ACC 205 ASH Courses

1. ACC 205 ASH Courses

2. ACC 205 ASH Courses ACC 205 Entire Course ACC 205 Week 1 Assignment P2-53B • ACC 205 Week 1 Assignment P2-53B Correcting errors in a trial balanceACC 205 Week 1 DQ 1 Ethical IssuesACC 205 Week 1 DQ 2 Debit and Credit • P2-53B Correcting errors in a trial balanceThe trial balance for Treasure Hunt Exploration Company does not balance.Treasure Hunt Exploration CompanyTrial BalanceJuly 31, 2012

3. ACC 205 ASH Courses ACC 205 Week 1 DQ 1 Ethical Issues ACC 205 Week 1 DQ 2 Debit and Credit • What is the fundamental ethical issue in this situation? How do the two suggestions of the company owner differ? • Define the terms “debit” and “credit”. Explain how debits and credits affect the following: assets, liabilities, owner’s capital account, revenues and expenses. Respond to at least two of your classmates’ postings.

4. ACC 205 ASH Courses ACC 205 Week 2 Assignment P3-32A, P3-33A ACC 205 Week 2 DQ 1 Ethical Issue 3-1 • ACC 205 Week 2 Assignment P3-32A, P3-33A, E4-21, P4-25A • From Chapter 3, Ethical Issue 3-1Compute the overall effects of these transaction o the store’s reported income 2014.Why is Steinbach taking this action? Is his action ethical? Give your reason, identifying the parties helped and the parties harmed by Steinbach’s action.

5. ACC 205 ASH Courses ACC 205 Week 2 DQ 2 Adjusting Entries ACC 205 Week 3 Assignment E5-16 ,E6-23 • Explain the purpose of adjusting entries. How is net income affected if adjusting entries are not made? Describe the four closing entries and explain their purpose. Respond to at least two of your classmates’ postings. • ACC 205 Week 3 Assignment E5-16 ,E6-23 ,E6-28, P5-29A

6. ACC 205 ASH Courses ACC 205 Week 3 DQ 1 Ethical Issue 5-1 ACC 205 Week 3 DQ 2 FIFO and LIFO • From Chapter 5, Ethical Issue 5-1Under Dobbs’ FOB policy, when should the company record a sale?Do you approve or disapprove of Dobbs’ manner of deciding when to ship goods to customers and record the sales revenue? If you approve, give your reason. If you disapprove, identify a better way to decide when to ship goods. • Describe the inventory valuation methods FIFO and LIFO. Which items are included in ending inventory under each method? Respond to at least two of your classmates’ postings.

7. ACC 205 ASH Courses ACC 205 Week 4 Assignment P7-31A ACC 205 Week 4 DQ 1 Fraud Case 7-1 • ACC 205 Week 4 Assignment P7-31A, P8-32A, P8-26A, P8-27A, P7-27A • Fraud Case 7-1.What was the key control weakness in this case?Many small businesses cannot afford to hire enough people for adequate separation of duties. What can they do to compensate for this?

8. ACC 205 ASH Courses ACC 205 Week 4 DQ 2 Bad Debts ACC 205 Week 5 Assignment Final Paper • Discuss the allowance method and the direct write-off method of accounting for bad debts. When is the expense for uncollected accounts receivable recognized under each method? Respond to at least two of your classmates’ postings. • Submit a paper on one of the major topics listed below using course topics previously referenced as the basis for the paper and incorporating at least two other related articles of the student’s choice:How have modern accounting systems made a difference in modern organizations?

9. ACC 205 ASH Courses ACC 205 Week 5 Assignment P10-18A ACC 205 Week 5 DQ 1 Fraud Case 9-1 • ACC 205 Week 5 Assignment P10-18A , E9-24, E9-21, P9-28A, P10-15A • From Chapter 9, Fraud Case 9-1When a business sells a fully depreciated asset for its salvage value, is a gain or loss recognized?How do businesses determine what salvage values to use for their various assets? Are there “hard and fast” rules for salvage values?

10. ACC 205 ASH Courses ACC 205 Week 5 DQ 2 Current Liabilities • There are two types of current liabilities that must be estimated. Describe them and explain why they must be estimated. How are the financial statements affected if they are not estimated? Respond to at least two of your classmates’ postings.

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