ASH ACC 206 Innovative Educator/ASH ACC 206.com

1
ASH ACC 206 Innovative Educator/ASH ACC 206.com
2
ASH ACC 206 Innovative Educator

• ACC 206 Entire Course (Ash)
• For more course tutorials visit
• www.ashacc206.com
• ACC 206 Week 1 Assignment Chapter One Problems
• ACC 206 Week 1 DQ1 Cash Flows Information
• ACC 206 Week 1 DQ2 Apple's Cash Flow
• ACC 206 Week 2 Assignment Chapter Two and Three
  Problems
• ACC 206 Week 2 DQ1 Stock Features
• ACC 206 Week 2 DQ2 Role of Management Accounting
• ACC 206 Week 2 Journal Institute of Management
  Accounting
• ACC 206 Week 3 Assignment Chapter Four and Five
  Problems
• ACC 206 Week 3 DQ1 Issues in Costing
• ACC 206 Week 3 DQ2 CVP and the Airline Industry

3
ASH ACC 206 Innovative Educator

• ACC 206 Entire Course (New)
• For more course tutorials visit
• www.ashacc206.com
• ACC 206 Week 1 Assignment Chapter One Problems
• ACC 206 Week 1 DQ1 Cash Flows Information
• ACC 206 Week 1 DQ2 Apple's Cash Flow
• ACC 206 Week 2 Assignment Chapter Two and Three
  Problems
• ACC 206 Week 2 DQ1 Stock Features
• ACC 206 Week 2 DQ2 Role of Management Accounting
• ACC 206 Week 2 Journal Institute of Management
  Accounting
• ACC 206 Week 3 Assignment Chapter Four and Five
  Problems
• ACC 206 Week 3 DQ1 Issues in Costing
• ACC 206 Week 3 DQ2 CVP and the Airline Industry

4
ASH ACC 206 Innovative Educator

• ACC 206 Week 1 Assignment Chapter One Problems
  (New)
• For more course tutorials visit
• www.ashacc206.com
• Answer the following questions
• Why are noncash transactions, such as the
  exchange of common stock a building, included on
  a statement of cash flows? How are these noncash
  transactions disclosed?
• Chapter 1 Exercise 1
• 1. Classification of activities
• Classify each of the following transactions as
  arising from an operating (O), investing (I),
  financing (F), or noncash investing/financing (N)
  activity.

5
ASH ACC 206 Innovative Educator

• ACC 206 Week 1 Assignment Chapter One Problems
  (Ash)
• For more course tutorials visit
• www.ashacc206.com
• Ch 1 Critical Thinking Question 5
• Answer the following questions
• Why are noncash transactions, such as the
  exchange of common stock a building, included on
  a statement of cash flows? How are these noncash
  transactions disclosed?
• Chapter 1 Exercise 1
• 1. Classification of activities
• Classify each of the following transactions as
  arising from an operating (O), investing (I),
  financing (F), or noncash investing/financing (N)
  activity.

6
ASH ACC 206 Innovative Educator

• ACC 206 Week 1 DQ 1 Cash Flows Information (Ash)
• For more course tutorials visit
• www.ashacc206.com
• Cash Flows Information
• What information does the cash flow statement
  provide that you cannot see in the other
  financial statements (income statement, balance
  sheet, owners equity)? What elements of the cash
  flow statement do you think are most important
  for company management to monitor and why? Is
  this different for investors?
• Guided Response
• Review your peers postings. Respond to at least
  two of classmates, letting them know whether you
  agree with the use of the cash flow statement and
  why.

7
ASH ACC 206 Innovative Educator

• ACC 206 Week 1 DQ 2 Apple's Cash Flow (Ash)
• For more course tutorials visit
• www.ashacc206.com
• Go to http//finance.yahoo.com. Enter in AAPL
  and click on the get quote button, and it will
  bring up information on Apple. On the left hand
  side youll see a section on Financials. Within
  that section, click on the cash flow. Review the
  cash flow statement for Apple. How would you
  summarize Apples cash flow position and what
  does this statement tell you about where the
  money is coming from and where its going? What
  would you suggest Apples do to improve its cash
  position and why?
• Guided Response
• Analyze several of your peers postings. Do you
  agree with the posting? Let at least two of your
  peers know what you would add.

