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ACC 220 Week 1 Checkpoint Career OpportunitiesACC 220 Week 1 DQ 1 & DQ 2ACC 220 Week 2 Checkpoint Proprietorships, Partnerships, and CorporationsACC 220 Week 2 Assignment Financial StatementsACC 220 Week 3 Checkpoint Classified Balance SheetsACC 220 Week 3 DQ 1 and DQ 2

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Page 1: ACC 220 Proactive Tutors/snaptutorial
Page 2: ACC 220 Proactive Tutors/snaptutorial

• ACC 220 Entire Course

• For more classes visit

• www.snaptutorial.com

• ACC 220 Week 1 Checkpoint Career Opportunities

• ACC 220 Week 1 DQ 1 & DQ 2

• ACC 220 Week 2 Checkpoint Proprietorships, Partnerships, and Corporations

• ACC 220 Week 2 Assignment Financial Statements

• ACC 220 Week 3 Checkpoint Classified Balance Sheets

Page 3: ACC 220 Proactive Tutors/snaptutorial

• ACC 220 Week 1 Checkpoint Career Opportunities

• For more classes visit• www.snaptutorial.com•  •  • Visit the U.S. Department of Labor, Bureau of Labor Statistics at

http://www.bls.gov/oco/ocos001.htm for an overview of the accounting field.•  • Visit www.careers-in-accounting.com for additional details such as salary

expectations and general job expectations.

Page 4: ACC 220 Proactive Tutors/snaptutorial

• ACC 220 Week 1 DQ 1 and DQ 2

• For more classes visit• www.snaptutorial.com

• Based on what you know about accounting, what role do you see it playing in business operations? How dependent do you think a business is on its accounting department? Explain why.

•  • •  • Why are ethics so important in the field of accounting?

Page 5: ACC 220 Proactive Tutors/snaptutorial

• ACC 220 Week 2 Assignment Financial Statements

• For more classes visit• www.snaptutorial.com

• Assets•  • Comparative statements•  • Liabilities•  • Stockholder’s equity•  • •  

Page 6: ACC 220 Proactive Tutors/snaptutorial

• ACC 220 Week 2 Checkpoint Proprietorships, Partnerships, and Corporations

• For more classes visit• www.snaptutorial.com•  •  • Explain the differences between a proprietorship, a partnership, and a corporation in

200 to 300 words. Why would an entrepreneur want to choose one over the other? If you were starting a new business, which would you choose? Explain why.

Page 7: ACC 220 Proactive Tutors/snaptutorial

• ACC 220 Week 3 Checkpoint Classified Balance Sheets

• For more classes visit• www.snaptutorial.com

• Write a 200- to 300-word response explaining what information would be found in each of the following groupings on a classified balance sheet and how that data might indicate the future success or failure of a business:

•  • Current assets•  • Long-term investments•  • Property, plant, and equipment

Page 8: ACC 220 Proactive Tutors/snaptutorial

• ACC 220 Week 3 DQ 1 and DQ 2

• For more classes visit• www.snaptutorial.com

•  • When reviewing a financial report, why must information be reliable, relevant,

consistent, and comparable? Why are these accounting characteristics important? What kinds of problems might result if a financial report is not reliable, relevant, consistent, or comparable?

•  

Page 9: ACC 220 Proactive Tutors/snaptutorial

• ACC 220 Week 4 Assignment Internal Cash Control

• For more classes visit• www.snaptutorial.com

• Write a 700- to 1,000-word paper that addresses which internal controls are not being followed in these listed situations:

•  • The accounting department receives from sales invoices once a month. Most of the

information is missing on the invoices.•  • Rob, Sue, and Bob use the same cash register at the donut shop. •  

Page 10: ACC 220 Proactive Tutors/snaptutorial

• ACC 220 Week 4 Checkpoint Cash Management Matrix Appendix B

• For more classes visit• www.snaptutorial.com

•  • Use Appendix B. For each principle in the matrix, describe how the principle ensures

the reliability of a company’s financial statements and provide at least one example of how the principle might work in a real company. Do not use examples from your text.

