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ACC 225 To exceed, you must read/Uophelpdotcom

<br>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><br> <br><br>

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ACC 225 To exceed, you must read/Uophelpdotcom

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  1. ACC 225 To exceed, you must read/Uophelpdotcom For more course tutorials visit www.uophelp.com

  2. ACC 225 Week 1 Checkpoint Financial Statements For more course tutorials visit www.uophelp.com CheckPoint: Financial Statements • Resource: Fundamental Accounting Principles, Ch. 1 • Due Date: Day 5 [post to the Individual forum] • Consider that you have been asked to explain financial statements to someone who knows nothing about accounting. • Review the information on financial statements in Ch. 1 of Fundamental Accounting Principles. • Discuss, in 200300 words, each of the four financial statements. Explain the different components of the statements as well as what the statements tell about a business.

  3. ACC 225 Week 1 DQ 1 and DQ 2 For more course tutorials visit www.uophelp.com Discussion Question 1 • Due Date: Day 2 [post to the Main forum] • Post your response to the following: Interview a friend or family member about his/her work environment. Is his/her organization a sole proprietorship, partnership, or corporation? Who is involved with the accounting decisions and information? In what ways is your friend or family member affected by the accounting information? Discussion Question 2 • Due Date: Day 4 [post to the Main forum] • Post your response to the following: Describe one of the four basic financial statements, and answer the following questions. o For what is it typically used? o What information is the most valuable? o How does it complement another financial statement? • Respond to a classmate who selected a different financial statement from yours. How do the financial statements tie into one another?

  4. ACC 225 Week 1 Exercise Accounting and Business Organizations For more course tutorials visit www.uophelp.com Exercises: Accounting and Business Organizations • Resource: Fundamental Accounting Principles, p. 30 • Due Date: Day 5 • Post your answers to Exercises 11 and 14.

  5. ACC 225 Week 2 Assignment Preparing Journal Entries and Trial Balances For more course tutorials visit www.uophelp.com 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.

  6. ACC 225 Week 2 CheckPoint Debits and Credits For more course tutorials visit www.uophelp.com 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.

  7. ACC 225 Week 3 Checkpoint Adjustments and Accrual and Cash Basis Accounting For more course tutorials visit www.uophelp.com 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.

  8. ACC 225 Week 3 DQ 1 and DQ 2 For more course tutorials visit www.uophelp.com 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? o Describe when each method (cash basis and accrual basis accounting) would be appropriate to use.

  9. ACC 225 Week 4 Assignment Preparing Entries and Statements . For more course tutorials visit www.uophelp.com 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? o Describe when each method (cash basis and accrual basis accounting) would be appropriate to use.

  10. ACC 225 Week 4 Checkpoint Preparing Balance Sheets and Statements For more course tutorials visit www.uophelp.com 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.

  11. ACC 225 Week 5 Checkpoint Inventory Systems and Calculating Revenues, Expenses, and Income For more course tutorials visit www.uophelp.com 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.

  12. ACC 225 Week 5 DQ 1 and DQ 2 For more course tutorials visit www.uophelp.com 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?

  13. ACC 225 Week 6 Assignment Estimating Inventory and Preparing Multiple Step and Single Step Income For more course tutorials visit www.uophelp.com 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. • Post your answers as an attachment.

  14. ACC 225 Week 7 Checkpoint Accounting Information Systems and Special Journals For more course tutorials visit www.uophelp.com 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.

  15. ACC 225 Week 7 DQ 1 and DQ 2 For more course tutorials visit www.uophelp.com 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. The groceries are packed and delivered to customers from one of the five stores in a Megagrocer van by that store’s personnel. Think about the accounting information systems that Megagrocer might use. o What types of source documents might be collected by Megagrocer to be processed by its accounting information systems? o Why are those documents important?

  16. ACC 225 Week 8 Assignment Internal Control and Bank ReconciliationsACC 225 Week 8 Assignment Internal Control and Bank Reconciliations For more course tutorials visit www.uophelp.com 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) on pp. 338339. When responding to the cases in 81A, be sure to think critically about each case. Identify the principles of internal control that has been violated, and give an explanation of why you think that principle has been violated. Identify the consequences of the actions described in the cases. Make a recommendation for what the business should do to ensure adherence to principles of internal control. • Use the spreadsheet in Appendix B available on aXcess to complete Problem 84A. Be sure to use the tabs labeled SP0804A and Given P0804A • Post your answers as an attachment.

  17. ACC 225 Week 8 Checkpoint Internal Control and Bank Reconciliations For more course tutorials visit www.uophelp.com 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.

  18. ACC 225 Week 9 Capstone DQ For more course tutorials visit www.uophelp.com 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. What would make someone a good candidate for The Accountant? Describe three challenges the candidates should complete on the program, using as much detail as you can. The challenges should test contestants’ skill in challenges related to topics covered in this course. Be creative. Describe how the challenge will test the contestant’s accounting skill(s) and knowledge as well as the skills the contestant should have to complete each challenge successfully.

  19. ACC 225 Week 9 Final Project Comprehensive Problem Perpetual For more course tutorials visit www.uophelp.com 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. Then, synthesize special journals, a trial balance, financial statements, and a postclosing trial balance. • Use the spreadsheet in Appendix C available on aXcess to complete the problems. Be sure to use the tabs labeled P07C and Given P07C. • Post your answers as an attachment.

  20. ACC 225 To exceed, you must read/Uophelpdotcom For more course tutorials visit www.uophelp.com

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