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BUS 591 Course Real Knowledge / bus591dotcom

For more course tutorials visit<br>www.bus591.com<br><br>BUS 591 Week 1 DQ 1 Generally Accepted Accounting Principles (G.A.A.P.). <br>BUS 591 Week 1 DQ 2 Annual Reports <br>BUS 591 Week 1 Homework Problems<br>BUS 591 Week 2 DQ 1 Debits and Credits <br>BUS 591 Week 2 DQ 2 Revenue & Expense <br>BUS 591 Week 2 Homework Problems <br>BUS 591 Week 3 DQ 1 Perpetual Inventory System <br>BUS 591 Week 3 DQ 2 Inventory Valuation Methods <br>BUS 591 Week 3 Homework Problems <br>BUS 591 Week 4 DQ 1 Why do I need accounting <br>BUS 591 Week 4 DQ 2 Sarbanes-Oxley Act of 2002 <br>BUS 591 Week 4 Homework Problems <br>BUS 591 Week 5 DQ 1 Liabilities and Financial Analysis <br>BUS 591 Week 5 DQ 2 Colgate’s Annual Report <br>BUS 591 Week 5 Sarbanes-Oxley Act of 2002Methods of Depreciation <br>BUS 591 Week 6 DQ 1 Indirect Method vs. Direct Metho<br>

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BUS 591 Course Real Knowledge / bus591dotcom

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  1. BUS 591 Course Real Knowledge / bus591dotcom For More Tutorials www.bus591.com

  2. BUS 591 Course Real Knowledge / bus591dotcom • BUS 591 Week 1 DQ 1 Generally Accepted Accounting Principles (G.A.A.P.). • BUS 591 Week 1 DQ 2 Annual Reports • BUS 591 Week 1 Homework Problems • BUS 591 Week 2 DQ 1 Debits and Credits • BUS 591 Week 2 DQ 2 Revenue & Expense • Generally Accepted Accounting Principles (G.A.A.P.). Briefly discuss Generally Accepted Accounting Principles or G.A.A.P. What are they? What is their purpose? Name the U.S. and international standard-setting bodies that established these principles. BUS 591 Entire Course (Ash) BUS 591 Week 1 DQ 1 Generally Accepted Accounting Principles (G.A.A.P.). (Ash)

  3. BUS 591 Course Real Knowledge / bus591dotcom • Annual Reports. Visit the website for Tootsie Roll (www.tootsie.com). Click on “Company Information” then “Financial Information”. Open the latest annual report and review it to find the answers to the following questions: • Week One Homework Problems. Complete the following Workbook Template Week One or you may complete the Problem 1-3B on page 36, 1-4B on page 37 (Chapter 1) and Problem 2-7B on page 90 (Chapter 2) of your text. Submit your work to your instructor by the posted due date. Show all your work in order to earn full credit BUS 591 Week 1 DQ 2 Annual Reports (Ash) BUS 591 Week 1 Homework Problems (Ash)

  4. BUS 591 Course Real Knowledge / bus591dotcom • Debits and Credits. Define debits and credits and explain how they are used to record business transactions. Is it true that debits always increase and credits always decrease? Why or why not? • Respond to at least two of your classmates’ posts. • Revenue & Expense. Review the section called “Investor Insight” in Chapter 3 of your text which shows the major revenue and expense accounts of the Chicago Cubs baseball team. Considering the huge increase in professional baseball players’ salaries in the last decade, what do you think has happened to total expenses BUS 591 Week 2 DQ 1 Debits and Credits (Ash) BUS 591 Week 2 DQ 2 Revenue & Expense (Ash)

  5. BUS 591 Course Real Knowledge / bus591dotcom • Week Two Homework Problems. Complete Workbook Template Week Two or you may find the problems 3-2B on page 150 and 3-5B on page 151 from Chapter 3 of your text. Also complete problems E4-13, E4-14, E4-15, E4-16, E4-17, and E4-18 from Chapter 4. Submit your work to your instructor by the posted due date. Show all your work in order to earn full credit. • Perpetual Inventory System. Present a detailed explanation of the recording of purchases under a perpetual inventory system. Use hypothetical figures to illustrate the perpetual inventory system. BUS 591 Week 2 Homework Problems (Ash) BUS 591 Week 3 DQ 1 Perpetual Inventory System (Ash)

