ACC 290 (New) help Making Decisions/newtonhelp.com

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For more course tutorials visit Uophelp is now newtonhelp.com www.newtonhelp.com Question 1 The best definition of assets is the collections of resources belonging to the company and the claims on these resources. cash owned by the company. owners’ investment in the business. resources belonging to a company that have future benefit to the company. – PowerPoint PPT presentation

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Title: ACC 290 (New) help Making Decisions/newtonhelp.com

1
ACC 290 (New) help Making Decisions/newtonhelp.com
2
ACC 290 Final Exam Guide (New, 2018, 100 Score)

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Question 1
The best definition of assets is the
collections of resources belonging to the company
and the claims on these resources.
cash owned by the company.
owners investment in the business.

3
ACC 290 Week 1 Apply Connect Assignment

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ACC 290 Week 1 Apply Connect Assignment
Complete the Week 1 Assignment in Connect.
Note You have only 1 attempt available to
complete assignments.

4
ACC 290 Week 1 Assignment Preparing an Income
Statement Retained Earnings Statement and Balance
Sheet

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Purpose of Assignment
The purpose of this assignment is to help
students become familiar with the presentation of
the income statement and the retained earnings
statement, including how parts of the financial
statement is evaluated to determine the
operational success of the business.
Assignment Steps

5
ACC 290 Week 1 Discussion Question 1

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ACC 290 Week One - DQ 1
What are the four basic financial statements?
What is the primary purpose of each of the four
basic financial statements? In your opinion,
which financial statement is the most important?
Explain why. How would the financial statements
be useful to managers and employees? How would
the financial statements be useful to investors
and creditors?

6
ACC 290 Week 1 Discussion Question 2

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What are debits and credits? How are debits and
credits used to record business transactions? Why
do accountants debit asset accounts to increase
them but credit liability accounts to increase
them? Why do accountants debit expenses to
increase them but credit revenues to increase
them?

7
ACC 290 Week 1 Individual Assignment Financial
Statements Paper

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Individual - Financial Statements Paper - Prepare
a 700 -1,050 word paper in which you identify the
four basic financial statements. Describe the
purpose of each of the four financial statements.
Discuss how the financial statements would be

8
ACC 290 Week 1 Practice Connect Practice
Assignment

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ACC 290 Week 1 Practice Connect Practice
Assignment
Complete the Week 1 Practice in Connect.
Note You have unlimited attempts available to
complete practice assignments

9
ACC 290 Week 1 Practice Quiz(New)

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Question 1
Current assets are expected to be
converted to cash or consumed within the next
year or the normal operating cycle, whichever is
longer.

10
ACC 290 Week 1 Vocabulary Activity (New)

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WileyPLUS Assignment Week 1 Vocabulary Activity
Resource WileyPLUS
Complete the following Week 1 Assignment in
WileyPLUS
Chapter 1 WileyPLUS Crossword Puzzle 1

11
ACC 290 Week 1 WileyPlus Assignment DI1-3,
E1-3,E1-4, E2-4, IFRS2-4 (New)

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WileyPLUS Assignment Week 1 Assignment
Resource WileyPLUS
Complete the following Week 1 Assignment in
WileyPLUS
DO IT! 1-3
Exercise 1-3
Exercise 1-4
Exercise Excel E 2-4

12
ACC 290 Week 2 Apply Connect Assignment

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ACC 290 Week 2 Apply Connect Assignment
Complete the Week 2 Assignment in Connect.
Note You have only 1 attempt available to
complete assignments
1
The accountant for the firm owned by Randy
Guttery prepares financial statements at the end
of each month. The following transactions for
Randy Guttery, Landscape Consultant took place
during the month ended June 30, 2019. The
following transactions are for Randy Guttery,
Landscape Consultant.

13
ACC 290 Week 2 Chapter 1,2,3 Orion WileyPlus
Proficiency and Practice Quiz

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ACC 290 Chapter 1 Orion WileyPlus Build your
Proficiency
Q 1.1 What is the primary purpose of the
statement of cash flows?
Q 1.2 Which financial statement summarizes the
financial position of a company?
Q 1.3 Which financial statement provides
information for a specific point in time?

14
ACC 290 Week 2 Charter for Collaborative Learning
Activities

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Resources Week 2 Learning Team Collaborative
Discussion and the Learning Team Charter for
Collaborative Learning Activities
Write a 150- to 200-word individual response to
the following
Consider the multiple definitions of
collaboration.
Define collaboration and how you will
apply it in this course based upon the discussion

15
ACC 290 Week 2 Discussion Question 1

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What is the revenue recognition principle? What
is the expense recognition principle? Why are
they important to financial reporting?
What are adjusting entries and why are they
necessary?
What

16
ACC 290 Week 2 Discussion Question 2

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What accounts are subject to adjusting journal
entries and why?
How would you explain the purpose of the adjusted
trial balance?

