ACC 290 UOP professional tutor / acc290dotcom

1. ACC 290 UOP professional tutor / acc290dotcom

2. ACC 290 UOP professional tutor • ACC 290 Week 1 Discussion Question 1 ACC 290 Week 1 Discussion Question 2 ACC 290 Week 1 Individual Assignment Financial Statements Paper ACC 290 Week 2 Discussion • 1) Which financial statement is used to determine cash generated from operations? 2) In terms of sequence, in what order must the four basic financial statements be prepared? ACC 290 Entire Course ACC 290 Final Guide | Accounting 290 Final Exam Study Material

3. ACC 290 UOP professional tutor • What are the four basic financial statements? What is the primary purpose of each of the four basic financial statements? In your opinion, which financial statement is the most important? Explain why. How would the financial statements be useful to managers and employees? How would the financial statements be useful to investors and creditors? • Individual - Financial Statements Paper - Prepare a 700 -1,050 word paper in which you identify the four basic financial statements. Describe the purpose of each of the four financial statements. Discuss how the financial statements would be useful to internal users, such as to managers and employees. Discuss how the financial statements would be useful ACC 290 Week 1 Discussion Question One ACC 290 Week 1 Individual Assignment Financial Statements Paper

4. ACC 290 UOP professional tutor • What is the revenue recognition principle? What is the expense recognition principle? Why are they important to financial reporting? • What are adjusting entries and why are they necessary? • What accounts are subject to adjusting journal entries and why? • How would you explain the purpose of the adjusted trial balance? ACC 290 Week 2 Discussion Question 1 ACC 290 Week 2 Discussion Question 2

5. ACC 290 UOP professional tutor • WileyPLUS and Financial Accounting. • Complete the following in WileyPLUS: Exercise E3-4, Exercise E3-9, Problem 3-5A, Problem 3-6A • Complete the following in WileyPLUS: Brief Exercise BE4-1, Problem P4-2A, and Problem P4-3A ACC 290 Week 2 Individual WileyPLUS Assignment Exercise E3-4 ,E3-9 Problem 3-5A, 3-6A ACC 290 Week 3 - Individual WileyPLUS Assignment ACC 290 Week Three - Exercise BE4-1, Problem P4-2A and P4-3A

6. ACC 290 UOP professional tutor • What are the pros and cons of using reversing entries? Why are reversing entries optional? What is the main purpose of a financial statement worksheet and its benefits? How has automation aided the preparation, accuracy, and use of the financial statement worksheet? • What are the steps in completing the accounting cycle? How do the different steps affect the financial statements? What is the effect on the financial statements of missing a step when completing the accounting cycle? ACC 290 Week 3 Discussion Question 2 | Accounting 290 Week Three ACC 290 Week 3 Discussion Question one

7. ACC 290 UOP professional tutor • Discuss the objectives for ACC 290 Week Two. What do you think will be the most important of the skills learned when you are in an accounting position? Differentiate between accrual basis and cash basis of accounting. Create Adjusting Entries. Prepare an adjusted trial balance. Write a 350 to 500 word summary of your Learning Team’s discussion. • How would you calculate cost of goods sold? What items make up cost of goods sold? How does beginning and ending inventory affect cost of goods sold? What are the journal entries a merchandising organization would use to record the purchase and subsequent sale of merchandise? How would these ACC 290 Week 3 LT Reflection Summary ACC 290 Week 4 Discussion Question 1

8. ACC 290 UOP professional tutor • What are the three different inventory cost flow assumptions commonly used in commerce today and allowed by generally accepted accounting principles? How does a company determine what cost flow assumption they should use? How does first in • Reflection and Financial Reporting Problem Part I. • Discuss the objectives for ACC 290 Week Three. How do they relate to the practice of accounting and its uses in business? Prepare closing entries, reversing entries, and a post closing trial balance. Prepare a ACC 290 Week 4 Discussion Question 2 | Accounting 290 Week Four ACC 290 Week 4 LT Reflection Summary

9. ACC 290 UOP professional tutor • Financial Reporting Problem Part I • Browse the Internet to acquire a copy of the most recent annual report for a publicly traded company. Analyze the information contained in the company’s balance sheet and income statement to answer the following questions: • Complete the following in WileyPLUS: Problem P4-8A ACC 290 Week 4 Team Assignment and Financial Reporting Problems Part 1 ACC 290 Week 4 Wiley Plus Individual Assignment

10. ACC 290 UOP professional tutor • What is the control environment? How does the control environment affect a company’s internal controls? What are the negative and positive elements of a control environment? What are two examples of strong and weak internal controls in organizations • Financial Reporting Problem Part II • Access the internet to acquire a copy of the most recent annual report for the public traded company used to complete the Financial Reporting Problem, Part 1 assignment due in ACC 290 Week Four. Analyze the information contained in the company’s balance sheet and income statement to answer the following questions: ACC 290 Week 5 Discussion Question 1 ACC 290 week 5 Individual Assignment and Financial Reporting Problem Part II

11. ACC 290 UOP professional tutor • Reflection and Financial Reporting Problem Part II. • Discuss the objectives for ACC 290 Week Four. In the wake of accounting scandals over the past several years, how has the Sarbanes-Oxley • Complete the following in WileyPLUS: Brief Exercise BE5-1, Brief Exercise BE5-2, Brief Exercise BE6-5, Brief Exercise BE6-7, Brief Exercise BE7-4, and Brief Exercise BE7-6 ACC 290 Week 5 Reflection Summary | ACC 290 Week Five Team Assignment ACC 290 Week 5 Wiley Plus Individual Assignment

12. ACC 290 UOP professional tutor • What are debits and credits? How are debits and credits used to record business transactions? Why do accountants debit asset accounts to increase them but credit liability accounts to increase them? Why do accountants debit expenses to increase them but credit revenues to increase them? • Discuss the objectives for ACC 290 Week One. How do they relate to the practice of accounting and its uses in business? Identify Accounting 290 Week 1 Discussion Question Two Accounting 290 Week 2 LT Reflection Summary

13. ACC 290 UOP professional tutor