  6. BUS 591 Course Real Knowledge / bus591dotcom • Inventory Valuation Methods. Identify the differences between F.I.F.O., L.I.F.O., and the average-cost method of inventory valuation. Be sure to include the effects of each method on cost of goods sold and net income in your answer. • Week Three Homework Problems. Complete the following Workbook Template Week Three or you may complete the problems E5-2, E5-6 and P5-5B from Chapter 5 and Problems 6-2B and 6-3B Chapter 6. Submit your work to your instructor by the posted due date. Show all your work in order to earn full credit. BUS 591 Week 3 DQ 2 Inventory Valuation Methods (Ash) BUS 591 Week 3 Homework Problems (Ash)

  7. BUS 591 Course Real Knowledge / bus591dotcom • Why do I need accounting? Consider the following scenario: Your friend (who is also in school) just emailed you to express frustration with his accounting class. In the email, he said, “Why do I need to take accounting? What will I ever need to know about reporting and analyzing long-lived assets? • Sarbanes-Oxley Act of 2002. Search the Internet and locate an annual financial report for a public U.S. company. Read the Notes to the Financial Statements to determine the criteria for cash equivalents and how cash and cash equivalents are handled. Discuss your findings. BUS 591 Week 4 DQ 1 Why do I need accounting (Ash) BUS 591 Week 4 DQ 2 Sarbanes-Oxley Act of 2002 (Ash)

  8. BUS 591 Course Real Knowledge / bus591dotcom • Week Four Homework Problems. Complete the following Workbook Template Week Four or you may complete the problems P8-2B and P8-6B from Chapter 8 and Problems 9P-2B and P9-7B from Chapter 9. Submit your assignment to the instructor by the posted due date. Show all your work to earn full credit. • Liabilities and Financial Analysis. Discuss current liabilities and long-term liabilities. What are the differences between the two? Illustrate your understanding of liabilities, making sure to identify major types of current liabilities. Respond to at least two of your classmates’ posts BUS 591 Week 4 Homework Problems (Ash) BUS 591 Week 5 DQ 1 Liabilities and Financial Analysis (Ash)

  9. BUS 591 Course Real Knowledge / bus591dotcom • Colgate’s Annual Report. Obtain a copy of Colgate’s annual report from the Online Library or from a valid academic source found elsewhere on the Internet. Use this information to answer the following questions. If researching online, go to the Colgate company website (http://www.colgate.com). • Research and discuss the Sarbanes-Oxley Act of 2002. Identify key components of the Sarbanes-Oxley Act of 2002, and its primary objective. What are some of the criticisms surrounding the Act? Are there any economic consequences for companies as a result of implementing the Act? BUS 591 Week 5 DQ 2 Colgate’s Annual Report (Ash) BUS 591 Week 5 Sarbanes-Oxley Act of 2002 Methods of Depreciation (Ash)

  10. BUS 591 Course Real Knowledge / bus591dotcom • Indirect Method vs. Direct Method. Financial statement preparers have two choices in preparing the statement of cash flows: the indirect method and the direct method. The indirect method is used extensively in practice even though the F.A.S.B. has expressed a preference for the direct method. • Horizontal vs. Vertical Analysis. Discuss the horizontal and vertical analysis of a financial statement, and how each is used to help financial statement users make better decisions. Also, explain the liquidity, solvency, and profitability ratios introduced throughout the text. BUS 591 Week 6 DQ 1 Indirect Method vs. Direct Method (Ash) BUS 591 Week 6 DQ 2 Horizontal vs. Vertical Analysis (Ash)

  11. BUS 591 Course Real Knowledge / bus591dotcom • You should begin working on elements of the Final Project in Week One. Each week, there is a recommended learning activity associated with helping you complete the Final Project. There are ungraded and graded practice exercises, which will allow you to practice applying accounting skills learned in class to different scenarios. BUS 591 Week 6 Final Project (Ash)

  12. BUS 591 Course Real Knowledge / bus591dotcom For More Tutorials www.bus591.com

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