ACC 290 Enthusiastic Study / snaptutorial.com

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ACC 290 Enthusiastic Study / snaptutorial.com
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ACC 290 Enthusiastic Study / snaptutorial.com
ACC 290 Entire Course New Syllabus With Final
Guide For more classes visit www.snaptutorial.co
m   ACC 290 Final Exam Guide(Latest) ACC 290 Week
1 Assignment Preparing an Income Statement
Retained Earnings Statement and Balance Sheet ACC
290 Week 2 Analyzing the Effect of Transactions
E3-1 (New) ACC 290 Week 2 Text Exercise Ex 1-9,
Ex 2-10 (Donavan, Myeneke Corporation) ACC 290
Week 3 Preparing a Multiple-Step Income Statement
Problem 5-5A (Simon Company) ACC 290 Week 3 Text
Exercise 4-14 Villa Company
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ACC 290 Enthusiastic Study / snaptutorial.com
  ACC 290 Final Exam Guide(Latest) For more
classes visit www.snaptutorial.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. Question
2 Which of the following is not a liability?
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ACC 290 Enthusiastic Study / snaptutorial.com
  ACC 290 Final Exam Guide For more classes
visit www.snaptutorial.com   ACC 290
Finals Question 1   Jackson Company recorded the
following cash transactions for the year   Paid
135,000 for salaries. Paid 60,000 to purchase
office equipment. Paid 15,000 for
utilities. Paid 6,000 in dividends. Collected
245,000 from customers.
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ACC 290 Enthusiastic Study / snaptutorial.com
ACC 290 Week 1 Assignment Preparing an Income
Statement Retained Earnings Statement and Balance
Sheet For more classes visit www.snaptutorial.co
m   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
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ACC 290 Enthusiastic Study / snaptutorial.com
ACC 290 Week 1 Discussion Question 1   For more
classes visit www.snaptutorial.com   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?
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ACC 290 Enthusiastic Study / snaptutorial.com
ACC 290 Week 1 Discussion Question 2   For more
classes visit www.snaptutorial.com   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?
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ACC 290 Enthusiastic Study / snaptutorial.com
  ACC 290 Week 1 Individual Assignment Financial
Statements Paper For more classes
visit www.snaptutorial.com   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 useful to
internal users, such as to managers and
employees. Discuss how the financial statements
would be useful to external users, such as
investors and creditors. Format paper according
to APA standards.
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ACC 290 Enthusiastic Study / snaptutorial.com
ACC 290 Week 1 Practice Quiz For more classes
visit www.snaptutorial.com   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.              
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ACC 290 Enthusiastic Study / snaptutorial.com
ACC 290 Week 1 Vocabulary Activity For more
classes visit www.snaptutorial.com   WileyPLUS
Assignment Week 1 Vocabulary Activity Resource
WileyPLUS Complete the following Week 1
Assignment in WileyPLUS Chapter 1 WileyPLUS
Crossword Puzzle 1
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ACC 290 Enthusiastic Study / snaptutorial.com
ACC 290 Week 1 WileyPlus Assignment DI1-3,
E1-3,E1-4, E2-4, IFRS2-4 For more classes
visit www.snaptutorial.com   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 IFRS
2-4  
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ACC 290 Enthusiastic Study / snaptutorial.com
ACC 290 Week 2 Chapter 1,2,3 Orion WileyPlus
Proficiency and Practice Quiz For more classes
visit www.snaptutorial.com   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? Q 1.4  The   reports revenues and
expenses and resulting net income or less for a
period in time.    
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ACC 290 Enthusiastic Study / snaptutorial.com
ACC 290 Week 2 Charter for Collaborative Learning
Activities For more classes visit www.snaptutori
al.com   Resources Week 2 Learning Team
Collaborative Discussion and the Learning Team
Charter for Collaborative Learning Activities
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ACC 290 Enthusiastic Study / snaptutorial.com
ACC 290 Week 2 Discussion Question 1 For more
classes visit www.snaptutorial.com   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 are accruals? Provide examples of
accruals. Why do accruals require adjusting
entries? What are deferrals? What are some
examples of deferrals? Why do deferrals require
adjusting entries?
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ACC 290 Enthusiastic Study / snaptutorial.com
ACC 290 Week 2 Discussion Question 2 For more
classes visit www.snaptutorial.com   What
accounts are subject to adjusting journal entries
and why? How would you explain the purpose of the
adjusted trial balance?  
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ACC 290 Enthusiastic Study / snaptutorial.com
ACC 290 Week 2 E3-1 (New) For more classes
visit www.snaptutorial.com   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 received from investors.  
