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ACC 290

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  ACC 290 Final Exam Guide (New, 2018, 100% Score) 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, Myene.....
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This Tutorial was purchased 6 times & rated A+ by student like you.

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 compa.....
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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.&n.....
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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 emplo.....
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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? .....
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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.....
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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.          &nb.....
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This Tutorial was purchased 6 times & rated A by student like you.

WileyPLUS Assignment: Week 1 Vocabulary Activity Resource: WileyPLUS Complete the following Week 1 Assignment in WileyPLUS: • Chapter 1 WileyPLUS Crossword Puzzle 1 .....
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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   .....
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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 .....
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This Tutorial was purchased 6 times & rated A+ by student like you.

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 app.....
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  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.....
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  What accounts are subject to adjusting journal entries and why? How would you explain the purpose of the adjusted trial balance? .....
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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.   • Paid monthly rent.  .....
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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 ad.....
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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 ad.....
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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 An account is a part of the financial information.....
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This Tutorial was purchased 6 times & rated A+ by student like you.

  WileyPLUS Assignment: Week 2 Vocabulary Activity   Resource: WileyPLUS   Complete the following Week 2 Assignment in WileyPLUS:   • Chapter 2 Wiley PLUS Crossword Puzzle 1 .....
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  WileyPLUS Assignment: Week 2 Assignment   Resource: WileyPLUS   Complete the following Week 2 Assignment in WileyPLUS:   • BYP 2-2   • IFRS 2-6   • Exercise 3-4   • Exercise 3-8   • Exercise 3-10.....
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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.....
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  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? W.....
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  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? .....
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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 b.....
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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 accountan.....
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WileyPLUS Assignment: Week 3 Practice Quiz Resource: WileyPLUS Complete the following Week 3 Assignment in WileyPLUS: • Chapter 4 Practice Quiz   .....
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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 • IFRS Practice Question 3   • IFRS Practice Question 4 .....
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Financial Reporting Problem Part I 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 as.....
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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: I.....
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  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.....
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  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 .....
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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 Decisi.....
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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     Due to the tu.....
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This Tutorial was purchased 9 times & rated A+ by student like you.

WileyPLUS Assignment: Week 4 Vocabulary Activity Resource: WileyPLUS Complete the following Week 4 Assignment in WileyPLUS: • Chapter 5 Crossword Puzzle 1   .....
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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 Practice Question 1 Practice Question 2 Practice Question.....
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Financial Reporting Problem Part II Access the internet to acquire a copy of the most recent annual report for the public traded company used to complete the Financial Reporting Problem, Part 1 assignment due in ACC 290 Week Four.  Analyze the information contained in the company’s balan.....
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This Tutorial was purchased 7 times & rated A+ by student like you.

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 Decisi.....
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This Tutorial was purchased 8 times & rated A+ by student like you.

Reflection and Financial Reporting Problem Part II. Discuss the objectives for ACC 290 Week Four.  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 co.....
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This Tutorial was purchased 7 times & rated B+ by student like you.

  What is the control environment? How does the control environment affect a company’s internal controls? What are the negative and positive elements of a control environment? What are two examples of strong and weak internal controls in organizations where you have worked or have first-.....
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IFRS 2-1: In what ways does the format of a statement of financial of position under IFRS often differ from a balance sheet presented under GAAP? IFRS 2-2: Do the IFRS and GAAP conceptual frameworks differ in terms of the objective of financial reporting? Explain. IFRS 2-3: What terms com.....
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This Tutorial was purchased 14 times & rated A+ by student like you.

Purpose of Assignment Reconciling bank accounts is a good way to help maintain internal controls over cash. With time lags and posting errors it is easy for cash transactions to be omitted, recorded in a different accounting period, or reflect incorrect amounts. This assignment with give you .....
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This Tutorial was purchased 13 times & rated A+ by student like you.

Assignment: Week 5 Assignment Complete the following Week 5 Assignment IFRS Practice Question 1 IFRS Practice Question 2 Brief Exercise 6-5 Brief Exercise 6-7 BYP 6-1 BYP 6-2 Brief Exercise 7-4 Brief Exercise 7-6 .....
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