XACC 280 TUTORIAL Peer Educator/xacc280tutorialdotcom

1. XACC 280 TUTORIAL Peer Educator/xacc280tutorialdotcom FOR MORE CLASSES VISIT www.xacc280tutorials.com

2. XACC 280 Entire Course • XACC 280 Week 1 CheckPoint Accounting Assumptions, Principles, and Constraints • XACC 280 Week 1 CheckPoint The Accounting Equation • XACC 280 Week 1 Discussion Question 1 & 2 • XACC 280 Week 2 CheckPoint Debits and Credits • XACC 280 Week 2 Assignment Journalizing, Posting, and Preparing a Trial Balance • XACC 280 Week 3 CheckPoint Adjusting Entries, Posting, and Preparing an Adjusted Trial Balance

3. XACC 280 Week 1 CheckPoint Accounting Assumptions, Principles, and Constraints • CheckPoint: Accounting Assumptions, Principles, and Constraints • Write an essay in 250 to 300 words, including the following: • The basic assumptions of accounting • The principles of accounting • The constraints of accounting • A conclusion stating how you think sound

4. XACC 280 Week 1 CheckPoint The Accounting Equation • CheckPoint: The Accounting Equation • View PhxKlipsThe Accounting Equation on your student Web site. • Write an explanation of the function of each element in the accounting equation, using 100 to 150 words. • Complete E1-5 on p. 34 of Financial Accounting. • Post your explanation of the elements in the accounting equation with the answers to E1-5.

5. XACC 280 Week 1 Discussion Question 1 and 2 • Discussion Questions • In your own words, how would you describe financial accounting? Select two users, one internal and one external, who you think benefit the most from accounting. Explain why and how you think they benefit. • Respond to your classmates’ postings by adding to their definitions of financial accounting. Also, respond to at least one posting that discusses a different user than one you selected. Add to the

6. XACC 280 Week 2 Assignment Journalizing, Posting, and Preparing a Trial Balance • Assignment: Journalizing, Posting, and Preparing a Trial Balance • Complete P2-2A on p. 81 of Financial Accounting, using the templates in Appendix C for your answers. Each part of the problem corresponds to one tab in Appendix C. Complete all three tabs of Appendix C. • Write a message of 250 to 400 words in the body of your posting that justifies what you did in Appendix C. This message constitutes part d of the assignment. Address your message to your creditors and explain:

7. XACC 280 Week 2 CheckPoint Debits and Credits • CheckPoint: Debits and Credits • View PhxKlips Debits and Credits on your student Web site. • Complete the questions and fill in the Account Changes matrix in Appendix B. • Post the completed Appendix B as an attachment.

8. XACC 280 Week 3 CheckPoint Adjusting Entries, Posting, and Preparing an Adjusted Trial Balance • CheckPoint: Adjusting Entries, Posting, and Preparing an Adjusted Trial Balance • Complete parts a, b, and c of P3-1A on pp. 128–129 of Financial Accounting. • Use the templates in Appendix D. Complete all three tabs. • Post the completed Appendix D as an attachment.

9. XACC 280 Week 3 Discussion Question 1 and 2 • Discussion Questions • What would be the effect of removing either the Matching Principle or the Revenue Recognition Principle from the process? Use a concrete example of how doing so might affect accounting in a given period. • Respond to your classmates’ postings by commenting on what might happen, if expenses are recognized over a period that is longer or shorter than that used for revenues.

10. XACC 280 Week 4 Assignment Preparing a Financial Statement Worksheet • Assignment: Preparing a Financial Statement Worksheet • Complete E4-1 on pp. 176–177 of Financial Accounting. • Use the template in Appendix E to complete the 10-column worksheet. • Post the completed worksheet as an attachment.

11. XACC 280 Week 4 CheckPoint Subsidiary Ledgers and Special Journals • CheckPoint: Subsidiary Ledgers and Special Journals • Explain in 250 to 300 words, your answers to the following: • What are the advantages of the four different special journals? When would you use each type? • What is a subsidiary ledger and what purpose does it serve? • What is a control account and what purpose does it serve? • Which two general ledger accounts may act as control accounts for a subsidiary ledger? • What are the advantages of using subsidiary ledgers?

12. XACC 280 Week 5 CheckPoint Closing Entries and a Post Closing Trial Balance • CheckPoint: Closing Entries and a Post-closing Trial Balance • Complete E4-4 on p. 177 of Financial Accounting. Use the templates in Appendix F and complete all three tabs. • Post the completed Appendix F as an attachment.

13. XACC 280 Week 5 CheckPoint Reversing Entries • CheckPoint: Reversing Entries • Post your answers to BE4-12 on p. 176 of Financial Accounting.

