ACC 205 Effective Communication / snaptutorial.com

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ACC 205 Effective Communication / snaptutorial.com
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ACC 205 Effective Communication / snaptutorial.com
ACC 205 Week 1 Assignment Student Guidance
Report   For more classes visit www.snaptutorial.c
om   Exercises 2.        Basic computations. The
following selected balances were extracted from
the accounting records of Rossi Enterprises on
December 31, 20X3 a.         Determine Rossi's
total assets as of December 31.
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ACC 205 Effective Communication / snaptutorial.com
ACC 205 Week 1 Chapter 1 2 Quiz and Video
Quiz   For more classes visit www.snaptutorial.com
  ACC 205 Week 1 Chapter 1,2 Quiz and Video
Quiz     1. In accounting the concept of
materiality refers to ________________.       Ques
tion 2. 2. Typically accounting transactions are
recorded and reported at _______________. Question
3. 3. The accounting equation is
____________________________. 
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ACC 205 Effective Communication / snaptutorial.com
ACC 205 Week 1 DQ 1 Accounting Equation For
more classes visit www.snaptutorial.com   As you
have learned in this weeks readings the
Accounting Equation is Owners Equity.  Is the
accounting equation true in all instances? 
Provide sample transactions from your own
experiences to demonstrate the validity of the
Accounting Equation.  
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ACC 205 Effective Communication / snaptutorial.com
ACC 205 Week 1 DQ 2 Accounts For more classes
visit www.snaptutorial.com   What does the term
account mean?  What are the different
classifications of accounts?  How do the rules
for Debits and Credits impact accounts?  Please
provide an example of how debits and credits
impact accounts.Guided Response 
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ACC 205 Effective Communication / snaptutorial.com
ACC 205 Week 1 Journal Balance Sheet Journal
For more classes visit www.snaptutorial.com   B
alance Sheet JournaThe Balance Sheet is a
financial snap shot of a company at  a particular
point in time.  The Balance Sheet lists the
assets, liabilities, and equity of the company. 
Reflect on your personal financial situation, can
you apply the concepts of the Balance Sheet? 
What did you learn from this reflection?
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ACC 205 Effective Communication / snaptutorial.com
ACC 205 Week 2 Assignment Student Guidance
Report   For more classes visit www.snaptutorial.c
om   Exercise 4 4. Accounting for prepaid
expenses and unearned revenues. Hawaii-Blue began
business on January 1 of the current year and
offers deep-sea fishing trips to tourists.
Tourists pay 125 in advance for an all-day
outing off
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ACC 205 Effective Communication / snaptutorial.com
ACC 205 Week 2 Chapter 3 4 Quiz and Video
Quiz   For more classes visit www.snaptutorial.com
  ACC 205 Week 2 Chapter 3,4 Quiz and Video
Quiz     1. The accrual basis of accounting
means_______________________.       Question 2.
2. Under accrual basis accounting revenue is not
recognized until _________________.          
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ACC 205 Effective Communication / snaptutorial.com
ACC 205 Week 2 DQ 1 Accounting Cycle For more
classes visit www.snaptutorial.com   Financial
statements are a product of the accounting
cycle.  Think about two different companies, one
a manufacturing company, the other a retail
company.  Why would different companies have
different accounting cycles?  Would you expect
the steps of the accounting cycle to be the same
for each company?  Why or why not? Guided
Response
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ACC 205 Effective Communication / snaptutorial.com
ACC 205 Week 2 DQ 2 Bank Reconciliation For
more classes visit www.snaptutorial.com   What
is the purpose of a bank reconciliation?  What
are the reasons there are differences between the
cash reported in the accounting records and the
cash balance in the bank statements?
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ACC 205 Effective Communication / snaptutorial.com
ACC 205 Week 2 Journal Income Statement
Journal   For more classes visit www.snaptutoria
l.com   The Income Statement measures the income
and expenses of a company over a specific period
of time.  Reflecting on your personal financial
statement for the past month, can you apply the
principles of the Income Statement?  What did you
learn from this experience?
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ACC 205 Effective Communication / snaptutorial.com
ACC 205 Week 3 Assignment Student Guidance
Report   For more classes visit www.snaptutorial.c
om   Chapter 5, Exercise 1 Inventory errors and
income measurement. The income statements of
Keagle Company for 20X3 and 20X4 follow. 20X3
                          20X4 Sales
                                       100,000
                    109,000 Cost of goods sold
                 62,000                        
74,000
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ACC 205 Effective Communication / snaptutorial.com
ACC 205 Week 3 Chapter 5 6 Quiz and Video
Quiz   For more classes visit www.snaptutorial.com
  ACC 205 Week 3 Chapter 5,6 Quiz and Video
Quiz     1. Gross Profit is ___________________.  
