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For more course tutorials visit www.tutorialoutlet.com ACC 291 Final Exam Study Guide Question 207 On January 1, a machine with a useful life of five years and a residual value of $40,000 was purchased for $120,000. What is the depreciation expense for year 2 under the double-declining-balance method of depreciation? IFRS Multiple Choice Question 01 As a recent graduate of State University you're aware that IFRS requires component depreciation for plant assets. A friend has asked you to succinctly explain what component depreciation means. Which of the following correctly describes component depreciation? Multiple Choice Question 198 Given the following account balances at year end, compute the total intangible assets on the balance sheet of Janssen Enterprises. Cash $1,500,000 Accounts Receivable 4,000,000 Trademarks 1,000,000 Goodwill 2,500,000 Research & Development Costs 2,000,000 Explanation: Intangible Assets = Goodwill Trademarks = 3,500,000 Multiple Choice Question 146
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ACC 290 NEWCourseTutorial For more course tutorials visit www.tutorialoutlet.com
ACC 290 NEWCourseTutorial ACC 290 Week 5 WileyPlus Assignment BE6-5, BE6-7, BYP6-1, BYP6-2, BE7-4, BE7-6, BE5-1, For more course tutorials visit www.tutorialoutlet.com we have another New set of week 5 Willeyplus assignment which could be found on this link WileyPLUS Assignment: Week 5 Assignment Resource: WileyPLUS Complete the following Week 5 Assignment in WileyPLUS: • Brief Exercise 6-5 • Brief Exercise 6-7 • BYP 6-1 • BYP 6-2
ACC 290 UOPCourseTutorial ACC 290 Week 5 Learning Team Reflection Summary (New) For more course tutorials visit www.tutorialoutlet.com 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 Act (SOX) of 2002 affected the practice of accounting? What is the role of internal controls in complying with SOX (2002)? Write a 350 to 500 word summary of your Learning Team’s discussion.
ACC 290 NEWCourseTutorial ACC 290 Week 5 IFRS Paper (New) For more course tutorials visit www.tutorialoutlet.com FRS 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? IFRS 2-2: Do the IFRS and GAAP conceptual frameworks differ in terms of the objective of financial reporting? Explain. IFRS 2-3: What terms commonly used under IFRS are synonymous with common stock and balance sheet? IFRS 3-1: Describe some of the issues the SEC must consider in deciding whether the United States should adopt IFRS. IFRS 4-1: Compare and contrast the rules regarding revenue recognition under IFRS versus GAAP. IFRS 4-2: Under IFRS, do the definitions of revenues and expenses include
ACC 290 NEWCourseTutorial ACC 290 Week 5 Discussion Question 1 (Uop) For more course tutorials visit www.tutorialoutlet.com What is the control environment? How does the control environment affect a company’s internal controls? What are the negative and positive elements of a control environment? What are two examples of strong and weak internal controls in organizations where you have worked or have first-hand knowledge? How are these different? How would you describe the key internal controls that should be in place to protect cash in a cash rich environment such as a merchandiser? What are the key internal controls that should be in place to protect inventory for a merchandiser that sells highly desirable and very expensive inventory, such as jewelry? Would this be different if the business had a less desirable and less expensive inventory? Explain why or why not.
ACC 290 NEWCourseTutorial ACC 290 Week 4-5 Individual Assignment Financial Reporting Problem Part II (New) For more course tutorials visit www.tutorialoutlet.com 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, Part 1 assignment due in ACC 290 Week Four. Analyze the information contained in the company’s balance sheet and income statement to answer the following questions: Are the assets included under the company’s current assets listed in the proper order? Explain your answer. How are the company’s assets classified?
ACC 290 NEWCourseTutorial ACC 290 Week 4 WileyplusAssignment P4-8A, BYP5-1, BYP5-2, BE5-1, BE5-2, (New) For more course tutorials visit www.tutorialoutlet.com WileyPLUS Assignment: Week 4 Assignment Resource: WileyPLUS Complete the following Week 4 Assignment in WileyPLUS: • Problem 4-8A • BYP 5-1 • BYP 5-2 • Question 2 • Brief Exercise 5-1 • Brief Exercise 5-2
ACC 290 NEWCourseTutorial ACC 290 Week 4 Vocabulary Activity (New) For more course tutorials visit www.tutorialoutlet.com WileyPLUS Assignment: Week 4 Vocabulary Activity Resource: WileyPLUS Complete the following Week 4 Assignment in WileyPLUS: • Chapter 5 Crossword Puzzle 1
ACC 290 NEWCourseTutorial ACC 290 Week 4 Practice Quiz (New) For more course tutorials visit www.tutorialoutlet.com ACC 290 Week 4 Practice Quiz 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 Due to the turnover time of inventory, merchandising compf getting the inventory ready to sell. All costs incurred to get inventory ready to sell are included as part of Inventory account with a debit.
