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ACC 220 Students Guide

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ACC 220 Students Guide


ACC 220 Entire Course

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 1 Checkpoint Car


eer Opportunities

CheckPoint: Career
Opportunities

Visit the U.S. Department of


Labor, Bureau of Labor
Statistics at
http://www.bls.gov/oco/ocos0
01.htm
for an overview of the
accounting field.

ACC 220 Students Guide


ACC 220 Week 1 DQ 1 and DQ
2

Discussion Questions

ACC 220 Week 2 Assignment Fi


nancial Statements

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.

Assignment: Financial
Statements

Write a 350- to 700-word


paper describing a balance
sheet, an income statement, a
retained earnings statement,
and a statement of cash
flows.

ACC 220 Students Guide


ACC 220 Week 2 Checkpoint Pro
prietorships, Partnerships

CheckPoint: Proprietorships,
Partnerships, & Corporations

ACC 220 Week 3 Checkpoint Cla


ssified Balance Sheets

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?

CheckPoint: Classified
Balance Sheets

Write a 200- to 300-word


response explaining what
information would be found in
each of the following
groupings on a classified
balance sheet

ACC 220 Students Guide


ACC 220 Week 3 DQ 1 and DQ
2

Discussion Questions

ACC 220 Week 4 Assignment Int


ernal Cash Control

When reviewing a financial


report, why must information
be reliable, relevant,
consistent, and comparable?
Why are these accounting
characteristics important?

Assignment: Internal Cash


Control
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.

ACC 220 Students Guide


ACC 220 Week 4 Checkpoint Ca
sh Management Matrix

CheckPoint: Cash
Management Matrix

ACC 220 Week 5 Checkpoint Fin


ancial Reporting

Use Appendix B. For each


principle in the matrix,
describe how the principle
ensures the reliability of a
companys financial
statements and provide at
least one example

CheckPoint: Financial
Reporting

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

ACC 220 Students Guide


ACC 220 Week 5 DQ 1 and DQ
2

Discussion Questions

ACC 220 Week 6 Assignment Cos


t, Volume, and Profit

How would you describe the


difference between financial
and managerial accounting?
What are the distinguishing
features of managerial
accounting?

Assignment: Cost, Volume,


and Profit Formulas

Review the following


illustrations found in Ch. 6 of
your text: 6-12, 6-15, 6-17, 618, 6-19, & 6-20.

ACC 220 Students Guide


ACC 220 Week 6 Checkpoint Cos ACC 220 Week 7 Checkpoint Bu
t, Volume and Profit
dget Matrix

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.

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.

ACC 220 Students Guide


ACC 220 Week 8 Assignment
Responsibility Center

ACC 220 Week 7 DQ 1 and DQ


2

Discussion Questions

How does budgeting help


management make good
business decisions?

Assignment: Responsibility
Center Presentation

What are some of the different


types of budgets?

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.

ACC 220 Students Guide


ACC 220 Week 8 Checkpoint
Flexible Budgets

ACC 220 Week 9 Capstone


Discussion Question

CheckPoint: Flexible
Budgets

What is a flexible budget?

Respond in200 to 300


words, to the following:

What are the steps to


developing a flexible budget?

Capstone Discussion
Question
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.

ACC 220 Students Guide


ACC 220 Week 9 Final Project
Business Plan

Final Project: Business Plan

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

ACC 220 Students Guide

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