1 / 26

ACC 556 ASSIST Education Terms/acc556assist.com

ACC 556 ASSIST course provides students with the opportunity to integrate and apply their learning from the course.

manu44
Download Presentation

ACC 556 ASSIST Education Terms/acc556assist.com

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. ACC 556 ASSIST Education Terms/acc556assist.com

  2. ACC 556 ASSIST Education Terms/acc556assist.com ACC 556 ASSIST Education Terms/acc556assist.com ACC 556 All Chapter Quizzes FOR MORE CLASSES VISIT www.acc556assist.com Please check the details of Quizzes given under our product section individually (all questions are mentioned there)  ACC 556 Chapter 1 Quiz (100% Score)ACC 556 Chapter 2 Quiz (100% Score)ACC 556 Chapter 3 Quiz (100% Score)ACC 556 Chapter 4 Quiz (100% Score)ACC 556 Chapter 5 Quiz (100% Score)ACC 556 Chapter 6 Quiz (100% Score)

  3. ACC 556 ASSIST Education Terms/acc556assist.com ACC 556 ASSIST Education Terms/acc556assist.com ACC 556 Chapter 1 Quiz (100% Score) FOR MORE CLASSES VISIT www.acc556assist.com Chapter 1 Quiz Question 1 A business organized as a separate legal entity owned by stockholders is a partnership. Question 2 Accounting communicates financial information about a business to both internal and external users.

  4. ACC 556 ASSIST Education Terms/acc556assist.com ACC 556 ASSIST Education Terms/acc556assist.com ACC 556 Chapter 2 Quiz (100% Score) FOR MORE CLASSES VISIT www.acc556assist.com Chapter 2 Quiz Question 1 Cash and supplies are both classified as current assets. Question 2 Earnings per share measures the net income earned on each share of common stock.

  5. ACC 556 ASSIST Education Terms/acc556assist.com ACC 556 ASSIST Education Terms/acc556assist.com ACC 556 Chapter 3 Quiz (100% Score) FOR MORE CLASSES VISIT www.acc556assist.com Chapter 3 Quiz · Question 1 Economic events that require recording in the financial statements are called accounting transactions · Question 2 An account is often referred to as a T-account because of the way it is constructed.

  6. ACC 556 ASSIST Education Terms/acc556assist.com ACC 556 ASSIST Education Terms/acc556assist.com ACC 556 Chapter 4 Quiz (100% Score) FOR MORE CLASSES VISIT www.acc556assist.com Chapter 4 Quiz Question 1 The revenue recognition principle dictates that revenue be recognized in the accounting period in which the performance obligation is satisfied. Question 2 An adjusting entry to a prepaid expense is required to recognize expired expenses.

  7. ACC 556 ASSIST Education Terms/acc556assist.com ACC 556 ASSIST Education Terms/acc556assist.com ACC 556 Chapter 5 Quiz (100% Score) FOR MORE CLASSES VISIT www.acc556assist.com Chapter 5 Quiz Question 1 An advantage of using the periodic inventory system is that it requires less record keeping than the perpetual inventory system.

  8. ACC 556 ASSIST Education Terms/acc556assist.com ACC 556 ASSIST Education Terms/acc556assist.com ACC 556 Chapter 6 Quiz (100% Score) FOR MORE CLASSES VISIT www.acc556assist.com Chapter 6 Quiz Question 1 Raw materials inventories are the goods that a manufacturing company has completed and are ready to be sold to customers.

  9. ACC 556 ASSIST Education Terms/acc556assist.com ACC 556 ASSIST Education Terms/acc556assist.com ACC 556 Chapter 7 Quiz (100% Score) FOR MORE CLASSES VISIT www.acc556assist.com Chapter 7 Quiz Question 1 The most important element of the fraud triangle is rationalization. Question 2 Requiring employees to take vacations is a weakness in the system of internal controls because it does not promote operational efficiency.

  10. ACC 556 ASSIST Education Terms/acc556assist.com ACC 556 ASSIST Education Terms/acc556assist.com ACC 556 Chapter 8 Quiz (100% Score) FOR MORE CLASSES VISIT www.acc556assist.com Chapter 8 Quiz Question 1 An aging of accounts receivable schedule is based on the premise that the longer the period an account remains unpaid, the greater the probability that it will eventually be collected.

  11. ACC 556 ASSIST Education Terms/acc556assist.com ACC 556 ASSIST Education Terms/acc556assist.com ACC 556 Chapter 9 Quiz (100% Score) FOR MORE CLASSES VISIT www.acc556assist.com Chapter 9 Quiz Question 1 The statement of cash flows is a required statement that must be prepared along with an income statement, balance sheet, and retained earnings statement.

  12. ACC 556 ASSIST Education Terms/acc556assist.com ACC 556 ASSIST Education Terms/acc556assist.com ACC 556 Chapter 10 Quiz (100% Score) FOR MORE CLASSES VISIT www.acc556assist.com Chapter 10 Quiz Question 1 A current liability must be paid out of current earnings. Question 2 Most notes are not interest bearing.

  13. ACC 556 ASSIST Education Terms/acc556assist.com ACC 556 ASSIST Education Terms/acc556assist.com ACC 556 Chapter 11 Quiz (100% Score) FOR MORE CLASSES VISIT www.acc556assist.com Chapter 11 Quiz Question 1 A current liability must be paid out of current earnings. Question 2 Most notes are not interest bearing

  14. ACC 556 ASSIST Education Terms/acc556assist.com ACC 556 ASSIST Education Terms/acc556assist.com ACC 556 Chapter 12 Quiz (100% Score) FOR MORE CLASSES VISIT www.acc556assist.com Chapter 12 Quiz Question 1 The statement of cash flows is a required statement that must be prepared along with an income statement, balance sheet, and retained earnings statement.