Paid monthly rent.   Received cash from
customers when service was performed.  
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ACC 290 Enthusiastic Study / snaptutorial.com
ACC 290 Week 2 LT Reflection Summary (New) For
more classes visit www.snaptutorial.com   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.
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ACC 290 Enthusiastic Study / snaptutorial.com
ACC 290 Week 2 LT Reflection Summary For more
classes visit www.snaptutorial.com   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 balance. Write a 350
to 500 word summary of your Learning Teams
discussion.
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ACC 290 Enthusiastic Study / snaptutorial.com
ACC 290 Week 2 Practice Quiz For more classes
visit www.snaptutorial.com   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 An account is a part of the
financial information system and is described by
all except which one of the following?
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ACC 290 Enthusiastic Study / snaptutorial.com
ACC 290 Week 2 Vocabulary Activity For more
classes visit www.snaptutorial.com   WileyPLUS
Assignment Week 2 Vocabulary Activity   Resource
WileyPLUS   Complete the following Week 2
Assignment in WileyPLUS   Chapter 2 Wiley PLUS
Crossword Puzzle 1
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ACC 290 Enthusiastic Study / snaptutorial.com
ACC 290 Week 2 WileyPlus Assignment BYP2-2,
IFRS2-6, E3-4, E3-8, BYP 3-2, IFRS 3-2, P3-5,
P3-6 For more classes visit www.snaptutorial.com
    WileyPLUS Assignment Week 2 Assignment
Resource WileyPLUS Complete the following
Week 2 Assignment in WileyPLUS
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ACC 290 Enthusiastic Study / snaptutorial.com
ACC 290 Week 3 Chapter 4,5 Orion WileyPlus
Proficiency and Practice Quiz For more classes
visit www.snaptutorial.com     ACC 290 Week 3
Chapter 4,5 Orion WileyPlus Proficiency and
Practice Quiz ACC 290 Chapter 4 Orion WileyPlus
Build your Proficiency Q 4.1 Which of the
following statements about accrual-basis
accounting is NOT true?
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ACC 290 Enthusiastic Study / snaptutorial.com
ACC 290 Week 3 Discussion Question 1 For more
classes visit www.snaptutorial.com   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? Why are they necessary?
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ACC 290 Enthusiastic Study / snaptutorial.com
ACC 290 Week 3 Discussion Question 2 For more
classes visit www.snaptutorial.com   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?
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ACC 290 Enthusiastic Study / snaptutorial.com
ACC 290 Week 3 Practice Quiz For more classes
visit www.snaptutorial.com     Question 1 The
revenue recognition principle dictates that
revenue is recognized in the period in which the
cash is received.
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ACC 290 Enthusiastic Study / snaptutorial.com
ACC 290 Week 3 Problem 5-5A (Simon Company) For
more classes visit www.snaptutorial.com   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 Scenario An
inexperienced accountant prepared this condensed
income statement for Simon Company a retail firm
that has been in business for a number of
years. SIMON COMPANY Income Statement For the
Year Ended December 31, 2017
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ACC 290 Enthusiastic Study / snaptutorial.com
  ACC 290 Week 3 Vocabulary Activity For more
classes visit www.snaptutorial.com     WileyPLUS
Assignment Week 3 Practice Quiz Resource
WileyPLUS Complete the following Week 3
Assignment in WileyPLUS Chapter 4 Practice Quiz
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ACC 290 Enthusiastic Study / snaptutorial.com
ACC 290 Week 3 WileyPlus Assignment BE4-1, P4-2A,
P4-3A, BYP4-1, IFRS PQ-1, PQ-2, PQ-3, PQ-4 For
more classes visit www.snaptutorial.com     Assign
ment Week 3 Assignment Complete the following
Week 3 Assignment Brief Exercise 4-1 Problem
4-2A Problem 4-3A BYP 4-1 IFRS Practice
Question 1 IFRS Practice Question 2
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ACC 290 Enthusiastic Study / snaptutorial.com
ACC 290 Week 4 Chapter 6 Orion WileyPlus
Proficiency and Practice Quiz For more classes
visit www.snaptutorial.com     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 Q 6.3 How is inventory ready for
sale classified in a manufacturing company? Q
6.4 In the perpetual inventory system, which of
the following is NOT a reason to take physical
inventory?