17
ACC 290 Week 2 E3-1 (New)

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The balance sheet makes sure that the finances
are in balance. Below is a list of Thyme
Advertising Company, Inc. transactions. Each of
these is affected differently.
Issued common stock to investors in exchange for
cash

18
ACC 290 Week 2 LT Reflection Summary (New)

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Discuss the objectives for ACC 290 Week Two.
What do you think will be the most important of
the skills learned when you are in an accounting
position?
Differentiate between accrual basis and cash
basis of accounting.

19
ACC 290 Week 2 LT Reflection Summary (New)

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Discuss the objectives for ACC 290 Week Two.
What do you think will be the most important of
the skills learned when you are in an accounting
position?
Differentiate between accrual basis and cash
basis of accounting.

20
ACC 290 Week 2 Practice Connect Practice
Assignment

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ACC 290 Week 2 Practice Connect Practice
Assignment
Complete the Week 2 Practice in Connect.
Note You have unlimited attempts available to
complete practice assignments

21
ACC 290 Week 2 Practice Quiz (New)

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Question 1
Expenses decrease retained earnings.
Question 2
During 2014, Gibson Company assets decreased
50,000 and its liabilities decreased 90,000.
Its stockholders equity
Question 3
Payment of a dividend
Question 4

22
ACC 290 Week 2 Vocabulary Activity (New)

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WileyPLUS Assignment Week 2 Vocabulary Activity
Resource WileyPLUS
Complete the following Week 2 Assignment in
WileyPLUS
Question 4

23
ACC 290 Week 2 WileyPlus Assignment BYP2-2,
IFRS2-6, E3-4, E3-8, BYP 3-2, IFRS 3-2, P3-5,
P3-6 (New)

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WileyPLUS Assignment Week 2 Assignment
Resource WileyPLUS
Complete the following Week 2 Assignment in
WileyPLUS
BYP 2-2

24
ACC 290 Week 3/4 Learning Team Financial
Reporting Problem, Part 1 (2 Different
Papers)(New)

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Financial Reporting Problem Part I
Browse the Internet to acquire a copy of the most
recent annual report for a publicly traded
company. Analyze the information contained in the
companys balance sheet and income statement to
answer the following questions
What are the companys total assets at the end of
its most recent

25
ACC 290 Week 3 Apply Connect Assignment

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ACC 290 Week 3 Apply Connect Assignment
Complete the Week 3 Assignment in Connect.
Note You have only 1 attempt available to
complete assignments
1
On October 1, 2019, Helen Kennedy opened an
advertising agency.

26
ACC 290 Week 3 Chapter 4,5 Orion WileyPlus
Proficiency and Practice Quiz

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ACC 290 Chapter 4 Orion WileyPlus Build your
Proficiency
Q 4.1 Which of the following
statements about accrual-basis accounting is NOT
true?
Q 4.2 If a company spends 12
million dollars for a warehouse, when

27
ACC 290 Week 3 Discussion Question 1

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What are the steps in completing the accounting
cycle? How do the different steps affect the
financial statements? What is the effect on the
financial statements of missing a step when
completing the accounting cycle? What are the
four closing journal entries

28
ACC 290 Week 3 Discussion Question 2

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What are the pros and cons of using reversing
entries? Why are reversing entries optional? What
is the main purpose of a financial statement
worksheet and its benefits? How has automation
aided the preparation, accuracy, and use of the
financial statement worksheet?

29
ACC 290 Week 3 LT Reflection Summary

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Discuss the objectives for ACC 290 Week Two.
What do you think will be the most important of
the skills learned when you are in an accounting
position? Differentiate between accrual basis
and cash basis of accounting. Create Adjusting
Entries. Prepare an adjusted trial

30
ACC 290 Week 3 Practice Connect Practice
Assignment

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ACC 290 Week 3 Practice Connect Practice
Assignment
Complete the Week3 Practice in Connect.
Note You have unlimited attempts available to
complete practice assignments
1
On October 1, 2019, Helen Kennedy opened an
advertising agency.

31
ACC 290 Week 3 Practice Quiz (New)

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Question 1
The revenue recognition principle dictates that
revenue is recognized in the period in which the
cash is received.
Question 2
The generally accepted accounting principle which
dictates that

32
ACC 290 Week 3 Problem 5-5A (Simon Company)

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Purpose of Assignment
The purpose of this assignment is to help you
become familiar with the parts of the
multiple-step income statement.
Assignment Steps
Resources Financial Accounting Tools for
Business Decision Making

33
ACC 290 Week 3 Vocabulary Activity (New)

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WileyPLUS Assignment Week 3 Practice Quiz
Resource WileyPLUS
Complete the following Week 3 Assignment in
WileyPLUS
Chapter 4 Practice Quiz
Making

34
ACC 290 Week 3 WileyPlus Assignment BE4-1, P4-2A,
P4-3A, BYP4-1, IFRS PQ-1, PQ-2, PQ-3, PQ-4 (New)

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Assignment Week 3 Assignment
Complete the following Week 3 Assignment
Brief Exercise 4-1
Problem 4-2A
Problem 4-3A
BYP 4-1

35
ACC 290 Week 4/5 Individual Assignment Financial
Reporting Problem Part II (2 Different
Papers)(

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Financial Reporting Problem Part II
Access the internet to acquire a copy of the most
recent annual report for the public traded
company used to complete the Financial Reporting
Problem, Part 1 assignment due in ACC

36
ACC 290 Week 4 Apply Connect Assignment

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ACC 290 Week 4 Apply Connect Assignment
Complete the Week 4 Assignment in Connect.
Note You have only 1 attempt available to
complete assignments
1
Paula Judge owns Judge Creative Designs. The
trial balance of the firm for January 31, 2019,
the first month of operations, is shown below.

