# ACC 290 UOP Tutorial/Uoptutorial

ACC 290 ENTIRE COURSE

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ACC 290 Week 1 Discussion Question 1

ACC 290 Week 1 Discussion Question 2

ACC 290 Week 1 Individual Assignment Financial Statements Paper

ACC 290 Week 2 Discussion Question 1

ACC 290 Week 2 Discussion Question 2

ACC 290 Week 2 Individual WileyPLUS Assignment Week Two -Exercise E3-4 ,E3-9 Problem 3-5A, 3-6A

ACC 290 Week 2 LT Reflection Summary

ACC 290 Week 3 Discussion Question 1

ACC 290 Week 3 Discussion Question 2

ACC 290 Week 3 - Individual WileyPLUS Assignment Week Three - Exercise BE4-1, Problem P4-2A and P4-3A

ACC 290 Week 3 LT Reflection Summary

ACC 290 Week 4 Discussion Question 1

ACC 290 Week 4 Discussion Question 2

ACC 290 Week 4 Individual WileyPLUS Assignment Week Four - Problem 4-8A

ACC 290 Week 4 Learning Team Financial Reporting Problem, Part 1

ACC 290 Week 4 LT Reflection Summary

ACC 290 Week 5 Discussion Question 1

ACC 290 Week 5 Individual WileyPLUS Assignment Brief Exercise BE5-1, Brief Exercise BE5-2, Brief Exercise BE6-5, Brief Exercise BE6-7, Brief Exercise BE7-4, and Brief Exercise BE7-6

ACC 290 Week 5 Learning Team Reflection

ACC 290 Summary

ACC 290 Week 5 Individual Assignment Financial Reporting Problem Part II

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ACC 290 FINAL EXAM GUIDE

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1) Which financial statement is used to determine cash generated from operations?

2) In terms of sequence, in what order must the four basic financial statements be prepared?

3) In classifying transactions, which of the following is true in regard to assets?

4) An increase in an expense account must be

5) ABC Corporation issues 100 shares of \$1 par common stock at \$5 per share, which of the following is the correct journal entry? 6) In the first month of operations, the total of the debit entries to the cash account amounted to \$1,400 and the total of the credit entries to the cash account amounted to \$600. The cash account has a

7) Which ledger contains control accounts?

8) Smith is a customer of ABC Corporation. Smith typically purchases merchandise from ABC on account. Which ledger would ABC use to keep track of the details of Smith’s account?

9) Under the cash basis of accounting,

10) Under the accrual basis of accounting,

11) The Vintage Laundry Company purchased \$6,500 worth of laundry supplies on June 2 and recorded the purchase as an asset. On June 30, an inventory of the laundry supplies indicated only \$2,000 on hand. The adjusting entry that should be made by the company on June 30 is

12) Greese Company purchased office supplies costing \$4,000 and debited Office Supplies for the full amount. At the end of the accounting period, a physical count of office supplies revealed \$1,100 still on hand. The appropriate adjusting journal entry to be made at the end of the period would be

13) Based on the account balance below, what is the total of the debit and credit columns of the adjusted trial balance?

15) Given the following adjusted trial balance, net income for the year is:

16) Given the following adjusted trial balance, what will be the totals for the debit and credit columns of the post-closing trial balance?

Debit Credit

Cash \$1,562

Accounts receivable 2,098

Inventory 3,124

Prepaid rent 86

Property, plant, & equipment 300

Accumulated depreciation \$52

Accounts payable 82

Unearned revenue 172

Common stock 206

Retained earnings 6,610

Service revenue 218

Interest revenue 56

Salary expense 160

Travel expense 66

Totals \$7,396 \$7,396

17) Given the following adjusted trial balance:

After closing entries have been posted, the balance in retained earnings will be

18) Net income is recorded on the work sheet under the

19) At the beginning of the year, Uptown Athletic had an inventory of \$400,000. During the year, the company purchased goods costing \$1,500,000. If Uptown Athletic reported ending inventory of \$600,000 and sales of \$2,000,000, their cost of goods sold and gross profit rate would be

20) During the year, Sarah’s Pet Shop’s merchandise inventory decreased by \$30,000. If the company’s cost of goods sold for the year was \$450,000, purchases would have been

21) At the beginning of the year, Wildcat Athletic had an inventory of \$200,000. During the year, the company purchased goods costing \$700,000. If Wildcat Athletic reported ending inventory of \$300,000 and sales of \$1,000,000, their cost of goods sold and gross profit rate would be

22) The entry to record of sale of \$900 with terms of 2/10, n/30 will include a

23) Dobler Company uses a periodic inventory system. Details for the inventory account for the

Units Per unit price Total

Balance, 1/1/2012 200 \$5.00 \$1,000

Purchase, 1/15/2012 100 5.3 530

Purchase, 1/28/2012 100 5.5 550

An end of the month (1/31/2012), inventory showed that 140 units were on hand. If the company uses LIFO, what is the value of the ending inventory?

24) The difference between ending inventory using LIFO and ending inventory using FIFO is referred to as

25) A consistent application of an inventory costing method enhances

26) The accountant at Patton Company has determined that income before income taxes amounted to \$11,000 using the FIFO costing assumption. If the income tax rate is 30% and the amount of income taxes paid would be \$300 greater if the LIFO assumption were used, what would be the amount of income before taxes under the LIFO assumption?

