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ACC 205 Final Paper (New)
ACC 205 Entire Course(New)
Write 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
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
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ACC 205 Week 1 DQ 2 Accounts (New)
ACC 205 Week 1 DQ 1 Accounting (New)
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.
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
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ACC 205 Week 1 Journal Balance Sheet Journal
ACC 205 Week 1 Exercise Assignment Basic
Accounting (New)
The 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?
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)
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ACC 205 Week 2 DQ 2 Bank Reconciliation (New)
ACC 205 Week 2 DQ 1 Accounting Cycle (New)
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?
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?
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ACC 205 Week 2 Exercise Assignment Revenue and
Expenses (New)
ACC 205 Week 2 Journal Income Statement Journal
(New)
The 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?
1. 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
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ACC 205 Week 3 DQ 1 LIFO vs. FIFO (New)
ACC 205 Week 3 DQ 2 Depreciation (New)
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.
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.
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ACC 205 Week 3 Exercise Assignment Inventory (New)
ACC 205 Week 3 Journal Inventory Journal (New)
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
1. Specific identification method. Boston
Galleries uses the specific identification method
for inventory valuation. Inventory information
for several oil paintings follows.
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ACC 205 Week 4 DQ 1 Current Liability (New)
ACC 205 Week 4 DQ 2 Client Recommendations (New)
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
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
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ACC 205 Week 4 Exercise Assignment Liability (New)
ACC 205 Week 4 Journal Future Obligations Journal
(New)
The 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
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.
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ACC 205 Week 5 DQ 1 (New)
ACC 205 Week 5 DQ 2 (New)
ACC 205 Week 5 DQ 2
ACC 205 Week 5 DQ 1
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ACC 205 Week 5 Exercise Assignment Financial
Ratios(New)
ACC 205 Week 5 Journal Most Important Ratio
Journal(New)
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)
1. Liquidity ratios. Edison, Stagg, and
Thornton have the following financial information
at the close of business on July 10
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