XACC 280 UOP ENTIRE COURSE,XACC 280 UOP ENTIRE CLASS,XACC 280 UOP TUTORIAL,XACC 280 UOP ASSIGNMENT

Question 1

XACC 280 Complete Class
XACC 280 Financial Accounting Concepts and Principles Version 2
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Answer 1

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Question 2

XACC 280 Week 1 Assignment Accounting Assumptions, Principles, and Constraints
Write an essay in 250 to 300 words, including the following:
• The basic assumptions of accounting
• The principles of accounting
• The constraints of accounting
A conclusion stating how you think sound financial reporting depends on principles, assumptions, and constraints. Refer to the U.S. GAAP in your response.
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Answer 2

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Question 3

XACC 280 Week 1 Assignment The Accounting Equation
View The Accounting Equation and Write an explanation of the function of each element in the accounting equation, using 100 to 150 words.
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Answer 3

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Question 4

XACC 280 Week 1 DQ 1
In your own words, how would you describe financial accounting? Select two users, one internal and one external, who you think benefit the most from accounting. Explain why and how you think they benefit.
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Answer 4

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Question 5

XACC 280 Week 1 DQ 2
What do each of the four financial statements tell you about a company? How do companies use financial statements? Which financial statement do you think is the most useful and why?
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Answer 5

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Question 6

XACC 280 Week 2 Assignment Debits and Credits Appendix B
View Debits and Credits as stated and Complete the questions and fill in the Account Changes matrix in Appendix B.
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Answer 6

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Question 7

XACC 280 Week 2 Individual Journalizing, Posting, and Preparing a Trial Balance
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Complete P2-2A on p. 81 of Financial Accounting, using the templates in Appendix C for your answers. Each part of the problem corresponds to one tab in Appendix C. Complete all three tabs of Appendix C.

Write a message of 300 to 450 words in the body of your posting that justifies what you did in Appendix C. This message constitutes part d of the assignment. Address your message to your creditors and explain:

• The general goals of financial reporting
• The steps you took in the recording process
• How the steps you took support the principles of accounting

Post your message and the completed Appendix C as an attachment

Answer 7

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Question 8

XACC 280 Week 3 Adjusting Entries, Posting, and Preparing an Adjusted Trial Balance Appendix D
Complete parts a, b, and c of P3-1A on pp. 128 and 129 of Financial Accounting.
Use the templates in Appendix D. Complete all three tabs.
Post the completed Appendix D as an attachment.
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Answer 8

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Question 9

XACC 280 Week 3 DQ 1
What is the difference between the cash basis of accounting and the accrual basis of accounting? Which one would you select for a company that has inventory and why? Does the size of the company make a difference? Explain how. What would be the advantages and disadvantages of using one basis of accounting over the other?
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Answer 9

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Question 10

XACC 280 Week 3 DQ 2
Why are accounting assumptions important? Which accounting assumption is the most important? Why?
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Answer 10

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Question 11

XACC 280 Week 4 Assignment Subsidiary Ledgers and Special Journals
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Explain in 300 to 500 words, your answers to the following:

• What are the advantages of the four different special journals? When would you use each type?
• What is a subsidiary ledger and what purpose does it serve?
• What is a control account and what purpose does it serve?
• Which two general ledger accounts may act as control accounts for a subsidiary ledger?
. What are the advantages of using subsidiary ledgers?

Answer 11

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Question 12

XACC 280 Week 4 Individual Preparing a Financial Statement Worksheet
Complete E4-1 on pp. 176 and 177 of Financial Accounting.
Use the template in Appendix E to complete the 10-column worksheet.
Post the completed worksheet as an attachment
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Answer 12

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Question 13

XACC 280 Week 5 Assignment Closing Entries and a Post-Closing Trial Balance
Complete E4-4 on p. 177 of Financial Accounting. Use the templates in Appendix F and complete all three tabs.
Post the completed Appendix F as an attachment.
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Answer 13

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Question 14

XACC 280 Week 5 DQ 1
What are reversing entries? How is it different from an adjusting entry? Why are reversing entries required? What would happen if reversing entries were not made? What transactions might require reversing entries? What transactions might not require reversing entries?
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Answer 14

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Question 15

XACC 280 Week 5 DQ 2
What’s the purpose of a worksheet? How does a worksheet relate to preparing financial statements and adjusting entries? Is it necessary to prepare formal financial statements if all of the data are in the statement columns of the worksheet? Explain.
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Answer 15

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Question 16

XACC 280 Week 5 Reversing Entries
Post your answers to BE4-12 on p. 176 of Financial Accounting.
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Answer 16

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Question 17

XACC 280 Week 6 Assignment The Nine Steps of the Accounting Cycle
Complete The Nine Steps of the Accounting Cycle multimedia activity.
Capture the screen of the completed accounting cycle in the multimedia activity.
Write a summary of the nine steps of the accounting cycle, in 200 to 400 words.
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Answer 17

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Question 18

XACC 280 Week 6 Individual Comprehensive Problem
Complete the Comprehensive Problem on pp. 189 and 190 of Financial Accounting.
Use the templates in Appendix G to complete the problem; complete all six tabs.
Post the completed Appendix G as an attachment.
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Answer 18

