ACC 291 All Participations

ACC 291 All Participations Link

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ACC/291

PRINCIPLES OF ACCOUNTING II

 

The Latest Version A+ Study Guide

 

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ACC 291 All Participations Link

https://uopcourses.com/category/acc-291-participations/

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ACC 291 Week 1 Revenue and Capital Expenditures - For Discussion
Discuss difference between revenue and capital expenditures
What is the difference between revenue expenditures and capital expenditures during a useful life? Are there similarities
 
 

ACC 291 Week 1 Accounts Receivable and Bad Debt - For Discussion
Accounts Receivable and Bad Debt
Both methods - Percentage of sales, percentage of receivables - are allowed and used in accounting. 
Which method would you use and why? include examples.

 
ACC 291 Week 1 Impact of International Financial Reporting Standards (IFRS) on US financial reporting - For Discussion
Impact of IFRS on US financial reporting
Discuss the impact of International Financial Reporting Standards (IFRS) on US financial reporting; include examples.
 
ACC 291 Week 1 Tangible versus Intangible Assets - For Discussion
Tangible versus Intangible Assets
Tangible and Intangible assets are part of most company resources. They are very distinct, and their impact on the financials varies accordingly. 
 
ACC 291 Week 1 Identify the journal entries associated with acquisition, disposal, and sales of plant assets - For Discussion
JE's to acquire, dispose or sell plant assets
Identify the journal entries associated with acquisition, disposal, and sales of plant assets; include examples. 
 
 

ACC 291 Week 2 Learning Team Collaborative Discussion: Prepare for Week 4 IFRS Essay
Discuss this week's objectives and the following concepts comparing the GAAP to the IFRS. How do they relate to the practice of accounting and its uses in business?

IFRS8-1: What are some steps taken by both the FASB and IASB to move to fair value measurement for financial instruments? In what ways have some of the approaches differed?
IFRS 9-1: What is component depreciation, and when must it be used?
IFRS 9-2: What is revaluation of plant assets? When should revaluation be applied?
IFRS 9-3: Some product development expenditures are recorded as development expenses and others as development costs. Explain the difference between these accounts and how a company decides which classification is appropriate.
 
ACC 291 Week 2 Calculate Depreciation - For Discussion
Calculate Depreciation
What are the differences among valuation, depreciation, amortization, and depletion? Is it appropriate to calculate depreciation using two different methods? Why?
 
ACC 291 Week 2 Bonds Issuance - For Discussion
Bonds Issuance
Why do companies issue bonds? Would you rather buy a bond at a discount or a premium rate? Why? What is the determining factor of whether a bond is sold at a discount, face value, or premium?
 
ACC 291 Week 2 Accounts Payable - For Discussion
Accounts Payable
What are the differences between accounts payable, notes payable and accrued expenses? include examples to illustrate each one.
 
 

ACC 291 Week 3 Learning Team Collaborative Discussion: Prepare for Week 4 IFRS Essay
Discuss this week's objectives and the following concept comparing the GAAP to the IFRS. How do they relate to the practice of accounting and its uses in business?

IFRS 10-2: Explain how IFRS defines a contingent liability and provide an example.
IFRS 10-3: Briefly describe some similarities and differences between GAAP and IFRS with respect to the accounting for liabilities.
 
ACC 291 Week 3 Impact on Financial Statements - For Discussion
Impact on Financial Statements
Why do corporations buy back their own stock? What does it tell you about the corporation? What effect does the purchase have on the price of a company’s stock?
 
ACC 291 Week 3 Dividends - For Discussion
Dividends
What are the different types of dividends corporations may issue? When should a corporation pay dividends? Do you prefer a stock dividend or a cash dividend? Why?
 
ACC 291 Week 3 Stocks issued by corporations - For Discussion
Stocks issued by corporations
What types of stocks are issued by corporations? include examples
 
ACC 291 Week 4 Statement of Cash Flows - For Discussion
Statement of Cash Flows
Why are companies required to prepare a statement of cash flows? Why is the statement of cash flows divided into three sections? What does each section tell you about a company’s operations?
 
ACC 291 Week 4 Financial Ratios - For Discussion
Financial Ratios
What are some common ratios used to analyze financial information? Which are the most important? What are some examples of how ratios are used in the decision-making process?
 
 

ACC 291 Week 4 Financial Statement Analysis - For Discussion
Financial Statement Analysis
Two popular methods of financial statement analysis are horizontal analysis and vertical analysis. What are the differences between these two methods?
 
 

ACC 291 Week 5 Unethical Accounting Situation - For Discussion
Unethical Accounting Situation
What is an example of a potentially unethical accounting situation? Why is the situation unethical? How do ethics affect a company’s financial results?
 
ACC 291 Week 5 Impact of Sarbanes-Oxley (SOX) - For Discussion
Impact of Sarbanes-Oxley (SOX)
Do you think the Sarbanes-Oxley Act has made a difference in the ethical behavior of companies regarding their financial accounting? Why or why not?
 
ACC 291 Week 5 Unethical versus Illegal Behavior - For Discussion
Unethical versus Illegal Behavior
There is a fine line between unethical behavior and illegal behavior. How would you react as an employee should you suspect your company of acting unethically? What if they acted illegally? Think of it 1) from your personal standpoint and 2) as an employee who desperately needs this job as the family’s sole breadwinner.
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