ACC 205 NERD Learn by Doing/acc205nerd.com

1
ACC 205 NERD Learn by Doing/acc205nerd.com

2
ACC 205 NERD Learn by Doing

• ACC 205 Entire Course (Ash)
• FOR MORE CLASSES VISIT
• www.acc205nerd.com
• ACC 205 Week 1 DQ 1 Accounting Equation
• ACC 205 Week 1 DQ 2 Accounts
• ACC 205 Week 1 Journal Balance Sheet Journal
• ACC 205 Week 2 DQ 1 Accounting Cycle

3
ACC 205 NERD Learn
by Doing

• ACC 205 Entire Course(New)
• FOR MORE CLASSES VISIT
• www.acc205nerd.com
• ACC 205 Week 1 DQ 1 Accounting Equation
• ACC 205 Week 1 DQ 2 Accounts
• ACC 205 Week 1 Journal Balance Sheet Journal
• ACC 205 Week 2 DQ 1 Accounting Cycle
• ACC 205 Week 2 DQ 2 Bank Reconciliation

4
ACC 205 NERD Learn by
Doing

• ACC 205 Final Paper (New)
• FOR MORE CLASSES VISIT
• www.acc205nerd.com
• Final Paper
• Focus of the Final Paper
• Write 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.

5
ACC 205 NERD Learn by
Doing

• ACC 205 Week 1 DQ 1 Accounting Equation (Ash)
• FOR MORE CLASSES VISIT
• www.acc205nerd.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.

6
ACC 205 NERD Learn by
Doing

• ACC 205 Week 1 DQ 1 Accounting Equation (New)
• FOR MORE CLASSES VISIT
• www.acc205nerd.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.

7
ACC 205 NERD Learn by
Doing

• ACC 205 Week 1 DQ 2 Accounts (Ash)
• FOR MORE CLASSES VISIT
• www.acc205nerd.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.

8
ACC 205 NERD Learn by
Doing

• ACC 205 Week 1 DQ 2 Accounts (New)
• FOR MORE CLASSES VISIT
• www.acc205nerd.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.

9
ACC 205 NERD Learn by
Doing

• ACC 205 Week 1 Exercise Assignment Basic
  Accounting Equations (New)
• FOR MORE CLASSES VISIT
• www.acc205nerd.com
• 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.

10
ACC 205 NERD Learn by
Doing

• ACC 205 Week 1 Journal Balance Sheet Journal
  (New)
• FOR MORE CLASSES VISIT
• www.acc205nerd.com
• Balance Sheet Journal
• The 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.

11
ACC 205 NERD Learn by
Doing

• ACC 205 Week 2 DQ 1 Accounting Cycle (New)
• FOR MORE CLASSES VISIT
• www.acc205nerd.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?

12
ACC 205 NERD Learn by
Doing

• ACC 205 Week 2 DQ 2 Bank Reconciliation (New)
• FOR MORE CLASSES VISIT
• www.acc205nerd.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?

13
ACC 205 NERD Learn by
Doing

• ACC 205 Week 2 Exercise Assignment Revenue and
  Expenses (New)
• FOR MORE CLASSES VISIT
• www.acc205nerd.com
• 1. Recognition of concepts. Ron Carroll operates
  a small company that books entertainers for
  theaters, parties, conventions, and so forth.

14
ACC 205 NERD Learn by
Doing

• ACC 205 Week 2 Journal Income Statement Journal
  (New)
• FOR MORE CLASSES VISIT
• www.acc205nerd.com
• Income Statement Journal
• The Income Statement measures the income and
  expenses of a company over a specific period of
  time.

15
ACC 205 NERD Learn by
Doing

• ACC 205 Week 3 DQ 1 LIFO vs. FIFO (New)
• FOR MORE CLASSES VISIT
• www.acc205nerd.com
• LIFO vs. FIFO
• The controller of Sagehen Enterprises believes
  that the company should switch from the LIFO
  method to the FIFO method.

16
ACC 205 NERD Learn by
Doing

• ACC 205 Week 3 DQ 2 Depreciation (New)
• FOR MORE CLASSES VISIT
• www.acc205nerd.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.

17
ACC 205 NERD Learn by
Doing

• ACC 205 Week 3 Exercise Assignment Inventory
  (New)
• FOR MORE CLASSES VISIT
• www.acc205nerd.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

18
ACC 205 NERD Learn by
Doing

• ACC 205 Week 3 Journal Inventory Journal (New)
• FOR MORE CLASSES VISIT
• www.acc205nerd.com
• Inventory Journal
• Reflect for a moment on the LIFO (Last in First
  Out) and FIFO (First in First Out) inventory
  methods.

19
ACC 205 NERD Learn by
Doing

• ACC 205 Week 4 DQ 1 Current Liability (New)
• FOR MORE CLASSES VISIT
• www.acc205nerd.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?

20
ACC 205 NERD Learn by
Doing

• ACC 205 Week 4 DQ 2 Client Recommendations (New)
• FOR MORE CLASSES VISIT
• www.acc205nerd.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.

21
ACC 205 NERD Learn by
Doing

• ACC 205 Week 4 Exercise Assignment Liability
  (New)
• FOR MORE CLASSES VISIT
• www.acc205nerd.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

22
ACC 205 NERD Learn by
Doing

• ACC 205 Week 4 Journal Future Obligations Journal
  (New)
• FOR MORE CLASSES VISIT
• www.acc205nerd.com
• Future Obligations Journal
• The 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.

23
ACC 205 NERD Learn by
Doing

• ACC 205 Week 5 DQ 1 (New)
• FOR MORE CLASSES VISIT
• www.acc205nerd.com
• ACC 205 Week 5 DQ 1

24
ACC 205 NERD Learn by
Doing

• ACC 205 Week 5 DQ 2 (New)
• FOR MORE CLASSES VISIT
• www.acc205nerd.com
• ACC 205 Week 5 DQ 2

25
ACC 205 NERD Learn by
Doing

• ACC 205 Week 5 Exercise Assignment Financial
  Ratios(New)
• FOR MORE CLASSES VISIT
• www.acc205nerd.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
• Edison

26
ACC 205 NERD Learn by
Doing

• ACC 205 Week 5 Journal Most Important Ratio
  Journal(New)
• FOR MORE CLASSES VISIT
• www.acc205nerd.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.

27
ACC 205 NERD
Learn by Doing