14. XACC 280 Week 5 Discussion Question 1 and 2 • Discussion Questions • What are reversing entries and why are they required? What would happen if reversing entries were not made? What transactions might require reversing entries? What transactions might not require reversing entries? • Respond to your classmates’ postings by adding to their rationales for using or not using reversing entries.

15. XACC 280 Week 6 Assignment Comprehensive Problem • Assignment: Comprehensive Problem • Complete the Comprehensive Problem on pp. 189–190 of Financial Accounting. • Use the templates in Appendix G to complete the problem; complete all six tabs. • Post the completed Appendix G as an attachment.

16. XACC 280 Week 6 CheckPoint The Nine Steps of the Accounting Cycle • CheckPoint: The Nine Steps of the Accounting Cycle • Complete The Nine Steps of the Accounting Cycle multimedia activity. • Capture the screen of the completed accounting cycle in the multimedia activity. • Write a summary of the nine steps of the accounting cycle, in 100 to 200 words. • Post your screen capture and written summary.

17. XACC 280 Week 6 Exercise Financial Statements • Exercise: Financial Statements • Post one or two new concepts you learned from each of the PhxKlips

18. XACC 280 Week 7 CheckPoint Ratio, Vertical, Horizontal Analyses • CheckPoint: Ratio, Vertical, and Horizontal Analyses • The calculations you perform for this CheckPoint form the basis of your analysis of your capstone project. • Write in 100 to 200 words an explanation of the three tools of financial statement analysis and the function of each. • Examine PepsiCo, Inc.’s Consolidated Balance Sheet on p. A6 in Appendix A of Financial Accounting, especially its Current Assets, Current Liabilities, and Total Assets for years 2005 and 2004.

19. XACC 280 Week 7 Discussion Question 1and 2 • Discussion Questions • Select three ratios, one from each category—liquidity, profitability, and solvency—you think are the most important. • Why do you consider these ratios important? Which internal and external users might be most interested in these ratios? Explain why.

20. XACC 280 Week 7 Exercise Career Opportunities for Accountants • Exercise: Career Opportunities for Accountants • Post your response to the following items: • Describe two business sectors you might want to work in if you were an accountant and explain why in 150 to 200 words. • Research a specific company in one of the business sectors that interests you and describe how you imagine it might be to work there. Use 100 to 150 words for your description.

21. XACC 280 Week 8 Assignment Internal Controls • Assignment: Internal Controls • Write a 750- to 1,050-word paper in APA format, including citations and references, summarizing your ideas about internal controls. • Include the following: • An introduction to internal controls, explaining in your own words the two primary goals of internal control • A description of how the Sarbanes-Oxley Act of 2002 has affected internal controls • An explanation of why a company that announces deficiencies in its internal controls would probably experience a fall in the price of its stock • A synopsis of what you consider to be the limitations of internal

22. XACC 280 Week 8 CheckPoint Impacts of Unethical Behavior • CheckPoint: Impacts of Unethical Behavior • Research a company that has been in the news for unethical practices, such as Enron, Tyco, Global Crossing, or WorldCom. • Post a 250- to 300-word response that summarizes your ideas about the following: • What was the nature of the controversy regarding this company’s practices? • How were accounting practices involved? • If you had been an accountant for this company, how would you have acted? Explain why. • What might have been done to prevent the controversy?

23. XACC 280 Week 8 CheckPoint Regulatory Bodies • CheckPoint: Regulatory Bodies • Post your response to the following question, using 250 to 300 words: What are the major regulatory bodies and their functions?

24. XACC 280 Week 9 Capstone DQ • Capstone Discussion Question • Reviewthe annual reports for PepsiCo, Inc. and The Coca-Cola Company in Appendixes A& B of Financial Accounting. Selecteither PepsiCo, Inc. or The Coca-Cola Company. In your estimation, the company you chose may be financially healthier or weaker. • Would you invest in this company? Explain why or why not. Justify your reasoning, by presenting at least three key financial ratios that analyze the profitability, the liquidity, or the solvency of the company.

25. XACC 280 Week 9 Final Project Financial Analysis • Final Project: Financial Analysis • Review the annual reports for PepsiCo, Inc. and The Coca-Cola Company in Appendixes A & B, especially the Consolidated Statements of Income and the Balance Sheets on pp. A4, A6, B1, & B2 of Financial Accounting. • Write a 1750- to 2,050-word paper in APA format with citations and references that provides a financial comparison of the two companies and your recommendations to improve the financial status of each.

26. XACC 280 TUTORIAL Peer Educator/xacc280tutorialdotcom FOR MORE CLASSES VISIT www.xacc280tutorials.com