ACC 220 UOP TUTORIAL / Uoptutorial

1. ACC 220 UOP Courses For more course tutorials visit www.uoptutorial.com Get Ready to grant success at exam by shop at uoptutorial

2. ACC 220 UOP Courses • ACC 220 Week 1 Checkpoint Career Opportunities • ACC 220 Week 1 DQ 1 & DQ 2 • ACC 220 Week 2 Checkpoint Proprietorships, Partnerships, and Corporations • ACC 220 Week 2 Assignment Financial Statements • ACC 220 Week 3 Checkpoint Classified Balance Sheets • ACC 220 Week 3 DQ 1 and DQ 2 • CheckPoint: Career Opportunities • Visit the U.S. Department of Labor, Bureau of Labor Statistics athttp://www.bls.gov/oco/ocos001.htm for an overview of the accounting field. • Visit www.careers-in-accounting.com for additional details such as salary expectations and general job expectations. • Locate three job postings within your state for positions in the field of accounting. ACC 220 ENTIRE COURSE ACC 220 WEEK 1 CHECKPOINT CAREER OPPORTUNITIES

3. ACC 220 UOP Courses • Discussion Questions • Based on what you know about accounting, what role do you see it playing in business operations? • How dependent do you think a business is on its accounting department? Explain why. • Assignment: Financial Statements • Write a 350- to 700-word paper describing a balance sheet, an income statement, a retained earnings statement, and a statement of cash flows. • How does a company use these financial statements to make future business decisions? ACC 220 WEEK 1 DQ 1 & DQ 2 ACC 220 WEEK 2 ASSIGNMENT FINANCIAL STATEMENTS

4. ACC 220 UOP Courses • CheckPoint: Proprietorships, Partnerships, & Corporations • Explain the differences between a proprietorship, a partnership, and a corporation in 200 to 300 words. Why would an entrepreneur want to choose one over the other? • If you were starting a new business, which would you choose? Explain why. • CheckPoint: Classified Balance Sheets • Write a 200- to 300-word response explaining what information would be found in each of the following groupings on a classified balance sheet and how that data might indicate the future success or failure of a business ACC 220 WEEK 2 CHECKPOINT PROPRIETORSHIPS, PARTNERSHIPS, AND CORPORATIONS ACC 220 WEEK 3 CHECKPOINT CLASSIFIED BALANCE SHEETS

5. ACC 220 UOP Courses • Discussion Questions • When reviewing a financial report, why must information be reliable, relevant, consistent, and comparable? Why are these accounting characteristics important? • What kinds of problems might result if a financial report is not reliable, relevant, consistent, or comparable? • Assignment: Internal Cash Control • Write a 700- to 1,000-word paper that addresses which internal controls are not being followed in these listed situations: • The accounting department receives from sales invoices once a month. Most of the information is missing on the invoices. ACC 220 WEEK 3 DQ 1 AND DQ 2 ACC 220 WEEK 4 ASSIGNMENT INTERNAL CASH CONTROL

6. ACC 220 UOP Courses • CheckPoint: Cash Management Matrix • Use Appendix B. For each principle in the matrix, describe how the principle ensures the reliability of a company’s financial statements and provide at least one example of how the principle might work in a real company. Do not use examples from your text. • CheckPoint: Financial Reporting • Write a 200- to 300-word response to the following: Describe how the following financial reports are used internally in a business: • income statement, balance sheet, CVP income statement, statement of cash flows, and retained earnings statement. • Give real world applications by using examples to demonstrate the type of business decisions that are made using these statements. ACC 220 WEEK 4 CHECKPOINT CASH MANAGEMENT MATRIX APPENDIX B ACC 220 WEEK 5 CHECKPOINT FINANCIAL REPORTING

7. ACC 220 UOP Courses • Discussion Questions • How would you describe the difference between financial and managerial accounting? What are the distinguishing features of managerial accounting? • Assignment: Cost, Volume, andProfit Formulas • Review the following illustrations found in Ch. 6 of your text: 6-12, 6-15, 6-17, 6-18, 6-19, & 6-20. • Write a 350- to 700-word paper that addresses the following: • Explain the components of cost-volume-profit analysis. ACC 220 WEEK 5 DQ 1 AND DQ 2 ACC 220 WEEK 6 ASSIGNMENT COST, VOLUME, AND PROFIT FORMULAS

8. ACC 220 UOP Courses • CheckPoint: Cost, Volume, and Profit Questions • Write a 200- to 300-word response that addresses questions 7, 9, & 14 in the Questions section on p. 284–285 of the text. • CheckPoint: Budgets Matrix • Use Appendix C to define each of the types of budgets listed and describe their uses. • Post Appendix C as an attachment. ACC 220 WEEK 6 CHECKPOINT COST, VOLUME AND PROFIT QUESTIONS ACC 220 WEEK 7 CHECKPOINT BUDGET MATRIX

9. ACC 220 UOP Courses • Discussion Questions • How does budgeting help management make good business decisions? • What are some of the different types of budgets? Describe in detail one type of budget covered in the text. Describe what the budget is used for and what information it provides a business. • As you respond to your classmates, discuss how the budget you described relates to the budgets they described • Assignment: Responsibility Center Presentation • Imagine you have been selected by your manager to present a training session to a group of new employees. The new hires do not have accounting backgrounds and have little or no work history in a responsibility center. • The purpose of this training session is to explain the functions of each of the different responsibility centers. ACC 220 WEEK 7 DQ 1 AND DQ 2 ACC 220 WEEK 8 ASSIGNMENT RESPONSIBILITY CENTER PRESENTATION

10. ACC 220 UOP Courses • CheckPoint: Flexible Budgets • Respond in200 to 300 words, to the following: • What is a flexible budget? • What are the steps to developing a flexible budget? • What information is found on a flexible budget report? • How is that information used to evaluate performance? • Capstone Discussion Question • Think back over what you have studied and learned in this course. Do you have a new perception of or appreciation for the field of accounting and how it contributes to business? Explain. ACC 220 WEEK 8 CHECKPOINT FLEXIBLE BUDGETS ACC 220 WEEK 9 CAPSTONE DISCUSSION QUESTION

11. ACC 220 UOP Courses • Final Project: Business Plan • You want to start your own business. • You found an investment group that is willing to give you the capital needed for the first year of your business, but onlyif you can convince them you have a solid plan for the success of this business. ACC 220 WEEK 9 FINAL PROJECT BUSINESS PLAN

12. ACC 220 UOP Courses For more course tutorials visit www.uoptutorial.com Get Ready to grant success at exam by shop at uoptutorial