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BUS 591 Entire Course   BUS 591 Week 1 DQ 1
Generally Accepted Accounting Principles
(G.A.A.P.).   BUS 591 Week 1 DQ 2 Annual
Reports   BUS 591 Week 1 Homework Problems   BUS
591 Week 2 DQ 1 Debits and Credits   BUS 591 Week
2 DQ 2 Revenue Expense   BUS 591 Week 2
Homework Problems
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BUS 591 Course Success is a Tradition /
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BUS 591 Week 1 DQ 1 Generally Accepted Accounting
Principles (G.A.A.P.)   BUS 591 Week 1 DQ 1
Generally Accepted Accounting Principles
(G.A.A.P.).     Generally Accepted Accounting
Principles (G.A.A.P.). Briefly discuss generally
Accepted Accounting Principles or G.A.A.P. What
are they? What is their purpose? Name the U.S.
and international standard-setting bodies that
established these principles. Are all companies
required to follow these principles? Why or why
not?
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BUS 591 Week 1 DQ 2 Annual Reports   BUS 591 Week
1 DQ 2 Annual Reports   Annual Reports Visit the
website for Tootsie Roll (www.tootsie.com). Click
on Company Information then Financial
Information. Open the latest annual report and
review it to find the answers to the following
questions   What are Tootsie Rolls corporate
principles? Do you agree with these principles,
or do you feel there are additional principles
that should be included?
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BUS 591 Week 1 Homework Problems   BUS 591 Week 1
Homework Problems   Week One Homework Problems
Complete the following Workbook Template Week One
or you may complete the Problem 1-3B on page 36,
1-4B on page 37 (Chapter 1) and Problem 2-7B on
page 90 (Chapter 2) of your text. Submit your
work to your instructor by the posted due date.
Show all your work in order to earn full credit
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BUS 591 Week 2 DQ 1 Debits and Credits   BUS 591
Week 2 DQ 1 Debits and Credits Debits and Credits
Define debits and credits and explain how they
are used to record business transactions. Is it
true that debits always increase and credits
always decrease? Why or why not? Respond to at
least two of your classmates posts.
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BUS 591 Week 2 DQ 2 Revenue Expense   BUS 591
Week 2 DQ 2 Revenue Expense   Revenue Expense
Review the section called Investor Insight in
Chapter 3 of your text which shows the major
revenue and expense accounts of the Chicago Cubs
baseball team. Considering the huge increase in
professional baseball players salaries in the
last decade, what do you think has happened to
total expenses and net income of professional
baseball teams?
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BUS 591 Course Success is a Tradition /
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BUS 591 Week 2 Homework Problems   BUS 591 Week 2
Homework Problems     Week Two Homework
Problems.Complete Workbook Template Week Two or
you may find the problems 3-2B on page 150 and
3-5B on page 151 from Chapter 3 of your text.
Also complete problems E4-13, E4-14, E4-15,
E4-16, E4-17, and E4-18 from Chapter 4. Submit
your work to your instructor by the posted due
date. Show all your work in order to earn full
credit.
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BUS 591 Week 3 DQ 1 Perpetual Inventory
System   BUS 591 Week 3 DQ 1 Perpetual Inventory
System     Perpetual Inventory System Present a
detailed explanation of the recording of
purchases under a perpetual inventory system. Use
hypothetical figures to illustrate the perpetual
inventory system. After presenting your
hypothetical figures, discuss how a perpetual
inventory system is different from a periodic
inventory system. Your answer should illustrate
understanding of the perpetual inventory system.
Respond to at least two of your
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BUS 591 Week 3 DQ 2 Inventory Valuation
Methods   BUS 591 Week 3 DQ 2 Inventory Valuation
Methods     Inventory Valuation Methods
Identify the differences between F.I.F.O.,
L.I.F.O., and the average-cost method of
inventory valuation. Be sure to include the
effects of each method on cost of goods sold and
net income in your answer.
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BUS 591 Course Success is a Tradition /
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BUS 591 Week 3 Homework Problems   BUS 591 Week 3
Homework Problems   Week Three Homework Problems
Complete the following Workbook Template Week
Three or you may complete the problems E5-2, E5-6
and P5-5B from Chapter 5 and Problems 6-2B and
6-3B Chapter 6. Submit your work to your
instructor by the posted due date. Show all your
work in order to earn full credit.
