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CheckPoint: Financial Statements<br>• Resource: Fundamental Accounting Principles, Ch. 1<br>• Due Date: Day 5 [post to the Individual forum]<br>• Consider that you have been asked to explain financial statements to someone who<br>knows nothing about accounting.<br>• Review the information on financial statements in Ch. 1 of Fundamental Accounting<br>Principles.<br>• Discuss, in 200300 words, each of the four financial statements. Explain the different<br>components of the statements as well as what the statements tell about a business.<br>
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ACC 225 ASH Course Tutorial For more course tutorials visit www.uophelp.com
ACC 225 ASH Course Tutorial ACC 225 Entire Course ACC 225 Week 1 Checkpoint Career Opportunities • ACC 225 Week 1 Checkpoint Career Opportunities • ACC 225 Week 1 DQ 1 & DQ 2 • ACC 225 Week 2 Checkpoint Proprietorships, Partnerships, and Corporations • ACC 225 Week 2 Assignment Financial Statements • ACC 225 Week 3 Checkpoint Classified Balance Sheets • ACC 225 Week 3 DQ 1 and DQ 2 • ACC 225 Week 4 Checkpoint Cash Management Matrix Appendix B • 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.
ACC 225 ASH Course Tutorial ACC 225 Week 1 Exercise Accounting ACC 225 Week 2 Assignment Preparing • Exercises: Accounting and Business Organizations • • Resource: Fundamental Accounting Principles, p. 30 • • Due Date: Day 5 • • Post your answers to Exercises 11 and 14. • Assignment: Preparing Journal Entries and Trial Balances • • Resource: Fundamental Accounting Principles, pp. 76 and 80 • • Due Date: Day 7 [Individual] forum • • Complete Exercises 24 and 25 on p. 76 and Problem 22A on p. 80. • • Post your answers as an attachment.
ACC 225 ASH Course Tutorial ACC 225 Week 2 Checkpoint Debits and Credits ACC 225 Week 3 Checkpoint Adjustments • Checkpoint: Debits and Credits • • Resource: Fundamental Accounting Principles, p. 74 • • Due Date: Day 4 [Individual] forum • • Post your answers to Quick Study questions QS 23, QS 24, and QS 25. • CheckPoint: Adjustments and Accrual and Cash Basis Accounting • • Resource: Fundamental Accounting Principles, pp. 116118 and 120 • • Due Date: Day 5 [Individual] forum • • Complete Quick Study questions QS 31 and QS 39 on pp. 116 and 117 and Exercises • 31 and 37 on pp. 118 and 120. • • Post your answers as an attachment.
ACC 225 ASH Course Tutorial ACC 225 Week 3 DQ 1 and DQ 2 ACC 225 Week 4 Assignment Preparing Entries and Statements • Discussion Question 1 • • Due Date: Day 2 [Main] forum • • Post your response to the following: • o What is the difference between cash basis and accrual basis accounting? • o Why do accrualbasis financial statements provide more useful information than • cashbasis financial statements? • Assignment: Preparing Entries and Statements • • Resources: Fundamental Accounting Principles, pp. 165167 • • Due Date: Day 7 [Individual] forum • • Complete Problems 45A and 46A. When responding to the analysis component of 4 • 5A, be sure to think critically about the possible errors that are described. In your answer,
ACC 225 ASH Course Tutorial ACC 225 Week 4 Checkpoint Preparing ACC 225 Week 5 Checkpoint Inventory Systems • CheckPoint: Preparing Balance Sheets and Statements • • Resource: Fundamental Accounting Principles, pp. 156 and 159 • • Due Date: Day 4 [Individual] forum • • Complete Quick Study question QS 42 on p. 156 and Exercises 44 and 45 on p. 159. • • Post your answers as an attachment. • ? • CheckPoint: Inventory Systems and Calculating Revenues, Expenses, and Income • • Resource: Fundamental Accounting Principles, pp. 206, 208, and 209. • • Due Date: Day 5 [Individual] forum • • Complete Quick Study question QS 58 on p. 206 and Exercises 59 and 513 on pp. • 208209. • • Post your answers as an attachment.
