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XACC 280 week 1 CheckPoint Accounting Assumptions, Principles, and Constraints

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XACC 280 Week 1 CheckPoint Accounting Assumptions, Principles, and Constraints

XACC 280 Week 1 CheckPoint The Accounting Equation

XACC 280 Week 1 Discussion Question 1 & 2

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1. CheckPoint: Accounting Assumptions, Principles, and Constraints

• Write an essay in 250 to 300 words, including the following:

o The basic assumptions of accounting

o The principles of accounting

XACC 280 Tutorials

XACC 280 week 1 Discussion Question 1 & 2

XACC 280 Week 2 Assignment Journalizing, Posting, and Preparing a Trial Balance

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1. Discussion Questions

• 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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1 Assignment: Journalizing, Posting, and Preparing a Trial Balance

• 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.

XACC 280 Tutorials

XACC 280 week 2 CheckPoint Debits and Credits

XACC 280 week 3 CheckPoint Adjusting Entries, Posting, and Preparing an Adjusted Trial Balance

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1. CheckPoint: Debits and Credits

• View PhxKlips Debits and Credits on your student Web site.

• Complete the questions and fill in the Account Changes matrix in Appendix B.

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Define e-business and e-commerce. How are they similar? How do they differ? Can the two terms be used interchangeably?

1. What are B2B, B2C, and G2C transactions? How do they differ? How does each type of transaction benefit from conducting business using the Internet?

XACC 280 Tutorials

XACC 280 week 3 CheckPoint Adjusting Entries, Posting, and Preparing an Adjusted Trial Balance

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CheckPoint: Adjusting Entries, Posting, and Preparing an Adjusted Trial Balance

• Complete parts a, b, and c of P3-1A on pp. 128–129 of Financial Accounting.

• Use the templates in Appendix D. Complete all three tabs.

XACC 280 week 3 Discussion Question 1 & 2

XACC 280 week 4 Assignment Preparing a Financial Statement Worksheet

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Discussion Questions

• What would be the effect of removing either the Matching Principle or the Revenue Recognition Principle from the process? Use a concrete example of how doing so might affect accounting in a given period.

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Assignment: Preparing a Financial Statement Worksheet

• Complete E4-1 on pp. 176–177 of Financial Accounting.

• Use the template in Appendix E to complete the 10-column worksheet.

XACC 280 Tutorials

XACC 280 week 4 CheckPoint Subsidiary Ledgers and Special Journals

XACC 280 week 5 CheckPoint Closing Entries and a Post Closing Trial Balance

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CheckPoint: Subsidiary Ledgers and Special Journals

• Explain in 250 to 300 words, your answers to the following:

o What are the advantages of the four different special journals? When would you use each type?

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CheckPoint: 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.

1. Post the completed Appendix F as an attachment.

XACC 280 Tutorials

XACC 280 week 5 Discussion Question 1 & 2

XACC 280 week 6 Assignment Comprehensive Problem

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1. Discussion Questions

• What are reversing entries and why are they 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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1. Assignment: Comprehensive Problem

• Complete the Comprehensive Problem on pp. 189–190 of Financial Accounting.

• Use the templates in Appendix G to complete the problem; complete all six tabs.

XACC 280 Tutorials

XACC 280 week 6 CheckPointThe Nine Steps of the Accounting Cycle

XACC 280 week 6 Exercise Financial Statements

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1. CheckPoint: 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.

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1. Exercise: Financial Statements

2. Post one or two new concepts you learned from each of the PhxKlips

XACC 280 Tutorials

XACC 280 week 7 CheckPoint Ratio, Vertical, Horizontal Analyses

XACC 280 week 7 Discussion Question 1 & 2

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CheckPoint: Ratio, Vertical, and Horizontal Analyses

The calculations you perform for this CheckPoint form the basis of your analysis of your capstone project.

• Write in 100 to 200 words an explanation of the three tools of financial statement analysis and the function of each.

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Discussion Questions

• 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.

XACC 280 Tutorials

XACC 280 week 7 Exercise Career Opportunities for Accountants

XACC 280 week 8 Assignment Internal Controls

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1. Exercise: Career Opportunities for Accountants

• Post your response to the following items:

o Describe two business sectors you might want to work in if you were an accountant and explain why in 150 to 200 words.

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Assignment: Internal Controls

• Write a 750- to 1,050-word paper in APA format, including citations and references, summarizing your ideas about internal controls.

XACC 280 Tutorials

XACC 280 week 8 CheckPoint Impacts of Unethical Behavior

XACC 280 week 8 CheckPoint Regulatory Bodies

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1. CheckPoint: 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 250- to 300-word response that summarizes your ideas about the following:

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CheckPoint: Regulatory Bodies

• Post your response to the following question, using 250 to 300 words: What are the major regulatory bodies and their functions?

XACC 280 Tutorials

XACC 280 Tutorials