acc 205 course enthusiastic study snaptutorial com n.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
ACC 205 course Enthusiastic Study/snaptutorial.com PowerPoint Presentation
Download Presentation
ACC 205 course Enthusiastic Study/snaptutorial.com

Loading in 2 Seconds...

play fullscreen
1 / 31

ACC 205 course Enthusiastic Study/snaptutorial.com - PowerPoint PPT Presentation


  • 2 Views
  • Uploaded on

For more classes visit\nwww.snaptutorial.com\n\nExercises 2. \n \n Basic computations. The following selected balances were extracted from the accounting records of Rossi Enterprises on December 31, 20X3:\na. Determine Rossi\'s total assets as of December 31.\nb. Determine the company\'s total liabilities as of December 31.\n

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'ACC 205 course Enthusiastic Study/snaptutorial.com' - DavisMurphyE4


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
acc 205 course enthusiastic study snaptutorial com 1

ACC 205 course Enthusiastic Study/snaptutorial.com

ACC 205 Week 1 Assignment Student Guidance Report

For more classes visit

www.snaptutorial.com

Exercises 2.    

 Basic computations. The following selected balances were extracted from the accounting records of Rossi Enterprises on December 31, 20X3:

acc 205 course enthusiastic study snaptutorial com 2

ACC 205 course Enthusiastic Study/snaptutorial.com

ACC 205 Week 1 Chapter 1 2 Quiz and Video Quiz

For more classes visit

www.snaptutorial.com

ACC 205 Week 1 Chapter 1,2 Quiz and Video Quiz

1. In accounting the concept of materiality refers to ________________.      

acc 205 course enthusiastic study snaptutorial com 3

ACC 205 course Enthusiastic Study/snaptutorial.com

ACC 205 Week 1 DQ 1 Accounting Equation

For more classes visit

www.snaptutorial.com

As you have learned in this week’s readings the Accounting Equation is + Owners’ Equity.  Is the accounting equation true in all instances?  Provide sample transactions from your own experiences to demonstrate the validity of the Accounting Equation.  

acc 205 course enthusiastic study snaptutorial com 4

ACC 205 course Enthusiastic Study/snaptutorial.com

ACC 205 Week 1 DQ 2 Accounts

For more classes visit

www.snaptutorial.com

What does the term “account” mean?  What are the different classifications of accounts?  How do the rules for Debits and Credits impact accounts?  Please provide an example of how debits and credits impact accounts.

acc 205 course enthusiastic study snaptutorial com 5

ACC 205 course Enthusiastic Study/snaptutorial.com

ACC 205 Week 1 Journal Balance Sheet Journal

For more classes visit

www.snaptutorial.com

Balance Sheet JournaThe Balance Sheet is a financial snap shot of a company at  a particular point in time.  The Balance Sheet lists the assets, liabilities,

acc 205 course enthusiastic study snaptutorial com 6

ACC 205 course Enthusiastic Study/snaptutorial.com

ACC 205 Week 2 Assignment Student Guidance Report

For more classes visit

www.snaptutorial.com

Exercise 4

4. Accounting for prepaid expenses and unearned revenues. Hawaii-Blue began business on January 1 of the current year and offers

acc 205 course enthusiastic study snaptutorial com 7

ACC 205 course Enthusiastic Study/snaptutorial.com

ACC 205 Week 2 Chapter 3 4 Quiz and Video Quiz

For more classes visit

www.snaptutorial.com

ACC 205 Week 2 Chapter 3,4 Quiz and Video Quiz

1. The accrual basis of accounting means_______________________.      

acc 205 course enthusiastic study snaptutorial com 8

ACC 205 course Enthusiastic Study/snaptutorial.com

ACC 205 Week 2 DQ 1 Accounting Cycle

For more classes visit

www.snaptutorial.com

Financial statements are a product of the accounting cycle.  Think about two different companies, one a manufacturing company, the other a retail company.  Why would different companies have different accounting cycles?  Would you expect the steps of the

acc 205 course enthusiastic study snaptutorial com 9

ACC 205 course Enthusiastic Study/snaptutorial.com

ACC 205 Week 2 DQ 2 Bank Reconciliation

For more classes visit

www.snaptutorial.com

What is the purpose of a bank reconciliation?  What are the reasons there are differences between the cash reported in the accounting records and the cash balance in the bank statements?