ACC 290 NEWCourseTutorial ACC 290 Week 4 LT Reflection Summary (UoP) For more course tutorials visit www.tutorialoutlet.com 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, reversing entries, and a post closing trial balance. Prepare a financial statement work sheet
ACC 290 NEWCourseTutorial ACC 290 Week 4 Discussion Question 2 (Uop) For more course tutorials visit www.tutorialoutlet.com What are the three different inventory cost flow assumptions commonly used in commerce today and allowed by generally accepted accounting principles? How does a company determine what cost flow assumption they should use? How does first in, first out cost flow assumption work? When it is most appropriate to use? How does last in, first out cost flow assumption work? When it is most appropriate to use? How does an average cost flow assumption work? When it is most appropriate to use?
ACC 290 NEWCourseTutorial ACC 290 Week 4 Discussion Question 1 (Uop) For more course tutorials visit www.tutorialoutlet.com Product Description 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? What are the journal entries a merchandising organization would use to record the purchase and subsequent sale of merchandise? How would these transactions differ with a periodic versus a perpetual inventory system? Why are perpetual inventory systems so much more popular today than back in the early 1960s and earlier? Why would a company employing a perpetual inventory system still take a physical inventory periodically?
ACC 290 NEWCourseTutorial ACC 290 Week 3-4 Learning Team Financial Reporting Problem Part 1 (2 Different Papers) (New) For more course tutorials visit www.tutorialoutlet.com 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 company’s balance sheet and income statement to answer the following questions: What are the company’s total assets at the end of its most recent annual reporting period? Why is this important? What are the total assets at the end of the previous annual reporting period? How much cash and cash equivalents did the company have at the end of its most recent annual reporting period? What amount of accounts payable did the company have at the end of its
ACC 290 NEWCourseTutorial ACC 290 Week 3 Wiley Plus Assignment BE4-1, P4-2A, P4-3A, BYP4-1 (New) For more course tutorials visit www.tutorialoutlet.com WileyPLUS Assignment: Week 3 Assignment Resource: WileyPLUS Complete the following Week 3 Assignment in WileyPLUS: • Brief Exercise 4-1 • Problem 4-2A • Problem 4-3A • BYP 4-1
ACC 290 NEWCourseTutorial ACC 290 Week 3 Vocabulary Activity (New) For more course tutorials visit www.tutorialoutlet.com WileyPLUS Assignment: Week 3 Practice Quiz Resource: WileyPLUS Complete the following Week 3 Assignment in WileyPLUS: • Chapter 4 Practice Quiz
ACC 290 NEWCourseTutorial ACC 290 Week 3 Practice Quiz (New) For more course tutorials visit www.tutorialoutlet.com Product Description ACC 290 Week 3 Quiz Question 1 The revenue recognition principle dictates that revenue is recognized in the period in which the cash is received. Question 2 The generally accepted accounting principle which dictates that revenue be recognized in the accounting period in which the performance obligation is satisfied is the
ACC 290 NEWCourseTutorial ACC 290 Week 3 LT Reflection Summary (New) For more course tutorials visit www.tutorialoutlet.com Product Description 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. Prepare an adjusted trial balance. Write a 350 to 500 word summary of your Learning Team’s discussion.
ACC 290 NEWCourseTutorial ACC 290 Week 3 Discussion Question 2 (Uop) For more course tutorials visit www.tutorialoutlet.com 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? How has automation aided the preparation, accuracy, and use of the financial statement worksheet?
