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ACC 225 In order to succeed, you must read/Uophelpdotcom

For more course tutorials visit<br>www.uophelp.com<br><br><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>

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ACC 225 In order to succeed, you must read/Uophelpdotcom

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  1. ACC 225 In order to succeed, 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.

  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?

  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 •  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, • be sure to carefully analyze the worksheet as if the errors were made and present the • evidence for your explanation. Identify the consequences of the errors and describe their • impact on the financial statements. Explain whether the error is likely to be discovered • when completing the worksheet. • • Post your answers as an attachment.

  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 6 Checkpoint Computing Inventory Balances and Lower of Cost or Market For more course tutorials visit www.uophelp.com • 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.

  15. 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.

  16. 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?

  17. ACC 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.

  18. 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.

  19. 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.

  20. 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

  21. ACC 225 In order to succeed, you must read/Uophelpdotcom For more course tutorials visit www.uophelp.com

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