ACC 290 -uop Course Tutorial/uophelp

1. ACC 290 ASH Course Tutorial For more course tutorials visit www.uophelp.com

2. ACC 290 ASH Course Tutorial ACC 290 Entire Course ACC 290 Final Exam Guide (New) • ACC 290 Week 1 Discussion Question 1 • ACC 290 Week 1 Discussion Question 2 • ACC 290 Week 1 Individual Assignment Financial Statements Paper • ACC 290 Week 2 Discussion Question 1 • ACC 290 Week 2 Discussion Question 2 • ACC 290 Week 2 Individual Wiley PLUS Week Two -Exercise E3-4 ,E3-9 Problem 3-5A, 3-6A • ACC 290 Week 2 LT Reflection Summary • ACC 290 Week 3 Discussion Question 1 • ACC 290 Finals • Question 1 • Jackson Company recorded the following cash transactions for the year: • Paid $135,000 for salaries. • Paid $60,000 to purchase office equipment. • Paid $15,000 for utilities.

3. ACC 290 ASH Course Tutorial ACC 290 Final Exam Guide ACC 290 Week 1 Discussion Question 1 • we have another New set of Final Exam which could be found on this link • http://www.uophelp.com/ACC-290-New/product-14755-ACC-290-Final-Exam-Guide-(New) • Which financial statement is used to determine cash generated from operations? • 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? Explain why. How would the financial statements be useful to managers and employees? How would the financial statements be useful to investors and creditors?

4. ACC 290 ASH Course Tutorial ACC 290 Week 1 Discussion Question 2 ACC 290 Week 1 Individual Assignment Financial Statements Paper • 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? Why do accountants debit expenses to increase them but credit revenues to increase them? • 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 and employees. Discuss how the financial statements would be useful to external users, such as investors and creditors. Format paper according to APA standards.

5. ACC 290 ASH Course Tutorial ACC 290 Week 1 Practice Quiz(New) ACC 290 Week 1 Vocabulary Activity (New) • Current assets are expected to be converted to cash or consumed within the next year or the normal operating cycle, whichever is longer. • Current assets are economic resources that are expected to be converted to cash or used up by the business within one year or the normal operating cycle, whichever is shorter. • WileyPLUS Assignment: Week 1 Vocabulary Activity • Resource: WileyPLUS • Complete the following Week 1 Assignment in WileyPLUS: • • Chapter 1 WileyPLUS Crossword Puzzle 1

6. ACC 290 ASH Course Tutorial ACC 290 Week 1 WileyPlus Assignment DI1-3, E1-3 ACC 290 Week 2 Discussion Question 1 • WileyPLUS Assignment: Week 1 Assignment • Resource: WileyPLUS • Complete the following Week 1 Assignment in WileyPLUS: • • DO IT! 1-3 • • Exercise 1-3 • • Exercise 1-4 • • Exercise Excel E 2-4 • 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?

7. ACC 290 ASH Course Tutorial ACC 290 Week 2 Discussion Question 2 ACC 290 Week 2 Individual WileyPLUS Assignment • What accounts are subject to adjusting journal entries and why? • How would you explain the purpose of the adjusted trial balance? • we have another New set of week 2 Willeyplus assignment which could be found on this link • http://www.uophelp.com/acc-290/product-14750-ACC-290-Week-2-WileyPlus-Assignment-BYP22-IFRS26-E34-E38-BYP-32-IFRS-32-P35-P36-(New) • WileyPLUS and Financial Accounting. • Complete the following in WileyPLUS: Exercise E3-4, Exercise E3-9, Problem 3-5A, Problem 3-6A

8. ACC 290 ASH Course Tutorial ACC 290 Week 2 LT Reflection Summary ACC 290 Week 2 Practice Quiz (New) • 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. • 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 • An account is a part of the financial information system and is described by all except which one of the following?

