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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. resources belonging to a company that have future benefit to the company. – PowerPoint PPT presentation

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Title: ACC 290 Marvelous Teaching / snaptutorial.com


1
ACC 290 Marvelous Teaching / snaptutorial.com
2
ACC 290 Marvelous Teaching / snaptutorial.com
ACC 290 Final Exam Guide (New, 2019, 100
Score)   For more classes visit www.snaptutorial.c
om   Question 1   The best definition of assets
is the  
3
ACC 290 Marvelous Teaching / snaptutorial.com
ACC 290 Week 1 Apply Connect Exercise   For
more classes visit www.snaptutorial.com     ACC
290 Week 1 Apply Connect Exercise  
4
ACC 290 Marvelous Teaching / 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
5
ACC 290 Marvelous Teaching / 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,
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ACC 290 Marvelous Teaching / 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
7
ACC 290 Marvelous Teaching / 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.
8
ACC 290 Marvelous Teaching / 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
9
ACC 290 Marvelous Teaching / 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 Marvelous Teaching / 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 Marvelous Teaching / 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
12
ACC 290 Marvelous Teaching / 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 assignme
13
ACC 290 Marvelous Teaching / 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  
14
ACC 290 Marvelous Teaching / 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
15
ACC 290 Marvelous Teaching / 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?
16
ACC 290 Marvelous Teaching / 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 Marvelous Teaching / 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?    

18
ACC 290 Marvelous Teaching / 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.  
19
ACC 290 Marvelous Teaching / 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?  
20
ACC 290 Marvelous Teaching / 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?
21
ACC 290 Marvelous Teaching / 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.
22
ACC 290 Marvelous Teaching / 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
23
ACC 290 Marvelous Teaching / snaptutorial.com
ACC 290 Week 2 Vocabulary Activity   For more
classes visit www.snaptutorial.com   WileyPLUS
Assignment Week 2 Vocabulary Activity   Resource
WileyPLUS  
24
ACC 290 Marvelous Teaching / 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
25
ACC 290 Marvelous Teaching / 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.
26
ACC 290 Marvelous Teaching / 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
27
ACC 290 Marvelous Teaching / 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
28
ACC 290 Marvelous Teaching / 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
29
ACC 290 Marvelous Teaching / 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  
30
ACC 290 Marvelous Teaching / 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.
31
ACC 290 Marvelous Teaching / 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 Marvelous Teaching / snaptutorial.com
ACC 290 Week 3 Vocabulary Activity   For more
classes visit www.snaptutorial.com     WileyPLUS
Assignment Week 3 Practice Quiz
33
ACC 290 Marvelous Teaching / 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
34
ACC 290 Marvelous Teaching / 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
35
ACC 290 Marvelous Teaching / 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 Marvelous Teaching / 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
37
ACC 290 Marvelous Teaching / 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
38
ACC 290 Marvelous Teaching / 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
39
ACC 290 Marvelous Teaching / 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 Marvelous Teaching / 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
41
ACC 290 Marvelous Teaching / 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
42
ACC 290 Marvelous Teaching / 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
43
ACC 290 Marvelous Teaching / 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
44
ACC 290 Marvelous Teaching / 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.  
45
ACC 290 Marvelous Teaching / 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 co
46
ACC 290 Marvelous Teaching / 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  
47
ACC 290 Marvelous Teaching / 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
48
ACC 290 Marvelous Teaching / 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 interpre
49
ACC 290 Marvelous Teaching / 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. ACC 290 Week 5 Apply Connect
Exercise   Review the Knowledge Check in
preparation for this assignment
50
ACC 290 Marvelous Teaching / 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
51
ACC 290 Marvelous Teaching / 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.
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ACC 290 Marvelous Teaching / snaptutorial.com
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