8
ASH ACC 206 Innovative Educator

• ACC 206 Week 1 DQ 2 Apple's Cash Flow (New)
• For more course tutorials visit
• www.ashacc206.com
• Go to http//finance.yahoo.com. Enter in AAPL
  and click on the get quote button, and it will
  bring up information on Apple. On the left hand
  side youll see a section on Financials. Within
  that section, click on the cash flow. Review the
  cash flow statement for Apple. How would you
  summarize Apples cash flow position and what
  does this statement tell you about where the
  money is coming from and where its going? What
  would you suggest Apples do to improve its cash
  position and why?
• Guided Response
• Analyze several of your peers postings. Do you
  agree with the posting? Let at least two of your
  peers know what you would add.

9
ASH ACC 206 Innovative Educator

• ACC 206 Week 1 DQ1 Cash Flows Information (New)
• For more course tutorials visit
• www.ashacc206.com
• What information does the cash flow statement
  provide that you cannot see in the other
  financial statements (income statement, balance
  sheet, owners equity)? What elements of the cash
  flow statement do you think are most important
  for company management to monitor and why? Is
  this different for investors?
• Guided Response
• Review your peers postings. Respond to at least
  two of classmates, letting them know whether you
  agree with the use of the cash flow statement and
  why. Additionally, share elements of the cash
  flow statement that you see as being the greatest
  interest to investors (as opposed to internal
  management) and why.

10
ASH ACC 206 Innovative Educator

• ACC 206 Week 2 Assignment Chapter Two and Three
  Problems (Ash)
• For more course tutorials visit
• www.ashacc206.com
• Chapter Two and Three Problems
• Please complete the following 7 exercises below
  in either Excel or a word document (but must be
  single document). You must show your work where
  appropriate (leaving the calculations within
  Excel cells is acceptable). Save the document,
  and submit it in the appropriate week using the
  Assignment Submission button.

11
ASH ACC 206 Innovative Educator

• ACC 206 Week 2 Assignment Chapter Two and Three
  Problems (New)
• For more course tutorials visit
• www.ashacc206.com
• Please complete the following 7 exercises below
  in either Excel or a word document (but must be
  single document). You must show your work where
  appropriate (leaving the calculations within
  Excel cells is acceptable). Save the document,
  and submit it in the appropriate week using the
  Assignment Submission button.

12
ASH ACC 206 Innovative Educator

• ACC 206 Week 2 DQ 1 Stock Features (Ash)
• For more course tutorials visit
• www.ashacc206.com
• Stock Features
• 1. What is callable preferred stock? Why do
  corporations issue such stock? Given the
  different features that are associated with stock
  (callable, cumulative, preferred, etc.), what
  type of stock would you want to buy personally
  and why?
• Guided Response
• Review your peers posts. Respond to at least two
  of your classmates, letting them know if you
  agree with their type of desired stock and
  whether your answer would change (and why) based
  on
• a. Different economic conditions
• b. State of the company (if the company is in a
  growth phase versus a mature state).

13
ASH ACC 206 Innovative Educator

• ACC 206 Week 2 DQ 2 Role of Management Accounting
  (Ash)
• For more course tutorials visit
• www.ashacc206.com
• Role of Management Accounting
• Review the roles of management accounting within
  a company. What is the most important role of
  management accounting? How is that different than
  financial accounting?
• Guided Response
• Review your peer's responses. Respond to at least
  two of your peers, adding at least two additional
  areas that management accountants focus on that
  the author didn't include

14
ASH ACC 206 Innovative Educator

• ACC 206 Week 2 DQ1 Stock Features (New)
• For more course tutorials visit
• www.ashacc206.com
• 1. What is callable preferred stock? Why do
  corporations issue such stock? Given the
  different features that are associated with stock
  (callable, cumulative, preferred, etc.), what
  type of stock would you want to buy personally
  and why?
• Guided Response
• Review your peers posts. Respond to at least two
  of your classmates, letting them know if you
  agree with their type of desired stock and
  whether your answer would change (and why) based
  on
• a. Different economic conditions
• b. State of the company (if the company is in a
  growth phase versus a mature state).

15
ASH ACC 206 Innovative Educator

• ACC 206 Week 2 DQ2 Role of Management Accounting
  (New)
• For more course tutorials visit
• www.ashacc206.com
• Review the roles of management accounting within
  a company. What is the most important role of
  management accounting? How is that different than
  financial accounting?
• Guided Response
• Review your peer's responses. Respond to at least
  two of your peers, adding at least two additional
  areas that management accountants focus on that
  the author didn't include

16
ASH ACC 206 Innovative Educator

• ACC 206 Week 2 Journal Institute of Management
  Accounting (Ash)
• For more course tutorials visit
• www.ashacc206.com
• Institute of Management Accounting
• While there are many instances of overlap between
  financial accounting and management accounting,
  each groups primary focus is different. Review
  the Institute of Management Accountings (IMA)
  website, specifically the About IMA and the
  Resources and Publications sections of the
  website. Are you surprised by the topics that
  management accountants are focusing on? Why or
  why not? What interests you more, financial
  accounting or management accounting?