ACC 225 ASH Course Tutorial ACC 225 Week 5 DQ 1 and DQ 2 ACC 225 Week 6 Assignment Estimating • Discussion Question 1 • • Due Date: Day 2 [Main] forum • • Post your response to the following: Find the financial statements of a service company • and of a merchandising company: http://highered.mcgrawhill. • com/sites/0072512431/student_view0/chapter1/text_company_links.html • What items appear on the merchandising company statements that don’t appear on the • service company statements? Why is there a difference? • Assignment: Estimating Inventory and Preparing MultipleStep and SingleStep Income • Statements • • Resource: Fundamental Accounting Principles, pp. 251 and 256 • • Due Date: Day 7 [Individual] forum • • Complete Problems 54A on p. 212, 61A on p. 251, and 66B and 67B on p. 256. • as an attachment.
ACC 225 ASH Course Tutorial ACC 225 Week 6 Checkpoint Computing Inventory Balances and Lower of Cost or Market ACC 225 Week 7 Checkpoint Accounting Information Systems and Special Journals • CheckPoint: Computing Inventory Balances and Lower of Cost or Market • • Resource: Fundamental Accounting Principles, pp. 247249 • • Due Date: Day 4 [Individual] forum • • Complete Quick Study question QS 61 on p. 247 and Exercises 61 and 65 on pp. 248 • and 249. • CheckPoint: Accounting Information Systems and Special Journals • • Resource: Fundamental Accounting Principles, pp. 289, 290, and 291 • • Due Date: Day 5 [Individual] forum • • Complete Quick Study questions QS 71 and QS 73 on p. 289, and Exercises 71, 74, • 77, and 710 on pp. 290291. • • Post your answers as an attachment.
ACC 225 ASH Course Tutorial ACC 225 Week 7 DQ 1 and DQ 2 ACC 225 Week 8 Assignment Internal Control and Bank Reconciliations • Discussion Question 1 • • Due Date: Day 2 [Main] forum • • Post your response to the following: Megagrocer is a grocery chain that operates five • stores. The stores are supplied with produce, meat, dairy, and dry goods by six separate • vendors. In addition to the stores, Megagrocer maintains an ecommerce site through • which customers can order and pay for groceries. • Assignment: Internal Control and Bank Reconciliations • • Resource: Fundamental Accounting Principles, pp. 338 and 339 • • Due Date: Day 7 [Individual] forum • • Complete Problems 81A, 83A, and 84A (including the Analysis Component) .
ACC 225 ASH Course Tutorial ACC 225 Week 8 Checkpoint Internal Control and Bank Reconciliations ACC 225 Week 9 Capstone DQ • CheckPoint: Internal Control and Bank Reconciliations • • Resource: Fundamental Accounting Principles, pp. 335 and 336 • • Due Date: Day 4 [Individual] forum • • Complete Quick Study question QS 86 on p. 335, and Exercises 83 and 84 on p. 336. • • Post your answers as an attachment. • Capstone Discussion Question • • Due Date: Day 3 [Main] forum • • Post your response to the following: A major network is launching a reality program • called The Accountant. A group of recent accounting graduates will be competing for a • spot in a national accounting firm. Analysis Component) .
ACC 225 ASH Course Tutorial ACC 225 Week 9 Final Project Comprehensive Problem Perpetual • Final Project: Comprehensive ProblemPerpetual • • Resources: Appendix A, Fundamental Accounting Principles, p. 301, and Appendix C • • Due Date: Day 7 [Individual] forum • • Complete the Comprehensive ProblemPerpetual. In this project, follow the steps of the • accounting cycle to process given transactions in a business environment.
ACC 225 ASH Course Tutorial For more course tutorials visit www.uophelp.com