•  

Page 11: ACC 220 Proactive Tutors/snaptutorial

• ACC 220 Week 5 Checkpoint Financial Reporting

• For more classes visit• www.snaptutorial.com

•  •  • Write a 200- to 300-word response to the following: Describe how the following

financial reports are used internally in a business: income statement, balance sheet, CVP income statement, statement of cash flows, and retained earnings statement. Give real world applications by using examples to demonstrate the type of business decisions that are made using these statements.

Page 12: ACC 220 Proactive Tutors/snaptutorial

• ACC 220 Week 5 DQ 1 and DQ 2

• For more classes visit• www.snaptutorial.com

•  •  • How would you describe the difference between financial and managerial

accounting? What are the distinguishing features of managerial accounting?•  • •  

Page 13: ACC 220 Proactive Tutors/snaptutorial

• ACC 220 Week 6 Assignment Cost, Volume, and Profit Formulas

• For more classes visit• www.snaptutorial.com

• Assignment: Cost, Volume, and Profit Formulas•  • •  • Review the following illustrations found in Ch. 6 of your text: 6-12, 6-15, 6-17, 6-18, 6-

19, & 6-20.•  

Page 14: ACC 220 Proactive Tutors/snaptutorial

• ACC 220 Week 6 Checkpoint Cost, Volume and Profit Questions

• For more classes visit• www.snaptutorial.com

• CheckPoint: Cost, Volume, and Profit Questions•  • •  • Write a 200- to 300-word response that addresses questions 7, 9, & 14 in the

Questions section on p. 284–285 of the text.

Page 15: ACC 220 Proactive Tutors/snaptutorial

• ACC 220 Week 7 Checkpoint Budget Matrix

• For more classes visit• www.snaptutorial.com

• CheckPoint: Budgets Matrix• Use Appendix C to define each of the types of budgets listed and describes their

uses.• Post Appendix C as an attachment.

Page 16: ACC 220 Proactive Tutors/snaptutorial

• ACC 220 Week 7 DQ 1 and DQ 2• For more classes visit• www.snaptutorial.com

• What are some of the different types of budgets? Describe in detail one type of budget covered in the text. Describe what the budget is used for and what information it provides a business. As you respond to your classmates, discuss how the budget you described relates to the budgets they described. Discuss how a business benefits from each of the budgets.

Page 17: ACC 220 Proactive Tutors/snaptutorial

• ACC 220 Week 8 Assignment Responsibility Center Presentation

• For more classes visit• www.snaptutorial.com

• Imagine you have been selected by your manager to present a training session to a group of new employees. The new hires do not have accounting backgrounds and have little or no work history in a responsibility center. The purpose of this training session is to explain the functions of each of the different responsibility centers.

•  •

Page 18: ACC 220 Proactive Tutors/snaptutorial

• ACC 220 Week 8 Checkpoint Flexible Budgets

• For more classes visit• www.snaptutorial.com

•  Respond in200 to 300 words, to the following:•  • What is a flexible budget?•  • What are the steps to developing a flexible budget?•  • What information is found on a flexible budget report?•  

Page 19: ACC 220 Proactive Tutors/snaptutorial

• ACC 220 Week 9 Capstone Discussion Question

• For more classes visit• www.snaptutorial.com•  • Think back over what you have studied and learned in this course. Do you have a

new perception of or appreciation for the field of accounting and how it contributes to business? Explain.

Page 20: ACC 220 Proactive Tutors/snaptutorial

• ACC 220 Week 9 Final Project Business Plan

• For more classes visit• www.snaptutorial.com

•  • You want to start your own business. You found an investment group that is willing to

give you the capital needed for the first year of your business, but onlyif you can convince them you have a solid plan for the success of this business. Your investor is very concerned with how the accounting functions of this business will be handled.

•  •

Page 21: ACC 220 Proactive Tutors/snaptutorial