17
ASH ACC 206 Innovative Educator

• ACC 206 Week 2 Journal Institute of Management
  Accounting (Ash)
• For more course tutorials visit
• www.ashacc206.com
• Institute of Management Accounting
• While there are many instances of overlap between
  financial accounting and management accounting,
  each groups primary focus is different. Review
  the Institute of Management Accountings (IMA)
  website, specifically the About IMA and the
  Resources and Publications sections of the
  website. Are you surprised by the topics that
  management accountants are focusing on? Why or
  why not? What interests you more, financial
  accounting or management accounting?

18
ASH ACC 206 Innovative Educator

• ACC 206 Week 3 Assignment Chapter Four and Five
  Problems (Ash)
• For more course tutorials visit
• www.ashacc206.com
• Chapter 4 and 5 Problems
• Please complete the following 7 exercises below
  in either Excel or a word document (but must be
  single document). You must show your work where
  appropriate (leaving the calculations within
  Excel cells is acceptable). Save the document,
  and submit it in the appropriate week using the
  Assignment Submission button.
• Chapter 4 Exercise 3
• 3. Cost flows and overhead application

19
ASH ACC 206 Innovative Educator

• ACC 206 Week 3 Assignment Chapter Four and Five
  Problems (New)
• For more course tutorials visit
• www.ashacc206.com
• Please complete the following 7 exercises below
  in either Excel or a word document (but must be
  single document). You must show your work where
  appropriate (leaving the calculations within
  Excel cells is acceptable). Save the document,
  and submit it in the appropriate week using the
  Assignment Submission button.
• Chapter 4 Exercise 3
• 3. Cost flows and overhead application
• Cleveland Metals uses a job cost system and
  applies factory overhead to production at a
  predetermined rate of 180 of direct labor cost.

20
ASH ACC 206 Innovative Educator

• ACC 206 Week 3 DQ 1 Issues in Costing (Ash)
• For more course tutorials visit
• www.ashacc206.com
• Issues in Costing
• Describe three issues/problems that a company
  could encounter when trying to determine the
  actual cost of a good or service to be used in
  the cost of goods sold. For each of your issues,
  provide an example of a company or industry where
  these issues could be present.
• Guided Response
• Review your peers posts and respond to at least
  two of your classmates. Describe how job order
  costing or activity-based costing could resolve
  the issues your classmates mentioned in their
  posts.

21
ASH ACC 206 Innovative Educator

• ACC 206 Week 3 DQ 2 CVP and the Airline Industry
  (Ash)
• For more course tutorials visit
• www.ashacc206.com
• CVP and the Airline Industry
• Weve all experienced (or heard about) the
  challenges that the airlines have been facing.
  Read the Zacks Investment Research article,
  Airline Industry Stock Outlook August 2012
  Identify three factors that are affecting airline
  companys ability to break even. For each of your
  factors, discuss how these have an impact on the
  breakeven (contribution margin, fixed costs,
  variable costs, a combination, etc.), and what
  happens if these factors increase or decrease.

22
ASH ACC 206 Innovative Educator

• ACC 206 Week 3 DQ 2 CVP and the Airline Industry
  (New)
• For more course tutorials visit
• www.ashacc206.com
• Weve all experienced (or heard about) the
  challenges that the airlines have been facing.
  Read the Zacks Investment Research article,
  Airline Industry Stock Outlook August 2012
  Identify three factors that are affecting airline
  companys ability to break even. For each of your
  factors, discuss how these have an impact on the
  breakeven (contribution margin, fixed costs,
  variable costs, a combination, etc.), and what
  happens if these factors increase or decrease.

23
ASH ACC 206 Innovative Educator

• ACC 206 Week 3 DQ1 Issues in Costing (New)
• For more course tutorials visit
• www.ashacc206.com
• Describe three issues/problems that a company
  could encounter when trying to determine the
  actual cost of a good or service to be used in
  the cost of goods sold. For each of your issues,
  provide an example of a company or industry where
  these issues could be present.
• Guided Response
• Review your peers posts and respond to at least
  two of your classmates. Describe how job order
  costing or activity-based costing could resolve
  the issues your classmates mentioned in their
  posts.

