ACC 225 UOP Tutorial / Uoptutorial

ACC 225 WEEK 1 CHECKPOINT FINANCIAL STATEMENTS(UOP)

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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 200 300 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(UOP)

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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 2 4 and 2 5 on p. 76 and Problem 2 2A on p. 80.

Post your answers as an attachment.

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ACC 225 WEEK 2 CHECKPOINT DEBITS AND CREDITS(UOP

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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 2 3, QS 2 4, and QS 2 5.

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ACC 225 WEEK 3 CHECKPOINT ADJUSTMENTS AND ACCRUAL AND CASH BASIS ACCOUNTING(UOP)

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CheckPoint: Adjustments and Accrual and Cash Basis Accounting

Resource: Fundamental Accounting Principles, pp. 116 118 and 120

Due Date: Day 5 [Individual] forum

Complete Quick Study questions QS 3 1 and QS 3 9 on pp. 116 and 117 and Exercises

3 1 and 3 7 on pp. 118 and 120.

Post your answers as an attachment.

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ACC 225 WEEK 4 ASSIGNMENT PREPARING ENTRIES AND STATEMENTS(UOP)

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Assignment: Preparing Entries and Statements

Resources: Fundamental Accounting Principles, pp. 165 167

Due Date: Day 7 [Individual] forum

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.

Post your answers as an attachment.

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ACC 225 WEEK 4 CHECKPOINT PREPARING BALANCE SHEETS AND STATEMENTS(UOP)

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CheckPoint: Preparing Balance Sheets and Statements

Resource: Fundamental Accounting Principles, pp. 156 and 159

Due Date: Day 4 [Individual] forum

Complete Quick Study question QS 4 2 on p. 156 and Exercises 4 4 and 4 5 on p. 159.

Post your answers as an attachment.

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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 5 8 on p. 206 and Exercises 5 9 and 5 13 on pp.

208 209.

Post your answers as an attachment.

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ACC 225 WEEK 6 CHECKPOINT COMPUTING INVENTORY BALANCES AND LOWER OF COST OR MARKET(UOP)

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CheckPoint: Computing Inventory Balances and Lower of Cost or Market

Resource: Fundamental Accounting Principles, pp. 247 249

Due Date: Day 4 [Individual] forum

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 7 CHECKPOINT ACCOUNTING INFORMATION SYSTEMS AND SPECIAL JOURNALS(UOP)

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CheckPoint: Accounting Information Systems and Special Journals

Resource: Fundamental Accounting Principles, pp. 289, 290, and 291

Due Date: Day 5 [Individual] forum

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.

Post your answers as an attachment.

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ACC 225 WEEK 8 ASSIGNMENT INTERNAL CONTROL AND BANK RECONCILIATIONS(UOP)

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Assignment: Internal Control and Bank Reconciliations

Resource: Fundamental Accounting Principles, pp. 338 and 339

Due Date: Day 7 [Individual] forum

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

Post your answers as an attachment.

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ACC 225 WEEK 8 CHECKPOINT INTERNAL CONTROL AND BANK RECONCILIATIONS(UOP)

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CheckPoint: Internal Control and Bank Reconciliations

Resource: Fundamental Accounting Principles, pp. 335 and 336

Due Date: Day 4 [Individual] forum

Complete Quick Study question QS 8 6 on p. 335, and Exercises 8 3 and 8 4 on p. 336.

Post your answers as an attachment.

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