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ACC 220 UOP Course Material ACC 220 Entire Course ACC 220 Week 9 Final Project • ACC 220 Week 1 Checkpoint Career Opportunities • ACC 220 Week 2 Checkpoint Proprietorships, Partnerships, and Corporations • ACC 220 Week 2 Assignment Financial Statements • ACC 220 Week 3 Checkpoint Classified Balance Sheets • 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 UOP Course Material ACC 220 Week 1 Checkpoint Career Opportunities (UOP) ACC 220 Week 1 DQ 1 & DQ 2 (UOP) • CheckPoint: Career Opportunities • Visit the U.S. Department of Labor, Bureau of Labor Statistics at http://www.bls.gov/oco/ocos001.htm for an overview of the accounting field. • Visitwww.careers-in-accounting.com for additional details such as salary. • 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.
ACC 220 UOP Course Material ACC 220 Week 2 Assignment Financial Statements ACC 220 Week 2 Checkpoint Proprietorships • 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? • 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.
ACC 220 UOP Course Material ACC 220 Week 3 Checkpoint Classified Balance Sheets ACC 220 Week 3 DQ 1 and DQ 2 • 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: • 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? • ?
ACC 220 UOP Course Material ACC 220 Week 4 Assignment Internal Cash Control ACC 220 Week 4 Checkpoint Cash Management Matrix Appendix B • What are some of the barriers to communication that may cause conflict within a group? • What coAssignment: Internal Cash Control • Write a 700- to 1,000-word paper that addresses which internal controls are not being followed in these listed situations: • 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.
ACC 220 UOP Course Material ACC 220 Week 5 Checkpoint Financial Reporting ACC 220 Week 5 DQ 1 and DQ 2 • 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. • How would you describe the difference between financial and managerial accounting? What are the distinguishing features of managerial accounting?
ACC 220 UOP Course Material ACC 220 Week 6 Assignment Cost ACC 220 Week 6 Checkpoint Cost • Assignment: Cost, Volume, and Profit 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: • CheckPoint: Cost, Volume, and Profit Questions • Writea 200- to 300-word response that addresses questions 7, 9, & 14 in the Questions section on p. 284–285 of the text.
ACC 220 UOP Course Material ACC 220 Week 7 DQ 1 and DQ 2 ACC 220 Week 8 Assignment Responsibility Center Presentation • 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. • 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.
ACC 220 UOP Course Material ACC 220 Week 8 Checkpoint Flexible Budgets ACC 220 Week 9 Capstone Discussion Question • 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? • 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 UOP Course Material ACC 220 Week 9 Final Project Business Plan • 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.
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