ACC 205 OUTLET A Guide to career/acc205outlet.com - PowerPoint PPT Presentation

Title: ACC 205 OUTLET A Guide to career/acc205outlet.com


1
ACC 205 OUTLET A Guide to career/acc205outlet.com

• FOR MORE CLASSES VISIT
• www.acc205outlet.com

2
ACC 205 Final Paper (New) FOR MORE CLASSES
VISIT www.acc205outlet.com Final PaperFocus of
the Final PaperWrite 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.   Your paper
should consist of the following sections
introduction, company overview, horizontal
analysis, ratio analysis, final recommendation,
and conclusions.  
3
ACC 205 Week 1 Assignment Student Guidance
Report FOR MORE CLASSES VISIT www.acc205outlet.co
m Exercises 2.   Basic computations. The
following selected balances were extracted from
the accounting records of Rossi Enterprises on
December 31, 20X3 a.         Determine Rossi's
total assets as of December 31. b.        
Determine the company's total liabilities as of
December 31. c.         Compute 20X3 net income
or loss.
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ACC 205 Week 1 Chapter 1,2 Quiz and Video
Quiz FOR MORE CLASSES VISIT www.acc205outlet.com
ACC 205 Week 1 Chapter 1,2 Quiz and Video
Quiz 1. In accounting the concept of materiality
refers t
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ACC 205 Week 1 DQ 1 Accounting Equation
(Ash) FOR MORE CLASSES VISIT www.acc205outlet.com
Accounting Equation As you have learned in
this weeks 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.  
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ACC 205 Week 1 DQ 1 Accounting Equation
(New) FOR MORE CLASSES VISIT www.acc205outlet.com
Accounting Equation As you have learned in
this weeks 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.  
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  ACC 205 Week 1 DQ 2 Accounts (Ash) FOR MORE
CLASSES VISIT www.acc205outlet.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.Guided
Response Analyze several of your peers
postings.  Let at least two of your peers know if
this knowledge could be used in their everyday
lives.  Is so, how?  If not, why not?
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ACC 205 Week 1 DQ 2 Accounts (New) FOR MORE
CLASSES VISIT www.acc205outlet.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.Guided
Response 
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  ACC 205 Week 1 Exercise Assignment Basic
Accounting Equations (Ash) FOR MORE CLASSES
VISIT www.acc205outlet.com Week One
Assignment 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.
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ACC 205 Week 1 Journal Balance Sheet Journal
(Ash) FOR MORE CLASSES VISIT www.acc205outlet.com
Balance Sheet JournalThe 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?Careful
ly review the Grading Rubric for the criteria
that will be used to evaluate your journal entry.
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ACC 205 Week 1 Journal Balance Sheet Journal
(New) FOR MORE CLASSES VISIT www.acc205outlet.com
Balance Sheet JournalThe 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?
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  ACC 205 Week 2 Assignment Student Guidance
Report FOR MORE CLASSES VISIT www.acc205outlet.co
m Exercise 4 4. Accounting for prepaid expenses
and unearned revenues. Hawaii-Blue began business
on January 1 of the current year and offers
deep-sea fishing trips to tourists. Tourists pay
125 in advance for an all-day outing off the
coast of Maui. The company collected monies
during January for 210 outings, with 30 of the
tourists not planning to take their trips until
early February.
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ACC 205 Week 2 Chapter 3,4 Quiz and Video
Quiz FOR MORE CLASSES VISIT www.acc205outlet.com
ACC 205 Week 2 Chapter 3,4 Quiz and Video
Quiz 1. The accrual basis of accounting
means_______________________. Question 2. 2.
Under accrual basis accounting revenue is not
recognized until _________________. Question 3.
3. The matching principle states
______________________________.
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ACC 205 Week 2 DQ 1 Accounting Cycle (Ash) FOR
MORE CLASSES VISIT www.acc205outlet.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?
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ACC 205 Week 2 DQ 1 Accounting Cycle (New) FOR
MORE CLASSES VISIT www.acc205outlet.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?
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ACC 205 Week 2 DQ 2 Bank Reconciliation
(Ash) FOR MORE CLASSES VISIT www.acc205outlet.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?Analyze several of your peers
postings.  Let at least two of your peers know
what happens to the discrepancies between the
book balance and the bank balance.  Could these
differences just be written off.
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ACC 205 Week 2 DQ 2 Bank Reconciliation
(New) FOR MORE CLASSES VISIT www.acc205outlet.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?Analyze several of your peers
postings.  Let at least two of your peers know
what happens to the discrepancies between the
book balance and the bank balance.