37
ACC 290 Week 4 Chapter 6 Orion WileyPlus
Proficiency and Practice Quiz

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ACC 290 Chapter 6 Orion WileyPlus Build your
Proficiency
Q 6.1 Where is inventory reported?
Q 6.2 ________ are items that will
eventually be used in production

38
ACC 290 Week 4 Discussion Question 1

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How would you calculate cost of goods sold? What
items make up cost of goods sold? How does
beginning and ending inventory affect cost of
goods sold? What are the journal entries a
merchandising

39
ACC 290 Week 4 Discussion Question 2

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What are the three different inventory cost flow
assumptions commonly used in commerce today and
allowed by generally accepted accounting
principles? How does a company determine what
cost flow assumption they should use? How does
first in, first out cost

40
ACC 290 Week 4 LT Reflection Summary

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Reflection and Financial Reporting Problem Part
I.
Discuss the objectives for ACC 290 Week Three.
How do they relate to the practice of accounting
and its uses in business

41
ACC 290 Week 4 Practice Connect Practice
Assignment

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ACC 290 Week 4 Practice Connect Practice
Assignment
Complete the Week 4 Practice in Connect.
Note You have unlimited attempts available to
complete practice assignments.
attempt 1

42
ACC 290 Week 4 Practice Quiz (New)

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Question 1
A service company's operating cycle is
ordinarily shorter than that of a merchandising
company.
The operating cycle of a merchandising company is
ordinarily shorter than that of a service company

43
ACC 290 Week 4 Vocabulary Activity (New)

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WileyPLUS Assignment Week 4 Vocabulary Activity
Resource WileyPLUS
Complete the following Week 4 Assignment in
WileyPLUS
Chapter 5 Crossword Puzzle 1

44
ACC 290 Week 4 Wileyplus Assignment P4-8A,
BYP5-1, BYP5-2, BE5-1, BE5-2, IFRS5-2, IFRS5-4,
PQ-1, PQ-2, PQ-3 (New)

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Week 4 Assignment
Complete the following Week 4 Assignment in
Problem 4-8A
Brief Exercise 5-1
Brief Exercise 5-2
BYP 5-1
BYP 5-2
IFRS 5-2

45
ACC 290 Week 4Evaluate The Inventory Section Of
Two companies Using Basic Comparative Analysis

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The purpose of this assignment is to evaluate the
inventory section of two companies using basic
comparative analysis, and to interpret the data
to gain insight about the company's inventory
management.
Assignment Steps
Resources Financial Accounting Tools for
Business Decision Making

46
ACC 290 Week 5 Apply Connect Assignment

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1
On December 31, after adjustments, Gonzalez
Companys ledger contains the following account
balances
101 Cash 30,200 Dr.
111 Accounts Receivable 16,100 Dr.
121 Supplies 2,300 Dr.
131 Prepaid Rent 38,900 Dr.
141 Equipment 47,000 Dr.
142 Accumulated DepreciationEquip. 1,150 Cr.

47
ACC 290 Week 5 Discussion Question 1

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What is the control environment? How does the
control environment affect a companys internal
controls? What are the negative and positive
elements of a control environment? What are two
examples of strong and weak internal controls in
organizations where you have worked or have
first-hand knowledge? How are these different?

48
ACC 290 Week 5 IFRS Paper (New)

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IFRS 2-1 In what ways does the format of a
statement of financial of position under IFRS
often differ from a balance sheet presented under
GAAP?
IFRS 2-2 Do the IFRS and GAAP conceptual
frameworks differ in terms of the objective of
financial reporting? Explain.

49
ACC 290 Week 5 Learning Team Reflection Summary
(New)

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Reflection and Financial Reporting Problem Part
II.
Discuss the objectives for ACC 290 Week Four. In
the wake of accounting scandals over the past
several years, how has the Sarbanes-Oxley Act
(SOX) of 2002 affected the practice of
accounting? What is the role of internal controls
in complying with SOX (2002)? Write a 350 to 500
word summary of your Learning Teams discussion.

50
ACC 290 Week 5 Practice Connect Practice
Assignment

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ACC 290 Week 5 Practice Connect Practice
Assignment
Complete the Week 5 Practice in Connect.
Note You have unlimited attempts available to
complete practice assignments.
attempt 1

51
ACC 290 Week 5 Preparing Comprehensive Bank
Reconciliation (Daisey Company)

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Purpose of Assignment
Reconciling bank accounts is a good way to help
maintain internal controls over cash. With time
lags and posting errors it is easy for cash
transactions to be omitted, recorded in a
different accounting period, or reflect incorrect
amounts. This assignment with give you practical
experience in reconciling the cash balance as
noted on the company books to the bank's records.