ACC 205 NEW Tutorial Course/Uoptutorial - PowerPoint PPT Presentation

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ACC 205 NEW Tutorial Course/Uoptutorial

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  1. ACC 205 NEW Courses For more course tutorials visit www.uoptutorial.com Get Ready to grant success at exam by shop at uoptutorial

  2. ACC 205 NEW Courses ACC 205 ENTIRE COURSE(NEW) ACC 205 WEEK 1 DQ 1 ACCOUNTING EQUATION (NEW) • ACC 205 Week 1 DQ 1 Accounting Equation • ACC 205 Week 1 DQ 2 Accounts • Accounting Equation • As you have learned in this week’s readings the Accounting Equation is + Owners’ Equity.

  3. ACC 205 NEW Courses ACC 205 WEEK 1 DQ 2 ACCOUNTS (NEW) ACC 205 WEEK 1 EXERCISE ASSIGNMENT BASIC ACCOUNTING EQUATIONS(NEW) • Accounts • What does the term “account” mean? • Week One Assignment • 1) Basic concepts. Jean's Marine Supply specializes in the sale of boating equipment and acces¬sories. Identify the items that follow as an asset (A)

  4. ACC 205 NEW Courses ACC 205 WEEK 1 JOURNAL BALANCE SHEET JOURNAL (NEW) ACC 205 WEEK 2 DQ 1 ACCOUNTING CYCLE(NEW) • Balance Sheet Journal The Balance Sheet is a financial snap shot of a company • ACC 205 Week 2 DQ 1 • Accounting Cycle • Financial statements are a product of the accounting cycle.

  5. ACC 205 NEW Courses ACC 205 WEEK 2 DQ 2 BANK RECONCILIATION(NEW) ACC 205 WEEK 2 EXERCISE ASSIGNMENT REVENUE AND EXPENSES(NEW) • Bank Reconciliation • What is the purpose of a bank reconciliation? • 1. Recognition of concepts. Ron Carroll operates a small company that books entertainers for theaters, parties, conventions, and so forth.

  6. ACC 205 NEW Courses ACC 205 WEEK 2 JOURNAL INCOME STATEMENT JOURNAL(NEW) ACC 205 WEEK 3 DQ 1 LIFO VS. FIFO(NEW) • Income Statement Journal The Income Statement measures the income and expenses of a company over a specific period of time. • LIFO vs. FIFO • The controller of Sagehen Enterprises believes that the company should switch from the LIFO method to the FIFO method.

  7. ACC 205 NEW Courses ACC 205 WEEK 3 DQ 2 DEPRECIATION(NEW) ACC 205 WEEK 3 EXERCISE ASSIGNMENT INVENTORY(NEW) • Depreciation • There is a variety of depreciation methods used to allocate the cost of an asset to all of the accounting periods • 1. Specific identification method. Boston Galleries uses the specific identification method for inventory valuation. Inventory information for several oil paintings follows.

  8. ACC 205 NEW Courses ACC 205 WEEK 3 JOURNAL INVENTORY JOURNAL(NEW) ACC 205 WEEK 4 DQ 1 CURRENT LIABILITY(NEW) • Inventory Journal Reflect for a moment on the LIFO (Last in First Out) and FIFO (First in First Out) inventory methods. • Current Liability • What is a current liability?

  9. ACC 205 NEW Courses ACC 205 WEEK 4 DQ 2 CLIENT RECOMMENDATIONS(NEW ACC 205 WEEK 4 EXERCISE ASSIGNMENT LIABILITY(NEW) • Client Recommendations • 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. • Week Four Exercise Assignment Liability

  10. ACC 205 NEW Courses ACC 205 WEEK 4 JOURNAL FUTURE OBLIGATIONS JOURNAL(NEW) ACC 205 WEEK 5 DQ 1 (NEW) • Future Obligations Journal The current liability section of the balance sheet lists the liabilities that are due within the next 12 months. • ACC 205 Week 5 DQ 1

  11. ACC 205 NEW Courses ACC 205 WEEK 5 EXERCISE ASSIGNMENT FINANCIAL RATIOS(NEW) ACC 205 WEEK 5 JOURNAL MOST IMPORTANT RATIO JOURNAL(NEW) • Week Five Exercise Assignment • Financial Ratios • 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

  12. ACC 205 NEW Courses For more course tutorials visit www.uoptutorial.com Get Ready to grant success at exam by shop at uoptutorial