DU ACCT510 Complete course (discussions+assignment) latest
DU
ACCT510 Complete course (discussions+assignment) latest
DU ACCT510 Complete course
(discussions+assignment) latest
Week 1 Discussion
To receive full credit for Week
One of the discussion board, you must post the following:
- At leastone answer for each chapter assigned (Chapters
1-3)
- At least two replies to the posts of other students
For full credit you must complete a
total of five significant posts
Keep in mind that five posts is the
minimum required, but more involvement on your part will increase the benefit
you will receive from this class
Chapter 1Introduction to Accounting
and Business
Describe the types and forms of businesses, how businesses make money, and business stakeholders
Describe the three business activities of financing, investing, and operating
Define accounting and describe its role in business
Describe and illustrate the basic financial statements and how they interrelate
Describe eight accounting concepts underlying financial reporting
Describe the types and forms of businesses, how businesses make money, and business stakeholders
Describe the three business activities of financing, investing, and operating
Define accounting and describe its role in business
Describe and illustrate the basic financial statements and how they interrelate
Describe eight accounting concepts underlying financial reporting
Chapter 2 Analyzing Transactions
Describe the basic elements of a financial accounting information system
How do you analyze, record, and summarize transactions for a corporation’s first period of operations?
How do you prepare financial statements for a corporation’s first period of operations?
How do you analyze, record, and summarize transactions for a corporation’s second period of operations?
How do you prepare financial statements for a corporation’s second period of operations?
Describe the basic elements of a financial accounting information system
How do you analyze, record, and summarize transactions for a corporation’s first period of operations?
How do you prepare financial statements for a corporation’s first period of operations?
How do you analyze, record, and summarize transactions for a corporation’s second period of operations?
How do you prepare financial statements for a corporation’s second period of operations?
Chapter 3 The Adjusting Process
Describe basic accrual accounting concepts, including the matching concept
How do you use accrual concepts to analyze, record, and summarize transactions?
Describe and illustrate the end-of-period adjustment process
How do you prepare financial statements using accrual concepts of accounting, including a classified balance sheet?
Describe how the accrual basis of accounting enhances the interpretation of financial statements
Describe basic accrual accounting concepts, including the matching concept
How do you use accrual concepts to analyze, record, and summarize transactions?
Describe and illustrate the end-of-period adjustment process
How do you prepare financial statements using accrual concepts of accounting, including a classified balance sheet?
Describe how the accrual basis of accounting enhances the interpretation of financial statements
Week 2, answer any 3 of the
following questions
Chapter 4 Completing the Accounting Cycle
Define and discuss actions to
complete the Accounting Cycle
Define and discuss why the
Accounting Cycle must be completed
Define and discuss temporary and why
they must be closed
What are the characteristics of a
Classified Balance sheet?
What does the current ratio reveal
about a company’s financial condition?
Define and discuss the post-closing
trial balance and its purpose
Chapter 5Accounting Systems
Describe Accounting systems, their
structure and purpose
What are Subsidiary ledgers and
special journals and what purpose do they serve?
Describe a computerized accounting
system- describe advantages/disadvantages?
Discuss the features of E-Commerce
What is a segment analysis and what
purpose does it serve?
Answer any 3 of the following
items-1 from each chapter
Chapter 6 — Accounting for Merchandising Businesses
Define and discuss Cost of Goods
sold
Define and discuss the several
inventory control systems
Discuss the Operating Cycle for a
Merchandiser
Discuss the sales of merchandise and
the sales discounts,
How are Sales Returns and Allowances
handled? Define and discuss
How do you perform the Adjusting
Entries for Merchandiser?
Discuss how to prepare adjustments
and close accounts for a merchandising company
Define and discuss Financial
Statements
What purpose do these Financial
Statements play?
What purpose do closing entries provide?
Chapter 7 – Inventories
What is the purpose of inventory?
Define and discuss Goods in Transit,
Goods on Consignment, Goods Damaged or Obsolete
What methods are used to value
inventory?
