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ACC 201 Principles of Financial Accounting,

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Question;ACC 201 Principles of;Financial Accounting;Week 1;Chapter 1 and 2 Practice Exercises: 1-2, 1-4, 1-9, 1-12;1-18, 2-1, 2-3, 2-19, 2-22, 2-25.;Memo to Blair;Complete the writing assignment, ATC 1-4 from Chapter 1 and submit to your;instructor.;Week 2 Discussion 1: 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.;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;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;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;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.;Week 3 Assignment GAAP and 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.);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;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;Week 3 Discussion: 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.;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;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;Week 4 Discussion: 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.;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.;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;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.;Week 5 Discussion: 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

 

Paper#38206 | Written in 18-Jul-2015

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