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ACC 225 Week 1 Checkpoint Financial Statements

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CheckPoint: Financial Statements

  • Resource: Fundamental Accounting Principles, Ch. 1
  • Due Date: Day 5 [post to the Individual forum]
  • Consider that you have been asked to explain financial statements to someone who
  • knows nothing about accounting.

  • Review the information on financial statements in Ch. 1 of Fundamental Accounting
  • Principles.

  • Discuss, in 200300 words, each of the four financial statements. Explain the different
  • components of the statements as well as what the statements tell about a business.

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    ACC 225 Week 2 Assignment Preparing Journal Entries and Trial Balances

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    Assignment: Preparing Journal Entries and Trial Balances

  • Resource: Fundamental Accounting Principles, pp. 76 and 80
  • Due Date: Day 7 [Individual] forum
  • Complete Exercises 24 and 25 on p. 76 and Problem 22A on p. 80.
  • Post your answers as an attachment.
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  • ACC 225 Week 2 CheckPoint Debits and Credits
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    CheckPoint: Debits and Credits
    • Resource: Fundamental Accounting Principles, p. 74
    • Due Date: Day 4 [Individual] forum
    • Post your answers to Quick Study questions QS 23, QS 24, and QS 25.
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  • ACC 225 Week 5 Checkpoint Inventory Systems and Calculating Revenues, Expenses, and Income
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    CheckPoint: Inventory Systems and Calculating Revenues, Expenses, and Income
    • Resource: Fundamental Accounting Principles, pp. 206, 208, and 209.
    • Due Date: Day 5 [Individual] forum
    • Complete Quick Study question QS 58 on p. 206 and Exercises 59 and 513 on pp.
    208209.
    • Post your answers as an attachment.
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  • ACC 225 Week 6 Assignment Estimating Inventory and Preparing Multiple Step and Single Step Income
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    Assignment: Estimating Inventory and Preparing MultipleStep and SingleStep Income
    Statements
    • Resource: Fundamental Accounting Principles, pp. 251 and 256
    • Due Date: Day 7 [Individual] forum
    • Complete Problems 54A on p. 212, 61A on p. 251, and 66B and 67B on p. 256.
    • Post your answers as an attachment.
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