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BUS 591 Week 4 DQ 1 Why do I need
accounting   BUS 591 Week 4 DQ 1 Why do I need
accounting     Why do I need accounting?
Consider the following scenario Your friend (who
is also in school) just emailed you to express
frustration with his accounting class. In the
email, he said, Why do I need to take
accounting? What will I ever need to know about
reporting and analyzing long-lived assets? I am a
management major.
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BUS 591 Week 4 DQ 2 Sarbanes Oxley Act of
2002   BUS 591 Week 4 DQ 2 Sarbanes-Oxley Act of
2002     Sarbanes-Oxley Act of 2002 Search the
Internet and locate an annual financial report
for a public U.S. company. Read the Notes to the
Financial Statements to determine the criteria
for cash equivalents and how cash and cash
equivalents are handled.
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BUS 591 Course Success is a Tradition /
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BUS 591 Week 4 Homework Problems   BUS 591 Week 4
Homework Problems Week Four Homework Problems
Complete the following Workbook Template Week
Four or you may complete the problems P8-2B and
P8-6B from Chapter 8 and Problems 9P-2B and P9-7B
from Chapter 9. Submit your assignment to the
instructor by the posted due date. Show all your
work to earn full credit.
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BUS 591 Week 5 DQ 1 Liabilities and Financial
Analysis   BUS 591 Week 5 DQ 1 Liabilities and
Financial Analysis     Liabilities and
Financial Analysis Discuss current liabilities
and long-term liabilities. What are the
differences between the two? Illustrate your
understanding of liabilities, making sure to
identify major types of current liabilities.
Respond to at least two of your classmates posts
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BUS 591 Week 5 DQ 2 Colgate s Annual Report   BUS
591 Week 5 DQ 2 Colgates Annual Report  
Colgates Annual Report Obtain a copy of
Colgates annual report from the Online Library
or from a valid academic source found elsewhere
on the Internet. Use this information to answer
the following questions. If researching online,
go to the Colgate company website
(http//www.colgate.com).
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BUS 591 Course Success is a Tradition /
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BUS 591 Week 5 Sarbanes Oxley Act of 2002Methods
of Depreciation   BUS 591 Week 5 Sarbanes-Oxley
Act of 2002 Methods of Depreciation  
  Research and discuss the Sarbanes-Oxley Act of
2002. Identify key components of the
Sarbanes-Oxley Act of 2002, and its primary
objective. What are some of the criticisms
surrounding the Act? Are there any economic
consequences for companies as a result of
implementing the Act? Has the Sarbanes-Oxley Act
achieved its goals so far?
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BUS 591 Week 6 DQ 1 Indirect Method vs. Direct
Method   BUS 591 Week 6 DQ 1 Indirect Method vs.
Direct Method     Indirect Method vs. Direct
Method Financial statement preparers have two
choices in preparing the statement of cash flows
the indirect method and the direct method. The
indirect method is used extensively in practice
even though the F.A.S.B. has expressed a
preference for the direct method. Discuss the
similarities and differences between the direct
and indirect methods, and the advantages of using
each method.
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BUS 591 Week 6 DQ 2 Horizontal vs. Vertical
Analysis   BUS 591 Week 6 DQ 2 Horizontal vs.
Vertical Analysis   Horizontal vs. Vertical
Analysis Discuss the horizontal and vertical
analysis of a financial statement, and how each
is used to help financial statement users make
better decisions. Also, explain the liquidity,
solvency, and profitability ratios introduced
throughout the text. Describe how the ratios are
used in analyzing a firms liquidity, solvency,
and profitability. Your answer should illustrate
understanding of financial statement analysis,
including ratios. A minimum of 100 to 200 words
is required for your answer. Respond to at least
two of your classmates posts.
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BUS 591 Course Success is a Tradition /
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BUS 591 Week 6 Final Project   BUS 591 Week 6
Final Project     FINAL PAPER   You should
begin working on elements of the Final Project in
Week One. Each week, there is a recommended
learning activity associated with helping you
complete the Final Project. There are ungraded
and graded practice exercises, which will allow
you to practice applying accounting skills
learned in class to different scenarios. Work
through the problems, starting with Chapter 1,
following the instructions in the textbook and
Excel template.
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BUS 591 Course Success is a Tradition /
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The Best way to predict the Future is to create
it.....To Best way....
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