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acc205 and ashford university full course

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Question;ACC205: Principles of Accounting;Week 1;Discussions;To participate in the following discussions, go to this week's Discussion link in the left navigation.;Accounting Equation;As you have learned in this;week?s readings the Accounting Equation is Assets = Liabilities + Owners?;Equity. Is the accounting equation true in all instances?;Provide sample transactions from your own experiences to demonstrate the;validity of the Accounting Equation.;Guided Response;Review several of your peers? posts and identify some core components that;you feel should be included in every transaction. Respond to at;least two of your peers and provide recommendations to extend their;thinking. Challenge your peers by asking a question that may cause;them to reevaluate or add components to their transactions.Accounts;What does the term;account mean? What are the;different classifications of accounts? How do the rules for debits;and credits impact accounts? Please provide an example of how debits;and credits impact accounts.;Guided Response;Analyze several of your peers? posts. Let at least two of your peers;know if this knowledge could be used in their everyday lives. Is so;how? If not, why not?;Exercise Assignment;To complete the following assignment, go to this week's Assignment link in the left navigation.;Basic;Accounting Equations;Please complete each of the exercises below in a word document. Save the;document, and submit to in week using theAssignment Submission button.;Discussions;To participate in the following discussions, go to this week's Discussion link in the left navigation.;Accounting Cycle;Financial statements are a;product of the accounting cycle. Think about two different;companies: a manufacturing company, and a retail company. Why;would different companies have different accounting cycles? Would;you expect the steps of the accounting cycle to be the same for each;company? Why or why not?;Guided Response;Review several of your peers? posts and identify what steps of the;accounting cycle that you feel are the most critical. Respond to at;least two of your peers and provide recommendations to extend their;thinking. Challenge your peers by asking a question that may cause;them to reevaluate their position on the accounting cycle. Bank Reconciliation;What is the purpose of a bank;reconciliation? What are the reasons for differences between the;cash reported in the accounting records and the cash balance in the bank;statements?;Analyze several of your peers? posts. Let at least two of your peers;know what happens to the discrepancies between the book balance and the;bank balance. Could these differences just be written off?;Guided Response;A bank reconciliation reconciles the bank account balance per the books to;the actual bank balance. Outstanding checks, deposits in transit;and bank errors are reasons there are differences between the cash;reported in the accounting records and the cash balance in the bank;statements.;Exercise Assignment;To complete the following assignment, go to this week's Assignment link in the left navigation.;Revenue and Expenses;Please complete each of the exercises below in a word document. Save the;document, and submit to in week using the Assignment Submission;button.;Week 3;Discussions;To participate in the following discussions, go to this week's Discussion link in the left navigation.;LIFO vs. FIFO;The controller of Sagehen Enterprises believes that the company should;switch from the LIFO method to the FIFO method. The controller?s;bonus is based on the next income. It is the controller?s belief;that the switch in inventory methods would increase the net income of the;company. What are the differences between the LIFO and FIFO;methods?;Guided Response;Analyze several of your peers? posts. Let at least two of your peers;know if a company is better off it switches from a LIFO method to a FIFO;method? Explain your reasoning.Depreciation;A variety of depreciation methods are used to allocate the cost of an;asset to all of the accounting periods benefited by the use of the;asset. Your client has just purchased a piece of equipment for;$100,000. Explain the concept of depreciation. Which of;the following depreciation methods would you recommend: straight-line;depreciation, double declining balance method, or an alternative method?;Guided Response;Let at least two of your peers know if a company would use an accelerated;depreciation method for their financial statements or their tax;returns. Why do you believe this would be the case?;Exercise Assignment;To complete the following assignment, go to this week's Assignment link in the left navigation.;Inventory;Please complete each of the exercises below in a word document. Save the;document, and submit to in week using the Assignment Submission;button.;Ashford 5: - Week 4;Discussions;To participate in the following discussions, go to this week's Discussion link in the left navigation.;Current Liability;What is a current liability? From the perspective of a user of;financial statements, why do you believe current liabilities are separated;from long-term liabilities? Based on your current experience as well;as and any additional research you may have done provide two examples of;situations where businesses collect monies from customers and employees;and report these amounts as a current liability.;Guided Response;Review several of your peers? posts and identify the core components of a;current liability. Respond to at least two of your peers and provide;recommendations to extend their thinking. Challenge your peers by;asking a question that may cause them to