ACC 423 UOP Course Tutorial / acc423dotcom

1. ACC 423 UOP Course Tutorial / acc290dotcom

2. ACC 423 UOP Course Tutorial ACC 423 Entire Course ACC 423 Week 1 Discussion Question 1 • ACC 423 Week 1 Discussion Question 1 • ACC 423 Week 1 Discussion Question 2 • ACC 423 Week 1 Individual Assignment Owners Equity Paper • ACC 423 Week 2 Discussion Question 1 • ACC 423 Week 2 Discussion Question 2 • ACC 423 Week 2 Individual WileyPLUS Assignment E15-13 (a,b) , P15-1 , E16-20 , P16-7 • Why do companies offer stock options? What is the experience of either your organization or an organization that you are familiar with when it comes to stock option compensation? Should stock option compensation be included as an expense when calculating an organization’s net income?

3. ACC 423 UOP Course Tutorial ACC 423 Week 1 Discussion Question 2 ACC 423 Week 1 Individual Assignment • What are the differences between basic and diluted earnings per share? What are the differences between the numerator and the denominator in the basic and diluted earnings per share calculations? What actions can an organization take in order to improve their earnings per share? • Why is it important to keep paid-in capital separate from earned capital? • As an investor, is paid-in capital or earned capital more important? Explain why. • As an investor, are basic or diluted earnings per share more important? Explain why.

4. ACC 423 UOP Course Tutorial ACC 423 Week 2 Discussion Question 1 ACC 423 Week 2 Discussion Question 2 • What are the differences between traditional and derivative instruments? Why do companies use derivative instruments? Explain whether or not derivatives are a good investment. What experience do you have with either traditional or derivative instruments in your organization or an organization that you are familiar with? • Why do companies make investments in other companies? What are the differences between debt and equity investments? What is the experience of either your organization or an organization that you are familiar with when it comes to debt and/or equity investments?

5. ACC 423 UOP Course Tutorial ACC 423 Week 2 Individual WileyPLUS Assignment ACC 423 Week 2 Learning Team Assignment • Resource:Intermediate Accounting • Preparewritten responses to the following assignments from the text: • Ch.15: Excercise E15-13 (a&b) and Problem P15-1 • Ch.16: Exercise E16-20 and Problem P16-7 • Resource:Intermediate Accounting • Preparewritten responses to the following assignments from the text: • Ch. 15: Problem P15-3 • Ch. 16: Problems P16-6&P16-8 and Concepts for Analysis CA16-4

6. ACC 423 UOP Course Tutorial ACC 423 Week 2 Learning Team Reflection ACC 423 Week 3 Discussion Question 1 • Distinguish between paid-in and earned capital. • Record journal entries related to common, preferred, and treasury stock. • Record journal entries related to the various types of dividends. • Calculate basic and diluted earnings per share (EPS). • Why are there differences between taxable and financial income? What are some examples of permanent and temporary differences? Why do these differences exist? How do they affect the financial statements? What experience do you have with either taxable and financial income

7. ACC 423 UOP Course Tutorial ACC 423 Week 3 LT Reflection Summary ACC 423 Week 4 Discussion Question 1 • Discuss the objectives for ACC 423 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. • 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?

8. ACC 423 UOP Course Tutorial ACC 423 Week 4 Discussion Question 2 ACC 423 Week 4 LT Reflection Summary • 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 assumption work? • Reflection and Financial Reporting Problem Part I. • Discuss the objectives for ACC 423 Week Three. How do they relate to the practice of accounting and its uses in business? Prepare closing entries, reversing entries, and a post closing trial balance.

9. ACC 423 UOP Course Tutorial ACC 423 Week 4 Team Assignment ACC 423 Week 4 Wiley Plus Individual Assignment • What are the company’s total assets at the end of its most recent annual reporting period? Why is this important? • What are the total assets at the end of the previous annual reporting period? • Complete the following in WileyPLUS: Problem P4-8A

10. ACC 423 UOP Course Tutorial ACC 423 Week 5 Discussion Question 1 ACC 423 week 5 Individual Assignment • What is the control environment? How does the control environment affect a company’s 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? • 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 423 Week Four.

11. ACC 423 UOP Course Tutorial ACC 423 Week 5 Reflection Summary ACC 423 Week 5 Wiley Plus Individual Assignment • Reflection and Financial Reporting Problem Part II. • Discuss the objectives for ACC 423 Week Four. In the wake of accounting scandals over the past several years, how has the Sarbanes-Oxley Act (SOX) of 2002 affected the practice of accounting? • Complete the following in WileyPLUS: Brief Exercise BE5-1, Brief Exercise BE5-2, Brief Exercise BE6-5, Brief Exercise BE6-7, Brief Exercise BE7-4, and Brief Exercise BE7-6

12. ACC 423 UOP Course Tutorial Accounting 290 Week 1 Discussion Question Two Accounting 290 Week 2 LT Reflection Summary • 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? • Discuss the objectives for ACC 423 Week One. How do they relate to the practice of accounting and its uses in business? Identify the four basic financial statements. Classify transactions using the rules of debit and credit. Journalize basic transactions.

13. ACC 423 UOP Course Tutorial