ACC 225 UOP Courses / Tutorialrank
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ACC 225
Financial Accounting
Week One: Accounting Information and Financial Statements
Discussion Questions
CheckPoint: Financial Statements
Exercises: Accounting and Business Organizations
Week Two: Business Transactions
CheckPoint: Debits and Credits
Assignment: Preparing Journal Entries and Trial Balances
Week Three: Preparing Financial Statements
Discussion Questions
CheckPoint: Adjustments and Accrual and Cash Basis Accounting
Week Four: Completing the Accounting Cycle
CheckPoint: Preparing Balance Sheets and Statements
Assignment: Preparing Entries and Statements
Week Five: Merchandising Accounting
Discussion Questions
CheckPoint: Inventory Systems and Calculating Revenues, Expenses, and Income
Week Six: Inventory
CheckPoint: Computing Inventory Balances and Lower of Cost or Market
Assignment: Estimating Inventory and Preparing Multiple Step and Single Step Income Statements
Week Seven: Accounting Information Systems and Special Journals
Discussion Questions
CheckPoint: Accounting Information Systems and Special Journals
Week Eight: Cash and Internal Controls
CheckPoint: Internal Control and Bank Reconciliations
Assignment: Internal Control and Bank Reconciliations
Week Nine: Applying the Accounting Cycle
Capstone Discussion Question
Final Project: Comprehensive Problem Perpetual
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ACC 225 Week 1 Checkpoint Financial Statements(UOP)
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· Resource: Fundamental Accounting Principles, Ch. 1
· Due Date: Day 5 [post to the Individual forum]
· Consider that you have been asked to explain financial statements to someone who
knows nothing about accounting.
· Review the information on financial statements in Ch. 1 of Fundamental Accounting
Principles.
· Discuss, in 200 300 words, each of the four financial statements. Explain the different
components of the statements as well as what the statements tell about a business.
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ACC 225 Week 1 DQ 1 and DQ 2(UOP)
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· Due Date: Day 2 [post to the Main forum]
· Post your response to the following: Interview a friend or family member about his/her
work environment. Is his/her organization a sole proprietorship, partnership, or
corporation? Who is involved with the accounting decisions and information? In what
ways is your friend or family member affected by the accounting information?
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ACC 225 Week 1 Exercise Accounting and Business Organizations(UOP)
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Exercises: Accounting and Business Organizations
· Resource: Fundamental Accounting Principles, p. 30
· Due Date: Day 5
· Post your answers to Exercises 1 1 and 1 4.
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ACC 225 Week 2 Assignment Preparing Journal Entries and Trial Balances(UOP)
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Assignment: Preparing Journal Entries and Trial Balances
· Resource: Fundamental Accounting Principles, pp. 76 and 80
· Due Date: Day 7 [Individual] forum
· Complete Exercises 2 4 and 2 5 on p. 76 and Problem 2 2A on p. 80.
· Post your answers as an attachment.
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ACC 225 Week 2 CheckPoint Debits and Credits(UOP)
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CheckPoint: Debits and Credits
· Resource: Fundamental Accounting Principles, p. 74
· Due Date: Day 4 [Individual] forum
· Post your answers to Quick Study questions QS 2 3, QS 2 4, and QS 2 5.
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ACC 225 Week 3 Checkpoint Adjustments and Accrual and Cash Basis Accounting(UOP)
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CheckPoint: Adjustments and Accrual and Cash Basis Accounting
· Resource: Fundamental Accounting Principles, pp. 116 118 and 120
· Due Date: Day 5 [Individual] forum
· Complete Quick Study questions QS 3 1 and QS 3 9 on pp. 116 and 117 and Exercises
3 1 and 3 7 on pp. 118 and 120.
· Post your answers as an attachment.
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ACC 225 Week 3 DQ 1 and DQ 2(UOP)
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· Due Date: Day 2 [Main] forum
· Post your response to the following:
o What is the difference between cash basis and accrual basis accounting?
o Why do accrual basis financial statements provide more useful information than
cash basis financial statements?
o Describe when each method (cash basis and accrual basis accounting) would be
appropriate to use.
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ACC 225 Week 4 Assignment Preparing Entries and Statements(UOP)
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Assignment: Preparing Entries and Statements
· Resources: Fundamental Accounting Principles, pp. 165 167
· Due Date: Day 7 [Individual] forum
· Complete Problems 4 5A and 4 6A. When responding to the analysis component of 4
5A, be sure to think critically about the possible errors that are described. In your answer,
be sure to carefully analyze the worksheet as if the errors were made and present the
evidence for your explanation. Identify the consequences of the errors and describe their
impact on the financial statements. Explain whether the error is likely to be discovered
when completing the worksheet.
· Post your answers as an attachment.
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ACC 225 Week 4 Checkpoint Preparing Balance Sheets and Statements(UOP)
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CheckPoint: Preparing Balance Sheets and Statements
· Resource: Fundamental Accounting Principles, pp. 156 and 159
· Due Date: Day 4 [Individual] forum
· Complete Quick Study question QS 4 2 on p. 156 and Exercises 4 4 and 4 5 on p. 159.
· Post your answers as an attachment.
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ACC 225 Week 5 Checkpoint Inventory Systems and Calculating Revenues, Expenses, and Income(UOP)
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CheckPoint: Inventory Systems and Calculating Revenues, Expenses, and Income
· Resource: Fundamental Accounting Principles, pp. 206, 208, and 209.
· Due Date: Day 5 [Individual] forum
· Complete Quick Study question QS 5 8 on p. 206 and Exercises 5 9 and 5 13 on pp.