Define and discuss Internal Controls
and Taking a Physical Count
What is the Perpetual Inventory
System, and its structure? Discuss the advantages and disadvantages
What is the Last-in, First-out
System, how the inventory is valued? Discuss the advantages and disadvantages
What is the Weighted Average System
and how the inventory is valued? Discuss the advantages and disadvantages
What is the Lower of Cost or Market
and how the inventory is valued? Discuss the advantages and disadvantages
Chapter 8 – Sarbanes-Oxley, Internal Control, and Cash
What is the purpose ofSarbanes-Oxley
legislation requirements?
What are the principles of Internal
Controls?
What is the purpose of Internal
Controls?
Define and discuss Internal Controls
Why should responsibilities and
documentation be established for Internal Controls?
Why should separation / segregation
of duties be established? Provide examples
How do management reviews help
establish a strong Internal Controls system?
What would limit Internal Controls?
Answer any 3 of the following items
Chapter 9 Receivables
Define and discuss when an Account
Receivable should be established
Is a receivable an asset or a
liability? Provide reasoning
What happens when a Receivable is
uncollectable?
What is a Note Receivable? What
types of terms usually exist? How is the interest calculated?
What is done to record an Honored
Note? Discuss
What is done to record a Dishonored
Note? Discuss
How are Receivables sold / factored?
What are the advantages? What are the disadvantages? Discuss
Tom
Answer any three of the following
items One from each chapter
Chapter 13– Corporations: Organization, Stock Transaction, and
Dividends
Discuss the characteristic of
corporations and their related organization
Define and discuss the item of
corporate stock What are the classes of stock? How do these classes differ?
What are retained earnings? Define
and discuss the items contained in retained earnings
Define and discuss earnings per
share; price-earnings ratio and dividend yield
Define the book value and explain
its use in financial / corporate analysis
Chapter 15– Investments and Fair Value Accounting
Distinguish between debt and equity
securities and between short-term and long-term investments- discuss details
Describe how to report equity
securities with controlling influence
Appendix 15A—Explain foreign exchange rates and record transactions
listed in a foreign currency
Distinguish between debt and equity
securities and between short-term and long-term investments
Discuss how to compute and analyze
the components of return on total assets
Chapter 16– Statement of Cash Flows
Distinguish between operating,
investing, and financing activities, and describe how noncash investing and
financing activities are disclosed
Discuss the statement of cash flows-
what is its purpose?
Answer any THREE[3] of the following
questions
Chapter 17 — Analysis of financial Statements
Define and discuss the basics of
financial statement analysis What is the purpose of this analysis? What
additional useful information may be produced by the analysis activities?
Define and discuss the basics of
horizontal analysis of financial statement analysis What is the purpose of this
type of analysis?
Define and discuss the basics of
vertical analysis of financial statement analysis What is the purpose of this
type of analysis?
Define and discuss the basics of
ratio analysis of financial statement analysis What is the purpose of this type
of analysis?
Answer any three of the following
items
Chapter 19 — Job Order Costing
Describe important features of job
order production
How is the accounting system
tailored to capture the expenditures?
Explain job cost sheets and how they
are used in job order cost accounting
Apply job order costing in pricing
services
Chapter 20 — Process Cost Systems
Explain process operations and the
way they differ from job order operations
Define and discuss how to compute
equivalent units and explain their use in process cost accounting
Describe and discuss accounting for
production activity and preparation of a process cost summary using weighted average
Appendix 20A—Describe and discuss accounting for production activity and
preparation of a process cost summary using FIFO
Compare process cost accounting and
job order cost accounting
Explain and illustrate a hybrid
costing system
This is a large homework problem
requiring you to record transactions for a merchandising company in special
journals (see chapter seven), post to the general ledger and subsidiary ledgers
and prepare adjusting entries, financial statements, closing entries and a
post-closing trial balance This problem is assigned at course beginning but not
due until Week 6 Click on the link directly above to submit your assignment for
grading
Start early and pace yourself Here
are all the files you will need
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