ACC 290 Learn by Doing /newtonhelp.com

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ACC 290 Learn by Doing/newtonhelp.com
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ACC 290 Final Exam Guide (New, 2019, 100 Score)

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• Question 1
• The best definition of assets is the
•  
• collections of resources belonging to the company
  and the claims on these resources.

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ACC 290 Week 1 Apply Connect Assignment (100
Correct) (With Excel File)

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• 1
• On July 1, Tommy Wrigley established Wrigley Home
  Appraisal Services, a firm that provides expert
  residential appraisals and represents clients in
  home appraisal hearings.
• TRANSACTIONS
• The owner invested 100,000 in cash to begin the
  business.

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ACC 290 Week 1 Apply Connect Exercise

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• ACC 290 Week 1 Apply Connect Exercise
•  
• Review the Knowledge Check in preparation for
  this assignment.
•  
• Complete the Week 1 Exercise in Connect.

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ACC 290 Week 1 Assignment Preparing an Income
Statement Retained Earnings Statement and Balance
Sheet

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• Purpose of Assignment 
• The purpose of this assignment is to help
  students become familiar with the presentation of
  the income statement and the retained earnings
  statement, including how parts of the financial

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ACC 290 Week 1 Discussion Question 1

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• ACC 290 Week One - DQ 1
• What are the four basic financial statements?
  What is the primary purpose of each of the four
  basic financial statements? In your opinion,
  which financial statement is the most important?

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ACC 290 Week 1 Discussion Question 2

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• What are debits and credits? How are debits and
  credits used to record business transactions? Why
  do accountants debit asset accounts to increase
  them but credit liability accounts to increase
  them?

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ACC 290 Week 1 Individual Assignment Financial
Statements Paper

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• Individual - Financial Statements Paper - Prepare
  a 700 -1,050 word paper in which you identify the
  four basic financial statements.  Describe the
  purpose of each of the four financial statements.
  Discuss how the financial statements would be
  useful to internal users, such as to managers

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ACC 290 Week 1 Practice Connect Practice
Assignment

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• ACC 290 Week 1 Practice Connect Practice
  Assignment
• Complete the Week 1 Practice in Connect.
• Note You have unlimited attempts available to
  complete practice assignments
• 1
• On July 1, Tommy Wrigley established Wrigley Home
  Appraisal Services, a firm that provides expert
  residential appraisals and represents clients in
  home appraisal hearings.

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ACC 290 Week 1 Practice Connect Knowledge Check

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• ACC 290 Week 1 Practice Connect Knowledge Check
•  
• Complete the Week 1 Knowledge Check in Connect.

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ACC 290 Week 1 Practice Quiz(New)

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• Question 1
•  
•  
• Current assets are expected to be
  converted to cash or consumed within the next
  year or the normal operating cycle, whichever is
  longer.
•  

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ACC 290 Week 1 Vocabulary Activity (New)

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•  
• WileyPLUS Assignment Week 1 Vocabulary Activity
• Resource WileyPLUS
• Complete the following Week 1 Assignment in
  WileyPLUS
•  

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ACC 290 Week 1 WileyPlus Assignment DI1-3,
E1-3,E1-4, E2-4, IFRS2-4 (New)

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•  
• WileyPLUS Assignment Week 1 Assignment
• Resource WileyPLUS
• Complete the following Week 1 Assignment in
  WileyPLUS
• DO IT! 1-3
• Exercise 1-3
•  

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ACC 290 Week 2 Apply Connect Assignment

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•  
• ACC 290 Week 2 Apply Connect Assignment
•  
• Complete the Week 2 Assignment in Connect.
•  
• Note You have only 1 attempt available to
  complete assignments
•  

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ACC 290 Week 2 Apply Connect Exercise

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•  
• ACC 290 Week 2 Apply Connect Exercise
• Review the Knowledge Check in preparation for
  this assignment.
• Complete the Week 2 Exercise in Connect.
•  

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ACC 290 Week 2 Chapter 1,2,3 Orion WileyPlus
Proficiency and Practice Quiz

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•  
• ACC 290 Chapter 1 Orion WileyPlus Build your
  Proficiency
•  
•  Q 1.1 What is the primary purpose of the
  statement of cash flows?  
• Q 1.2 Which financial statement summarizes the
  financial position of a company?
• Q 1.3 Which financial statement provides
  information for a specific point in time?
• Q 1.4 The   reports revenues and expenses and
  resulting net

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ACC 290 Week 2 Charter for Collaborative Learning
Activities

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•  
• Resources Week 2 Learning Team Collaborative
  Discussion and the Learning Team Charter for
  Collaborative Learning Activities
• Write a 150- to 200-word individual response to
  the following
•          Consider the multiple definitions of
  collaboration.
•          Define collaboration and how you will
  apply it in this course based upon the discussion
  with your Learning Team. Be sure to reference and
  cite your sources.

