uop acc290 full course [ all discussions all assignments all 5 week work except final ]

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Week I discussion 1

Please post your resonse to this discussion question in this thread by Friday (Day 4). I would suggest framing your responses in a clear and well written format from your perspective of about 100 words or more. Thanks

Both internal and external users must use a company’s financial statements, please list users in each of these categories and mention why they would need a company’s financial information.

Week 1 discussion 2

Please post your response to this discussion question in this thread by Saturday (Day 5). I would suggest framing your responses in a clear and well written format from your perspective of about 100 words or more. Thanks

Identify the basic steps in the recording process and briefly describe each one.

Week 2 discussion 1

Please post your response to this discussion question in this thread by Wednesday (Day 2). I would suggest framing your responses in a clear and well written format from your perspective of about 100 words or more. Thanks

Explain what a trial balance is and answer why may the financial information in a trial balance not be up-to-date and complete?

Week 2 discussion 2

Please post your response to this discussion question in this thread by Friday (Day 4). I would suggest framing your responses in a clear and well written format from your perspective of about 100 words or more. Thanks

Identify and state two generally accepted accounting principles that relate to adjusting the accounts. Then describe what accounts does a company debit and credit in a prepaid expense adjusting entry?

Week 3 discussion 1

Please post your response to this discussion question in this thread by Wednesday (Day 2). I would suggest framing your responses in a clear and well written format from your perspective of about 100 words or more. Thanks

Explain what an accounting worksheet is and summarize its contents?

Week 3 discusion 2

Please post your response to this discussion question in this thread by Friday (Day 4). I would suggest framing your responses in a clear and well written format from your perspective of about 100 words or more. Thanks

Please explain why the financial statements are said to be interrelated with one another.

Week 4 discussion 1

Please post your response to this discussion question in this thread by Wednesday (Day 2). I would suggest framing your responses in a clear and well written format from your perspective of about 100 words or more. Thanks

Explain the cost of goods sold calculation and describe what it tells us?

Week 4 discussion 2

Please post your response to this discussion question in this thread by Friday (Day 4). I would suggest framing your responses in a clear and well written format from your perspective of about 100 words or more. Thanks

Describe the ending inventory using the LIFO, FIFO, and average cost methods, analyze the impact on net income

Week 5 discussion 1

Please post your response to this discussion question in this thread by Wednesday (Day 2). I would suggest framing your responses in a clear and well written format from your perspective of about 100 words or more. Thanks

Explain the effects of the Sarbanes-Oxley Act of 2002 on internal controls.

Week 5 discussion 2

Please post your response to this discussion question in this thread by Wednesday (Day 2). I would suggest framing your responses in a clear and well written format from your perspective of about 100 words or more. Thanks

Please summarize an efficient and cost effective internal control system that should be implemented by a company in your own words.

Explain the effects of the Sarbanes-Oxley Act of 2002 on internal controls.

assignmentssss

week 1

Individual

Financial Statements Paper

Write a 800- to 1,050-word paper in which you do the following:

· 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 managers and employees.

· Discuss how the financial statements would be useful to external users such as investors and creditors.

Format the paper consistent with APA guidelines.

week 2

Individual

Financial Statements Paper

week 3

Write a 800- to 1,050-word paper in which you do the following:

· 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 managers and employees.

· Discuss how the financial statements would be useful to external users such as investors and creditors.

Format the paper consistent with APA guidelines.

Learning Team

Weekly Reflection

Discuss the objectives for 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.

· Discuss how financial statements would be useful to external users such as investors and creditors.

Write a 350- to 500-word summary of your Learning Team’s discussion.

Individual

Week Three

Problems and

Exercises

Resource: Ch. 4 of Financial Accounting

Complete Exercise BE4-1.

Complete Problems 4-2A and 4-3A.

Submit as either a Microsoft® Excel® or Word document

Learning Team

Weekly Reflection

Discuss the objectives for 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 accounting.

· Create adjusting entries.

· Prepare an adjusted trial balance.

Write a 350- to 500-word summary of your Learning Team’s discussion.

week 4

Individual

Week Four

Problem

Resource: Ch. 4 of Financial Accounting

Complete Problem 4-8A.

Submit as either a Microsoft® Excel® or Word document.

Learning Team

Weekly Reflection

Discuss the objectives for 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.

· Prepare a financial statement worksheet.

· Prepare a classified income statement, retained earnings statement, and balance sheet.

Write a 350- to 500-word summary of your Learning Team’s discussion.

Learning Team

Financial Reporting Problem, Part 1

Browse the Internet to acquire a copy of the most recent annual report for a publicly traded company.

Analyze the information contained in the company’s balance sheet and income statement to answer the following questions:

· 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?

· How much cash and cash equivalents did the company have at the end of its most recent annual reporting period?

· What amount of accounts payable did the company have at the end of its most recent annual reporting period?

· What amount of accounts payable did the company have at the end of the previous annual reporting period?

· What are the company’s net revenues for the last three annual reporting periods?

· What is the change in dollars in the company’s net income from its most recent annual reporting period to the previous annual reporting period?

· What are the company’s total current assets at the end of its most recent annual reporting period?

· What are the total current assets at the end of the previous annual reporting period?

· What in the information above would be important to a potential investor, employee, and so forth?

Summarizethe analysis in a 1,050- to 1,400-word paper in a Microsoft®Word document.

Include a copy of the company’s balance sheet and income statement.

Format your paper consistent with APA guidelines.

week 5

Individual

Week Five

Exercises

Resource:Ch. 5–7 of Financial Accounting

Complete Exercises BE5–1, BE5–2, BE6-5, BE6-7, and BE7-4,BE7-5, andBE7-6.

Submit as either a Microsoft® Excel® or Word document.

Learning Team

Weekly Reflection

Discuss the following:

· 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? What is the role of internal controls in complying with SOX (2002)?

Write a 350- to 500-word summary of your Learning Team’s discussion.

Learning Team

Financial Reporting Problem, Part 2

Access the Internet to acquire a copy of the most recent annual report for the publicly traded company used to complete the Financial Reporting Problem, Part 1 assignment due in Week Four.

Analyze the information contained in the company’s balance sheet and income statement to answer the following questions:

· Are the assets included under the company’s current assets listed in the proper order? Explain your answer.

· How are the company’s assets classified?

· What are cash equivalents?

· What are the company’s total current liabilities at the end of its most recent annual reporting period?

· What are the company’s total current liabilities at the end of the previous annual reporting period?

· Considering all the information you have gathered, why might this information be important to potential creditors, investors, and employees?

Summarizethe analysis in a 1,050- to 1,400-word paper in a Microsoft®Word document.

Include a copy of the company’s balance sheet and income statement.

Format your paper and presentation consistent with APA guidelines.

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