208 209.
· Post your answers as an attachment.
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ACC 225 Week 5 DQ 1 and DQ 2(UOP)
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Discussion Question 1
· Due Date: Day 2 [Main] forum
· Post your response to the following: Find the financial statements of a service company
and of a merchandising company: http://highered.mcgrawhill.
com/sites/0072512431/student_view0/chapter1/text_company_links.html
What items appear on the merchandising company statements that don’t appear on the
service company statements? Why is there a difference?
Discussion Question 2
· Due Date: Day 4 [Main] forum
· Post your response to the following: Read the BTN5 3 Ethics Challenge on p. 218 of the
text. Discuss the ethics of what Amy is doing. Are there any consequences to her
actions? How does the store account for Amy’s returns?
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ACC 225 Week 6 Assignment Estimating Inventory and Preparing Multiple Step and Single Step Income(UOP)
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Assignment: Estimating Inventory and Preparing Multiple Step and Single Step Income
Statements
· Resource: Fundamental Accounting Principles, pp. 251 and 256
· Due Date: Day 7 [Individual] forum
· Complete Problems 5 4A on p. 212, 6 1A on p. 251, and 6 6B and 6 7B on p. 256.
· Post your answers as an attachment.
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ACC 225 Week 6 Checkpoint Computing Inventory Balances and Lower of Cost or Market(UOP)
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CheckPoint: Computing Inventory Balances and Lower of Cost or Market
· Resource: Fundamental Accounting Principles, pp. 247 249
· Due Date: Day 4 [Individual] forum
· Complete Quick Study question QS 6 1 on p. 247 and Exercises 6 1 and 6 5 on pp. 248
and 249.
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ACC 225 Week 7 Checkpoint Accounting Information Systems and Special Journals(UOP)
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CheckPoint: Accounting Information Systems and Special Journals
· Resource: Fundamental Accounting Principles, pp. 289, 290, and 291
· Due Date: Day 5 [Individual] forum
· Complete Quick Study questions QS 7 1 and QS 7 3 on p. 289, and Exercises 7 1, 7 4,
7 7, and 7 10 on pp. 290 291.
· Post your answers as an attachment.
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ACC 225 Week 7 DQ 1 and DQ 2(UOP)
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Discussion Question 1
· Due Date: Day 2 [Main] forum
· Post your response to the following: Megagrocer is a grocery chain that operates five
stores. The stores are supplied with produce, meat, dairy, and dry goods by six separate
vendors. In addition to the stores, Megagrocer maintains an ecommerce site through
which customers can order and pay for groceries. The groceries are packed and
delivered to customers from one of the five stores in a Megagrocer van by that store’s
personnel. Think about the accounting information systems that Megagrocer might use.
o What types of source documents might be collected by Megagrocer to be processed
by its accounting information systems?
o Why are those documents important?
Discussion Question 2
· Due Date: Day 4 [Main] forum
· Post your response to the following: Choose a popular merchandise or service company.
How might the company use accounting information systems? In what ways do these
systems benefit the company? In what ways might the systems be challenging for the
company?
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ACC 225 Week 8 Assignment Internal Control and Bank Reconciliations(UOP)
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Assignment: Internal Control and Bank Reconciliations
· Resource: Fundamental Accounting Principles, pp. 338 and 339
· Due Date: Day 7 [Individual] forum
· Complete Problems 8 1A, 8 3A, and 8 4A (including the Analysis Component) on pp.
338 339. When responding to the cases in 8 1A, be sure to think critically about each
case. Identify the principles of internal control that has been violated, and give an
explanation of why you think that principle has been violated. Identify the consequences
of the actions described in the cases. Make a recommendation for what the business
should do to ensure adherence to principles of internal control.
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ACC 225 Week 8 Checkpoint Internal Control and Bank Reconciliations(UOP)
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· Resource: Fundamental Accounting Principles, pp. 335 and 336
· Due Date: Day 4 [Individual] forum
· Complete Quick Study question QS 8 6 on p. 335, and Exercises 8 3 and 8 4 on p. 336.
· Post your answers as an attachment.
of the actions described in the cases. Make a recommendation for what the business
should do to ensure adherence to principles of internal control.
· Use the spreadsheet in Appendix B available on aXcess to complete Problem 8 4A. Be
sure to use the tabs labeled SP08 04A and Given P08 04A
· Post your answers as an attachment.
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ACC 225 Week 9 Capstone DQ(UOP)
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Capstone Discussion Question
· Due Date: Day 3 [Main] forum
· Post your response to the following: A major network is launching a reality program
called The Accountant. A group of recent accounting graduates will be competing for a
spot in a national accounting firm. What would make someone a good candidate for The
Accountant? Describe three challenges the candidates should complete on the program,
using as much detail as you can.
The challenges should test contestants’ skill in challenges related to topics covered in
this course. Be creative. Describe how the challenge will test the contestant’s accounting
skill(s) and knowledge as well as the skills the contestant should have to complete each
challenge successfully.
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ACC 225 Week 9 Final Project Comprehensive Problem Perpetual(UOP)
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Final Project: Comprehensive Problem Perpetual
· Resources: Appendix A, Fundamental Accounting Principles, p. 301, and Appendix C
· Due Date: Day 7 [Individual] forum
· Complete the Comprehensive Problem Perpetual. In this project, follow the steps of the
accounting cycle to process given transactions in a business environment. Then,
synthesize special journals, a trial balance, financial statements, and a post closing trial
balance.
· Use the spreadsheet in Appendix C available on aXcess to complete the problems. Be
sure to use the tabs labeled P07C and Given P07C.
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