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For more course tutorials visit www.bus591.com BUS 591 Week 1 DQ 1 Generally Accepted Accounting Principles (G.A.A.P.). BUS 591 Week 1 DQ 2 Annual Reports BUS 591 Week 1 Homework Problems BUS 591 Week 2 DQ 1 Debits and Credits BUS 591 Week 2 DQ 2 Revenue & Expense BUS 591 Week 2 Homework Problems BUS 591 Week 3 DQ 1 Perpetual Inventory System BUS 591 Week 3 DQ 2 Inventory Valuation Methods – PowerPoint PPT presentation

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Title: BUS 591 Slingshot Academy / bus591.com


1
BUS 591 Slingshot Academy / bus591.com
The aim of education is the knowledge, not of
facts, but of values
For More Courses
Visit Now
www.bus591.com
2
BUS 591 Slingshot Academy / bus591.com
BUS 591 Entire Course (Ash)
BUS 591 Week 1 DQ 1 Generally Accepted Accounting
Principles (G.A.A.P.). BUS 591 Week 1 DQ 2
Annual Reports BUS 591 Week 1 Homework
Problems BUS 591 Week 2 DQ 1 Debits and Credits
BUS 591 Week 2 DQ 2 Revenue Expense BUS 591
Week 2 Homework Problems BUS 591 Week 3 DQ 1
Perpetual Inventory System BUS 591 Week 3 DQ 2
Inventory Valuation Methods BUS 591 Week 3
Homework Problems BUS 591 Week 4 DQ 1 Why do I
need accounting
3
BUS 591 Slingshot Academy / bus591.com
BUS 591 Week 1 DQ 1 Generally Accepted Accounting
Principles (G.A.A.P.). (Ash)
BUS 591 Week 1 DQ 1 Generally Accepted Accounting
Principles (G.A.A.P.). Generally Accepted
Accounting Principles (G.A.A.P.). Briefly discuss
Generally Accepted Accounting Principles or
G.A.A.P. What are they? What is their purpose?
Name the U.S. and international standard-setting
bodies that established these principles. Are all
companies required to follow these principles?
Why or why not? Your answer should illustrate
understanding of generally accepted accounting
principles and their international counterpart.
Respond to at least two of your classmates posts.
4
BUS 591 Slingshot Academy / bus591.com
BUS 591 Week 1 DQ 2 Annual Reports (Ash)
Annual Reports. Visit the website for Tootsie
Roll (www.tootsie.com). Click on Company
Information then Financial Information. Open
the latest annual report and review it to find
the answers to the following questions What
are Tootsie Rolls corporate principles? Do you
agree with these principles, or do you feel there
are additional principles that should be
included? What was the total amount of Tootsie
Rolls assets for the most current year
available? What was the total amount of Tootsie
Rolls liabilities for the most current year
available? What is the amount of the difference
between Tootsie Rolls assets and liabilities?
What is this difference called?
5
BUS 591 Slingshot Academy / bus591.com
BUS 591 Week 1 Homework Problems (Ash)
BUS 591 Week 1 Homework Problems Week One
Homework Problems. Complete the following
Workbook Template Week One or you may complete
the Problem 1-3B on page 36, 1-4B on page 37
(Chapter 1) and Problem 2-7B on page 90 (Chapter
2) of your text. Submit your work to your
instructor by the posted due date. Show all your
work in order to earn full credit
6
BUS 591 Slingshot Academy / bus591.com
BUS 591 Week 2 DQ 1 Debits and Credits (Ash)
BUS 591 Week 2 DQ 1 Debits and Credits Debits
and Credits. Define debits and credits and
explain how they are used to record business
transactions. Is it true that debits always
increase and credits always decrease? Why or why
not? Respond to at least two of your classmates
posts.
7
BUS 591 Slingshot Academy / bus591.com
BUS 591 Week 2 DQ 2 Revenue Expense (Ash)
BUS 591 Week 2 DQ 2 Revenue Expense Revenue
Expense. Review the section called Investor
Insight in Chapter 3 of your text which shows
the major revenue and expense accounts of the
Chicago Cubs baseball team. Considering the huge
increase in professional baseball players
salaries in the last decade, what do you think
has happened to total expenses and net income of
professional baseball teams? If net income has
not decreased, what has been done to offset the
higher salaries? Should fans be expected to pay
higher prices for Americas national pastime to
help offset the costs of higher salaries? Respond
to at least two of your classmates posts
8
BUS 591 Slingshot Academy / bus591.com
BUS 591 Week 2 Homework Problems (Ash)
BUS 591 Week 2 Homework Problems Week Two
Homework Problems. Complete Workbook Template
Week Two or you may find the problems 3-2B on
page 150 and 3-5B on page 151 from Chapter 3 of
your text. Also complete problems E4-13, E4-14,
E4-15, E4-16, E4-17, and E4-18 from Chapter 4.
