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ACC 205 NERD Real Success / acc205nerd.com

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ACC 205 NERD Real Success / acc205nerd.com

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  1. ACC 205 NERD Inspiring Minds/acc205nerd.com

  2. ACC 205 NERD Inspiring Minds • ACC 205 Entire Course(New) • FOR MORE CLASSES VISIT • www.acc205nerd.com • ACC 205 Week 1 DQ 1 Accounting Equation • ACC 205 Week 1 DQ 2 Accounts • ACC 205 Week 1 Journal Balance Sheet Journal • ACC 205 Week 2 DQ 1 Accounting Cycle • ACC 205 Week 2 DQ 2 Bank Reconciliation

  3. ACC 205 NERD Inspiring Minds ACC 205 Final Paper (New) FOR MORE CLASSES VISIT www.acc205nerd.com Final Paper Focus of the Final Paper Write a five to seven page financial statement analysis of a public company, and formatted according to APA style as outlined in the Ashford Writing Center. In this analysis you will discuss the financial health of this company with the ultimate goal of making a recommendation to other investors. 

  4. ACC 205 NERD Inspiring Minds ACC 205 Week 1 DQ 1 Accounting Equation (New) FOR MORE CLASSES VISIT www.acc205nerd.com Accounting Equation As you have learned in this week’s readings the Accounting Equation is + Owners’ Equity. Is the accounting equation true in all instances? Provide sample transactions from your own experiences to demonstrate the validity of the Accounting Equation.

  5. ACC 205 NERD Inspiring Minds ACC 205 Week 1 DQ 2 Accounts (New) FOR MORE CLASSES VISIT www.acc205nerd.com Accounts What does the term “account” mean? What are the different classifications of accounts? How do the rules for Debits and Credits impact accounts? Please provide an example of how debits and credits impact accounts.

  6. ACC 205 NERD Inspiring Minds ACC 205 Week 1 Exercise Assignment Basic Accounting Equations (New) FOR MORE CLASSES VISIT www.acc205nerd.com 1) Basic concepts. Jean's Marine Supply specializes in the sale of boating equipment and acces­sories. Identify the items that follow as an asset (A), liability (L), revenue (R), or expense (E) from the firm's viewpoint. The inventory of boating supplies owned by the company. (A) Monthly rental charges paid for store space. (L)

  7. ACC 205 NERD Inspiring Minds ACC 205 Week 1 Journal Balance Sheet Journal (New) FOR MORE CLASSES VISIT www.acc205nerd.com Balance Sheet Journal The Balance Sheet is a financial snap shot of a company at a particular point in time. The Balance Sheet lists the assets, liabilities, and equity of the company. Reflect on your personal financial situation, can you apply the concepts of the Balance Sheet? What did you learn from this reflection?

  8. ACC 205 NERD Inspiring Minds ACC 205 Week 2 DQ 1 Accounting Cycle (New) FOR MORE CLASSES VISIT www.acc205nerd.com ACC 205 Week 2 DQ 1 Accounting Cycle Financial statements are a product of the accounting cycle. Think about two different companies, one a manufacturing company, the other a retail company. Why would different companies have different accounting cycles? Would you expect the steps of the accounting cycle to be the same for each company? Why or why not?

  9. ACC 205 NERD Inspiring Minds ACC 205 Week 2 DQ 2 Bank Reconciliation (New) FOR MORE CLASSES VISIT www.acc205nerd.com Bank Reconciliation What is the purpose of a bank reconciliation? What are the reasons there are differences between the cash reported in the accounting records and the cash balance in the bank statements?

  10. ACC 205 NERD Inspiring Minds ACC 205 Week 2 Exercise Assignment Revenue and Expenses (New) FOR MORE CLASSES VISIT www.acc205nerd.com 1. Recognition of concepts. Ron Carroll operates a small company that books entertainers for theaters, parties, conventions, and so forth. The company’s fiscal year ends on June 30. Consider the following items and classify each as either (1) prepaid expense, (2) unearned revenue, (3) accrued expense, (4) accrued revenue, or (5) none of the foregoing. a. Amounts paid on June 30 for a 1-year insurance policy

  11. ACC 205 NERD Inspiring Minds ACC 205 Week 2 Journal Income Statement Journal (New) FOR MORE CLASSES VISIT www.acc205nerd.com Income Statement Journal The Income Statement measures the income and expenses of a company over a specific period of time. Reflecting on your personal financial statement for the past month, can you apply the principles of the Income Statement? What did you learn from this experience?

