ACC 290 Great Wisdom - snaptutorial.com

1
ACC 290 Great Wisdom - snaptutorial.com
2
ACC 290 Great Wisdom - snaptutorial.com
ACC 290 Final Exam Guide (New, 2018, 100
Score)   For more classes visit www.snaptutorial.c
om   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.      
3
ACC 290 Great Wisdom - snaptutorial.com
ACC 290 Week 1 Apply Connect Exercise   For
more classes visit www.snaptutorial.com     ACC
290 Week 1 Apply Connect Exercise   Review the
Knowledge Check in preparation for this
assignment.   Complete the Week 1 Exercise in
Connect.      
4
ACC 290 Great Wisdom - 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      
5
ACC 290 Great Wisdom - 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      
6
ACC 290 Great Wisdom - 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?      
7
ACC 290 Great Wisdom - 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      
8
ACC 290 Great Wisdom - snaptutorial.com
ACC 290 Week 1 Practice Connect Knowledge
Check   For more classes visit www.snaptutorial.co
m     ACC 290 Week 1 Practice Connect Knowledge
Check Complete the Week 1 Knowledge Check in
Connect. Note You have unlimited
attempts available to complete this practice
assignment. The highest scored attempt will be
recorded.      
9
ACC 290 Great Wisdom - 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.      
10
ACC 290 Great Wisdom - 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      
11
ACC 290 Great Wisdom - 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      
12
ACC 290 Great Wisdom - snaptutorial.com
ACC 290 Week 2 Apply Connect Exercise   For
more classes visit www.snaptutorial.com     ACC
290 Week 2 Apply Connect Exercise Review the
Knowledge Check in preparation for this
assignment.   Complete the Week 2 Exercise in
Connect.        
13
ACC 290 Great Wisdom - 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?      
14
ACC 290 Great Wisdom - 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 Write a 150- to 200-word individual
response to the following Consider the
multiple definitions of collaboration.      
15
ACC 290 Great Wisdom - 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
16
ACC 290 Great Wisdom - 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?      
17
ACC 290 Great Wisdom - 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.      
18
ACC 290 Great Wisdom - 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.        
19
ACC 290 Great Wisdom - 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?
     
20
ACC 290 Great Wisdom - snaptutorial.com
ACC 290 Week 2 Practice Connect Knowledge
Check   For more classes visit www.snaptutorial.co
m     ACC 290 Week 2 Practice Connect Knowledge
Check Complete the Week 2 Knowledge Check in
Connect.      
21
ACC 290 Great Wisdom - 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      
22
ACC 290 Great Wisdom - 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        
23
ACC 290 Great Wisdom - 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 BYP 2-2  
24
ACC 290 Great Wisdom - snaptutorial.com
ACC 290 Week 3 Apply Connect Exercise   For
more classes visit www.snaptutorial.com     ACC
290 Week 3 Apply Connect Exercise   Review the
Knowledge Check in preparation for this
assignment.   Complete the Week 3 Exercise in
Connect.      
25
ACC 290 Believe Possibilities - 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      
26
ACC 290 Great Wisdom - 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
     
27
ACC 290 Believe Possibilities - 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
     
28
ACC 290 Great Wisdom - 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?      
29
ACC 290 Great Wisdom - snaptutorial.com
ACC 290 Week 3 Practice Connect Knowledge
Check   For more classes visit www.snaptutorial.co
m     ACC 290 Week 3 Practice Connect Knowledge
Check   Complete the Week 3 Knowledge Check in
Connect.      
30
ACC 290 Great Wisdom - 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. Question 2      
31
ACC 290 Great Wisdom - snaptutorial.com
ACC 290 Week 3 Problem 5-5A (Simon Company)   For
more classes visit www.snaptutorial.com     Purpos
e of Assignment The purpose of this assignment
is to help you become familiar with the parts of
the multiple-step income statement. Assignment
Steps      
32
ACC 290 Great Wisdom - 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      
33
ACC 290 Great Wisdom - 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      
34
ACC 290 Great Wisdom - snaptutorial.com
ACC 290 Week 4 Apply Connect Exercise   For
more classes visit www.snaptutorial.com     ACC
290 Week 4 Apply Connect Exercise   Review the
Knowledge Check in preparation for this
assignment.   Complete the Week 4 Exercise in
Connect.      
35
ACC 290 Great Wisdom - 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      
36
ACC 290 Great Wisdom - 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      
37
ACC 290 Great Wisdom - 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      
38
ACC 290 Great Wisdom - 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       
39
ACC 290 Great Wisdom - snaptutorial.com
ACC 290 Week 4 Practice Connect Knowledge
Check   For more classes visit www.snaptutorial.co
m     ACC 290 Week 4 Practice Connect Knowledge
Check   Complete the Week 4 Knowledge Check in
Connect.      
40
ACC 290 Great Wisdom - 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.      
41
ACC 290 Great Wisdom - 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      
42
ACC 290 Great Wisdom - 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      
43
ACC 290 Great Wisdom - snaptutorial.com
ACC 290 Week 4Evaluate 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
     
44
ACC 290 Great Wisdom - snaptutorial.com
ACC 290 Week 5 Apply Connect Exercise   For
more classes visit www.snaptutorial.com     ACC
290 Week 5 Apply Connect Exercise   Review the
Knowledge Check in preparation for this
assignment.   Complete the Week 5 Exercise in
Connect.      
45
ACC 290 Great Wisdom - 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      
46
ACC 290 Great Wisdom - 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?      
47
ACC 290 Great Wisdom - snaptutorial.com
ACC 290 Week 5 Learning Team Reflection
Summary   For more classes visit www.snaptutorial.
com   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      
48
ACC 290 Great Wisdom - snaptutorial.com
ACC 290 Week 5 Practice Connect Knowledge
Check   For more classes visit www.snaptutorial.co
m     ACC 290 Week 5 Practice Connect Knowledge
Check   Complete the Week 5 Knowledge Check in
Connect.   Note You have unlimited attempts
available to complete this practice assignment.
The highest scored attempt will be
recorded.        
49
ACC 290 Great Wisdom - 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
     
50
ACC 290 Great Wisdom - 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.snaptutorial.com
    Assignment Week 5 Assignment Complete the
following Week 5 Assignment IFRS Practice
Question 1      
51
ACC 290 Great Wisdom - 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 What are the
companys total assets at the end of its most
recent      
52
ACC 290 Great Wisdom - 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
53
ACC 290 Great Wisdom - snaptutorial.com