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Question 19

XACC 280 Week 7 Assignment Ratio, Vertical, and Horizontal Analyses
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Write in 125 to 250 words an explanation of the three tools of financial statement analysis and the function of each.
Examine PepsiCo, Inc.’s Consolidated Balance Sheet on p. A6 in Appendix A of Financial Accounting, especially its Current Assets, Current Liabilities, and Total Assets for years 2005 and 2004.
Calculate the following for PepsiCo, Inc. and show your work:

• The Current Ratio for 2005
• The Current Ratio for 2004
• Two measures of vertical analysis—for example, compute the current assets divided by total assets for each year, and express your result as a percentage
• Two measures of horizontal analysis—for example, compute the total change in assets by percentage, by dividing current assets in 2005 by current assets in 2004. Compute a similar percentage for current liabilities

Examine The Coca-Cola Company’s Consolidated Balance sheet on p. B2 in Appendix B of Financial Accounting, especially its Current Assets, Current Liabilities, and Total Assets for years 2005 and 2004.
Calculate the following for Coca-Cola and show your work:

• The Current Ratio for 2005
• The Current Ratio for 2004
• Two measures of vertical analysis—for example, compute the current assets divided by total assets for each year, and express your result as a percentage
• Two measures of horizontal analysis—for example, compute the total change in assets by percentage, by dividing current assets in 2005 by current assets in 2004. Compute a similar percentage for current liabilities

Post your explanation and calculations.

Answer 19

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Question 20

XACC 280 Week 7 DQ 1
Select three ratios, one from each category—liquidity, profitability, and solvency—you think are the most important.
Why do you consider these ratios important? Which internal and external users might be most interested in these ratios? Explain why.
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Answer 20

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Question 21

XACC 280 Week 7 DQ 2
Review Illustrations 15-17 through 15-24 on pp. 710–714 of Financial Accounting.
Given the data, would you have invested in Quality Department Store in 2006? Explain why or why not. Summarize your analysis of the financial data to support your reasoning. What recommendations would you make to improve the financial health of this company? Explain why.
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Answer 21

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Question 22

XACC 280 Week 7 Exercise Career Opportunities for Accountants
Post your response to the following items:
Describe two business sectors you might want to work in if you were an accountant and explain why in 150 to 200 words.
Research a specific company in one of the business sectors that interests you and describe how you imagine it might be to work there. Use 150 to 200 words for your description.
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Answer 22

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Question 23

XACC 280 Week 8 Assignment Impacts of Unethical Behavior
Research a company that has been in the news for unethical practices, such as Enron, Tyco, Global Crossing, or WorldCom.
Post a 300- to 500-word response that summarizes your ideas about the following:
• What was the nature of the controversy regarding this company’s practices?
• How were accounting practices involved?
• If you had been an accountant for this company, how would you have acted? Explain why.
• What might have been done to prevent the controversy?
What was the affect of unethical behavior on the profitability of the company?
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Answer 23

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Question 24

XACC 280 Week 8 Assignment Regulatory Bodies
Post your response to the following question, using 250 to 300 words: What are the major regulatory bodies and their functions?
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Answer 24

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Question 25

XACC 280 Week 8 Individual Internal Controls
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Write a 800- to 1,100-word paper in APA format, including citations and references, summarizing your ideas about internal controls.
Include the following:
• An introduction to internal controls, explaining in your own words the two primary goals of internal control

• A description of how the Sarbanes-Oxley Act of 2002 has affected internal controls
• An explanation of why a company that announces deficiencies in its internal controls would probably experience a fall in the price of its stock
• A synopsis of what you consider to be the limitations of internal controls – Cite specific examples.
• A conclusion that summarizes your main points
• A comparison of the internal control principles of (1) establishing responsibility, (2) using physical, mechanical, and electronic controls, (3) segregation of duties, and (4) independent internal verification.

Answer 25

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Question 26

XACC 280 Week 9 Capstone DQ
Review the annual reports for PepsiCo, Inc. and The Coca-Cola Company in Appendixes A & B of Financial Accounting. Select either PepsiCo, Inc. or The Coca-Cola Company. In your estimation, the company you chose may be financially healthier or weaker.
Would you invest in this company? Explain why or why not. Justify your reasoning, by presenting at least three key financial ratios that analyze the profitability, the liquidity, or the solvency of the company.
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Answer 26

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Question 27

XACC 280 Week 9 Final Project Financial Analysis
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Review the annual reports for PepsiCo, Inc. and The Coca-Cola Company in Appendixes A & B, especially the Consolidated Statements of Income and the Balance Sheets on pp. A4, A6, B1, & B2 of Financial Accounting.

Write a 1750- to 2,050-word paper in APA format with citations and references that provides a financial comparison of the two companies and your recommendations to improve the financial status of each.
Include the following:
• An introductory paragraph with a statement of the purpose of your paper and a synopsis of what readers may expect to find in the paper – It is best to write this after writing the rest of the paper.
• Vertical analyses for both companies – You may use your calculations from the Checkpoint Ratio, Vertical, and Horizontal Analyses, providing you show your work.
• Horizontal analyses for both companies – You may use your calculations from the Checkpoint Ratio, Vertical, and Horizontal Analyses, providing you show your work.
• Include a conclusion paragraph which covers (summaries) your entire paper.
• Post assignment as a MS Word attachment.

Answer 27

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