ACC 290 All Assignments

ACC 290 Principles of Accounting I

Week 1

Individual Financial Statements Paper

Write a 700- to 1,050-word paper in which you do the following:

Identify the four basic financial statements.

Describe the purpose of each of the four financial statements.

Discuss how the financial statements would be useful to internal users, such as to managers and employees.

Discuss how the financial statements would be useful to external users, such as investors and creditors.

Format the paper consistent with APA guidelines.

Week 2

Individual Week Two Problems and Exercises

Resource: Ch. 3 of Financial Accounting

Complete Exercises E3-4 and E3-9.

Complete Problems 3-5A and 3-6A.

Submit as either a Microsoft Excel or Word document.

Week 3

Individual Week Three Problems and Exercises

Resource: Ch. 4 of Financial Accounting

Complete Exercise BE4-1.

Complete Problems 4-2A and 4-3A.

Answer the following summary question: Commercial accounting and generally accepted accounting principles, generally prescribe the accrual basis of accounting over the cash basis. Describe both bases of accounting and explain the differences.

Submit as either a Microsoft Excel or Word document

Week 4

Individual Week Four Problem

Resource: Ch. 4 of Financial Accounting

Complete Problem 4-8A.

Submit as either a Microsoft Excel or Word document.

Week 5

Individual Week Five Exercises

Resource: Ch. 57 of Financial Accounting

Complete Exercises BE51, BE52, BE6-5, BE6-7, and BE7-4, 7-5, and 7-6.

Answer the following summary question: What is the role of the Sarbanes-Oxley Act of 2002 in relation to the types of internal controls used by corporations such as those illustrated in Exercises 7-4, 7-5, and 7-6?

Submit as either a Microsoft Excel or Word document.