27) A very small company would have the most difficulty in implementing which of the following internal control activities?

28) A system of internal control

29) The custodian of a company asset should

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ACC 290 Week 1 Individual Assignment Financial Statements Paper

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Individual - Financial Statements Paper - Prepare a 700 -1,050 word paper in which you identify the four basic financial statements. Describe the purpose of each of the four financial statements. Discuss how the financial statements would be useful to internal users, such as to managers and employees. Discuss how the financial statements would be useful to external users, such as investors and creditors. Format paper according to APA standards.

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ACC 290 Week 2 Individual WileyPLUS Assignment Week Two -Exercise E3-4 ,E3-9 Problem 3-5A, 3-6A

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WileyPLUS and Financial Accounting.

Complete the following in WileyPLUS: Exercise E3-4, Exercise E3-9,Problem 3-5A, Problem 3-6A

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ACC 290 Week 2 LT Reflection Summary

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Discuss the objectives for Week One. How do they relate to the practice of accounting and its uses in business? Identify the four basic financial statements. Classify transactions using the rules of debit and credit. Journalize basic transactions. Discuss how financial statements would be useful to external users such as investors and creditors. Write a 350 to 500 word summary of your Learning Team’s discussion.

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ACC 290 Week 3 LT Reflection Summary

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Discuss the objectives for Week Two. What do you think will be the most important of the skills learned when you are in an accounting position? Differentiate between accrual basis and cash basis of accounting. Create Adjusting Entries. Prepare an adjusted trial balance. Write a 350 to 500 word summary of your Learning Team’s discussion.

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ACC 290 Week 4 LT Reflection Summary

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Reflection and Financial Reporting Problem Part I.

Discuss the objectives for Week Three. How do they relate to the practice of accounting and its uses in business? Prepare closing entries, reversing entries, and a post closing trial balance. Prepare a financial statement work sheet. Prepare a classified income statement, retained earnings statement and balance sheet. Write a 350 to 500 word summary of your Learning Team’s discussion.

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ACC 290 Week 5 LT Reflection Summary

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Reflection and Financial Reporting Problem Part II.

Discuss the objectives for Week Four. In the wake of accounting scandals over the past several years, how has the Sarbanes-Oxley Act (SOX) of 2002 affected the practice of accounting? What is the role of internal controls in complying with SOX (2002)? Write a 350 to 500 word summary of your Learning Team’s discussion.

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ACC 290 Week 3 Individual Wileyplus Assignment Exercise BE4-1

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we have another New set of week 4 Willeyplus assignment which could be found on this link

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Complete the following in WileyPLUS: Brief Exercise BE4-1, Problem P4-2A, and Problem P4-3A

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ACC 290 Week 4 Individual WileyPLUS Assignment Problem 4-8A

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we have another New set of week 4 Willeyplus assignment which could be found on this link

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Complete the following in WileyPLUS: Problem P4-8A

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ACC 290 Week 4 Learning Team Financial Reporting Problem, Part 1

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Financial Reporting Problem Part I

Browse the Internet to acquire a copy of the most recent annual report for a publicly traded company. Analyze the information contained in the company’s balance sheet and income statement to answer the following questions:

What are the company’s total assets at the end of its most

What are the total assets at the end of the previous annual reporting period?

How much cash and cash equivalents did the company have at the end of its most recent annual reporting period?

What amount of accounts payable did the company have at the end of its most recent annual reporting period?

What amount of accounts payable did the company have at the end of the previous annual reporting period?

What are the company’s net revenues for the last three annual reporting periods?

What is the change in dollars in the company’s net income from its most recent annual reporting period to the previous annual reporting period?

What are the company’s total current assets at the end of its most recent annual reporting period?

What are the total current assets at the end of the previous annual reporting period?

What in the information above would be important to a potential investor, employee, and so on?

Summarize the analysis in a 1,050-1,400 word paper in a MicrosoftWord document. Include a copy of the company’s balance sheet and income statement. Format your paper consistent with APA guidelines.

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ACC 290 Week 5 Individual Wileyplus Assignment

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we have another New set of week 5 Willeyplus assignment which could be found on this link

http://www.uoptutorial.com/index.php?route=product/product&path=737&product_id=11099

Complete the following in WileyPLUS: Brief Exercise BE5-1, Brief Exercise BE5-2, Brief Exercise BE6-5, Brief Exercise BE6-7, Brief Exercise BE7-4, and Brief Exercise BE7-6

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ACC 290 Week 5 Team Assignment Financial Reporting Problem Part II

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FINANCIAL Reporting Problem Part II

Access the internet to acquire a copy of the most recent annual report for the public traded company used to complete the Financial Reporting Problem, Part 1 assignment due in week Four. Analyze the information contained in the company’s balance sheet and income statement to answer the following questions:

Are the assets included under the company’s current assets listed in the proper order? Explain your answer.

How are the company’s assets classified?

What are cash equivalents?

What are the company’s total current liabilities at the end of its most recent annual reporting period?

What are the company’s total current liabilities at the end of the previous annual reporting period?

Considering all the information you have gathered, why might this information be important to potential creditors, investors, and employees?

Summarize the analysis in a 1,050-1,400 word paper in a Microsoft Word document. Include a copy of the company’s balance sheet and income statement. Format your paper and presentation consistent with APA guidelines.