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University of Phoenix ACC 290 Principles of Accounting I PaperScholar Study Aids
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University of Phoenix ACC 290 Principles of Accounting I

University of Phoenix ACC 290 Principles of Accounting I

 

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Week One: Basic Accounting Principles and Concepts
 
Discussion Questions Respond to weekly discussion questions.download tutorial
IndividualFinancial Statements Paper Write a 700- to 1,050-word paper in which you do the following:

  • 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 managers and employees.
  • Discuss how the financial statements would be useful to external users such as investors and creditors.

 

Format the paper consistent with APA guidelines.

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Week Two: Starting the Accounting Cycle
 
Discussion Questions Respond to weekly disussion questions.download tutorial

 

IndividualWILEY PLUS: WileyPLUS Assignment Week Two Resources: WileyPLUS and Financial AccountingAccess WileyPLUS using the link on the student website.Complete the following in WileyPLUS: 

  • Exercise E3-4
  • Exercise E3-9
  • Problem 3-5A
  • Problem 3-6A

 

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Learning TeamWeekly  Reflection 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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Week Three: Completing the Accounting Cycle
 
Discussion Questions Respond to weekly discussion questions.download tutorial
IndividualWILEY PLUS: WileyPLUS Assignment Week Three Resources: WileyPLUS and Financial AccountingAccess WileyPLUS using the link on the student website.Complete the following in WileyPLUS:

  • Brief Exercise BE4-1
  • Problem P4-2A
  • Problem P4-3A

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Learning TeamWeekly Reflection 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 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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Week Four: Inventory
Discussion Questions Respond to weekly discussion questions.download tutorial
IndividualWILEY PLUS: WileyPLUS Assignment Week Four  Resources: WileyPLUS and Financial AccountingAccess WileyPLUS using the link on the student website.Complete the following in WileyPLUS:

  • Problem 4-8A.

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Learning TeamWeekly Reflection 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 worksheet.
  • 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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Week Five: Internal Controls
 
Discussion Questions Respond to weekly discussion questions.download tutorial
IndividualFinal Examination Resource: Financial AccountingClick the link to the Final Examination on the student website available from the end of Week Four through the end of Week Five.Complete the Final Examination. You are allowed one attempt to complete the exam, which is timed and must be completed in 3 hours. Results are auto graded and sent to your instructor.Note. Final Examination questions are adapted from Financial Accounting: Tools for Business Decision Making.download tutorial
 
IndividualWILEY PLUS: WileyPLUS Assignment Week Five  Resources: WileyPLUS and Financial AccountingAccess WileyPLUS using the link on the student website.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
  • Brief Exercise BE7-6

 

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Learning TeamWeekly Reflection Discuss the following:

  • 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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