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ACC 290 UOP Course Tutorial / acc290dotcom

For more course tutorials visit<br>www.acc290.com<br><br>ACC 290 Week 1 Discussion Question 1 <br> ACC 290 Week 1 Discussion Question 2<br> ACC 290 Week 1 Individual Assignment Financial Statements Paper<br> ACC 290 Week 2 Discussion Question 1 <br> ACC 290 Week 2 Discussion Question 2<br> ACC 290 Week 2 Individual WileyPLUS Assignment ACC 290 Week Two -Exercise E3-4 ,E3-9 Problem 3-5A, 3-6A<br> ACC 290 Week 2 LT Reflection Summary<br> ACC 290 Week 3 Discussion Question 1<br> ACC 290 Week 3 Discussion Question 2<br> ACC 290 Week 3 - Individual WileyPLUS Assignment ACC 290 Week Three - Exercise BE4-1, Problem P4-2A and P4-3A<br> ACC 290 Week 3 LT Reflection Summary<br> ACC 290 Week 4 Discussion Question 1 How would you calculate cost of goods sold?.......<br> ACC 290 Week 4 Discussion Question 2 What are the three different inventory cost flow assumptions…<br> ACC 290 Week 4 Individual WileyPLUS Assignment ACC 290 Week Four - Problem 4-8A<br> ACC 290 Week 4 Learning Team Financial Reporting Problem, Part 1<br> ACC 290 Week 4 LT Reflection Summary<br> ACC 290 Week 5 Discussion Question 1 What is the control environment? How does the control…..<br> ACC 290 Week 5 Individual WileyPLUS Assignment<br> ACC 290 Week 5 Learning Team Reflection Summary<br> ACC 290 Week 5 Individual Assignment Financial Reporting Problem Part II

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ACC 290 UOP Course Tutorial / acc290dotcom

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  1. ACC 290 UOP Course Tutorial / acc290dotcom

  2. ACC 290 UOP Course Tutorial ACC 290 Entire Course ACC 290 Final Guide • 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 Question 1 ACC 290 Week 2 Discussion Question 2 ACC 290 Week 2 Individual WileyPLUS Assignment ACC 290 Week Two -Exercise E3-4 ,E3-9 Problem 3-5A, 3-6A • 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? 3) In classifying transactions, which of the following is true in regard to assets? 4) An increase in an expense account must be

  3. ACC 290 UOP Course Tutorial ACC 290 Week 1 Discussion Question One ACC 290 Week 1 Individual Assignment • 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. • 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.

  4. ACC 290 UOP Course Tutorial ACC 290 Week 2 Discussion Question 1 ACC 290 Week 2 Discussion Question 2 • 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 are accruals? Provide examples of accruals. Why do accruals require adjusting entries? • What accounts are subject to adjusting journal entries and why? • How would you explain the purpose of the adjusted trial balance?

  5. ACC 290 UOP Course Tutorial ACC 290 Week 2 Individual ACC 290 Week 3 - Individual WileyPLUS Assignment • 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

  6. ACC 290 UOP Course Tutorial ACC 290 Week 3 Discussion Question 2 ACC 290 Week 3 Discussion Question one • 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? What are the four closing journal entries?

  7. ACC 290 UOP Course Tutorial ACC 290 Week 3 LT Reflection Summary ACC 290 Week 4 Discussion Question 1 • 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. • 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?

  8. ACC 290 UOP Course Tutorial ACC 290 Week 4 Discussion Question 2 ACC 290 Week 4 LT Reflection Summary • 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, first out cost flow assumption work? • 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.

  9. ACC 290 UOP Course Tutorial ACC 290 Week 4 Team Assignment ACC 290 Week 4 Wiley Plus Individual Assignment • What are the company’s total assets at the end of its most recent annual reporting period? Why is this important? • What are the total assets at the end of the previous annual reporting period? • Complete the following in WileyPLUS: Problem P4-8A

  10. ACC 290 UOP Course Tutorial ACC 290 Week 5 Discussion Question 1 ACC 290 week 5 Individual Assignment • 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 where you have worked or have first-hand knowledge? • 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.

  11. ACC 290 UOP Course Tutorial ACC 290 Week 5 Reflection Summary ACC 290 Week 5 Wiley Plus Individual Assignment • 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 Act (SOX) of 2002 affected the practice of accounting? • 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

  12. ACC 290 UOP Course Tutorial Accounting 290 Week 1 Discussion Question Two Accounting 290 Week 2 LT Reflection Summary • 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? • Discuss the objectives for ACC 290 Week One. How do they relate to the practice of accounting and its uses in business? Identify the four basic financial statements. Classify transactions using the rules of debit and credit. Journalize basic transactions.

  13. ACC 290 UOP Course Tutorial

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