XACC 280 WEEK 1 CHECKPOINT ACCOUNTING ASSUMPTIONS, PRINCIPLES, AND CONSTRAINTS
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1. CheckPoint: Accounting Assumptions, Principles, and Constraints
• Write an essay in 250 to 300 words, including the following:
o The basic assumptions of accounting
o The principles of accounting
o The constraints of accounting
o A conclusion stating how you think sound financial reporting depends on principles, assumptions, and constraints. Refer to the U.S. GAAP in your response.
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XACC 280 WEEK 1 CHECKPOINT THE ACCOUNTING EQUATION
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1. CheckPoint: The Accounting Equation
• View PhxKlips The Accounting Equation on your student Web site.
• Write an explanation of the function of each element in the accounting equation, using 100 to 150 words.
• Complete E1-5 on p. 34 of Financial Accounting.
• Post your explanation of the elements in the accounting equation with the answers to E1-5.
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XACC 280 WEEK 2 ASSIGNMENT JOURNALIZING, POSTING, AND PREPARING A TRIAL BALANCE
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1. Assignment: Journalizing, Posting, and Preparing a Trial Balance
• Complete P2-2A on p. 81 of Financial Accounting, using the templates in Appendix C for your answers. Each part of the problem corresponds to one tab in Appendix C. Complete all three tabs of Appendix C.
• Write a message of 250 to 400 words in the body of your posting that justifies what you did in Appendix C. This message constitutes part d of the assignment. Address your message...