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ACC 205 Week 2 Exercise Assignment Revenue and
Expenses (Ash) FOR MORE CLASSES
VISIT www.acc205outlet.com Recognition of
concepts. Ron Carroll operates a small company
that books entertainers for theaters, parties,
conventions, and so forth. The companys 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.
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ACC 205 Week 2 Journal Income Statement Journal
(Ash) FOR MORE CLASSES VISIT www.acc205outlet.com
Income Statement JournalThe 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?
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  ACC 205 Week 2 Journal Income Statement
Journal (New) FOR MORE CLASSES
VISIT www.acc205outlet.com Income Statement
JournalThe 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?Carefully review the
Grading Rubric for the criteria that will be used
to evaluate your journal entry.
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ACC 205 Week 3 Assignment Student Guidance
Report FOR MORE CLASSES VISIT www.acc205outlet.co
m Chapter 5, Exercise 1 Inventory errors and
income measurement. The income statements of
Keagle Company for 20X3 and 20X4 follow. 20X3
                          20X4 Sales
                                       100,000
                    109,000 Cost of goods sold
                 62,000                        
74,000 Gross profit                            
38,000                         35,000 Expenses
                                26,000
                        22,000
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  ACC 205 Week 3 Chapter 5,6 Quiz and Video
Quiz FOR MORE CLASSES VISIT www.acc205outlet.com
ACC 205 Week 3 Chapter 5,6 Quiz and Video
Quiz 1. Gross Profit is ___________________. Quest
ion 2. 2. All of the following are considered
part of inventory cost except__________. Question
3. 3. In a period of rising raw material costs
the inventory cost flow assumption that will
provide the firm with the highest net income
would be _______________________.
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ACC 205 Week 3 DQ 1 LIFO vs. FIFO (Ash) FOR MORE
CLASSES VISIT www.acc205outlet.com LIFO vs.
FIFO The controller of Sagehen Enterprises
believes that the company should switch from the
LIFO method to the FIFO method.  The controllers
bonus is based on the next income.  It is the
controllers 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? 
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ACC 205 Week 3 DQ 1 LIFO vs. FIFO (New) FOR MORE
CLASSES VISIT www.acc205outlet.com LIFO vs.
FIFO The controller of Sagehen Enterprises
believes that the company should switch from the
LIFO method to the FIFO method.  The controllers
bonus is based on the next income.  It is the
controllers 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? 
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ACC 205 Week 3 DQ 2 Depreciation (Ash) FOR MORE
CLASSES VISIT www.acc205outlet.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.  Explain the concept of
depreciation.  Which of the following
depreciation methods would you recommend
straight-line depreciation, double declining
balance method, or an alternative method?  
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ACC 205 Week 3 DQ 2 Depreciation (New) FOR MORE
CLASSES VISIT www.acc205outlet.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.  Explain the concept of
depreciation.  Which of the following
depreciation methods would you recommend
straight-line depreciation, double declining
balance method, or an alternative method?  
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ACC 205 Week 3 Exercise Assignment Inventory
(New) FOR MORE CLASSES VISIT www.acc205outlet.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 Woods 11,000
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ACC 205 Week 3 Journal Inventory Journal
(Ash) FOR MORE CLASSES VISIT www.acc205outlet.com
Inventory JournalReflect 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?
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ACC 205 Week 3 Journal Inventory Journal
(New) FOR MORE CLASSES VISIT www.acc205outlet.com
Inventory JournalReflect 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?
30
ACC 205 Week 4 Assignment Student Guidance
Report FOR MORE CLASSES VISIT www.acc205outlet.co
m Chapter 7 Exercise 2 and 4 2.         Accrued
liability current portion of long-term debt. On
July 1, 20X1, Hall Company borrowed 225,000 via
a long-term loan. Terms of the loan require that
Hall pay interest and 75,000 of principal on
July 1, 20X2, 20X3, and 20X4. The unpaid balance
of the loan accrues interest at the rate of 10
per year. Hall has a December 31 year-end.
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ACC 205 Week 4 Chapter 7,8 Quiz and Video
Quiz FOR MORE CLASSES VISIT www.acc205outlet.com
ACC 205 Week 4 Chapter 7,8 Quiz and Video
Quiz   1. Current Liabilities are
_____________________________. (Points
1)   Question 2. 2. The Unearned Revenue account
is used to record ____________________. (Points
1)
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ACC 205 Week 4 DQ 1 Current Liability (Ash) FOR
MORE CLASSES VISIT www.acc205outlet.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 and any additional research