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ACC 290 Week 2 Discussion Question 1

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•  
•  What is the revenue recognition principle? What
  is the expense recognition principle? Why are
  they important to financial reporting?
• What are adjusting entries and why are they
  necessary?
• What are accruals? Provide examples of accruals.
  Why do accruals require adjusting entries?

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ACC 290 Week 2 Discussion Question 2

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•  
•  
• What accounts are subject to adjusting journal
  entries and why?
• How would you explain the purpose of the adjusted
  trial balance?

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ACC 290 Week 2 E3-1 (New)

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•  
•  
• The balance sheet makes sure that the finances
  are in balance. Below is a list of Thyme
  Advertising Company, Inc. transactions. Each of
  these is affected differently.
• Issued common stock to investors in exchange for
  cash received from investors.
•  
• Paid monthly rent.

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ACC 290 Week 2 LT Reflection Summary (New)

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•  
•  
•  
• Discuss the objectives for ACC 290 Week Two. 
• What do you think will be the most important of
  the skills learned when you are in an accounting
  position? 
• Differentiate between accrual basis and cash
  basis of accounting. 
• Create Adjusting Entries.

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ACC 290 Week 2 Practice Connect Practice
Assignment

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•  
• ACC 290 Week 2 Practice Connect Practice
  Assignment
• Complete the Week 2 Practice in Connect.
• Note You have unlimited attempts available to
  complete practice assignments
• 1
• The following T accounts show transactions that
  were recorded by Residential Relocators, a firm
  that specializes in local housing rentals. The
  entries for the first transaction are labeled
  with the letter (a), the entries for the second
  transaction with the letter (b), and so on.

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ACC 290 Week 2 Practice Connect Knowledge Check

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•  
• ACC 290 Week 2 Practice Connect Knowledge Check
• Complete the Week 2 Knowledge Check in Connect.
• Note You have unlimited attempts available to
  complete this practice assignment

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ACC 290 Week 2 Practice Quiz (New)

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• Question 1
•  
• Expenses decrease retained earnings.
•  
• Question 2
•  
• During 2014, Gibson Company assets decreased
  50,000 and its liabilities decreased 90,000.
  Its stockholders equity
•  Question 3

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ACC 290 Week 2 Vocabulary Activity (New)

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•  
• WileyPLUS Assignment Week 2 Vocabulary Activity
•  
• Resource WileyPLUS
•  
• Complete the following Week 2 Assignment in
  WileyPLUS

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ACC 290 Week 2 WileyPlus Assignment BYP2-2,
IFRS2-6, E3-4, E3-8, BYP 3-2, IFRS 3-2, P3-5,
P3-6 (New)

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•  
•  
• WileyPLUS Assignment Week 2 Assignment
•  
• Resource WileyPLUS
•  
• Complete the following Week 2 Assignment in
  WileyPLUS

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ACC 290 Week 3/4 Learning Team Financial
Reporting Problem, Part 1 (2 Different
Papers)(New)

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•  
•  
•  
• Financial Reporting Problem Part I
•  
• Browse the Internet to acquire a copy of the most
  recent annual report for a publicly traded
  company. Analyze the information contained in the
  companys balance sheet and income statement to
  answer the following questions

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ACC 290 Week 3 Apply Connect Assignment (with
Excel File)

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•  
•  
•  
•  
• This Tutorial contains an Excel File which can be
  used for any values
• ACC 290 Week 3 Apply Connect Assignment

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ACC 290 Week 3 Apply Connect Exercise

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•  
•  ACC 290 Week 3 Apply Connect Exercise
• Review the Knowledge Check in preparation for
  this assignment.
• Complete the Week 3 Exercise in Connect.
• Note You have only one attempt available to
  complete this assignment.
•  
•  
•  

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ACC 290 Week 3 Chapter 4,5 Orion WileyPlus
Proficiency and Practice Quiz

