Title: ACC 220 Complete Class
1ACC 220
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2ACC 220 Complete Class
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- ACC 220 Week 1 Checkpoint Career Opportunities
- ACC 220 Week 1 DQ 1 DQ 2
- ACC 220 Week 2 Checkpoint Proprietorships,
Partnerships, and Corporations - ACC 220 Week 2 Assignment Financial Statements
- ACC 220 Week 3 Checkpoint Classified Balance
Sheets - ACC 220 Week 3 DQ 1 and DQ 2
- ACC 220 Week 4 Checkpoint Cash Management Matrix
Appendix B - ACC 220 Week 4 Assignment Internal Cash Control
- ACC 220 Week 5 Checkpoint Financial Reporting
- ACC 220 Week 5 DQ 1 and DQ 2
- ACC 220 Week 6 Checkpoint Cost, Volume and Profit
Questions - ACC 220 Week 6 Assignment Cost, Volume, and
Profit Formulas
3ACC 220 Week 1 Checkpoint Career Opportunities
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- CheckPoint Career Opportunities
-
- Visit the U.S. Department of Labor, Bureau of
Labor Statistics at http//www.bls.gov/oco/ocos001
.htm for an overview of the accounting field. - Visitwww.careers-in-accounting.com for additional
details such as salary expectations and general
job expectations. - Locatethree job postings within your state for
positions in the field of accounting. - Writea 200- to 300-word summary of the
educational requirements for each position, the
starting salary (if listed), and a brief
description of the responsibilities of the
position.
4 ACC 220 Week 1 DQ 1 and DQ 2
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- Discussion Questions
-
- Based on what you know about accounting, what
role do you see it playing in business
operations? How dependent do you think a business
is on its accounting department? Explain why. -
- Why are ethics so important in the field of
accounting? -
5ACC 220 Week 2 Assignment Financial Statements
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- Assignment Financial Statements
-
- Writea 350- to 700-word paper describing a
balance sheet, an income statement, a retained
earnings statement, and a statement of cash
flows. How does a company use these financial
statements to make future business decisions? Use
and define the following terms in your paper when
explaining how a company uses the information on
the statements -
- Assets
- Comparative statements
- Liabilities
- Stockholders equity
-
- Format your paper according to APA standards.
-
- Post your paper as an attachment
6ACC 220 Week 2 Checkpoint Proprietorships,
Partnerships, and Corporations
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Corporations -
- Explain the differences between a proprietorship,
a partnership, and a corporation in 200 to 300
words. Why would an entrepreneur want to choose
one over the other? If you were starting a new
business, which would you choose? Explain why -
7ACC 220 Week 3 Checkpoint Classified Balance
Sheets
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- CheckPoint Classified Balance Sheets
-
- Write a 200- to 300-word response explaining what
information would be found in each of the
following groupings on a classified balance sheet
and how that data might indicate the future
success or failure of a business -
- Current assets
- Long-term investments
- Property, plant, and equipment
- Intangible assets
8ACC 220 Week 3 DQ 1 and DQ 2
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- Discussion Questions
-
- When reviewing a financial report, why must
information be reliable, relevant, consistent,
and comparable? Why are these accounting
characteristics important? What kinds of problems
might result if a financial report is not
reliable, relevant, consistent, or comparable? -
- How does information from financial reports
influence business decisions? Why is it important
for business managers to understand the
information found on financial reports? -
9ACC 220 Week 4 Assignment Internal Cash Control
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- Assignment Internal Cash Control
-
- Write a 700- to 1,000-word paper that addresses
which internal controls are not being followed in
these listed situations - The accounting department receives from sales
invoices once a month. Most of the information
is missing on the invoices. - Rob, Sue, and Bob use the same cash register at
the donut shop. - Sam does the ordering of materials at the
beginning of every month and pays the bill. - Bank reconciliations are done by the person who
is responsible for all cash responsibilities. - New checks came in and are left on the shelf with
other supplies. - Everyone has access to the computer system and
the last audit was seven years ago by the former
accountant. -
- Include how a company might use the five basic
principles of cash management to increase
accuracy for a business. Please explain all of
the internal controls substantively.
10ACC 220 Week 4 Checkpoint Cash Management Matrix
Appendix B
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- CheckPoint Cash Management Matrix
-
- Use Appendix B. For each principle in the matrix,
describe how the principle ensures the
reliability of a companys financial statements
and provide at least one example of how the
principle might work in a real company. Do not
use examples from your text. -
- Post Appendix B as an attachment.