  15. ACC 556 ASSIST Education Terms/acc556assist.com ACC 556 ASSIST Education Terms/acc556assist.com ACC 556 Chapter 13 Quiz (100% Score) FOR MORE CLASSES VISIT www.acc556assist.com Chapter 13 Quiz 1.    Price-earnings ratio2.    Return on assets3.    Accounts receivable turnover ratio4.    Earnings per share5.    Payout ratio6.    Current cash debt coverage

  16. ACC 556 ASSIST Education Terms/acc556assist.com ACC 556 ASSIST Education Terms/acc556assist.com ACC 556 Chapter 21 Quiz (100% Score) FOR MORE CLASSES VISIT www.acc556assist.com Chapter 21 Quiz Question 1 A benefit of budgeting is that it provides definite objectives for evaluating performance. Question 2 Effective budgeting requires clearly defined lines of authority and responsibility.

  17. ACC 556 ASSIST Education Terms/acc556assist.com ACC 556 ASSIST Education Terms/acc556assist.com ACC 556 Chapter 22 Quiz (100% Score) FOR MORE CLASSES VISIT www.acc556assist.com Chapter 22 Quiz Question 1 Budget reports comparing actual results with planned objectives should be prepared only once a year. Question 2 A static budget is changed only when actual activity is different from the level of activity expected.

  18. ACC 556 ASSIST Education Terms/acc556assist.com ACC 556 ASSIST Education Terms/acc556assist.com ACC 556 Final Part 1 (100% Correct Answers) FOR MORE CLASSES VISIT www.acc556assist.com Final  Part 1 Question 1 Under the corporate form of business organization Question 2 Accountants do not attempt to measure the change in a plant asset's market value during ownership because

  19. ACC 556 ASSIST Education Terms/acc556assist.com ACC 556 ASSIST Education Terms/acc556assist.com ACC 556 Final Part 1 and 2 FOR MORE CLASSES VISIT www.acc556assist.com Final  Part 1 Question 1 Under the corporate form of business organization Question 2 Accountants do not attempt to measure the change in a plant asset's market value during ownership because Question 3 Budget reports provide the feedback needed by management to see whether actual operations are on course.

  20. ACC 556 ASSIST Education Terms/acc556assist.com ACC 556 ASSIST Education Terms/acc556assist.com ACC 556 Final Part 2 (100% Correct Answers) FOR MORE CLASSES VISIT www.acc556assist.com Final  Part Question 1 A manager of a cost center is evaluated mainly on Question 2 Bogey Co. recorded operating data for its Cheap division for the year. Bogey requires its return to be 10%.

  21. ACC 556 ASSIST Education Terms/acc556assist.com ACC 556 ASSIST Education Terms/acc556assist.com ACC 556 Midterm Part 1 (100% Correct Answers) FOR MORE CLASSES VISIT www.acc556assist.com ACC 556 - Midterm part 1 · Question 1 Source documents can provide evidence that a transaction has occurred · Question 2 Expense recognition is tied to revenue recognition.

  22. ACC 556 ASSIST Education Terms/acc556assist.com ACC 556 ASSIST Education Terms/acc556assist.com ACC 556 Midterm Part 1 and 2 FOR MORE CLASSES VISIT www.acc556assist.com ACC 556 - Midterm part 1 · Question 1 Source documents can provide evidence that a transaction has occurred · Question 2 Expense recognition is tied to revenue recognition. · Question 3 To obtain maximum benefit from a bank reconciliation, the reconciliation should be prepared by the employee authorized to sign checks.

  23. ACC 556 ASSIST Education Terms/acc556assist.com ACC 556 ASSIST Education Terms/acc556assist.com ACC 556 Midterm Part 2 (100% Correct Answers) FOR MORE CLASSES VISIT www.acc556assist.com ACC 556 - Midterm part 2 Question 1•Which of these would cause the inventory turnover ratio to increase the most?Question 2•Bad Debt Expense is considered•Question 3A trial balance proves

  24. ACC 556 ASSIST Education Terms/acc556assist.com ACC 556 ASSIST Education Terms/acc556assist.com ACC 556 Week 6 Assignment 1 Financial Analysis (4 Papers, Apple, Lowe's, Mc Donalds, Walmart) FOR MORE CLASSES VISIT www.acc556assist.com ACC 556 Week 6 Assignment 1 Financial Analysis Assignment 1: Financial Analysis worth 160 points Use the Internet or Str databases to research one (1) publicly traded company and review its last annual report. Use an investor’s view to perform financial analysis and discuss various non-

  25. ACC 556 ASSIST Education Terms/acc556assist.com ACC 556 ASSIST Education Terms/acc556assist.com ACC 556 Week 10 Assignment 2 Budget Planning and Control (3 Papers) FOR MORE CLASSES VISIT www.acc556assist.comAssignment 2: Budget Planning and ControlDue Week 10 and worth 160 pointsUse the Internet and / or databases to research budget planning and control. Imagine that the company that you currently work for, have previously worked for, or would like to work for in the future has tasked you with preparing a budget plan.

  26. ACC 556 ASSIST Education Terms/acc556assist.com

More Related