you may have done provide two examples of
situations where businesses collect monies from
customers and employees and reports these amounts
as a current liability.
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ACC 205 Week 4 DQ 1 Current Liability (New) FOR
MORE CLASSES VISIT www.acc205outlet.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 and any additional research
you may have done provide two examples of
situations where businesses collect monies from
customers and employees and reports these amounts
as a current liability.
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ACC 205 Week 4 DQ 2 Client Recommendations
(Ash   FOR MORE CLASSES VISIT www.acc205outlet.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 advantages and disadvantages of the
following sole proprietorship, partnership, and
corporation.  Based on these advantages and
disadvantages provide a clear recommendation to
your client.  
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ACC 205 Week 4 DQ 2 Client Recommendations
(New) FOR MORE CLASSES VISIT www.acc205outlet.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 advantages and disadvantages of the
following sole proprietorship, partnership, and
corporation.  Based on these advantages and
disadvantages provide a clear recommendation to
your client.  
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ACC 205 Week 4 Exercise Assignment Liability
(New) FOR MORE CLASSES VISIT www.acc205outlet.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.   a.    Prepare the journal entries
needed to record the investments of Levy and
Parcells.
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ACC 205 Week 4 Journal Future Obligations Journal
(Ash) FOR MORE CLASSES VISIT www.acc205outlet.com
Future Obligations JournalThe 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.  What does this analysis tell you
about your future obligations?  What did you
learn from this experience?
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  ACC 205 Week 4 Journal Future Obligations
Journal (New) FOR MORE CLASSES
VISIT www.acc205outlet.com Future Obligations
JournalThe 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.  What does this analysis
tell you about your future obligations?  What did
you learn from this experience?
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  ACC 205 Week 5 Assignment Student Guidance
Report FOR MORE CLASSES VISIT www.acc205outlet.co
m Chapter 9 Exercise 3 Liquidity ratios.
Edison, Stagg, and Thornton have the following
financial information at the close of business on
July 10 Compute the current and quick ratios for
each of the three companies. (Round calculations
to two decimal places.) Which firm is the most
liquid? Why?
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  ACC 205 Week 5 Chapter 9 Quiz and Video
Quiz FOR MORE CLASSES VISIT www.acc205outlet.com
ACC 205 Week 5 Chapter 9 Quiz and Video
Quiz Question 1. 1. Common-size financial
statements means___________________. Question 2.
2. Vertical analysis of a financial statement
involves_______________. Question 3. 3.
Horizontal analysis of a financial statement
involves______________.
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ACC 205 Week 5 DQ 1 (Ash)   FOR MORE CLASSES
VISIT www.acc205outlet.com ACC 205 Week 5 DQ
1 (Ash)
42
ACC 205 Week 5 DQ 1 (New) FOR MORE CLASSES
VISIT www.acc205outlet.com ACC 205 Week 5 DQ
1 (New
43
  ACC 205 Week 5 DQ 2 (Ash) FOR MORE CLASSES
VISIT www.acc205outlet.com ACC 205 Week 5 DQ
2 (Ash)
44
ACC 205 Week 5 DQ 2 (New) FOR MORE CLASSES
VISIT www.acc205outlet.com ACC 205 Week 5
DQ 2 (New)
45
ACC 205 Week 5 Exercise Assignment Financial
Ratios(New) FOR MORE CLASSES VISIT www.acc205out
let.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  
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ACC 205 Week 5 Final Paper Paper (Boeing General
Electric Lowes Home) (3 Papers)   FOR MORE
CLASSES VISIT www.acc205outlet.com This
Tutorial contains 3 Papers Paper 1 Boeing Paper
2 General Electric Paper 3 Lowes Home   Final
PaperFocus of the Final Paper
47
ACC 205 Week 5 Final Paper Paper (Microsoft
StarBucks) (2 Papers) FOR MORE CLASSES
VISIT www.acc205outlet.com This Tutorial
contains 2 Papers Paper 1 Microsoft Paper 2
StarBucks   Final PaperFocus of the Final
PaperWrite a five to seven page financial
statement analysis of a public company
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ACC 205 Week 5 Final Paper Paper (Walmart,
Qualcomm) (2 Papers) FOR MORE CLASSES
VISIT www.acc205outlet.com This Tutorial
contains 2 Papers Paper 1 Walmart Paper 2
Qualcomm   Final PaperFocus of the Final
PaperWrite 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. 
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ACC 205 Week 5 Journal Most Important Ratio
Journal (Ash) FOR MORE CLASSES
VISIT www.acc205outlet.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.  If you were considering investing in
a company what ratio would be the most important
to you?  Formulate and argument to defend your
position.
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ACC 205 OUTLET A Guide to career/acc205outlet.com

• FOR MORE CLASSES VISIT
• www.acc205outlet.com