     Question 2. 2. All of the following are
considered part of inventory cost
except__________.        Question 3. 3. In a
period of rising raw material costs the inventory
cost flow assumption that will provide the firm
with the highest net income would be
______________________
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ACC 205 Effective Communication / snaptutorial.com
ACC 205 Week 3 DQ 1 LIFO vs. FIFO For more
classes visit www.snaptutorial.com   The
controller of Sagehen Enterprises believes that
the company should switch from the LIFO method to
the FIFO method.  The controllers bonus is based
on the next income.  It is the controllers
belief that the switch in inventory methods would
increase the net income of the company.  What are
the differences between the LIFO
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ACC 205 Effective Communication / snaptutorial.com
ACC 205 Week 3 DQ 2 Depreciation For more
classes visit www.snaptutorial.com   There is a
variety of depreciation methods used to allocate
the cost of an asset to all of the accounting
periods benefited by the use of the asset.  Your
client has just purchased a piece of equipment
for 100,000.  Explain the concept of
depreciation.  Which of the following
depreciation methods would you recommend
straight-line
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ACC 205 Effective Communication / snaptutorial.com
ACC 205 Week 3 Journal Inventory Journal   For
more classes visit www.snaptutorial.com   Reflect
for a moment on the LIFO (Last in First Out) and
FIFO (First in First Out) inventory methods. If
you were starting a small manufacturing company,
what inventory method do you believe would
provide the most accurate financial statements?
Why do you believe this is the case?
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ACC 205 Effective Communication / snaptutorial.com
ACC 205 Week 4 Assignment Student Guidance
Report   For more classes visit www.snaptutorial.c
om   Chapter 7 Exercise 2 and 4 2.        
Accrued liability current portion of long-term
debt. On July 1, 20X1, Hall Company borrowed
225,000 via a long-term loan. Terms of the loan
require that Hall pay interest and 75,000 of
principal on July 1, 20X2,
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ACC 205 Effective Communication / snaptutorial.com
ACC 205 Week 4 Chapter 7 8 Quiz and Video
Quiz   For more classes visit www.snaptutorial.com
  ACC 205 Week 4 Chapter 7,8 Quiz and Video
Quiz   1. Current Liabilities are
_____________________________. (Points
1)   Question 2. 2. The Unearned Revenue account
is used to record ____________________. (Points
1)  
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ACC 205 Effective Communication / snaptutorial.com
ACC 205 Week 4 DQ 1 Current Liability For more
classes visit www.snaptutorial.com   What is a
current liability?  From a user of financial
statements perspective why do you believe current
liabilities are separated from long-term
liabilities?  Based on your current experience
and any additional research you may
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ACC 205 Effective Communication / snaptutorial.com
ACC 205 Week 4 DQ 2 Client Recommendations For
more classes visit www.snaptutorial.com   A
client comes to you thinking about starting a
consulting business.  Specifically your client is
interested in what type of entity should be
created for this new business.  Based on your
readings or any additional research you may have
done, discuss the advantages and disadvantages of
the following sole proprietorship, partnership,
and
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ACC 205 Effective Communication / snaptutorial.com
ACC 205 Week 4 Journal Future Obligations
Journal For more classes visit www.snaptutoria
l.com   The current liability section of the
balance sheet lists the liabilities that are due
within the next 12 months.  Reflecting on your
current financial situation, apply the concept of
current liabilities.  What does this analysis
tell you about your future obligations?  What did
you learn from this experience?
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ACC 205 Effective Communication / snaptutorial.com
ACC 205 Week 5 Assignment Student Guidance
Report   For more classes visit www.snaptutorial.c
om   Chapter 9 Exercise 3 Liquidity ratios.
Edison, Stagg, and Thornton have the following
financial information at the close of business on
July 10 Compute the current and quick ratios for
each of the three companies. (Round calculations
to two decimal places.) Which firm is the most
liquid? Why?
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ACC 205 Effective Communication / snaptutorial.com
ACC 205 Week 5 Chapter 9 Quiz and Video
Quiz   For more classes visit www.snaptutorial.com
  ACC 205 Week 5 Chapter 9 Quiz and Video
Quiz     Question 1. 1. Common-size financial
statements means___________________.    Question
2. 2. Vertical analysis of a financial statement
involves_______________.  
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ACC 205 Effective Communication / snaptutorial.com
 ACC 205 Week 5 DQ 1 For more classes
visit www.snaptutorial.com   ACC 205 Week 5 DQ 1
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ACC 205 Effective Communication / snaptutorial.com
ACC 205 Week 5 DQ 2 For more classes
visit www.snaptutorial.com   ACC 205 Week 5 DQ 2
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ACC 205 Effective Communication / snaptutorial.com
ACC 205 Week 5 Final Paper Paper (Boeing General
Electric Lowes Home) (3 Papers)   For more
classes visit www.snaptutorial.com   This
Tutorial contains 3 Papers Paper 1 Boeing Paper
2 General Electric Paper 3 Lowes Home
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ACC 205 Effective Communication / snaptutorial.com
ACC 205 Week 5 Final Paper Paper (Microsoft
StarBucks) (2 Papers)   For more classes
visit www.snaptutorial.com   This Tutorial
contains 2 Papers Paper 1 Microsoft Paper 2
StarBucks  
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ACC 205 Effective Communication / snaptutorial.com
ACC 205 Week 5 Final Paper Paper (Walmart,
Qualcomm) (2 Papers)   For more classes
visit www.snaptutorial.com   This Tutorial
contains 2 Papers Paper 1 Walmart Paper 2
Qualcomm   Final Paper
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ACC 205 Effective Communication / snaptutorial.com
ACC 205 Week 5 Journal Most Important Ratio
Journal For more classes visit www.snaptutoria
l.com   Most Important Ratio Journal Reflect for
a moment on the ratios (working capital, current
ratio, quick ratio, debt to asset, debt to
equity, times interest earned, gross margin and
net margin) presented this week.  If you were
considering investing in a
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ACC 205 Effective Communication / snaptutorial.com