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•  
• ACC 290 Chapter 4 Orion WileyPlus Build your
  Proficiency
•  
•  
• Q 4.1              Which of the following
  statements about accrual-basis accounting is NOT
  true?
• Q 4.2              If a company spends 12
  million dollars for a warehouse, when should the
  cost be written off?
•  
•  
•  

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ACC 290 Week 3 Discussion Question 1

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•  
• What are the steps in completing the accounting
  cycle? How do the different steps affect the
  financial statements? What is the effect on the
  financial statements of missing a step when
  completing the accounting cycle? What are the
  four closing journal entries? Why are they
  necessary?
•  
•  
•  

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ACC 290 Week 3 Discussion Question 2

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•  
•  
• What are the pros and cons of using reversing
  entries? Why are reversing entries optional? What
  is the main purpose of a financial statement
  worksheet and its benefits?  
•  
•  

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ACC 290 Week 3 LT Reflection Summary

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•  
•  
•  
• Discuss the objectives for ACC 290 Week Two. 
  What do you think will be the most important of
  the skills learned when you are in an accounting
  position?   

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ACC 290 Week 3 Practice Connect Practice
Assignment

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•  
•   
• ACC 290 Week 3 Practice Connect Practice
  Assignment
• Complete the Week3 Practice in Connect.
•  
• Note You have unlimited attempts available to
  complete practice assignments
•  
• 1
• On October 1, 2019, Helen Kennedy opened an
  advertising agency.
•  

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ACC 290 Week 3 Practice Quiz (New)

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•  
•   
• Question 1
•  
• The revenue recognition principle dictates that
  revenue is recognized in the period in which the
  cash is received.            
•  
•  

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ACC 290 Week 3 Practice Connect Knowledge Check

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•  
•   
• ACC 290 Week 3 Practice Connect Knowledge Check
• Complete the Week 3 Knowledge Check in Connect.
• Note You have unlimited attempts available to
  complete this practice assignment.  
•  

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ACC 290 Week 3 Problem 5-5A (Simon Company)

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•  
•   
• Purpose of Assignment 
• The purpose of this assignment is to help you
  become familiar with the parts of the
  multiple-step income statement.
• Assignment Steps 

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ACC 290 Week 3 Vocabulary Activity (New)

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•  
•   
•  
• WileyPLUS Assignment Week 3 Practice Quiz
• Resource WileyPLUS
• Complete the following Week 3 Assignment in
  WileyPLUS

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ACC 290 Week 3 WileyPlus Assignment BE4-1, P4-2A,
P4-3A, BYP4-1, IFRS PQ-1, PQ-2, PQ-3, PQ-4 (New)

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•  
•   
•  
• Assignment Week 3 Assignment
• Complete the following Week 3 Assignment
• Brief Exercise 4-1

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ACC 290 Week 4/5 Individual Assignment Financial
Reporting Problem Part II (2 Different
Papers)(New)

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•  
•   
•  
•  
• Financial Reporting Problem Part II
• Access the internet to acquire a copy of the most
  recent annual report for the public traded
  company used to complete the Financial Reporting
  Problem

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ACC 290 Week 4 Apply Connect Assignment (100
Correct) (With Excel File)

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•  
•   
•  
•  
• This Tutorial contains an Excel File which can be
  used for any values
•  
• ACC 290 Week 4 Apply Connect Assignment
•  
• Note You have only 1 attempt available to
  complete assignments

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ACC 290 Week 4 Apply Connect Exercise

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•  
•   
•  
•  
• ACC 290 Week 4 Apply Connect Exercise
• Review the Knowledge Check in preparation for
  this assignment.
• Complete the Week 4 Exercise in Connect.

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ACC 290 Week 4 Chapter 6 Orion WileyPlus
Proficiency and Practice Quiz

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•  
•   
•  
•  
• ACC 290 Chapter 6 Orion WileyPlus Build your
  Proficiency
•  
• Q 6.1              Where is inventory reported?
• Q 6.2              ________ are items that will
  eventually be used in production

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ACC 290 Week 4 Discussion Question 1

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•  
•   
•  
•  
• How would you calculate cost of goods sold? What
  items make up cost of goods sold? How does
  beginning and ending inventory affect cost of
  goods sold?

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ACC 290 Week 4 Discussion Question 2

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•  
•   
•  
•  
• What are the three different inventory cost flow
  assumptions commonly used in commerce today and
  allowed by generally accepted accounting
  principles?

