ACC 205 course Enthusiastic Study/snaptutorial.com

1
ACC 205 course Enthusiastic Study/snaptutorial.com
2
ACC 205 course Enthusiastic Study/snaptutorial.com
ACC 205 Week 1 Assignment Student Guidance
Report For more classes visit www.snaptutorial.c
om   Exercises 2.        Basic computations. The
following selected balances were extracted from
the accounting records of Rossi Enterprises on
December 31, 20X3
3
ACC 205 course Enthusiastic Study/snaptutorial.com
ACC 205 Week 1 Chapter 1 2 Quiz and Video Quiz
For more classes visit www.snaptutorial.com   ACC
205 Week 1 Chapter 1,2 Quiz and Video
Quiz     1. In accounting the concept of
materiality refers to ________________.      
4
ACC 205 course Enthusiastic Study/snaptutorial.com
ACC 205 Week 1 DQ 1 Accounting Equation For
more classes visit www.snaptutorial.com   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.  
5
ACC 205 course Enthusiastic Study/snaptutorial.com
ACC 205 Week 1 DQ 2 Accounts For more
classes visit www.snaptutorial.com   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.
6
ACC 205 course Enthusiastic Study/snaptutorial.com
ACC 205 Week 1 Journal Balance Sheet Journal
For more classes visit www.snaptutorial.com   B
alance Sheet JournaThe Balance Sheet is a
financial snap shot of a company at  a particular
point in time.  The Balance Sheet lists the
assets, liabilities,
7
ACC 205 course Enthusiastic Study/snaptutorial.com
ACC 205 Week 2 Assignment Student Guidance
Report For more classes visit www.snaptutorial.c
om   Exercise 4 4. Accounting for prepaid
expenses and unearned revenues. Hawaii-Blue began
business on January 1 of the current year and
offers
8
ACC 205 course Enthusiastic Study/snaptutorial.com
ACC 205 Week 2 Chapter 3 4 Quiz and Video Quiz
For more classes visit www.snaptutorial.com   ACC
205 Week 2 Chapter 3,4 Quiz and Video
Quiz     1. The accrual basis of accounting
means_______________________.      
9
ACC 205 course Enthusiastic Study/snaptutorial.com
ACC 205 Week 2 DQ 1 Accounting Cycle For
more classes visit www.snaptutorial.com   Financi
al 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
10
ACC 205 course Enthusiastic Study/snaptutorial.com
ACC 205 Week 2 DQ 2 Bank Reconciliation For
more classes visit www.snaptutorial.com   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?
11
ACC 205 course Enthusiastic Study/snaptutorial.com
ACC 205 Week 2 Journal Income Statement Journal
For more classes visit www.snaptutorial.com  
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
12
ACC 205 course Enthusiastic Study/snaptutorial.com
ACC 205 Week 3 Assignment Student Guidance
Report For more classes visit www.snaptutorial.c
om   Chapter 5, Exercise 1 Inventory errors and
income measurement. The income statements of
Keagle Company for 20X3 and 20X4 follow.
13
ACC 205 course Enthusiastic Study/snaptutorial.com
ACC 205 Week 3 Chapter 5 6 Quiz and Video Quiz
For more classes visit www.snaptutorial.com   ACC
205 Week 3 Chapter 5,6 Quiz and Video Quiz    
1. Gross Profit is ___________________.       Ques
tion 2. 2. All of the following are considered
part of inventory cost except__________.       
14
ACC 205 course Enthusiastic Study/snaptutorial.com
ACC 205 Week 3 DQ 1 LIFO vs. FIFO For more
classes visit www.snaptutorial.com   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
15
ACC 205 course Enthusiastic Study/snaptutorial.com
ACC 205 Week 3 DQ 2 Depreciation For more
classes visit www.snaptutorial.com   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
16
ACC 205 course Enthusiastic Study/snaptutorial.com
ACC 205 Week 3 Journal Inventory Journal For
more classes visit www.snaptutorial.com   Reflect
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
17
ACC 205 course Enthusiastic Study/snaptutorial.com
ACC 205 Week 4 Assignment Student Guidance
Report For more classes visit www.snaptutorial.c
om   Chapter 7 Exercise 2 and 4 2.        