Submit your work to your instructor by the posted
due date. Show all your work in order to earn
full credit.
9
BUS 591 Slingshot Academy / bus591.com
BUS 591 Week 3 DQ 1 Perpetual Inventory System
(Ash)
BUS 591 Week 3 DQ 1 Perpetual Inventory System
Perpetual Inventory System. Present a detailed
explanation of the recording of purchases under a
perpetual inventory system. Use hypothetical
figures to illustrate the perpetual inventory
system. After presenting your hypothetical
figures, discuss how a perpetual inventory system
is different from a periodic inventory system.
Your answer should illustrate understanding of
the perpetual inventory system. Respond to at
least two of your classmates posts.
10
BUS 591 Slingshot Academy / bus591.com
BUS 591 Week 3 DQ 2 Inventory Valuation Methods
(Ash)
BUS 591 Week 3 DQ 2 Inventory Valuation Methods
Inventory Valuation Methods. Identify the
differences between F.I.F.O., L.I.F.O., and the
average-cost method of inventory valuation. Be
sure to include the effects of each method on
cost of goods sold and net income in your answer.
Also discuss the differences between the physical
movement of goods and cost flow assumptions. Your
answer should illustrate understanding of the
three major inventory valuation methods, and the
relationship between physical inventory flow and
cost flow assumptions. Respond to at least two of
your classmates posts.
11
BUS 591 Slingshot Academy / bus591.com
BUS 591 Week 3 Homework Problems (Ash)
BUS 591 Week 3 Homework Problems Week Three
Homework Problems. Complete the following
Workbook Template Week Three or you may complete
the problems E5-2, E5-6 and P5-5B from Chapter 5
and Problems 6-2B and 6-3B Chapter 6. Submit your
work to your instructor by the posted due date.
Show all your work in order to earn full credit.
12
BUS 591 Slingshot Academy / bus591.com
BUS 591 Week 4 DQ 1 Why do I need accounting (Ash)
BUS 591 Week 4 DQ 1 Why do I need accounting Why
do I need accounting? Consider the following
scenario Your friend (who is also in school)
just emailed you to express frustration with his
accounting class. In the email, he said, Why do
I need to take accounting? What will I ever need
to know about reporting and analyzing long-lived
assets? I am a management major. Write a 100- to
250-word response to your friend, including
specific details about the benefits of learning
accounting. Focus particularly on reporting and
analyzing long-lived assets from a managers
perspective. Discuss the benefit and purpose of
learning accounting as a business student.
Respond to at least two of your classmates
posts.
13
BUS 591 Slingshot Academy / bus591.com
BUS 591 Week 4 DQ 2 Sarbanes-Oxley Act of 2002
(Ash)
BUS 591 Week 4 DQ 2 Sarbanes-Oxley Act of 2002
Sarbanes-Oxley Act of 2002. Search the Internet
and locate an annual financial report for a
public U.S. company. Read the Notes to the
Financial Statements to determine the criteria
for cash equivalents and how cash and cash
equivalents are handled. Discuss your findings.
Find information about the internal control
policy of the company and summarize this policy
in your post. Is it in compliance with SOX? What
are some references to SOX mentioned in the
annual report? Your answer should demonstrate
understanding of the Sarbanes-Oxley Act, and be a
minimum of 100 to 200 words in length. Respond to
at least two of your classmates posts.
14
BUS 591 Slingshot Academy / bus591.com
BUS 591 Week 4 Homework Problems (Ash)
BUS 591 Week 4 Homework Problems Week Four
Homework Problems. Complete the following
Workbook Template Week Four or you may complete
the problems P8-2B and P8-6B from Chapter 8 and
Problems 9P-2B and P9-7B from Chapter 9. Submit
your assignment to the instructor by the posted
due date. Show all your work to earn full credit.