  12. ACC 205 NERD Inspiring Minds ACC 205 Week 3 DQ 1 LIFO vs. FIFO (New) FOR MORE CLASSES VISIT www.acc205nerd.com LIFO vs. FIFO The controller of Sagehen Enterprises believes that the company should switch from the LIFO method to the FIFO method. The controller’s bonus is based on the next income. It is the controller’s belief that the switch in inventory methods would increase the net income of the company. What are the differences between the LIFO and FIFO methods?

  13. ACC 205 NERD Inspiring Minds ACC 205 Week 3 DQ 2 Depreciation (New) FOR MORE CLASSES VISIT www.acc205nerd.com Depreciation There is a variety of depreciation methods used to allocate the cost of an asset to all of the accounting periods benefited by the use of the asset. Your client has just purchased a piece of equipment for $100,000.

  14. ACC 205 NERD Inspiring Minds ACC 205 Week 3 Exercise Assignment Inventory (New) FOR MORE CLASSES VISIT www.acc205nerd.com 1. Specific identification method. Boston Galleries uses the specific identification method for inventory valuation. Inventory information for several oil paintings follows. Painting Cost 1/2 Beginning inventory

  15. ACC 205 NERD Inspiring Minds ACC 205 Week 3 Journal Inventory Journal (New) FOR MORE CLASSES VISIT www.acc205nerd.com Inventory Journal Reflect for a moment on the LIFO (Last in First Out) and FIFO (First in First Out) inventory methods. If you were starting a small manufacturing company, what inventory method do you believe would provide the most accurate financial statements? Why do you believe this is the case?

  16. ACC 205 NERD Inspiring Minds ACC 205 Week 4 DQ 1 Current Liability (New) FOR MORE CLASSES VISIT www.acc205nerd.com Current Liability What is a current liability? From a user of financial statements perspective why do you believe current liabilities are separated from long-term liabilities? Based on your current experience

  17. ACC 205 NERD Inspiring Minds ACC 205 Week 4 DQ 2 Client Recommendations (New) FOR MORE CLASSES VISIT www.acc205nerd.com Client Recommendations A client comes to you thinking about starting a consulting business. Specifically your client is interested in what type of entity should be created for this new business. Based on your readings or any additional research you may have done, discuss the advantag

  18. ACC 205 NERD Inspiring Minds ACC 205 Week 4 Exercise Assignment Liability (New) FOR MORE CLASSES VISIT www.acc205nerd.com Week Four Exercise Assignment Liability 1. Partner investments; journal entries. The LP partnership was formed on January 1, 19X7, by investments from Bill Levy and Marv Parcells. Levy contributed $30,000 cash and $80,000 of land. Parcells contributed cash of $50,000 and equipment with a value of $20,000.

  19. ACC 205 NERD Inspiring Minds ACC 205 Week 4 Journal Future Obligations Journal (New) FOR MORE CLASSES VISIT www.acc205nerd.com Future Obligations Journal The current liability section of the balance sheet lists the liabilities that are due within the next 12 months. Reflecting on your current financial situation, apply the concept of current liabilities.

  20. ACC 205 NERD Inspiring Minds ACC 205 Week 5 DQ 1 (New) FOR MORE CLASSES VISIT www.acc205nerd.com ACC 205 Week 5 DQ 1

  21. ACC 205 NERD Inspiring Minds ACC 205 Week 5 DQ 2 (New) FOR MORE CLASSES VISIT www.acc205nerd.com ACC 205 Week 5 DQ 2

  22. ACC 205 NERD Inspiring Minds ACC 205 Week 5 Journal Most Important Ratio Journal(New) FOR MORE CLASSES VISIT www.acc205nerd.com Most Important Ratio Journal Reflect for a moment on the ratios (working capital, current ratio, quick ratio, debt to asset, debt to equity, times interest earned, gross margin and net margin) presented this week

  23. ACC 205 NERD Inspiring Minds ACC 205 Week 5 Exercise Assignment Financial Ratios(New) FOR MORE CLASSES VISIT www.acc205nerd.com Week Five Exercise Assignment Financial Ratios 1. Liquidity ratios. Edison, Stagg, and Thornton have the following financial information at the close of business on July 10: Edison

  24. ACC 205 NERD Inspiring Minds

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