24
ASH ACC 206 Innovative Educator

• ACC 206 Week 3 Journal Hershey Company (Ash)
• For more course tutorials visit
• www.ashacc206.com
• Hershey Company
• Go the Hershey website to learn how to make
  Hershey chocolate. Review the process and take a
  look at some of the videos. Pay particular
  attention to the process steps of milling and
  pressing, mixing the ingredients, and refining.
• In at least one paragraph, describe the costing
  system that you would recommend Hershey use to
  account for its cost of goods sold and why.
  Include a few product costs you think would be
  traceable, which costs should be allocated, and
  how Hershey should account and apply the
  manufacturing overhead costs.

25
ASH ACC 206 Innovative Educator

• ACC 206 Week 3 Journal Hershey Company (New)
• For more course tutorials visit
• www.ashacc206.com
• Go the Hershey website to learn how to make
  Hershey chocolate. Review the process and take a
  look at some of the videos. Pay particular
  attention to the process steps of milling and
  pressing, mixing the ingredients, and refining.
• In at least one paragraph, describe the costing
  system that you would recommend Hershey use to
  account for its cost of goods sold and why.
  Include a few product costs you think would be
  traceable, which costs should be allocated, and
  how Hershey should account and apply the
  manufacturing overhead costs.

26
ASH ACC 206 Innovative Educator

• ACC 206 Week 4 Assignment Chapter Six and Seven
  Problems (Ash)
• For more course tutorials visit
• www.ashacc206.com
• Chapter 6 and 7 Problems
• Please complete the following 8 exercises below
  in either Excel or a word document (but must be
  single document). You must show your work where
  appropriate (leaving the calculations within
  Excel cells is acceptable). Save the document,
  and submit it in the appropriate week using the
  Assignment Submission button.

27
ASH ACC 206 Innovative Educator

• ACC 206 Week 4 Assignment Chapter Six and Seven
  Problems (New)
• For more course tutorials visit
• www.ashacc206.com
• Please complete the following 8 exercises below
  in either Excel or a word document (but must be
  single document). You must show your work where
  appropriate (leaving the calculations within
  Excel cells is acceptable). Save the document,
  and submit it in the appropriate week using the
  Assignment Submission button.
• Chapter 6 Exercise 2
• 2. Schedule of cash collections
• Sugarland Company sells a single product and
  anticipates opening a new facility in Charlotte
  on May 1 of the current year.

28
ASH ACC 206 Innovative Educator

• ACC 206 Week 4 DQ 1 Issues in Standard Costs and
  Budgeting (Ash)
• For more course tutorials visit
• www.ashacc206.com
• Issues in Standard Costs and Budgeting
• Review the Standard costs wake up and smell the
  coffee.article. When evaluating performance, many
  organizations compare current results with the
  actual results of previous accounting periods. Is
  an organization that follows this approach likely
  to encounter any problems? Explain.
• Guided Response
• Review your peers posts and respond to at least
  two of your classmates. Describe how job order
  costing, process costing, or activity based
  costing could resolve or exacerbate the issues
  your classmates discussed in their initial posts.
  

29
ASH ACC 206 Innovative Educator

• ACC 206 Week 4 DQ 2 Flexible Budgets (Ash)
• For more course tutorials visit
• www.ashacc206.com
• Flexible budgets provide different information
  than static budgets. Discuss some of these
  differences. Is a flexible budget always better?
  Are there times when youd recommend using a
  static budget over a flexible budget?
• Guided Response
• Review your peers posts and respond to at least
  two of your classmates. Discuss whether you
  agree or disagree with the uses of a flexible
  budget and why.

30
ASH ACC 206 Innovative Educator

• ACC 206 Week 4 DQ 2 Flexible Budgets (New)
• For more course tutorials visit
• www.ashacc206.com
• Flexible budgets provide different information
  than static budgets. Discuss some of these
  differences. Is a flexible budget always better?
  Are there times when youd recommend using a
  static budget over a flexible budget?
• Guided Response
• Review your peers posts and respond to at least
  two of your classmates. Discuss whether you
  agree or disagree with the uses of a flexible
  budget and why.

31
ASH ACC 206 Innovative Educator

• ACC 206 Week 4 DQ1 Issues in Standard Costs and
  Budgeting (New)
• For more course tutorials visit
• www.ashacc206.com
• Review the Standard costs wake up and smell the
  coffee.article. When evaluating performance, many
  organizations compare current results with the
  actual results of previous accounting periods. Is
  an organization that follows this approach likely
  to encounter any problems? Explain.
• Guided Response
• Review your peers posts and respond to at least
  two of your classmates. Describe how job order
  costing, process costing, or activity based
  costing could resolve or exacerbate the issues
  your classmates discussed in their initial posts.
  

