ACC 290 Whole Class Wk 1-5 – All Assignments, DQs and Summaries
Week 1 Financial Statements Paper
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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.
Resource: Chapter 1 and Chapter 2 of Financial Accounting
Complete Chapter 1: Questions # 5, 12, 14, 16 and Exercise E1-10
Chapter 2: Question: # 6
Resource: Chapter 2 and Chapter 3 of Financial Accounting
Complete Chapter 2: Exercises E2-10, E2-12, and Chapter 3: Problem 3-3A
Resource: Ch. 4 of Financial Accounting
Complete Chapter 4: Questions # 2, 3, 4; Brief Exercises BE4-2, BE4-12, BE4-14 and BE4-15 and Exercise E4-5
Resource: Chapter 3 and Chapter 4 of Financial Accounting
Complete Chapter 3: Problem 3-5A and Chapter 4: Exercises E4-3 and E4-15.
Resource: Ch. 5 and 6 of Financial Accounting
Complete Chapter 5: Brief Exercises BE5-1, BE5-3, BE5-4, BE5-7 and Chapter 6: Brief Exercises BE6-1, BE6-2 and BE6-3
Resource: Chapter 5 and Chapter 6 of Financial Accounting
Complete Chapter 5: Problem P5-7A and Chapter 6: Problem P6-3A
Internal Control Paper/Presentation
Internal Controls Paper:
Prepare a 5-7 page paper, in which your entire team analyzes and answers the following:
a. What is the purpose of internal control?
b. Why is internal control important?
c. How can internal controls help or hinder a company’s success?
For the reminder of the paper, each team member will discuss and provide examples from current (or...