Accrued liability current portion of long-term
debt. On July 1, 20X1, Hall Company borrowed
225,000 via a long-term loan.
18
ACC 205 course Enthusiastic Study/snaptutorial.com
ACC 205 Week 4 Chapter 7 8 Quiz and Video Quiz
For more classes visit www.snaptutorial.com   ACC
205 Week 4 Chapter 7,8 Quiz and Video Quiz   1.
Current Liabilities are __________________________
___. (Points 1)   Question 2. 2. The Unearned
Revenue account is used to record
____________________. (Points 1)
19
ACC 205 course Enthusiastic Study/snaptutorial.com
ACC 205 Week 4 DQ 1 Current Liability For
more classes visit www.snaptutorial.com   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
20
ACC 205 course Enthusiastic Study/snaptutorial.com
ACC 205 Week 4 DQ 2 Client Recommendations
For more classes visit www.snaptutorial.com   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
21
ACC 205 course Enthusiastic Study/snaptutorial.com
ACC 205 Week 4 Journal Future Obligations
Journal For more classes visit www.snaptutori
al.com   The current liability section of the
balance sheet lists the liabilities that are due
within the next 12 months.  Reflecting on your
current
22
ACC 205 course Enthusiastic Study/snaptutorial.com
ACC 205 Week 5 Assignment Student Guidance
Report For more classes visit www.snaptutorial.c
om   Chapter 9 Exercise 3 Liquidity ratios.
Edison, Stagg, and Thornton have the following
financial information at the close of business on
July 10
23
ACC 205 course Enthusiastic Study/snaptutorial.com
ACC 205 Week 5 Chapter 9 Quiz and Video Quiz
For more classes visit www.snaptutorial.com   ACC
205 Week 5 Chapter 9 Quiz and Video
Quiz     Question 1. 1. Common-size financial
statements means___________________.    Question
2. 2. Vertical analysis of a financial statement
involves_______________.   
24
ACC 205 course Enthusiastic Study/snaptutorial.com
ACC 205 Week 5 DQ 1 For more classes
visit www.snaptutorial.com   ACC 205 Week 5 DQ
1      
25
ACC 205 course Enthusiastic Study/snaptutorial.com
ACC 205 Week 5 DQ 2 For more classes
visit www.snaptutorial.com   ACC 205 Week 5 DQ
2      
26
ACC 205 course Enthusiastic Study/snaptutorial.com
ACC 205 Week 5 Exercise Assignment Financial
Ratios For more classes visit www.snaptutoria
l.com   1.      Liquidity ratios. Edison, Stagg,
and Thornton have the following financial
information at the close of business on July
10   Edison Stagg Thornton
27
ACC 205 course Enthusiastic Study/snaptutorial.com
ACC 205 Week 5 Final Paper Paper (Boeing General
Electric Lowes Home) (3 Papers) For more
classes visit www.snaptutorial.com   This
Tutorial contains 3 Papers Paper 1 Boeing
28
ACC 205 course Enthusiastic Study/snaptutorial.com
ACC 205 Week 5 Final Paper Paper (Microsoft
StarBucks) (2 Papers) For more classes
visit www.snaptutorial.com   This Tutorial
contains 2 Papers Paper 1 Microsoft Paper 2
StarBucks  
29
ACC 205 course Enthusiastic Study/snaptutorial.com
ACC 205 Week 5 Final Paper Paper (Walmart,
Qualcomm) (2 Papers) For more classes
visit www.snaptutorial.com   This Tutorial
contains 2 Papers Paper 1 Walmart Paper 2
Qualcomm
30
ACC 205 course Enthusiastic Study/snaptutorial.com
ACC 205 Week 5 Journal Most Important Ratio
Journal For more classes visit www.snaptutori
al.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
31
ACC 205 course Enthusiastic Study/snaptutorial.com