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ACC 290 Teaching Effectively-- snaptutorial.com

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1 ACC 290 Teaching Effectively-- snaptutorial.com

2 ACC 290 Entire Course New Syllabus With Final Guide For more classes visit www.snaptutorial.com ACC 290 Final Exam Guide(Latest) ACC 290 Week 1 Assignment Preparing an Income Statement Retained Earnings Statement and Balance Sheet ACC 290 Week 2 Analyzing the Effect of Transactions E3-1 (New) ACC 290 Week 2 Text Exercise Ex 1-9, Ex 2-10 (Donavan, Myeneke Corporation) ACC 290 Week 3 Preparing a Multiple ‐ Step Income Statement Problem 5-5A (Simon Company) ACC 290 Week 3 Text Exercise 4-14 Villa Company

3 ACC 290 Teaching Effectively-- snaptutorial.com ACC 290 Final Exam Guide (New, 2018, 100% Score) For more classes visit www.snaptutorial.com Question 1 The best definition of assets is the collections of resources belonging to the company and the claims on these resources. cash owned by the company. owners’ investment in the business. resources belonging to a company that have future benefit to the company.

4 ACC 290 Teaching Effectively-- snaptutorial.com ACC 290 Final Exam Guide(Latest) For more classes visit www.snaptutorial.com Question 1 The best definition of assets is the collections of resources belonging to the company and the claims on these resources. cash owned by the company. owners’ investment in the business. resources belonging to a company that have future benefit to the company.

5 ACC 290 Teaching Effectively-- snaptutorial.com ACC 290 Week 1 Assignment Preparing an Income Statement Retained Earnings Statement and Balance Sheet For more classes visit www.snaptutorial.com Purpose of Assignment The purpose of this assignment is to help students become familiar with the presentation of the income statement and the retained earnings statement, including how parts of the financial statement is evaluated to determine the operational success of the business. Assignment Steps Resources: Financial Accounting: Tools for Business Decision Making p. 36

6 ACC 290 Teaching Effectively-- snaptutorial.com ACC 290 Week 1 Discussion Question 1 For more classes visit www.snaptutorial.com ACC 290 Week One - DQ #1 What are the four basic financial statements? What is the primary purpose of each of the four basic financial statements? In your opinion, which financial statement is the most important? Explain why. How would the financial statements be useful to managers and employees? How would the financial statements be useful to investors and creditors?

7 ACC 290 Teaching Effectively-- snaptutorial.com ACC 290 Week 1 Discussion Question 2 For more classes visit www.snaptutorial.com 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? Why do accountants debit expenses to increase them but credit revenues to increase them?

8 ACC 290 Teaching Effectively-- snaptutorial.com ACC 290 Week 1 Individual Assignment Financial Statements Paper For more classes visit www.snaptutorial.com Individual - Financial Statements Paper - Prepare a 700 -1,050 word paper in which you identify the four basic financial statements. Describe the purpose of each of the four financial statements. Discuss how the financial statements would be useful to internal users, such as to managers and employees. Discuss how the financial statements would be useful to external users, such as investors and creditors. Format paper according to APA

9 ACC 290 Teaching Effectively-- snaptutorial.com ACC 290 Week 1 Practice Quiz For more classes visit www.snaptutorial.com Question 1 Current assets are expected to be converted to cash or consumed within the next year or the normal operating cycle, whichever is longer. Current assets are economic resources that are expected to be converted to cash or used up by the business within one year or the normal operating cycle, whichever is shorter.

10 ACC 290 Teaching Effectively-- snaptutorial.com ACC 290 Week 1 Vocabulary Activity For more classes visit www.snaptutorial.com WileyPLUS Assignment: Week 1 Vocabulary Activity Resource: WileyPLUS Complete the following Week 1 Assignment in WileyPLUS: Chapter 1 WileyPLUS Crossword Puzzle 1

11 ACC 290 Teaching Effectively-- snaptutorial.com ACC 290 Week 1 WileyPlus Assignment DI1-3, E1-3,E1-4, E2-4, IFRS2-4 For more classes visit www.snaptutorial.com WileyPLUS Assignment: Week 1 Assignment Resource: WileyPLUS Complete the following Week 1 Assignment in WileyPLUS: DO IT! 1-3 Exercise 1-3 Exercise 1-4 Exercise Excel E 2-4 IFRS 2-4

12 ACC 290 Teaching Effectively-- snaptutorial.com ACC 290 Week 2 Chapter 1,2,3 Orion WileyPlus Proficiency and Practice Quiz For more classes visit www.snaptutorial.com ACC 290 Chapter 1 Orion WileyPlus Build your Proficiency Q 1.1: What is the primary purpose of the statement of cash flows? Q 1.2: Which financial statement summarizes the financial position of a company? Q 1.3: Which financial statement provides information for a specific point in time? Q 1.4: The reports revenues and expenses and resulting net income or less for a period in time.