acc 205 course enthusiastic study snaptutorial com 10

ACC 205 course Enthusiastic Study/snaptutorial.com

ACC 205 Week 2 Journal Income Statement Journal

For more classes visit

www.snaptutorial.com

The Income Statement measures the income and expenses of a company over a specific period of time.  Reflecting on your personal financial statement for the past month, can you apply the principles of the Income Statement?  What did you learn from this

acc 205 course enthusiastic study snaptutorial com 11

ACC 205 course Enthusiastic Study/snaptutorial.com

ACC 205 Week 3 Assignment Student Guidance Report

For more classes visit

www.snaptutorial.com

Chapter 5, Exercise 1

Inventory errors and income measurement. The income statements of Keagle Company for 20X3 and 20X4 follow.

acc 205 course enthusiastic study snaptutorial com 12

ACC 205 course Enthusiastic Study/snaptutorial.com

ACC 205 Week 3 Chapter 5 6 Quiz and Video Quiz

For more classes visit

www.snaptutorial.com

ACC 205 Week 3 Chapter 5,6 Quiz and Video Quiz

  1. Gross Profit is ___________________.      

Question 2. 2. All of the following are considered part of inventory cost except__________.       

acc 205 course enthusiastic study snaptutorial com 13

ACC 205 course Enthusiastic Study/snaptutorial.com

ACC 205 Week 3 DQ 1 LIFO vs. FIFO

For more classes visit

www.snaptutorial.com

The controller of Sagehen Enterprises believes that the company should switch from the LIFO method to the FIFO method.  The controller’s bonus is based on the next income.  It is the controller’s belief that the switch in inventory methods would increase the

acc 205 course enthusiastic study snaptutorial com 14

ACC 205 course Enthusiastic Study/snaptutorial.com

ACC 205 Week 3 DQ 2 Depreciation

For more classes visit

www.snaptutorial.com

There is a variety of depreciation methods used to allocate the cost of an asset to all of the accounting periods benefited by the use of the asset.  Your client has just purchased a piece of equipment for $100,000.  Explain the concept of depreciation.  Which of the

acc 205 course enthusiastic study snaptutorial com 15

ACC 205 course Enthusiastic Study/snaptutorial.com

ACC 205 Week 3 Journal Inventory Journal

For more classes visit

www.snaptutorial.com

Reflect for a moment on the LIFO (Last in First Out) and FIFO (First in First Out) inventory methods. If you were starting a small manufacturing company, what inventory method do you believe would provide the most accurate financial statements? Why do you

acc 205 course enthusiastic study snaptutorial com 16

ACC 205 course Enthusiastic Study/snaptutorial.com

ACC 205 Week 4 Assignment Student Guidance Report

For more classes visit

www.snaptutorial.com

Chapter 7 Exercise 2 and 4

2.         Accrued liability: current portion of long-term debt. On July 1, 20X1, Hall Company borrowed $225,000 via a long-term loan.

acc 205 course enthusiastic study snaptutorial com 17

ACC 205 course Enthusiastic Study/snaptutorial.com

ACC 205 Week 4 Chapter 7 8 Quiz and Video Quiz

For more classes visit

www.snaptutorial.com

ACC 205 Week 4 Chapter 7,8 Quiz and Video Quiz

1. Current Liabilities are _____________________________. (Points : 1)

Question 2. 2. The Unearned Revenue account is used to record ____________________. (Points : 1)

acc 205 course enthusiastic study snaptutorial com 18

ACC 205 course Enthusiastic Study/snaptutorial.com

ACC 205 Week 4 DQ 1 Current Liability

For more classes visit

www.snaptutorial.com

What is a current liability?  From a user of financial statements perspective why do you believe current liabilities are separated from long-term liabilities?  Based on your current experience and any additional research you may have done provide two examples of

