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ACCT 212 Education for Service-- snaptutorial.com.

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1 ACCT 212 Education for Service-- snaptutorial.com

2 ACCT 212 Course Project (Includes both Course project) ­For more classes visits www.snaptutorial.com This course has two course projects due. The first, Course Project 1, reinforces the basic principles of accounting and application of the accounting information system. It is completed in two parts. The second, Course Project 2, is an opportunity to show the ability to analyze financial statements to arrive at conclusions based upon the analysis.

3 ACCT 212 Education for Service-- snaptutorial.com ACCT 212 Entire Course ­For more classes visits www.snaptutorial.com ACCT 212 Course Project ACCT 212 Week 4 Midterm ACCT 212 Week 1-7 All Discussion Questions Week 1 DQ1 Financial Statements Week 2 DQ1 Prepaid Expenses vs. Unearned Revenue Week 2DQ2 Accrual vs. Cash Accounting Week 3DQ1 Ethical Business Decisions

4 ACCT 212 Education for Service-- snaptutorial.com ACCT 212 Final Exam (3 Different Sets) For more classes visits www.snaptutorial.com This Tutorial contains 3 Different Sets, See Details Below Set 1 At the end of the period it is necessary to close all temporary accounts. (1) Explain why this process is required (10 points) and (2) provide an example of the closing of an expense account, Supplies Expense in the form of a journal entry

5 ACCT 212 Education for Service-- snaptutorial.com ACCT 212 Week 1-7 All Discussion Questions ­For more classes visits www.snaptutorial.com Week 1 DQ1 Financial Statements Week 2 DQ1 Prepaid Expenses vs. Unearned Revenue Week 2DQ2 Accrual vs. Cash Accounting Week 3DQ1 Ethical Business Decisions Week 3DQ2 Trade Credit - Accounts Payable Week 4DQ1 Inventory Management

6 ACCT 212 Education for Service-- snaptutorial.com ACCT 212 Week 4 Midterm (5 Sets) ­For more classes visits www.snaptutorial.com Please See all the Question Details below, This Tutorial contains 5 Different Sets Set 1 1. (TCO 1) The Accounting Equation is used to develop the organizations financial reports. (1) Describe what assets value would be if Liabilities are $12,000 and Owners' Equity is $50,000 by showing the Accounting Equation (10 points) and (2) provide an example of two asset accounts that could contain the value. (10 points) (Points : 20)

7 ACCT 212 Education for Service-- snaptutorial.com ACCT 212 Week 4 Midterm (Set 2) ­For more classes visits www.snaptutorial.com 1. (TCO 1) Suppose your company sold $50,000 in merchandise to a c ustomer for cash. How does this transaction impact the accounting equ ation? 2. (TCO 2) Suppose your company paid $12,000 in cash for a used car. How does this transaction impact the accounting equation? 3. (TCO 3) Pressure is one of the components of the fraud triangle. Wh at types of pressures do people face that could lead to fraud? Give an example of how pressure could lead to fraud 4. (TCO 4) How does vertical analysis of financial statements differ fro m horizontal analysis? Which method do you think is a better analysis t ool? 1. (TCO 3) Physical control is a key feature in an internal control syste m.

8 ACCT 212 Education for Service-- snaptutorial.com ACCT 212 Week 4 Midterm (Set 3) ­For more classes visits www.snaptutorial.com 1. (TCO 1) Suppose your company paid $12,000 in cash for its rent. H ow does this transaction impact the accounting equation? 2. (TCO 2) Suppose your company sold $25,000 in merchandise to a c ustomer for credit. How does this transaction impact the accounting eq uation? 3. (TCO 3) Opportunity is one of the components of the fraud triangle. How can a company reduce opportunity as a fraud risk? Give an exam ple of how someone could use opportunity to commit fraud and how th e company could reduce this risk. 4. (TCO 4) What is horizontal analysis of financial statements?

9 ACCT 212 Education for Service-- snaptutorial.com


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