13 ACC 290 Teaching Effectively-- snaptutorial.com ACC 290 Week 2 Charter for Collaborative Learning Activities For more classes visit www.snaptutorial.com Resources: Week 2 Learning Team Collaborative Discussion and the Learning Team Charter for Collaborative Learning Activities Write a 150- to 200-word individual response to the following: Consider the multiple definitions of collaboration. Define collaboration and how you will apply it in this course based upon the discussion with your Learning

14 ACC 290 Teaching Effectively-- snaptutorial.com ACC 290 Week 2 Discussion Question 1 For more classes visit www.snaptutorial.com What is the revenue recognition principle? What is the expense recognition principle? Why are they important to financial reporting? What are adjusting entries and why are they necessary? What are accruals? Provide examples of accruals. Why do accruals require adjusting entries?

15 ACC 290 Teaching Effectively-- snaptutorial.com ACC 290 Week 2 Discussion Question 2 For more classes visit www.snaptutorial.com What accounts are subject to adjusting journal entries and why? How would you explain the purpose of the adjusted trial balance?

16 ACC 290 Teaching Effectively-- snaptutorial.com ACC 290 Week 2 E3-1 (New) For more classes visit www.snaptutorial.com The balance sheet makes sure that the finances are in balance. Below is a list of Thyme Advertising Company, Inc. transactions. Each of these is affected differently. Issued common stock to investors in exchange for cash received from investors.

17 ACC 290 Teaching Effectively-- snaptutorial.com ACC 290 Week 2 LT Reflection Summary (New) For more classes visit www.snaptutorial.com Discuss the objectives for ACC 290 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. Create Adjusting Entries.

18 ACC 290 Teaching Effectively-- snaptutorial.com ACC 290 Week 2 LT Reflection Summary For more classes visit www.snaptutorial.com Discuss the objectives for ACC 290 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. Create Adjusting Entries. Prepare an adjusted trial balance.

19 ACC 290 Teaching Effectively-- snaptutorial.com ACC 290 Week 2 Practice Quiz For more classes visit www.snaptutorial.com Question 1 Expenses decrease retained earnings. Question 2 During 2014, Gibson Company assets decreased $50,000 and its liabilities decreased $90,000. Its stockholders’ equity Question 3 Payment of a dividend Question 4

20 ACC 290 Teaching Effectively-- snaptutorial.com ACC 290 Week 2 Vocabulary Activity For more classes visit www.snaptutorial.com WileyPLUS Assignment: Week 2 Vocabulary Activity Resource: WileyPLUS Complete the following Week 2 Assignment in WileyPLUS: Chapter 2 Wiley PLUS Crossword Puzzle 1

21 ACC 290 Teaching Effectively-- snaptutorial.com ACC 290 Week 2 WileyPlus Assignment BYP2-2, IFRS2-6, E3-4, E3- 8, BYP 3-2, IFRS 3-2, P3-5, P3-6 For more classes visit www.snaptutorial.com WileyPLUS Assignment: Week 2 Assignment Resource: WileyPLUS Complete the following Week 2 Assignment in WileyPLUS: BYP 2-2 IFRS 2-6

22 ACC 290 Teaching Effectively-- snaptutorial.com ACC 290 Week 3 Chapter 4,5 Orion WileyPlus Proficiency and Practice Quiz For more classes visit www.snaptutorial.com ACC 290 Week 3 Chapter 4,5 Orion WileyPlus Proficiency and Practice Quiz ACC 290 Chapter 4 Orion WileyPlus Build your Proficiency Q 4.1: Which of the following statements about accrual-basis accounting is NOT true? Q 4.2: If a company spends $12 million dollars for a warehouse,

23 ACC 290 Teaching Effectively-- snaptutorial.com ACC 290 Week 3 Discussion Question 1 For more classes visit www.snaptutorial.com What are the steps in completing the accounting cycle? How do the different steps affect the financial statements? What is the effect on the financial statements of missing a step when completing the accounting cycle? What are the four closing journal entries? Why are they necessary? What are reversing entries?

24 ACC 290 Teaching Effectively-- snaptutorial.com ACC 290 Week 3 Discussion Question 2 For more classes visit www.snaptutorial.com What are the pros and cons of using reversing entries? Why are reversing entries optional? What is the main purpose of a financial statement worksheet and its benefits? How has automation aided the preparation, accuracy, and use of the financial statement worksheet?