9. ACC 290 ASH Course Tutorial ACC 290 Week 2 Vocabulary Activity (New) ACC 290 Week 2 Wiley Plus Assignment BYP3-5, P3-6 (New) • WileyPLUS Assignment: Week 2 Vocabulary Activity • Resource: WileyPLUS • Complete the following Week 2 Assignment in WileyPLUS: • • Chapter 2 Wiley PLUS Crossword Puzzle 1 • 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

10. ACC 290 ASH Course Tutorial ACC 290 Week 3 - Individual WileyPLUS Assignment ACC 290 Week 3 Discussion Question 1 • we have another New set of week 3 Willeyplus assignment which could be found on this link • http://www.uophelp.com/ACC-290-New/product-14751-ACC-290-Week-3-WileyPlus-Assignment-BE41--P42A-P43A-BYP4--(New) • Complete the following in WileyPLUS: Brief Exercise BE4-1, Problem P4-2A, and Problem P4-3A • 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? What are reversing entries? Why are they used? What are the pros and cons of using reversing entries? Why are reversing entries optional

11. ACC 290 ASH Course Tutorial ACC 290 Week 3 Discussion Question 2 ACC 290 Week 3 LT Reflection Summary • 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? • 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.

12. ACC 290 ASH Course Tutorial ACC 290 Week 3 Practice Quiz (New) ACC 290 Week 3 Vocabulary Activity (New) • 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 • Question 3 • Which statement is correct? • WileyPLUS Assignment: Week 3 Practice Quiz • Resource: WileyPLUS • Complete the following Week 3 Assignment in WileyPLUS: • • Chapter 4 Practice Quiz

13. ACC 290 ASH Course Tutorial ACC 290 Week 3 Wiley Plus Assignment BE4-1, P4-2A, P4-3A, BYP4- (New) ACC 290 Week 4 Discussion Question 1 • WileyPLUS Assignment: Week 3 Assignment • Resource: Wiley PLUS • Complete the following Week 3 Assignment in WileyPLUS: • • Brief Exercise 4-1 • • Problem 4-2A • • Problem 4-3A • • BYP 4-1 • 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?

14. ACC 290 ASH Course Tutorial ACC 290 Week 4 Discussion Question 2 ACC 290 Week 4 Individual Wiley PLUS Assignment ACC 290 Week Four - Problem 4-8A • 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? • we have another New set of week 4 Willeyplus assignment which could be found on this link • http://www.uophelp.com/ACC-290-New/product-14752-ACC-290-Week-4-Wileyplus-Assignment--P48A-BYP51-BYP52-BE51-BE52-IFRS5-IFRS54-Do-it-53-54-(New) • Complete the following in Wiley PLUS: Problem P4-8A

15. ACC 290 ASH Course Tutorial ACC 290 Week 4 Learning Team Financial Reporting Problem, Part 1 ACC 290 Week 4 LT Reflection Summary • 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: • 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. Prepare a classified income statement,

16. ACC 290 ASH Course Tutorial ACC 290 Week 4 Practice Quiz (New) ACC 290 Week 4 Vocabulary Activity (New) • 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 companies have an operating cycle • WileyPLUS Assignment: Week 4 Vocabulary Activity • Resource: WileyPLUS • Complete the following Week 4 Assignment in WileyPLUS: • • Chapter 5 Crossword Puzzle 1

17. ACC 290 ASH Course Tutorial ACC 290 Week 4 Wiley plus Assignment P4-8A, BYP5-1, BYP5-2 ACC 290 Week 5 Discussion Question 1 • 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 • 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?

18. ACC 290 ASH Course Tutorial ACC 290 Week 5 Individual Assignment Financial Reporting Problem Part II ACC 290 Week 5 Individual WileyPLUS Assignment • 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: • Complete the following in WileyPLUS: Brief Exercise BE5-1, Brief Exercise BE5-2, Brief Exercise BE6-5, Brief Exercise BE6-7, Brief Exercise BE7-4, and Brief Exercise BE7-6

19. ACC 290 ASH Course Tutorial ACC 290 Week 5 Learning Team Reflection Summary ACC 290 Week 5 Wiley Plus Assignment BE6-5, BE6-7, BYP6-1 • 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. • 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 • • Brief Exercise 7-4

20. ACC 290ASH Course Tutorial For more course tutorials visit www.uophelp.com