ACC 225 UOP Tutorials,ACC 225 UOP Assignments,ACC 225 UOP Entire class Flashcards
ACC 225 Week 9 Final Project Comprehensive Problem-Perpetual
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Resources: Appendix A, Fundamental Accounting Principles, p. 301, and Appendix C
Complete the Comprehensive Problem-Perpetual. In this project, follow the steps of the accounting cycle to process given transactions in a business environment. Then, synthesize special journals, a trial balance, financial statements, and a post-closing trial balance.
Use the spreadsheet in Appendix C available on aXcess to complete the problems. Be sure to use the tabs labeled P07C and Given P07C.
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ACC 225 Week 9 Capstone DQ
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A major network is launching a reality program called The Accountant. A group of recent accounting graduates will be competing for a spot in a national accounting firm. What would make someone a good candidate for The Accountant? Describe three challenges the candidates should complete on the program, using as much detail as you can.
The challenges should test contestants’ skill in challenges related to topics covered in this course. Be creative. Describe how the challenge will test the contestant’s accounting skills as well as the skills the contestant should have to complete each challenge successfully.
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ACC 225 Week 8 Checkpoint Internal Control and Bank Reconciliations
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Resource: Fundamental Accounting Principles, pp. 335 and 336
Complete Quick Study question QS 8-6 on p. 335, and Exercises 8-3 and 8-4 on p. 336.
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ACC 225 Week 8 Assignment Internal Control and Bank Reconciliations
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Resource: Fundamental Accounting Principles, pp. 338 and 339
Complete Problems 8-1A, 8-3A, and 8-4A (including the Analysis Component) on pp. 338-339. When responding to the cases in 8-1A, be sure to think critically about each case. Identify the principles of internal control that has been violated, and give an explanation of why you think that principle has been violated. Identify the consequences of the actions described in the cases. Make a recommendation for what the business should do to ensure adherence to principles of internal control.
Use the spreadsheet in Appendix B available on aXcess to complete Problem 8-4A. Be sure to use the tabs labeled SP08-04A and Given P08-04A
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ACC 225 Week 7 DQ 2
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Choose a popular merchandise or service company. How might the company use the accounting information systems? In what ways do these systems benefit the company? In what ways might the systems be challenging for the company?
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ACC 225 Week 7 DQ 1
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Megagrocer is a grocery chain that operates five stores. The stores are supplied with produce, meat, dairy, and dry goods by six separate vendors. In addition to the stores, Megagrocer maintains an ecommerce site through which customers can order and pay for groceries. The groceries are packed and delivered to customers from one of the five stores in a Megagrocer van by that store’s personnel. Think about the accounting information systems that Megagrocer might use.
What types of source documents might be collected by Megagrocer to be processed by its accounting information systems?
Why are those documents important?
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ACC 225 Week 7 Checkpoint Accounting Information Systems and Special Journals
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Resource: Fundamental Accounting Principles, pp. 289, 290, and 291
Complete Quick Study questions QS 7-1 and QS 7-3 on p. 289, and Exercises 7-1, 7-4, 7-7, and 7-10 on pp. 290-291.
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ACC 225 Week 6 Checkpoint Computing Inventory Balances and Lower of Cost or Market
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Resource: Fundamental Accounting Principles, pp. 247-249
Complete Quick Study question QS 6-1 on p. 247 and Exercises 6-1 and 6-5 on pp. 248 and 249.
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ACC 225 Week 6 Individual Assignment Estimating Inventory And Preparing Multiple-Step And Single-Step Income
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Complete Problems 5-4A on p. 212, 6-1A on p. 251, and 6-6B and 6-7B on p. 256.
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ACC 225 Week 5 DQ 2
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Find the financial statements of a service company and of a merchandising company. What items appear on the merchandising company statements that don’t appear on the service company statements? Why is there a difference?
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ACC 225 Week 5 DQ 1
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BTN 5-3 Amy Martinez is a student who plans to attend approximately four professional events
a year at her college. Each event necessitates a financial outlay of $100–$200 for a new suit and accessories. After incurring a major hit to her savings for the first event, Amy developed a different approach. She buys the suit on credit the week before the event, wears it to the event, and returns it the next week to the store for a full refund on her charge card.
Required
i. Comment on the ethics exhibited by Amy and possible consequences of her actions.
ii. How does the merchandising company account for the suits that Amy returns?
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ACC 225 Week 5 Checkpoint Inventory Systems and Calculating Revenues, Expenses, and Income
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Resource: Fundamental Accounting Principles, pp. 206, 208, and 209.
Complete Quick Study question QS 5-8 on p. 206 and Exercises 5-9 and 5-13 on pp. 208-209.
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ACC 225 Week 4 Checkpoint Preparing Balance Sheets and Statements
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Resource: Fundamental Accounting Principles, pp. 156 and 159
Complete Quick Study question QS 4-2 on p. 156 and Exercises 4-4 and 4-5 on p. 159.
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ACC 225 Week 4 Assignment Preparing Entries and Statements
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Complete Problems 4-5A and 4-6A. When responding to the analysis component of 4- 5A, be sure to think critically about the possible errors that are described. In your answer, be sure to carefully analyze the worksheet as if the errors were made and present the evidence for your explanation. Identify the consequences of the errors and describe their impact on the financial statements. Explain whether the error is likely to be discovered when completing the worksheet.
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ACC 225 Week 3 DQ 2
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The Ritz Manor is a popular seaside resort. A double room costs $220 for one night. In order to reserve a room, guests must pay one night’s stay in advance. On each floor of the hotel, Vendalite Company operates vending machines with energy bars, juices, and other snacks for guests. Vendalite stocks the machines and collects revenue every week. Total average weekly revenue from these machines is $720. The Ritz Manor is entitled to 30% of the revenue from the machines. Vendalite sends a check to the Ritz manor once at the end of each quarter for the resort’s share of the revenue.
Based on this information, what type of adjusting entries does the Ritz Manor have?
How are the amounts of these adjustments determined?
Which accounts are affected?
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