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ACC 290 Enthusiastic Study / snaptutorial.com
ACC 290 Week 4 Discussion Question 1 For more
classes visit www.snaptutorial.com     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
organization would use to record the purchase and
subsequent sale of merchandise? How would these
transactions differ with a periodic versus a
perpetual
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ACC 290 Enthusiastic Study / snaptutorial.com
  ACC 290 Week 4 Discussion Question 2 For more
classes visit www.snaptutorial.com     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 flow assumption work?
When it is most appropriate to use? How does last
in, first out cost flow assumption work? When it
is most appropriate to use? How does an average
cost flow assumption work? When it is most
appropriate to use?
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ACC 290 Enthusiastic Study / snaptutorial.com
ACC 290 Week 4 Evaluate The Inventory Section Of
Two companies Using Basic Comparative Analysis
For more classes visit www.snaptutorial.com   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 Write a 1,050-word comparative analysis
using the financial statements of Amazon.com,
Inc. presented in Appendix D, and the financial
statements for Wal-Mart Stores, Inc., presented
in Appendix E, including the following
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ACC 290 Enthusiastic Study / snaptutorial.com
  ACC 290 Week 4 Practice Quiz For more classes
visit www.snaptutorial.com     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. Question 2
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ACC 290 Enthusiastic Study / snaptutorial.com
ACC 290 Week 4 Vocabulary Activity For more
classes visit www.snaptutorial.com     WileyPLUS
Assignment Week 4 Vocabulary Activity Resource
WileyPLUS Complete the following Week 4
Assignment in WileyPLUS Chapter 5 Crossword
Puzzle 1
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ACC 290 Enthusiastic Study / snaptutorial.com
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 For more classes
visit www.snaptutorial.com   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 IFRS 5-4 Practice Question 1 Practice
Question 2
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ACC 290 Enthusiastic Study / snaptutorial.com
ACC 290 Week 4Evaluate The Inventory Section Of
Two companies Using Basic Comparative Analysis
For more classes visit www.snaptutorial.com     T
he 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 Write a 1,050-word comparative analysis
using the financial statements of Amazon.com,
Inc. presented in Appendix D, and the financial
statements for Wal-Mart Stores, Inc., presented
in Appendix E, including the following
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ACC 290 Enthusiastic Study / snaptutorial.com
ACC 290 Week 5 Discussion Question 1 For more
classes visit www.snaptutorial.com     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?
How would you describe the key internal controls
that should be in place to protect cash in a cash
rich environment such as a merchandiser? What are
the key internal controls that should be in place
to protect inventory for a merchandiser that
sells highly desirable and very expensive
inventory, such as jewelry? Would this be
different if the business had a less desirable
and less expensive inventory? Explain why or why
not.
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ACC 290 Enthusiastic Study / snaptutorial.com
ACC 290 Week 5 IFRS Paper For more classes
visit www.snaptutorial.com     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. IFRS 2-3 What terms commonly used under
IFRS are synonymous with common stock and balance
sheet?
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ACC 290 Enthusiastic Study / snaptutorial.com
ACC 290 Week 5 Learning Team Reflection Summary
For more classes visit www.snaptutorial.com   Ref
lection 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.
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ACC 290 Enthusiastic Study / snaptutorial.com
ACC 290 Week 5 Preparing Comprehensive Bank
Reconciliation (Daisey Company) For more
classes visit www.snaptutorial.com     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.
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ACC 290 Enthusiastic Study / snaptutorial.com
  ACC 290 Week 5 WileyPlus Assignment BE6-5,
BE6-7, BYP6-1, BYP6-2, BE7-4, BE7-6, IFRS PQ-1,
PFRS PQ-2 For more classes visit www.snaptutoria
l.com     Assignment Week 5 Assignment Complete
the following Week 5 Assignment IFRS Practice
Question 1 IFRS Practice Question 2 Brief
Exercise 6-5 Brief Exercise 6-7 BYP 6-1 BYP 6-2
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ACC 290 Enthusiastic Study / snaptutorial.com
ACC 290 Week 3/4 Learning Team Financial
Reporting Problem, Part 1 (2 Different
Papers) For more classes visit www.snaptutoria
l.com     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
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ACC 290 Enthusiastic Study / snaptutorial.com
ACC 290 Week 4/5 Individual Assignment Financial
Reporting Problem Part II (2 Different
Papers) For more classes visit www.snaptutoria
l.com   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 290 Week
Four.  Analyze the information contained in the
companys balance sheet and income statement to
answer the following questions Are the assets
included under the companys current assets
listed in the proper order? Explain your
answer. How are the companys assets
classified? What are cash equivalents?
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ACC 290 Enthusiastic Study / snaptutorial.com