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ACC 421 complete course

ACC 421 complete course
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ACC 421 complete course

 

 

 

Week 1

Summary

Individual assignment: Accounting Cycle Paper

Individual Assignments: From the Text

Write responses to Concepts for Analysis CA1-11 & CA1-12 in Ch. 1 of Intermediate Accounting.

DQs

1. The Sarbanes-Oxley Act was enacted to combat fraud and curb poor reporting practices. What are some key provisions of this legislation? Do you believe that after Sarbanes-Oxley, there is less fraud in the financial reporting overall? 

2. Distinguish between cash-basis accounting and accrual basis accounting. Why is accrual-basis accounting acceptable for most business enterprises and the cash basis

unacceptable in the preparation of an income statement and a balance sheet?

 3. What are the four different adjusting journal entries? What accounting assumptions necessitate the use of adjusting entries?  What are your thoughts on making adjusting journal entries; are they really needed or is this just extra work for accountants? 

 

Week 2

Summary

Individual assignment:  From the Text

Write responses to Exercises E2-2, E2-4, and E2-7 in Ch. 2 and Exercise E3-5 in Ch. 3 in Intermediate Accounting.

Learning Team Charter

Learning Team Assignments: From the Text

DQs

1 .What are different criteria for recognizing revenue? Why are there so many revenue recognition methods? Why are the methods subjective, and what are the implications on income statement quality?

 2 .What are the differences between regular and irregular items on an income statement? What are the requirements for items to qualify as irregular? What are some examples of irregular items? What is the effect of irregular items on an investor’s analysis of a company?

 3 .What is included in other comprehensive income? Why are items included in other comprehensive income, but not included in net income? Should these items be included in net income or not included at all? Explain your answer.

 

 

 

Week 3

Summary

Individual Assignments From the Text

Write responses to Exercises E4-6 & E4-16 in Ch. 4 and Exercises E18-4 & E18-5 in Ch. 18 of Intermediate Accounting.

Team Discussion summary Application of learning objectives

Learning Team : Assignments From the Text

DQs

1 .What are the limitations of using ratios for financial statement analysis? What are the benefits? Do different user groups focus on different ratios? Why? Which ratios would you use to analyze a company? Why?

 2 .What information is provided in the auditors’ report? Does the audit report offer any guarantees? Explain. What do you think the general public believes the auditors are providing in the audit report?

 3 .What information is contained in the balance sheet? What are limitations of the balance sheet? How can balance sheet limitations be overcome?

 

Week 4

Summary

Individual Assignments From the Text

Write responses to Exercises E5-5 & E5-12 in Ch. 5 and Exercises E24-2 & E24-4 in Ch. 24 in Intermediate Accounting.

Individual : Full Disclosure Paper

Team Discussion summary Application of learning objectives

Learning Team Assignments From the Text

DQs

1 .What does a statement of cash flows tell you about a company? Why is the statement of cash flows important? Can a company have profits but no cash? Why?

 2 .Identify and explain the major steps involved in preparing the statement of cash flows.

 3 .Differentiate between the direct method and the indirect method by discussing each method.

 

Week 5

Individual Assignments From the Text

Write responses to Exercises E6-5 & E6-10 in Ch. 6 and E23-11 & E23-12 in Ch. 23 of Intermediate Accounting.

Learning Team Assignments From the Text

Write response to Problem P23-7 in Ch. 23 of Intermediate Accounting.

 

 

 


Attachments:

ACC_421_complete_course.zip (260.1 K)

[

ACC 421 Week 3 DQs.doc (17920 K)  

ACC 421 Week 3 Summary.doc (13312 K)  

ACC 421 Week 2 Summary.doc (13312 K)  

ACC 421 Week 4 DQs.doc (16384 K)  

ACC 421 Week 3 Individual Assignments from the Text.xlsx (5879 K)  

ACC 421 Week 4 Summary.doc (13312 K)  

ACC 421 Week 4 Individual Full Disclosure Paper.doc (18944 K)  

ACC 421 Week 3 Team Discussion summary Application of learning objectives.doc (38912 K)  

ACC 421 Week 3 Team Assignments from the Text.xls (55296 K)  

ACC 421 Week 1 DQs.doc (17408 K)  

ACC 421 Week 4 Individual Assignments from the Text.xlsx (5234 K)  

ACC 421 Week 4 Team Assignments from the Text.xlsx (8804 K)  

ACC 421 Course Syllabus.doc (84480 K)  

ACC 421 Week 1 Summary.doc (13824 K)  

ACC 421 Week 2 DQs.doc (17920 K)  

ACC 421 Week 1 Individual Accounting Cycle Paper.doc (18432 K)  

ACC 421 Week 5 Team Assignments from the Text.xls (24576 K)  

ACC 421 Week 2 Learning Team Charter.doc (50688 K)  

ACC 421 Week 4 Team Discussion summary Application of learning objectives.doc (32768 K)  

ACC 421 Week 5 Individual Assignments from the Text.xlsx (4482 K)  

ACC 421 Week 1 Individual Assignments from the text.xlsx (0 K)  

ACC 421 Week 2 Individual Assignments from the Text.xlsx (1235 K)  

ACC 421 Week 2 Team Assignments from the Text.doc (162304 K)  ]...

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