ACC 205 Entire Course(New)

• ACC 205 Final Paper (New)

• ACC 205 Week 1 DQ 1 Accounting Equation
• ACC 205 Week 1 DQ 2 Accounts
• ACC 205 Week 1 Journal Balance Sheet Journal
• ACC 205 Week 2 DQ 1 Accounting Cycle
• ACC 205 Week 2 DQ 2 Bank Reconciliation
• ACC 205 Week 2 Journal Income Statement Journal

• Final PaperFocus of the Final PaperWrite a five
  to seven page financial statement analysis of a
  public company, and formatted according to APA
  style as outlined in the Ashford Writing Center.
  In this analysis you will discuss the financial
  health of this company with the ultimate goal of
  making a recommendation to other investors.

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ACC 205 Course Career Path Begins /acc205dotcom

• ACC 205 Week 1 DQ 1 Accounting Equation (New)

• ACC 205 Week 1 DQ 2 Accounts (New)

• Accounting Equation
• As you have learned in this weeks readings the
  Accounting Equation is Owners Equity. Is the
  accounting equation true in all instances?
  Provide sample transactions from your own
  experiences to demonstrate the validity of the
  Accounting Equation.

• Accounts
• What does the term account mean? What are the
  different classifications of accounts? How do
  the rules for Debits and Credits impact accounts?
  Please provide an example of how debits and
  credits impact accounts.Guided Response
  Analyze several of your peers postings. Let at
  least two of your peers know if this knowledge

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• ACC 205 Week 1 Exercise Assignment Basic
  Accounting

• ACC 205 Week 1 Journal Balance Sheet Journal (New)

• 1) Basic concepts. Jean's Marine Supply
  specializes in the sale of boating equipment and
  accessories. Identify the items that follow as
  an asset (A), liability (L), revenue (R), or
  expense (E) from the firm's viewpoint.
• The inventory of boating supplies owned by the
  company. (A)

• Balance Sheet JournalThe Balance Sheet is a
  financial snap shot of a company at a particular
  point in time. The Balance Sheet lists the
  assets, liabilities, and equity of the company.
  Reflect on your personal financial situation, can
  you apply the concepts of the Balance Sheet?
  What did you learn from this reflection?

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• ACC 205 Week 2 DQ 1 Accounting Cycle (New)

• ACC 205 Week 2 DQ 2 Bank Reconciliation (New)

• ACC 205 Week 2 DQ 1
• Accounting Cycle
• Financial statements are a product of the
  accounting cycle. Think about two different
  companies, one a manufacturing company, the other
  a retail company. Why would different companies
  have different accounting cycles? Would you
  expect the steps of the accounting cycle to be
  the same for each company? Why or why not?

• Bank Reconciliation
• What is the purpose of a bank reconciliation?
  What are the reasons there are differences
  between the cash reported in the accounting
  records and the cash balance in the bank
  statements?Analyze several of your peers
  postings. Let at least two of your peers know
  what happens to the discrepancies between the
  book balance and the bank balance.

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ACC 205 Course Career Path Begins /acc205dotcom

• ACC 205 Week 2 Exercise Assignment Revenue

• ACC 205 Week 2 Journal Income Statement Journal

• Recognition of concepts. Ron Carroll operates a
  small company that books entertainers for
  theaters, parties, conventions, and so forth. The
  companys fiscal year ends on June 30. Consider
  the following items and classify each as either
  (1) prepaid expense, (2) unearned revenue, (3)
  accrued expense, (4) accrued revenue, or (5) none
  of the foregoing.

• Income Statement JournalThe Income Statement
  measures the income and expenses of a company
  over a specific period of time. Reflecting on
  your personal financial statement for the past
  month, can you apply the principles of the Income
  Statement? What did you learn from this
  experience?Carefully review the Grading Rubric
  for the criteria that will be used to evaluate
  your journal entry.