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ACC 290 Week 4 LT Reflection Summary

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•  
•   
•  
•  
• Reflection and Financial Reporting Problem Part
  I.
• Discuss the objectives for ACC 290 Week Three. 
  How do they relate to the practice of accounting
  and its uses in business?  Prepare closing entries

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ACC 290 Week 4 Practice Connect Practice
Assignment

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•  
•   
•  
• ACC 290 Week 4 Practice Connect Practice
  Assignment
• Complete the Week 4 Practice in Connect.
• Note You have unlimited attempts available to
  complete practice assignments.
• attempt 1

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ACC 290 Week 4 Practice Connect Knowledge Check

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•  
•   
•  
• ACC 290 Week 4 Practice Connect Knowledge Check
• Complete the Week 4 Knowledge Check in Connect.

49
ACC 290 Week 4 Practice Quiz (New)

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•  
•   
•  
• Question 1
•  
•    A service company's operating cycle is
  ordinarily shorter than that of a merchandising
  company.
• The operating cycle of a merchandising company is
  ordinarily shorter than that of a service
  company.
•  
• Question 2

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ACC 290 Week 4 Vocabulary Activity (New)

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•  
•   
•  
• WileyPLUS Assignment Week 4 Vocabulary Activity
• Resource WileyPLUS
• Complete the following Week 4 Assignment in
  WileyPLUS
• Chapter 5 Crossword Puzzle 1
•  

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ACC 290 Week 4 Wileyplus Assignment P4-8A,
BYP5-1, BYP5-2, BE5-1, BE5-2, IFRS5-2, IFRS5-4,
PQ-1, PQ-2, PQ-3 (New)

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•  
•   
•  
• Week 4 Assignment
• Complete the following Week 4 Assignment in
• Problem 4-8A
•  

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ACC 290 Week 4Evaluate The Inventory Section Of
Two companies Using Basic Comparative Analysis

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•  
•   
•  
•  
• The purpose of this assignment is to evaluate the
  inventory section of two companies using basic
  comparative analysis, and to interpret the data
  to gain insight about the company's inventory
  management.

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ACC 290 Week 5 Apply Connect Assignment (100
Correct) (with Excel File)

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•  
•   
•  
•  
• This Tutorial contains an Excel File which can be
  used for any values
•  
• ACC 290 Week 5 Apply Connect Assignment

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ACC 290 Week 5 Apply Connect Exercise

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•  
•   
•  
• ACC 290 Week 5 Apply Connect Exercise
• Review the Knowledge Check in preparation for
  this assignment.
• Complete the Week 5 Exercise in Connect.

55
ACC 290 Week 5 Discussion Question 1

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•  
•   
•  
• What is the control environment? How does the
  control environment affect a companys internal
  controls? What are the negative and positive
  elements of a control environment?

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ACC 290 Week 5 IFRS Paper (New)

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•  
•   
•  
• IFRS 2-1 In what ways does the format of a
  statement of financial of position under IFRS
  often differ from a balance sheet presented under
  GAAP?

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ACC 290 Week 5 Learning Team Reflection Summary
(New)

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•  
•   
•  
• Reflection and Financial Reporting Problem Part
  II.
• Discuss the objectives for ACC 290 Week Four.  In
  the wake of accounting scandals over the past
  several years, how has the Sarbanes-Oxley

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ACC 290 Week 5 Practice Connect Practice
Assignment

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•  
•   
•  
•  
• ACC 290 Week 5 Practice Connect Practice
  Assignment
• Complete the Week 5 Practice in Connect.

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ACC 290 Week 5 Practice Connect Knowledge Check

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•  
•   
•  
•  
• ACC 290 Week 5 Practice Connect Knowledge Check
• Complete the Week 5 Knowledge Check in Connect.

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ACC 290 Week 5 Preparing Comprehensive Bank
Reconciliation (Daisey Company)

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•  
•   
•  
•  
• Purpose of Assignment
• Reconciling bank accounts is a good way to help
  maintain internal controls over cash. With time
  lags and posting errors it is easy for cash
  transactions

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ACC 290 Week 5 WileyPlus Assignment BE6-5, BE6-7,
BYP6-1, BYP6-2, BE7-4, BE7-6, IFRS PQ-1, PFRS
PQ-2(New)

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•  
•   
•  
• Assignment Week 5 Assignment
• Complete the following Week 5 Assignment
• IFRS Practice Question 1
• IFRS Practice Question 2

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ACC 290 Learn by Doing/newtonhelp.com