ACCT 212(DEVRY) Learn/uophelp.com

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ACCT 212 Learn/uophelp.com

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ACCT 212 Learn/uophelp.com

• ACCT 212 Entire Course
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• ACCT 212 Course Project
• ACCT 212 Week 4 Midterm
• ACCT 212 Week 1-7 All DQs
• ACCT 212 Final Exam
• ACCT 212 Week 4 Midterm (Set 2)
• ACCT 212 Week 4 Midterm (Set 3) ..

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ACCT 212 Learn/uophelp.com

• ACCT 212 Course Project
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• This course has two course projects due. The
  first, Course Project 1, reinforces the basic
  principles of accounting and application of the
  accounting information system. It is completed in
  two parts. The second, Course Project 2, is an
  opportunity to show the ability to analyze
  financial statements to arrive at conclusions
  based upon the analysis.Course Project 1 -
  Overview and Guidelines Course Project 2 -
  Overview and Guidelines

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ACCT 212 Learn/uophelp.com

• ACCT 212 Final Exam
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• At the end of the period it is necessary to close
  all temporary accounts. (1) Explain why this
  process is required (10 points) and (2) provide
  an example of the closing of an expense account,
  Supplies Expense in the form of a journal entry
• 2. (TCO 2) As required to complete Course Project
  1, one must follow the cycle that includes 10
  steps to complete the accounting cycle. (1)
  Explain how to construct an Unadjusted Trial
  Balance (10 points) and (2) provide an example of
  the application of the debit/credit rules in the
  development of the trial balance

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ACCT 212 Learn/uophelp.com

• ACCT 212 Week 1-7 All Discussion Questions
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• Week 1 DQ1 Financial Statements
• Week 2 DQ1 Prepaid Expenses vs. Unearned Revenue
• Week 2DQ2 Accrual vs. Cash Accounting
• Week 3DQ1 Ethical Business Decisions
• Week 3DQ2 Trade Credit - Accounts Payable
• Week 4DQ1 Inventory Management
• Week 4DQ2 LIFO
• Week 5DQ1 Non-current Assets and Related
  Liabilities

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ACCT 212 Learn/uophelp.com

• ACCT 212 Week 4 Midterm (Set 2)
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• 1. (TCO 1) Suppose your company sold 50,000 in me
  rchandise to a customer for cash. How does this tr
  ansaction impact the accounting equation?
• 2. (TCO 2) Suppose your company paid 12,000 in ca
  sh for a used car. How does this transaction impac
  t the accounting equation?
• 3. (TCO 3) Pressure is one of the components of th
  e fraud triangle. What types of pressures do peopl
  e face that could lead to fraud? Give an example o
  f how pressure could lead to fraud
• 4. (TCO 4) How does vertical analysis of financial
   statements differ from horizontal analysis? Which
   method do you think is a better analysis tool?
• 1. (TCO 3) Physical control is a key feature in an
   internal control system. Why is physical control 
  such an important internal control? Give an exampl
  e of physical control as an internal control.
• 2. (TCO 1) Describe the income statement. Why is t
  his statement important to the company, creditors,
   and investors?

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ACCT 212 Learn/uophelp.com

• ACCT 212 Week 4 Midterm (Set 3)
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• 1. (TCO 1) Suppose your company paid 12,000 in ca
  sh for its rent. How does this transaction impact 
  the accounting equation?
• 2. (TCO 2) Suppose your company sold 25,000 in me
  rchandise to a customer for credit. How does this 
  transaction impact the accounting equation?
• 3. (TCO 3) Opportunity is one of the components of
   the fraud triangle. How can a company reduce oppo
  rtunity as a fraud risk? Give an example of how so
  meone could use opportunity to commit fraud and ho
  w the company could reduce this risk.
• 4. (TCO 4) What is horizontal analysis of financia
  l statements? How does horizontal analysis differ 
  from vertical analysis?
• 1. (TCO 3) Prenumbered documents are a key feature
   in an internal control system. Why are prenumbere
  d documents such an important internal control? Gi
  ve an example of prenumbered documents as an inter
  nal control.
• 2. (TCO 1) Describe the balance sheet. Why is this
   statement important to the company, creditors, an
  d investors?

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ACCT 212 Learn/uophelp.com

• ACCT 212 Week 4 Midterm
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• (TCO 1) The Accounting Equation is used to
  develop the organizations financial reports. (1)
  Describe what owners' equity values would be if
  Assets are 100,000 and Liabilities are 27,000
  by showing the Accounting Equation (10 points)
  and (2) provide an explanation of what accounts
  could be found in owners' equity. (10
  points)(TCO 1) The financial statements present
  a company to the public in financial terms. (1)
  Which financial statement identifies where cash
  was generated and where it was spent during the
  year (10 points) and (2) identify the three major
  parts of this statement. (10 points)

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ACCT 212 Learn/uophelp.com

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