ACC 290 NEWCourseTutorial ACC 290 Week 3 - Individual Wiley PLUS Assignment - Exercise BE4-1, Problem P4-2(Uop) For more course tutorials visit www.tutorialoutlet.com we have another New set of week 3 Willeyplus assignment which could be found on this link http://www.tutorialrank.com/ACC/ACC-290-(New)/product-11824-ACC-290-Week-3-Wiley-Plus-Assignment-BE4-1,-P4-2A,-P4-3A,-BYP4-1-(New) Complete the following in WileyPLUS: Brief Exercise BE4-1, Problem P4-2A, and Problem P4-3A
ACC 290 NEWCourseTutorial 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) For more course tutorials visit www.tutorialoutlet.com WileyPLUS Assignment: Week 2 Assignment Resource: WileyPLUS Complete the following Week 2 Assignment in WileyPLUS: • BYP 2-2 • IFRS 2-6 • Exercise 3-4 • Exercise 3-8 • Exercise 3-10 • BYP 3-2 • IFRS 3-2 • Problem 3-5
ACC 290 NEWCourseTutorial ACC 290 Week 2 Vocabulary Activity (New) For more course tutorials visit www.tutorialoutlet.com WileyPLUS Assignment: Week 2 Vocabulary Activity Resource: WileyPLUS Complete the following Week 2 Assignment in WileyPLUS: • Chapter 2 Wiley PLUS Crossword Puzzle 1
ACC 290 NEWCourseTutorial ACC 290 Week 2 Practice Quiz (New) For more course tutorials visit www.tutorialoutlet.com ACC 290 Week 2 Quiz 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 Payment of a dividend Question 4
ACC 290 NEWCourseTutorial ACC 290 Week 2 LT Reflection Summary (Uop) For more course tutorials visit www.tutorialoutlet.com Discuss the objectives for ACC 290 Week One. How do they relate to the practice of accounting and its uses in business? Identify the four basic financial statements. Classify transactions using the rules of debit and credit. Journalize basic transactions. Discuss how financial statements would be useful to external users such as investors and creditors. Write a 350 to 500 word summary of your Learning Team’s discussion.
ACC 290 NEWCourseTutorial ACC 290 Week 2 LT Reflection Summary (New) For more course tutorials visit www.tutorialoutlet.com 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. Prepare an adjusted trial balance. Write a 350 to 500 word summary of your Learning Team’s discussion.
ACC 290 NEWCourseTutorial ACC 290 Week 2 Discussion Question 2 (Uop) For more course tutorials visit www.tutorialoutlet.com What accounts are subject to adjusting journal entries and why? How would you explain the purpose of the adjusted trial balance?
ACC 290 NEWCourseTutorial ACC 290 Week 2 Individual WileyPLUS Assignment For more course tutorials visit www.tutorialoutlet.com WileyPLUS and Financial Accounting. Complete the following in WileyPLUS: Exercise E3-4, Exercise E3-9, Problem 3-5A, Problem 3-6A
ACC 290 NEWCourseTutorial ACC 290 Week 2 Discussion Question 1 (Uop) For more course tutorials visit www.tutorialoutlet.com 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? What are deferrals? What are some examples of deferrals? Why do deferrals require adjusting entries?
ACC 290 NEWCourseTutorial ACC 290 Week 2 Discussion Question 2 (Uop) For more course tutorials visit www.tutorialoutlet.com What accounts are subject to adjusting journal entries and why? How would you explain the purpose of the adjusted trial balance?
ACC 290 NEWCourseTutorial ACC 290 Week 2 LT Reflection Summary (Uop) For more course tutorials visit www.tutorialoutlet.com Discuss the objective for ACC 290 Week One. How do they relate to the practice of accounting and its uses in business? Identify the four basic financial statements. Classify transactions using the rules of debit and credit. Journalize basic transactions. Discuss how financial statements would be useful to external users such as investors and creditors. Write a 350 to 500 word summary of your Learning Team’s discussion.
ACC 290 NEWCourseTutorial ACC 290 Week 3 - Individual WileyPLUSAssignmen (Uop) f ormore course tutorials visit www.tutorialoutlet.com Complete the following in WileyPLUS: Brief Exercise BE4-1, Problem P4-2A, and Problem P4-3A .
ACC 290 NEWCourseTutorial ACC 290 Week 3 Discussion Question 2 (Uop) For more course tutorials visit www.tutorialoutlet.com 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? How has automation aided the preparation, accuracy, and use of the financial statement worksheet?
ACC 290 NEWCourseTutorial ACC 290 Week 3 LT Reflection Summary (Uop) For more course tutorials visit www.tutorialoutlet.com 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. Prepare an adjusted trial balance. Write a 350 to 500 word summary of your Learning Team’s discussion.