25 ACC 290 Teaching Effectively-- snaptutorial.com ACC 290 Week 3 Practice Quiz For more classes visit www.snaptutorial.com Question 1 The revenue recognition principle dictates that revenue is recognized in the period in which the cash is received. Question 2 The generally accepted accounting principle which dictates that revenue be recognized in the accounting period in which the performance obligation is satisfied is the

26 ACC 290 Teaching Effectively-- snaptutorial.com ACC 290 Week 3 Problem 5-5A (Simon Company) For more classes visit www.snaptutorial.com Purpose of Assignment The purpose of this assignment is to help you become familiar with the parts of the multiple ‐ step income statement. Assignment Steps Resources: Financial Accounting: Tools for Business Decision Making Scenario: An inexperienced accountant prepared this condensed income statement for Simon Company a retail firm that has been in business for a number of years.

27 ACC 290 Teaching Effectively-- snaptutorial.com ACC 290 Week 3 Vocabulary Activity For more classes visit www.snaptutorial.com WileyPLUS Assignment: Week 3 Practice Quiz Resource: WileyPLUS Complete the following Week 3 Assignment in WileyPLUS: Chapter 4 Practice Quiz

28 ACC 290 Teaching Effectively-- snaptutorial.com ACC 290 Week 3 WileyPlus Assignment BE4-1, P4-2A, P4-3A, BYP4- 1, IFRS PQ-1, PQ-2, PQ-3, PQ-4 For more classes visit www.snaptutorial.com Assignment: Week 3 Assignment Complete the following Week 3 Assignment Brief Exercise 4-1 Problem 4-2A Problem 4-3A BYP 4-1 IFRS Practice Question 1 IFRS Practice Question 2

29 ACC 290 Teaching Effectively-- snaptutorial.com ACC 290 Week 4 Chapter 6 Orion WileyPlus Proficiency and Practice Quiz For more classes visit www.snaptutorial.com ACC 290 Chapter 6 Orion WileyPlus Build your Proficiency Q 6.1: Where is inventory reported? Q 6.2: ________ are items that will eventually be used in production Q 6.3: How is inventory ready for sale classified in a manufacturing company? Q 6.4: In the perpetual inventory system, which of the following is?

30 ACC 290 Teaching Effectively-- snaptutorial.com ACC 290 Week 4 Discussion Question 1 For more classes visit www.snaptutorial.com 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? How would these transactions differ with a periodic

31 ACC 290 Teaching Effectively-- snaptutorial.com ACC 290 Week 4 Discussion Question 2 For more classes visit www.snaptutorial.com 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? When it is most appropriate to use? How

32 ACC 290 Teaching Effectively-- snaptutorial.com ACC 290 Week 4 Evaluate The Inventory Section Of Two companies Using Basic Comparative Analysis For more classes visit www.snaptutorial.com The purpose of this assignment is to evaluate the inventory section of two companies using basic comparative analysis, and to interpret the data to gain insight about the company's inventory management. Assignment Steps

33 ACC 290 Teaching Effectively-- snaptutorial.com ACC 290 Week 4 Practice Quiz For more classes visit www.snaptutorial.com Question 1 A service company's operating cycle is ordinarily shorter than that of a merchandising company. The operating cycle of a merchandising company is ordinarily shorter than that of a service company. Question 2

34 ACC 290 Teaching Effectively-- snaptutorial.com ACC 290 Week 4 Vocabulary Activity For more classes visit www.snaptutorial.com WileyPLUS Assignment: Week 4 Vocabulary Activity Resource: WileyPLUS Complete the following Week 4 Assignment in WileyPLUS: Chapter 5 Crossword Puzzle 1

35 ACC 290 Teaching Effectively-- snaptutorial.com ACC 290 Week 4 Wileyplus Assignment P4-8A, BYP5-1, BYP5-2, BE5-1, BE5-2, IFRS5-2, IFRS5-4, PQ-1, PQ-2, PQ-3 For more classes visit www.snaptutorial.com Week 4 Assignment Complete the following Week 4 Assignment in Problem 4-8A Brief Exercise 5-1 Brief Exercise 5-2 BYP 5-1 BYP 5-2 IFRS 5-2 IFRS 5-4

36 ACC 290 Teaching Effectively-- snaptutorial.com ACC 290 Week 4Evaluate The Inventory Section Of Two companies Using Basic Comparative Analysis For more classes visit www.snaptutorial.com The purpose of this assignment is to evaluate the inventory section of two companies using basic comparative analysis, and to interpret the data to gain insight about the company's inventory management. Assignment Steps Resources: Financial Accounting: Tools for Business Decision Making

37 ACC 290 Teaching Effectively-- snaptutorial.com


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