1 / 9

ACCT 212(DEVRY) Learn/uophelp.com

For more course tutorials visit<br>www.uophelp.com<br>ACCT 212 Course Project<br> ACCT 212 Week 4 Midterm <br>ACCT 212 Week 1-7 All DQs<br> ACCT 212 Final Exam <br>ACCT 212 Week 4 Midterm (Set 2)<br> ACCT 212 Week 4 Midterm (Set 3) ..<br>

gctgcuyhcn
Download Presentation

ACCT 212(DEVRY) Learn/uophelp.com

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. ACCT 212 Learn/uophelp.com For more course tutorials visit www.uophelp.com

  2. ACCT 212 Learn/uophelp.com ACCT 212 Entire Course For more course tutorials visit www.uophelp.com ACCT 212 Course Project ACCT 212 Week 4 Midterm ACCT 212 Week 1-7 All DQs ACCT 212 Final Exam ACCT 212 Week 4 Midterm (Set 2) ACCT 212 Week 4 Midterm (Set 3) ..

  3. ACCT 212 Learn/uophelp.com ACCT 212 Course Project For more course tutorials visit www.uophelp.com This course has two course projects due. The first, Course Project 1, reinforces the basic principles of accounting and application of the accounting information system. It is completed in two parts. The second, Course Project 2, is an opportunity to show the ability to analyze financial statements to arrive at conclusions based upon the analysis.Course Project 1 - Overview and Guidelines | Course Project 2 - Overview and Guidelines

  4. ACCT 212 Learn/uophelp.com ACCT 212 Final Exam For more course tutorials visit www.uophelp.com At the end of the period it is necessary to close all temporary accounts. (1) Explain why this process is required (10 points) and (2) provide an example of the closing of an expense account, Supplies Expense in the form of a journal entry 2. (TCO 2) As required to complete Course Project 1, one must follow the cycle that includes 10 steps to complete the accounting cycle. (1) Explain how to construct an Unadjusted Trial Balance (10 points) and (2) provide an example of the application of the debit/credit rules in the development of the trial balance

  5. ACCT 212 Learn/uophelp.com ACCT 212 Week 1-7 All Discussion Questions For more course tutorials visit www.uophelp.com Week 1 DQ1 Financial Statements Week 2 DQ1 Prepaid Expenses vs. Unearned Revenue Week 2DQ2 Accrual vs. Cash Accounting Week 3DQ1 Ethical Business Decisions Week 3DQ2 Trade Credit - Accounts Payable Week 4DQ1 Inventory Management Week 4DQ2 LIFO Week 5DQ1 Non-current Assets and Related Liabilities

  6. ACCT 212 Learn/uophelp.com ACCT 212 Week 4 Midterm (Set 2) For more course tutorials visit www.uophelp.com 1. (TCO 1) Suppose your company sold $50,000 in merchandise to a customer for cash. How does this transaction impact the accounting equation? 2. (TCO 2) Suppose your company paid $12,000 in cash for a used car. How does this transaction impact the accounting equation? 3. (TCO 3) Pressure is one of the components of the fraud triangle. What types of pressures do people face that could lead to fraud? Give an example of how pressure could lead to fraud 4. (TCO 4) How does vertical analysis of financial statements differ from horizontal analysis? Which method do you think is a better analysis tool? 1. (TCO 3) Physical control is a key feature in an internal control system. Why is physical control such an important internal control? Give an example of physical control as an internal control. 2. (TCO 1) Describe the income statement. Why is this statement important to the company, creditors, and investors?

  7. ACCT 212 Learn/uophelp.com ACCT 212 Week 4 Midterm (Set 3) For more course tutorials visit www.uophelp.com 1. (TCO 1) Suppose your company paid $12,000 in cash for its rent. How does this transaction impact the accounting equation? 2. (TCO 2) Suppose your company sold $25,000 in merchandise to a customer for credit. How does this transaction impact the accounting equation? 3. (TCO 3) Opportunity is one of the components of the fraud triangle. How can a company reduce opportunity as a fraud risk? Give an example of how someone could use opportunity to commit fraud and how the company could reduce this risk. 4. (TCO 4) What is horizontal analysis of financial statements? How does horizontal analysis differ from vertical analysis? 1. (TCO 3) Prenumbered documents are a key feature in an internal control system. Why are prenumbered documents such an important internal control? Give an example of prenumbered documents as an internal control. 2. (TCO 1) Describe the balance sheet. Why is this statement important to the company, creditors, and investors?

  8. ACCT 212 Learn/uophelp.com ACCT 212 Week 4 Midterm For more course tutorials visit www.uophelp.com (TCO 1) The Accounting Equation is used to develop the organizations financial reports. (1) Describe what owners' equity values would be if Assets are $100,000 and Liabilities are $27,000 by showing the Accounting Equation (10 points) and (2) provide an explanation of what accounts could be found in owners' equity. (10 points)(TCO 1) The financial statements present a company to the public in financial terms. (1) Which financial statement identifies where cash was generated and where it was spent during the year (10 points) and (2) identify the three major parts of this statement. (10 points)

  9. ACCT 212 Learn/uophelp.com For more course tutorials visit www.uophelp.com

More Related