acc 205 course enthusiastic study snaptutorial com 19

ACC 205 course Enthusiastic Study/snaptutorial.com

ACC 205 Week 4 DQ 2 Client Recommendations

For more classes visit

www.snaptutorial.com

A client comes to you thinking about starting a consulting business.  Specifically your client is interested in what type of entity should be created for this new business.  Based on your readings or any additional research you may have done, discuss the advantages and

acc 205 course enthusiastic study snaptutorial com 20

ACC 205 course Enthusiastic Study/snaptutorial.com

ACC 205 Week 4 Journal Future Obligations Journal

For more classes visit

www.snaptutorial.com

The current liability section of the balance sheet lists the liabilities that are due within the next 12 months.  Reflecting on your current

acc 205 course enthusiastic study snaptutorial com 21

ACC 205 course Enthusiastic Study/snaptutorial.com

ACC 205 Week 5 Assignment Student Guidance Report

For more classes visit

www.snaptutorial.com

Chapter 9 Exercise 3

Liquidity ratios. Edison, Stagg, and Thornton have the following financial information at the close of business on July 10:

acc 205 course enthusiastic study snaptutorial com 22

ACC 205 course Enthusiastic Study/snaptutorial.com

ACC 205 Week 5 Chapter 9 Quiz and Video Quiz

For more classes visit

www.snaptutorial.com

ACC 205 Week 5 Chapter 9 Quiz and Video Quiz

Question 1. 1. Common-size financial statements means___________________.   

Question 2. 2. Vertical analysis of a financial statement involves_______________.   

acc 205 course enthusiastic study snaptutorial com 23

ACC 205 course Enthusiastic Study/snaptutorial.com

ACC 205 Week 5 DQ 1

For more classes visit

www.snaptutorial.com

ACC 205 Week 5 DQ 1

acc 205 course enthusiastic study snaptutorial com 24

ACC 205 course Enthusiastic Study/snaptutorial.com

ACC 205 Week 5 DQ 2

For more classes visit

www.snaptutorial.com

ACC 205 Week 5 DQ 2

acc 205 course enthusiastic study snaptutorial com 25

ACC 205 course Enthusiastic Study/snaptutorial.com

  • ACC 205 Week 5 Exercise Assignment Financial Ratios
  • For more classes visit
  • www.snaptutorial.com
  • 1.      Liquidity ratios. Edison, Stagg, and Thornton have the following financial information at the close of business on July 10:
  • Edison
  • Stagg
  • Thornton
acc 205 course enthusiastic study snaptutorial com 26

ACC 205 course Enthusiastic Study/snaptutorial.com

ACC 205 Week 5 Final Paper Paper (Boeing General Electric Lowes Home) (3 Papers)

For more classes visit

www.snaptutorial.com

This Tutorial contains 3 Papers

Paper 1: Boeing

acc 205 course enthusiastic study snaptutorial com 27

ACC 205 course Enthusiastic Study/snaptutorial.com

ACC 205 Week 5 Final Paper Paper (Microsoft StarBucks) (2 Papers)

For more classes visit

www.snaptutorial.com

This Tutorial contains 2 Papers

Paper 1: Microsoft

Paper 2: StarBucks

acc 205 course enthusiastic study snaptutorial com 28

ACC 205 course Enthusiastic Study/snaptutorial.com

ACC 205 Week 5 Final Paper Paper (Walmart, Qualcomm) (2 Papers)

For more classes visit

www.snaptutorial.com

This Tutorial contains 2 Papers

Paper 1: Walmart

Paper 2: Qualcomm

acc 205 course enthusiastic study snaptutorial com 29

ACC 205 course Enthusiastic Study/snaptutorial.com

ACC 205 Week 5 Journal Most Important Ratio Journal

For more classes visit

www.snaptutorial.com

Most Important Ratio Journal

Reflect for a moment on the ratios (working capital, current ratio, quick ratio, debt to asset, debt to equity, times interest earned, gross