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John Clinton, owner of Clinton Company, applied for a bank loan and was informed by the banker that audited financial statements of the business had to be submitted before the bank could consider the loan application. Clinton then – PowerPoint PPT presentation

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Title: ACC 290 Inspiring Communication / snaptutorial.com


1
ACC 290 Inspiring Communication / snaptutorial.com
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ACC 290 Inspiring Communication / 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     collections of resources belonging
to the company and the claims on these resources.
3
ACC 290 Inspiring Communication / 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 a
4
ACC 290 Inspiring Communication / 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 Inspiring Communication / snaptutorial.com
ACC 290 Week 1 Discussion Question 1 To Purchase
This Material Click below Link 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? E
6
ACC 290 Inspiring Communication / snaptutorial.com
  ACC 290 Week 1 Discussion Question 2 To
Purchase This Material Click below Link 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
7
ACC 290 Inspiring Communication / snaptutorial.com
ACC 290 Week 1 Individual Assignment Financial
Statements Paper   For more classes
visit www.snaptutorial.com   Individual -
Financial Statements Paper - Prep
8
ACC 290 Inspiring Communication / 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 Inspiring Communication / 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.               Current assets are economic
resources that are expected
10
ACC 290 Inspiring Communication / 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 i
11
ACC 290 Inspiring Communication / 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
12
ACC 290 Inspiring Communication / 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.   Note You have only one attempt
available to complete this assignment.   Grades
must be transferred manually to eCampus by your
instructor. Dont worry, this might happen after
your due date.
13
ACC 290 Inspiring Communication / 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 Inspiring Communication / 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. Define
collaboration and how you will ap
15
ACC 290 Inspiring Communication / 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?
16
ACC 290 Inspiring Communication / 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 Inspiring Communication / 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.  
18
ACC 290 Inspiring Communication / 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?  
19
ACC 290 Inspiring Communication / 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 ba
20
ACC 290 Inspiring Communication / 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.   Note You have unlimited attempts
available to complete this practice assignment.
The highest scored attempt wi
21
ACC 290 Inspiring Communication / 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
22
ACC 290 Inspiring Communication / snaptutorial.com
ACC 290 Week 2 Vocabulary Activity   For more
classes visit www.snaptutorial.com   WileyPLUS
Assignment Week 2 Vocabulary Activity
23
ACC 290 Inspiring Communication / snaptutorial.com
ACC 290 Week 2 Vocabulary Activity   For more
classes visit www.snaptutorial.com   WileyPLUS
Assignment Week 2 Vocabulary Activity
24
ACC 290 Inspiring Communication / snaptutorial.com
ACC 290 Week 2 Vocabulary Activity   For more
classes visit www.snaptutorial.com   WileyPLUS
Assignment Week 2 Vocabulary Activity
25
ACC 290 Inspiring Communication / snaptutorial.com
ACC 290 Week 2 Vocabulary Activity   For more
classes visit www.snaptutorial.com   WileyPLUS
Assignment Week 2 Vocabulary Activity
26
ACC 290 Inspiring Communication / snaptutorial.com
ACC 290 Week 2 Vocabulary Activity   For more
classes visit www.snaptutorial.com   WileyPLUS
Assignment Week 2 Vocabulary Activity
27
ACC 290 Inspiring Communication / snaptutorial.com
ACC 290 Week 2 Vocabulary Activity   For more
classes visit www.snaptutorial.com   WileyPLUS
Assignment Week 2 Vocabulary Activity
28
ACC 290 Inspiring Communication / 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
29
ACC 290 Inspiring Communication / 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.  
30
ACC 290 Inspiring Communication / 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? Q 4.2 If a company
spends 12 million dollars for a warehouse, when
should the cost be written off? Q 4.3 If an
expense has been used or consumed but a b
31
ACC 290 Inspiring Communication / 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? Q 4.2 If a company
spends 12 million dollars for a warehouse, when
should the cost be written off? Q 4.3 If an
expense has been used or consumed but a b
32
ACC 290 Inspiring Communication / 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? Q 4.2 If a company
spends 12 million dollars for a warehouse, when
should the cost be written off? Q 4.3 If an
expense has been used or consumed but a b
33
ACC 290 Inspiring Communication / 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.
34
ACC 290 Inspiring Communication / snaptutorial.com
  For more classes visit www.snaptutorial.com   Wh
at 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?  
35
ACC 290 Inspiring Communication / 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? Q 4.2 If a company
spends 12 million dollars for a warehouse, when
should the cost be written off? Q 4.3 If an
expense has been used or consumed but a b
36
ACC 290 Inspiring Communication / 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? Q 4.2 If a company
spends 12 million dollars for a warehouse, when
should the cost be written off? Q 4.3 If an
expense has been used or consumed but a b
37
ACC 290 Inspiring Communication / 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
38
ACC 290 Inspiring Communication / 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
39
ACC 290 Inspiring Communication / 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
40
ACC 290 Inspiring Communication / 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
41
ACC 290 Inspiring Communication / 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
42
ACC 290 Inspiring Communication / 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
43
ACC 290 Inspiring Communication / 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
44
ACC 290 Inspiring Communication / 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
45
ACC 290 Inspiring Communication / 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
46
ACC 290 Inspiring Communication / 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 IFRS Practice Question 2 Brief
Exercise 6-5
47
ACC 290 Inspiring Communication / 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  
48
ACC 290 Inspiring Communication / 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
49
ACC 290 Inspiring Communication / 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.  
50
ACC 290 Inspiring Communication / 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
51
ACC 290 Inspiring Communication / snaptutorial.com
    ACC 290 Week 4/5 Individual Assignment
Financial Reporting Problem Part II (2
Different Papers)   For more classes
visit www.snaptutorial.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
52
ACC 290 Inspiring Communication / snaptutorial.com
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