reevaluate if their example is a;current liability.Client Recommendations;A client comes to you thinking about starting a consulting business.;Your client is specifically interested in what type of entity should;be created for this new business. Based on your readings or any;additional research you may have done, discuss the advantages and;disadvantages of the following: sole proprietorship, partnership, and;corporation. Based on these advantages and disadvantages provide a;clear recommendation to your client.;Let at least two of your peers posts know if an alternative choice of;entity would be possible. What would be the benefits of this new;entity choice? Would there be any disadvantages associated with this;new entity selection.;Guided Response;Let at least two of your peers know if an alternative choice of entity;would be possible? What would be the benefits of this new entity;choice? Would there be any disadvantages associated with this new;entity selection?;Exercise Assignment;To complete the following assignment, go to this week's Assignment link in the left navigation.;Liability;Please complete each of the exercises below in a word document. Save the;document, and submit to in week using the Assignment Submission;button.;Ashford 6: - Week 5;Discussions;To participate in the following discussions, go to this week's Discussion link in the left navigation.;Ratios;Ratios provide the users of financial statements with a great deal of;information about the entity. Do ratios tell the whole story?;How could liquidity ratios be used by investors to determine whether or;not to invest in a company?;Guided Response;Let at least two of your peers know how debt service ratios can be used by;a lender in determining whether or not to lend money to a company. Profit Margin;Year;Ending December 2012;Year;Ending December 2011;Year;Ending December 2010;Revenues;40,000;35,000;33,000;Operating Expenses;Salaries;15,000;10,000;9,000;Maintenance and Repairs;6,000;9,000;10,000;Rental Expense;2,500;2,500;2,500;Depreciation;2,000;2,000;2,000;Fuel;4,000;3,500;2,500;Total Operating Expenses;29,500;27,000;26,000;Operating Income;10,500;8,000;7,000;Sales and Administrative Expenses;6,000;4,000;3,000;Interest Expense;2,500;2,000;1,000;Net Income;2,000;2,000;3,000;Above is a comparative income statement for Cecil, Inc. for;the years 2010, 2011, and 2012. Calculate the profit margin for each of;these years. Comment on the profit margin trend.;Guided Response;Let at least two of your peers posts know what you changes you would recommend;to improve the net margin of the company.;Exercise Assignment;To complete the following assignment, go to this week's Assignment link in the left navigation.;Financial RatiosPlease complete each of the exercises below in a word document. Save the;document, and submit to in week using the Assignment Submission;button. Week Five Exercise Assignment;Carefully review the Grading Rubric for;the criteria that will be used to evaluate your assignment.;Final Paper;To complete the following final paper, go to this week's Final Paper link in the left navigation.;Final PaperFocus;of the Final PaperWrite a five-to seven-page financial;statement analysis of a public company, and formatted according to APA style as;outlined in the Ashford Writing Center. In this analysis you will;discuss the financial health of this company with the ultimate goal of making a;recommendation to other investors. Your paper should consist of the;following sections: introduction, company overview, horizontal analysis, ratio;analysis, final recommendation, and conclusions. Your paper needs to;include a minimum of two scholarly resources in addition to the textbook as;references.;Here is a breakdown of the sections within the body of the assignment: Company;Overview;Provide a brief overview of your company (one to two paragraphs at;most). What industry is it in? What are its main;products or services? Who are its competitors? Horizontal;Analysis of Income Statement and Balance Sheet;Prepare a three-year horizontal analysis of the income statement and balance;sheet of your selected company. Discuss the importance and meaning of;horizontal analysis. Discuss both the positive and negative trends;presented in your company. Ratio;Analysis;Calculate the current ratio, quick ratio, cash to current liabilities ratio;over a two-year period. Discuss and interpret the ratios that you;calculated. Discuss potential liquidity issues based on your calculations;of the current and quick ratios. Are there any factors that could be;erroneously influencing the results of the ratios? Discuss liquidity;issues of competitive companies within the same industry. Recommendation;Based on your analysis would you recommend an individual invest in this company?;What strengths do you see? What risks do you see? It is perfectly;acceptable to state that you would recommend avoiding this company as long as;you provide support for your position. Writing;the Final Paper;1. Must be five to;seven double-spaced pages in length, and formatted according to APA style as;outlined in the Ashford Writing Center.;2. Must include a title page with the following;a. Title of paper;b. Student?s name;c. Course name and number;d. Instructor?s name;e. Date submitted;3. Must begin with an introductory;paragraph that has a succinct thesis statement.;4. Must address the topic of the paper with critical thought.;5. Must end with a conclusion that reaffirms your thesis.;6. Must document all sources in APA style, as outlined in the;Ashford Writing Center.;7. Must include a separate reference page, formatted according;to APA style as outlined in the Ashford Writing Center.

 

Paper#45439 | Written in 18-Jul-2015

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