ACCT 212(DEVRY) Focus Dreams/uophelp.com

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ACCT 212(DEVRY) Focus Dreams/uophelp.com

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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
• Course Project 1 - Overview and Guidelines
• Course Project 1 consists of two parts, A and B,
  respectively

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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 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
• (TCO 5) Internal Control Procedures are required
  to safeguard company assets and to ensure ethical
  operation of the business. (1) Explain how
  limited access can satisfy the purpose of

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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

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ACCT 212 Week 4 Midterm (Set 2)

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• 1. (TCO 1) Suppose your company sold 50,000 in
  merchandise to a customer for cash. How does this
  transaction impact the accounting equation?
• 2. (TCO 2) Suppose your company paid 12,000 in
  cash for a used car. How does this transaction
  impact the accounting equation?
• 3. (TCO 3) Pressure is one of the components of
  the fraud triangle. What types of pressures do
  people face that could lead to fraud? Give an
  example of how pressure could lead to fraud
• 4. (TCO 4) How does vertical analysis of
  financial statements differ from horizontal
  analysis? Which method do you

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ACCT 212 Week 4 Midterm (Set 3)

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• 1. (TCO 1) Suppose your company paid 12,000 in
  cash for its rent. How does this transaction
  impact the accounting equation?
• 2. (TCO 2) Suppose your company sold 25,000 in
  merchandise 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
  opportunity as a fraud risk? Give an example of
  how someone could use opportunity to commit fraud
  and how the company could reduce

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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)

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ACCT 212(DEVRY) Focus Dreams/uophelp.com

• For more course tutorials visit
• www.uophelp.com