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• ACC 205 Week 3 DQ 1 LIFO vs. FIFO (New)

• ACC 205 Week 3 DQ 2 Depreciation (New)

• LIFO vs. FIFO
• The controller of Sagehen Enterprises believes
  that the company should switch from the LIFO
  method to the FIFO method. The controllers
  bonus is based on the next income. It is the
  controllers belief that the switch in inventory
  methods would increase the net income of the
  company. What are the differences between the
  LIFO and FIFO methods?

• Depreciation
• There is a variety of depreciation methods used
  to allocate the cost of an asset to all of the
  accounting periods benefited by the use of the
  asset. Your client has just purchased a piece of
  equipment for 100,000. Explain the concept of
  depreciation. Which of the following
  depreciation methods would you recommend
  straight-line depreciation, double declining

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• ACC 205 Week 3 Exercise Assignment Inventory (New)

• ACC 205 Week 3 Journal Inventory Journal (New)

• 1. Specific identification method. Boston
  Galleries uses the specific identification method
  for inventory valuation. Inventory information
  for several oil paintings follows.
  Painting
• Cost
• 1/2 Beginning inventory
• Woods
• 11,000

• Inventory JournalReflect for a moment on the
  LIFO (Last in First Out) and FIFO (First in First
  Out) inventory methods. If you were starting a
  small manufacturing company, what inventory
  method do you believe would provide the most
  accurate financial statements? Why do you believe
  this is the case?Carefully review the Grading
  Rubric for the criteria that will be used to
  evaluate your journal entry.

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• ACC 205 Week 4 DQ 1 Current Liability (New)

• ACC 205 Week 4 DQ 2 Client Recommendations (New)

• Current Liability
• What is a current liability? From a user of
  financial statements perspective why do you
  believe current liabilities are separated from
  long-term liabilities? Based on your current
  experience and any additional research you may
  have done provide two examples of situations
  where businesses collect monies from customers
  and employees and reports these amounts as a
  current liability.

• Client Recommendations
• A client comes to you thinking about starting a
  consulting business. Specifically your client is
  interested in what type of entity should be
  created for this new business. Based on your
  readings or any additional research you may have
  done, discuss the advantages and disadvantages of
  the following sole proprietorship, partnership,
  and corporation.

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ACC 205 Course Career Path Begins /acc205dotcom

• ACC 205 Week 4 Exercise Assignment Liability (New)

• ACC 205 Week 4 Journal Future Obligations

• Week Four Exercise Assignment Liability
• 1. Partner investments journal entries. The LP
  partnership was formed on January 1, 19X7, by
  investments from Bill Levy and Marv Parcells.
  Levy contributed 30,000 cash and 80,000 of
  land. Parcells contributed cash of 50,000 and
  equipment with a value of 20,000.

• Future Obligations JournalThe current liability
  section of the balance sheet lists the
  liabilities that are due within the next 12
  months. Reflecting on your current financial
  situation, apply the concept of current
  liabilities. What does this analysis tell you
  about your future obligations? What did you
  learn from this experience?

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ACC 205 Course Career Path Begins /acc205dotcom

• ACC 205 Week 5 DQ 1 (New)

• ACC 205 Week 5 DQ 2 (New)

• ACC 205 Week 5 DQ 1

• ACC 205 Week 5 DQ 2

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ACC 205 Course Career Path Begins /acc205dotcom

• ACC 205 Week 5 Exercise Assignment Financial

• ACC 205 Week 5 Journal Most Important Ratio
  Journal(New)

• Financial Ratios
• 1. Liquidity ratios. Edison, Stagg, and
  Thornton have the following financial information
  at the close of business on July 10
• Edison
• Stagg
• Thornton
• Cash
• 4,000
• 2,500
• 1,000

• Most Important Ratio Journal Reflect for a
  moment on the ratios (working capital, current
  ratio, quick ratio, debt to asset, debt to
  equity, times interest earned, gross margin and
  net margin) presented this week. If you were
  considering investing in a company what ratio
  would be the most important to you? Formulate
  and argument to defend your position.

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