11ACC 220 Week 5 Checkpoint Financial Reporting
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- CheckPoint Financial Reporting
-
- Write a 200- to 300-word response to the
following Describe how the following financial
reports are used internally in a business
income statement, balance sheet, CVP income
statement, statement of cash flows, and retained
earnings statement. Give real world applications
by using examples to demonstrate the type of
business decisions that are made using these
statements. -
12ACC 220 Week 5 DQ 1 and DQ 2
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- Discussion Questions
-
- How would you describe the difference between
financial and managerial accounting? What are the
distinguishing features of managerial accounting? -
- Select a management function planning, directing
and motivating, or controllingand explain how
that function relates to business as a whole.
Next, select a different function listed by a
classmate. Discuss with your classmate how the
functions you each selected complement each
other. -
-
13ACC 220 Week 6 Assignment Cost, Volume, and
Profit Formulas
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- Assignment Cost, Volume, and Profit Formulas
-
- Review the following illustrations found in Ch. 6
of your text 6-12, 6-15, 6-17, 6-18, 6-19,
6-20. - Write a 350- to 700-word paper that addresses the
following -
- Explain the components of cost-volume-profit
analysis. -
- What does each of the components mean?
-
- Based on the formulas you have reviewed, what
happens to contribution margin per unit when unit
selling prices increase? Illustrate your
explanation with an example from a fictitious
company of how an increase in unit selling prices
might affect contribution margin. -
14ACC 220 Week 6 Checkpoint Cost, Volume and
Profit Questions
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- CheckPoint Cost, Volume, and Profit Questions
-
- Writea 200- to 300-word response that addresses
questions 7, 9, 14 in the Questions section on
p. 284285 of the text. -
-
15ACC 220 Week 7 Checkpoint Budget Matrix
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- CheckPoint Budgets Matrix
-
- Use Appendix C to define each of the types of
budgets listed and describe their uses. - Post Appendix C as an attachment.
-
16ACC 220 Week 7 DQ 1 and DQ 2
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- Discussion Questions
-
- How does budgeting help management make good
business decisions? -
- What are some of the different types of budgets?
Describe in detail one type of budget covered in
the text. Describe what the budget is used for
and what information it provides a business. As
you respond to your classmates, discuss how the
budget you described relates to the budgets they
described. Discuss how a business benefits from
each of the budgets. -
17ACC 220 Week 8 Assignment Responsibility Center
Presentation
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- Assignment Responsibility Center Presentation
-
- Imagine you have been selected by your manager to
present a training session to a group of new
employees. The new hires do not have accounting
backgrounds and have little or no work history in
a responsibility center. The purpose of this
training session is to explain the functions of
each of the different responsibility centers. -
- Develop a 10- to 12-slide Microsoft PowerPoint p
resentation that you may use as part of this
training session. - Explain what each of the different responsibility
centers is and what each is accountable for and
why each center has its own budget. - Provide an example of the kinds of decisions
where incremental analysis would be used in each
center. - Include speaker notes for your presentation.
-
18ACC 220 Week 8 Checkpoint Flexible Budgets
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- CheckPoint Flexible Budgets
-
- Respond in200 to 300 words, to the following
-
- What is a flexible budget?
- What are the steps to developing a flexible
budget? - What information is found on a flexible budget
report? - How is that information used to evaluate
performance?
19ACC 220 Week 9 Capstone Discussion Question
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- Capstone Discussion Question
-
- Think back over what you have studied and learned
in this course. Do you have a new perception of
or appreciation for the field of accounting and
how it contributes to business? Explain.
20ACC 220 Week 9 Final Project Business Plan
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- Final Project Business Plan
-
- You want to start your own business. You found an
investment group that is willing to give you the
capital needed for the first year of your
business, but onlyif you can convince them you
have a solid plan for the success of this
business. Your investor is very concerned with
how the accounting functions of this business
will be handled. -
- Write a 700- to 1,050-word paper based on the
scenario above. - Persuade your investor to put up the capital by
addressing the following questions in your
business plan -
- What is the name of your business?
- What type of business structure is itsole
proprietorship, partnership, or corporation? Why
did you choose that structure? - What type of services or products does your
business provide? - What role will accounting play in the start up of
your business?