32
ASH ACC 206 Innovative Educator

• ACC 206 Week 5 Assignment Chapter Eight Problems
  (Ash)
• For more course tutorials visit
• www.ashacc206.com
• Chapter Eight Problems
• Please complete the following 5 exercises below
  in either Excel or a word document (but must be
  single document). You must show your work where
  appropriate (leaving the calculations within
  Excel cells is acceptable). Save the document,
  and submit it in the appropriate week using the
  Assignment Submission button.

33
ASH ACC 206 Innovative Educator

• ACC 206 Week 5 Assignment Chapter Eight Problems
  (New)
• For more course tutorials visit
• www.ashacc206.com
• Please complete the following 5 exercises below
  in either Excel or a word document (but must be
  single document). You must show your work where
  appropriate (leaving the calculations within
  Excel cells is acceptable). Save the document,
  and submit it in the appropriate week using the
  Assignment Submission button.
• Chapter 8 Exercise 1
• 1. Basic present value calculations
• Calculate the present value of the following cash
  flows, rounding to the

34
ASH ACC 206 Innovative Educator

• ACC 206 Week 5 Assignment Final Paper (Ash)
• For more course tutorials visit
• www.ashacc206.com
• Focus of the Final Paper
• Youve just been hired onto ABC Company as the
  corporate controller. ABC Company is a
  manufacturing firm that specializes in making
  cedar roofing and siding shingles. The company
  currently has annual sales of around 1.2
  million, a 25 increase from the previous year.
  The company has an aggressive growth target of
  reaching 3 million annual sales within the next
  3 years. The CEO has been trying to find
  additional products that can leverage the current
  ABC employee skillset as well as the
  manufacturing facilities.

35
ASH ACC 206 Innovative Educator

• ACC 206 Week 5 Assignment Final Paper (New)
• For more course tutorials visit
• www.ashacc206.com
• Focus of the Final Paper
• Youve just been hired onto ABC Company as the
  corporate controller. ABC Company is a
  manufacturing firm that specializes in making
  cedar roofing and siding shingles. The company
  currently has annual sales of around 1.2
  million, a 25 increase from the previous year.
  The company has an aggressive growth target of
  reaching 3 million annual sales within the next
  3 years. The CEO has been trying to find
  additional products that can leverage the current
  ABC employee skillset as well as the
  manufacturing facilities.

36
ASH ACC 206 Innovative Educator

• ACC 206 Week 5 DQ 1 Long-term Decision Making
  (Ash)
• For more course tutorials visit
• www.ashacc206.com
• Long-term Decision Making
• List a few of the issues and considerations
  businesses should have when it comes to the
  selection of long-term investments and how those
  issues impact the various financial statements.
• Guided Response
• Review your peers posts. Respond to at least two
  of your peers describing how these issues can be
  overcome by the tools discussed in this chapter
  and why (i.e., looking at IRR, NPV, cash flow).

37
ASH ACC 206 Innovative Educator

• ACC 206 Week 5 DQ 1 Long-term Decision Making
  (New)
• For more course tutorials visit
• www.ashacc206.com
• List a few of the issues and considerations
  businesses should have when it comes to the
  selection of long-term investments and how those
  issues impact the various financial statements.
• Guided Response
• Review your peers posts. Respond to at least two
  of your peers describing how these issues can be
  overcome by the tools discussed in this chapter
  and why (i.e., looking at IRR, NPV, cash flow).

38
ASH ACC 206 Innovative Educator

• ACC 206 Week 5 DQ 2 Responsibilities in
  Management Accounting (Ash)
• For more course tutorials visit
• www.ashacc206.com
• Responsibilities in Management Accounting
• Review the rights and responsibilities of
  Certified Management Accountants
• http//www.imanet.org/PDFs/Public/CMA/RIghts_Respo
  nsibility_CMA.pdf
• What are some of the ethical responsibilities and
  obligations that management accountants have
  within an organization? Provide some examples?

39
ASH ACC 206 Innovative Educator

• ACC 206 Week 5 DQ 2 Responsibilities in
  Management Accounting (New)
• For more course tutorials visit
• www.ashacc206.com
• Review the rights and responsibilities of
  Certified Management Accountants
• http//www.imanet.org/PDFs/Public/CMA/RIghts_Respo
  nsibility_CMA.pdf
• What are some of the ethical responsibilities and
  obligations that management accountants have
  within an organization? Provide some examples.
  Are these responsibilities different than the
  obligations for financial accountants?

40
ASH ACC 206 Innovative Educator