Description
ACC 201 Week 1 Chapter 1 and 2 Practice
Exercises
Complete the following practice exercises from Chapter 1 and 2
and submit them to your instructor. This assignment will be graded as a
completion only to allow you to transition into the subject matter during the
first week. The instructor will post the answers to these exercises by the end
of Day 6 for you to check your accuracy and comprehension on the subject
matter. Exercises: 1-2, 1-4, 1-9, 1-12, 1-18, 2-1, 2-3, 2-19, 2-22, 2-25.
ACC 201 Week 1 Memo to Blair
Complete the writing assignment, ATC 1-4 from Chapter 1 and
submit to your instructor.
ACC 201 Week 2 DQ1 Fraud
Discuss in general the ethical issues when employees are tempted
to defraud their employer or when companies defraud the public. What sort of
situations can lead to this behavior? What are the costs of fraudulent
behavior? What kind of controls can help prevent ethical problems? Cite an
example of unethical behavior (not necessarily limited to fraud) that you are
aware of from personal experience or have read about that is related to business.
After you have posted your original thread be sure to respond to at least two
other students’ original threads.
ACC 201 Week 2 DQ2 Debit Credit
Read and answer Chapter 4, Question 21 on the effects of debit
and credit memo’s on the Cash account. Explain in 200 words. Respond to at
least two of your classmates’ postings
ACC 201 Week 2 Chapter 3 Problems
Complete the following problems from Chapter 3 and submit to
your instructor. These problems will be graded for accuracy. Problems: 3-22,
3-25
ACC 201 Week 2 Chapter 4 Problems
Complete the following problems from Chapter 4 and submit to
your instructor. These problems will be graded for accuracy. Problems: 4-20,
4-21
ACC 201 Week 2 Assignment FASB Paper
Go to the website of the Financial Accounting Standards Board,
www.fasb.org. Write a paper, in at least 400 words, that describes the mission
of FASB, how it is organized, how it functions, and who grants the authority of
FASB to issue accounting standards. Also, research the most recent accounting
issues that FASB is taking into consideration.
ACC 201 Week 3 Assignment GAAP &
Ethics
Read ATC 6-5 of Chapter 6 and answer part a. Additionally, given
what you have learned about financial accounting so far, think of as many ways
that you could “adjust” the financial records to make your company look better
yet still follow GAAP and ethical guidelines. (Hint: think of the choices that
can be used in the various accounting methods you have learned: i.e., inventory
valuation methods.)
ACC 201 Week 3 Chapter 5 Problems
Complete the following problems from Chapter 5 and submit to
your instructor. These problems will be graded for accuracy. Problems: 5-24,
5-26
ACC 201 Week 3 Chapter 6 Problems
Complete the following problems from Chapter 6 and submit to
your instructor. These problems will be graded for accuracy. Problems: 6-27,
6-28, 6-32
ACC 201 Week 3 DQ Credit Sales and
Collections
Review ATC 5-4 of Chapter 5 and post your thoughts on the question
regarding the issues and procedures that a business must consider when dealing
with credit sales and collections. Summarize your recommendations in memo form.
Respond to at least two other students with critique and challenges to their
recommendations.
ACC 201 Week 4 Chapter 7 Problems
Complete the following problems from Chapter 7 and submit to
your instructor. These problems will be graded for accuracy. Problems: 7-26,
7-27, 7-28
ACC 201 Week 4 Chapters 8 Problems
Complete the following problems from Chapter 8 and submit to
your instructor. These problems will be graded for accuracy. Problems: 8-18,
8-23
ACC 201 Week 4 DQ Enron
Read ATC 7-5 in Chapter 7. This situation is very similar to
what a company called Enron did several years ago. Use the internet or the
university library to research exactly what Enron did in their accounting
procedures and what eventually happened to the company. Post your findings and
understanding of Enron’s story and respond to two other students’ postings with
enhancements or additions to the Enron situation.
ACC 201 Week 4 Memo to Baku and Hanson
Read ATC 8-4 in Chapter 8 and write a memo describing the
advantages and disadvantages of organizational forms. You may research other
sources regarding accounting internal controls. The paper should be at least
400 words and should include your personal observations and conclusions.
ACC 201 Week 5 Chapter 9 Problem
Complete the following problem from Chapter 9 and submit to your
instructor. Problem: 9-23. This problem will be graded for accuracy
ACC 201 Week 5 Stock Options Paper
In recent months there have been many news stories in the press
about executive compensation with stock options. This type of compensation
occurs when an executive is granted the “option” to purchase the company’s
stock at a certain price sometime in the future. The theory is if the executive
is effective his management skills will lead to a higher stock price. As a
reward the executive can purchase the stock at the earlier, lower price and lock
in an automatic gain in his shares. However, certain companies have been
falsifying the actual date when the stock options are granted to their
executives. Research this situation on the internet or through the university
library. Write a 400-word paper describing the situation and the implications
of the practice including any legal or ethical ramifications.
ACC 201 Week 5 DQ Financial Analysis
Read ATC 9-3 in Chapter 9 and post your analysis of Whirlpool’s
acquisition of Maytag. Respond to at least two other students with critiques
and challenges to their assertions
Reviews
There are no reviews yet.