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For more course tutorials visit www.ashacc205.com 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 – PowerPoint PPT presentation

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Title: ACC 205 ASH Course Future Starts / ashacc205dotcom


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ACC 205 ASH Course Future Starts / ashacc205.com
The Best way to predict the Future is to create
it.....To Best way....
www.ashacc205.com
2
ACC 205 ASH Course Future Starts / ashacc205.com
ACC 205 Entire Course(New) For more course
tutorials visit www.ashacc205.com   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
3
ACC 205 ASH Course Future Starts / ashacc205.com
ACC 205 Final Paper (New) For more course
tutorials visit www.ashacc205.com   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.
Your paper should consist of the following
sections introduction, company overview,
horizontal analysis, ratio analysis, final
recommendation, and conclusions.
4
ACC 205 ASH Course Future Starts / ashacc205.com
ACC 205 Week 1 DQ 1 Accounting Equation (New) For
more course tutorials visit www.ashacc205.com   Ac
counting 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. Guided
Response
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ACC 205 ASH Course Future Starts / ashacc205.com
ACC 205 Week 1 DQ 2 Accounts (New) For more
course tutorials visit www.ashacc205.com   Account
s 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 could be used in their everyday
lives. Is so, how? If not, why not?
6
ACC 205 ASH Course Future Starts / ashacc205.com
ACC 205 Week 1 Exercise Assignment Basic
Accounting Equations (New) For more course
tutorials visit www.ashacc205.com   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)
Monthly rental charges paid for store space. (L)
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ACC 205 ASH Course Future Starts / ashacc205.com
ACC 205 Week 1 Journal Balance Sheet Journal
(New) For more course tutorials
visit www.ashacc205.com   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 ASH Course Future Starts / ashacc205.com
ACC 205 Week 2 DQ 1 Accounting Cycle (New) For
more course tutorials visit www.ashacc205.com   AC
C 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? Guided
Response
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ACC 205 ASH Course Future Starts / ashacc205.com
ACC 205 Week 2 DQ 2 Bank Reconciliation (New) For
more course tutorials visit www.ashacc205.com   Ba
nk 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. Could these
differences just be written off.Guided Response
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ACC 205 ASH Course Future Starts / ashacc205.com
ACC 205 Week 2 Exercise Assignment Revenue and
Expenses (New) For more course tutorials
visit www.ashacc205.com   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.
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ACC 205 ASH Course Future Starts / ashacc205.com
ACC 205 Week 2 Journal Income Statement Journal
(New) For more course tutorials
visit www.ashacc205.com   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 ASH Course Future Starts / ashacc205.com
ACC 205 Week 3 DQ 1 LIFO vs. FIFO (New) For more
course tutorials visit www.ashacc205.com   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?
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ACC 205 ASH Course Future Starts / ashacc205.com
ACC 205 Week 3 DQ 2 Depreciation (New) For more
course tutorials visit www.ashacc205.com   Depreci
ation 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
balance method, or an alternative method?
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ACC 205 ASH Course Future Starts / ashacc205.com
ACC 205 Week 3 Exercise Assignment Inventory
(New) For more course tutorials
visit www.ashacc205.com   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
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ACC 205 ASH Course Future Starts / ashacc205.com
ACC 205 Week 3 Journal Inventory Journal
(New) For more course tutorials
visit www.ashacc205.com   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.
16
ACC 205 ASH Course Future Starts / ashacc205.com
ACC 205 Week 4 DQ 1 Current Liability (New) For
more course tutorials visit www.ashacc205.com   Cu
rrent 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.
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ACC 205 ASH Course Future Starts / ashacc205.com
ACC 205 Week 4 DQ 2 Client Recommendations
(New) For more course tutorials
visit www.ashacc205.com   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
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ACC 205 ASH Course Future Starts / ashacc205.com
ACC 205 Week 4 Exercise Assignment Liability
(New) For more course tutorials
visit www.ashacc205.com   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.
a. Prepare the journal entries needed to
record the investments of Levy and Parcells.
19
ACC 205 ASH Course Future Starts / ashacc205.com
ACC 205 Week 4 Journal Future Obligations Journal
(New) For more course tutorials
visit www.ashacc205.com   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 ASH Course Future Starts / ashacc205.com
ACC 205 Week 5 DQ 1 (New) For more course
tutorials visit www.ashacc205.com   ACC 205 Week
5 DQ 1
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ACC 205 ASH Course Future Starts / ashacc205.com
ACC 205 Week 5 DQ 2 (New) For more course
tutorials visit www.ashacc205.com   ACC 205 Week
5 DQ 2
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ACC 205 ASH Course Future Starts / ashacc205.com
ACC 205 Week 5 Exercise Assignment Financial
Ratios(New)  For more course tutorials
visit www.ashacc205.com   Financial Ratios 1.
Liquidity ratios. Edison, Stagg, and Thornton
have the following financial information at the
close of business on July 10 Edison Stagg Thornt
on Cash 4,000 2,500 1,000
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ACC 205 ASH Course Future Starts / ashacc205.com
ACC 205 Week 5 Journal Most Important Ratio
Journal(New) For more course tutorials
visit www.ashacc205.com 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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ACC 205 ASH Course Future Starts / ashacc205.com
The Best way to predict the Future is to create
it.....To Best way....
www.ashacc205.com
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