15
BUS 591 Slingshot Academy / bus591.com
BUS 591 Week 5 DQ 1 Liabilities and Financial
Analysis (Ash)
BUS 591 Week 5 DQ 1 Liabilities and Financial
Analysis Liabilities and Financial Analysis.
Discuss current liabilities and long-term
liabilities. What are the differences between the
two? Illustrate your understanding of
liabilities, making sure to identify major types
of current liabilities. Respond to at least two
of your classmates posts
16
BUS 591 Slingshot Academy / bus591.com
BUS 591 Week 5 DQ 2 Colgates Annual Report (Ash)
BUS 591 Week 5 DQ 2 Colgates Annual Report
Colgates Annual Report. Obtain a copy of
Colgates annual report from the Online Library
or from a valid academic source found elsewhere
on the Internet. Use this information to answer
the following questions. If researching online,
go to the Colgate company website
(http//www.colgate.com). Use the ratios
discussed in Chapter 11 (dividend payout ratio
and return on common stockholders equity) to
evaluate Colgates dividend and earnings
performance from a stockholders perspective.
Your answer should illustrate understanding of
dividend ratios and return on equity ratios, an
analysis of financial statements. Respond to at
least two of your classmates posts.
17
BUS 591 Slingshot Academy / bus591.com
BUS 591 Week 5 Sarbanes-Oxley Act of 2002 Methods
of Depreciation (Ash)
BUS 591 Week 5 Sarbanes-Oxley Act of 2002Methods
of Depreciation Research and discuss the
Sarbanes-Oxley Act of 2002. Identify key
components of the Sarbanes-Oxley Act of 2002, and
its primary objective. What are some of the
criticisms surrounding the Act? Are there any
economic consequences for companies as a result
of implementing the Act? Has the Sarbanes-Oxley
Act achieved its goals so far? Explain the
methods of depreciation. Explain the methods of
depletion. How do depletion and depreciation
methods differ? Compare and contrast the
depreciation and depletion methods. Use scholarly
references (no Wikipedia, Answers.com, etc.) to
support the points you make in your paper.
18
BUS 591 Slingshot Academy / bus591.com
BUS 591 Week 6 DQ 1 Indirect Method vs. Direct
Method (Ash)
BUS 591 Week 6 DQ 1 Indirect Method vs. Direct
Method Indirect Method vs. Direct Method.
Financial statement preparers have two choices in
preparing the statement of cash flows the
indirect method and the direct method. The
indirect method is used extensively in practice
even though the F.A.S.B. has expressed a
preference for the direct method. Discuss the
similarities and differences between the direct
and indirect methods, and the advantages of using
each method. Your answer should illustrate
understanding of the cash flow statement. A
minimum of 100 to 200 words is required for your
answer. Respond to at least two of your
classmates posts.
19
BUS 591 Slingshot Academy / bus591.com
BUS 591 Week 6 DQ 2 Horizontal vs. Vertical
Analysis (Ash)
BUS 591 Week 6 DQ 2 Horizontal vs. Vertical
Analysis Horizontal vs. Vertical Analysis.
Discuss the horizontal and vertical analysis of a
financial statement, and how each is used to help
financial statement users make better decisions.
Also, explain the liquidity, solvency, and
profitability ratios introduced throughout the
text. Describe how the ratios are used in
analyzing a firms liquidity, solvency, and
profitability. Your answer should illustrate
understanding of financial statement analysis,
including ratios. A minimum of 100 to 200 words
is required for your answer. Respond to at least
two of your classmates posts.
20
BUS 591 Slingshot Academy / bus591.com
BUS 591 Week 6 Final Project (Ash)
BUS 591 Week 6 Final Project FINAL PAPER You
should begin working on elements of the Final
Project in Week One. Each week, there is a
recommended learning activity associated with
helping you complete the Final Project. There are
ungraded and graded practice exercises, which
will allow you to practice applying accounting
skills learned in class to different scenarios.
Work through the problems, starting with Chapter
1, following the instructions in the textbook and
Excel template. Download and open the Excel file
marked BUS 591 Final Project Template. Review
the instructions presented on the Instructions
Tab in the Workbook and the weekly recommended
learning activity. If you complete each part as
recommended, you will have the complete Final
Project finished by Week Six.
21
BUS 591 Slingshot Academy / bus591.com
The aim of education is the knowledge, not of
facts, but of values
For More Courses
Visit Now
www.bus591.com
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