ACCT 212 Devry Course Tutorial ( devrycart.com)
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ACCT 212 Course Project

ACCT 212 Course Project | ACCT 212 Devry Course Tutorial ( devrycart.com) | Scoop.it
Prepare a bank reconciliation using B & B’s Restaurant Supply Inc.’s information for August 31.
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 TCO 1) The Accounting Equation is used to develop the organizations financial reports. (1) Describe what owners' equity values would be if Assets are $100,000 and Liabilities are $27,000 by showing the Accounting Equation (10 points) and (2) provide an explanation of what accounts could be found in owners' equity. (10 points)

(TCO 1) The financial statements present a company to the public in financial terms. (1) Which financial statement identifies where cash was generated and where it was spent during the year (10 points) and (2) identify the three major parts of this statement. (10 points)

(TCO 1) The accounting profession follows a set of guidelines for measurement and disclosure of financial information called the Generally Accepted Accounting Principles (GAAP). (1) Explain what the International Financial Reporting Standards (IFRS) are (10 points) and (2) provide an example of its application. (10 points)

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ACCT 212 Final Exam

ACCT 212 Final Exam | ACCT 212 Devry Course Tutorial ( devrycart.com) | Scoop.it
Linda’s Lampshades started business on Jan. 1, 2001. They had the following inventory transactions
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    At the end of the period it is necessary to close all temporary accounts. (1) Explain why this process is required (10 points) and (2) provide an example of the closing of an expense account, Supplies Expense in the form of a journal entry

2. (TCO 2) As required to complete Course Project 1, one must follow the cycle that includes 10 steps to complete the accounting cycle. (1) Explain how to construct an Unadjusted Trial Balance (10 points) and (2) provide an example of the application of the debit/credit rules in the development of the trial balance

(TCO 5) Internal Control Procedures are required to safeguard company assets and to ensure ethical operation of the business. (1) Explain how limited access can satisfy the purpose of internal control (10 points) and (2) provide an example of how this control could be implemented

4. (TCO 4) Inventory valuation methods determine the cost of goods sold and the inventory balance. (1) Explain how the Last in First out (LIFO) method is applied (10 points) and (2) provide an example of the impact that this method of inventory valuation will have on Gross Profit

5. (TCO 1) To evaluate the financial operation and health of a business ratio analysis is used. (1) Provide the formula for the Acid-test (or Quick) Ratio and explain how it is computed (10 points) and (2) provide an example of how this ratio can be used in decision-making in business.

 

 

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ACCT 212 Week 1-7 All Discussion Questions

ACCT 212 Week 1-7 All Discussion Questions | ACCT 212 Devry Course Tutorial ( devrycart.com) | Scoop.it
Week 1 DQ1 Financial Statements

Week 2 DQ1 Prepaid Expenses vs. Unearned Revenue

Week 2DQ2 Accrual vs. Cash Accounting

Week 3DQ1 Ethical Business Decisions
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Week 1 DQ1 Financial Statements

Week 2 DQ1 Prepaid Expenses vs. Unearned Revenue

Week 2 DQ2 Accrual vs. Cash Accounting

Week 3 DQ1 Ethical Business Decisions

Week 3 DQ2 Trade Credit - Accounts Payable

Week 4 DQ1 Inventory Management

Week 4 DQ2 LIFO

Week 5 DQ1 Non-current Assets and Related Liabilities

Week 5 DQ2 Raising Capital (Cash)

Week 6 DQ1 Stockholders Equity

Week 6 DQ2 Net Income vs. Net Operating Cash

Week 7 DQ1 Financial Statement Analysis

 

 

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ACCT 212 Entire Course

ACCT 212 Entire Course | ACCT 212 Devry Course Tutorial ( devrycart.com) | Scoop.it
ACCT 212 Course Project

ACCT 212 Week 4 Midterm

ACCT 212 Week 1-7 All Discussion Questions
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ACCT 212 Course Project

ACCT 212 Week 4 Midterm

ACCT 212 Week 1-7 All Discussion Questions

ACCT 212 Week 1 DQ1 Financial Statements

ACCT 212 Week 2 DQ1 Prepaid Expenses vs. Unearned Revenue

ACCT 212 Week 2DQ2 Accrual vs. Cash Accounting

ACCT 212 Week 3DQ1 Ethical Business Decisions

ACCT 212 Week 3DQ2 Trade Credit - Accounts Payable

ACCT 212 Week 4DQ1 Inventory Management

ACCT 212 Week 4DQ2 LIFO

ACCT 212 Week 5DQ1 Non-current Assets and Related Liabilities

ACCT 212 Week 5DQ2 Raising Capital (Cash)

ACCT 212 Week 6DQ1 Stockholders Equity

ACCT 212 Week 6DQ2 Net Income vs. Net Operating Cash

ACCT 212 Week 7DQ1 Financial Statement Analysis

 

 

 

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