ACCT 212 Entire Course (Devry)
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ACCT 212 Course Project
ACCT 212 Week 4 Midterm
ACCT 212 Week 1-7 All Discussion Questions
Week 1 DQ 1 Financial Statements
Week 2 DQ1 Prepaid Expenses vs. Unearned Revenue
Week 2DQ 2 Accrual vs. Cash Accounting
Week 3DQ 1 Ethical Business Decisions
Week 3DQ 2 Trade Credit - Accounts Payable
Week 4DQ 1 Inventory Management
Week 4DQ 2 LIFO
Week 5DQ 1 Non-current Assets and Related Liabilities
Week 5DQ 2 Raising Capital (Cash)
Week 6DQ 1 Stockholders Equity
Week 6DQ 2 Net Income vs. Net Operating Cash
Week 7DQ1 Financial Statement Analysis
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ACCT 212 Final Exam (Devry)
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At the end of the period it is necessary to close all temporary accounts. (1) Explain why this process is required (10 points) and (2) provide an example of the closing of an expense account, Supplies Expense in the form of a journal entry
2. (TCO 2) As required to complete Course Project 1, one must follow the cycle that includes 10 steps to complete the accounting cycle. (1) Explain how to construct an Unadjusted Trial Balance (10 points) and (2) provide an example of the application of the debit/credit rules in the development of the trial balance
(TCO 5) Internal Control Procedures are required to safeguard company assets and to ensure ethical operation of the business. (1) Explain how limited access can satisfy the purpose of internal control (10 points) and (2) provide an example of how this control could be implemented
4. (TCO 4) Inventory valuation methods determine the cost of goods sold and the inventory balance. (1) Explain how the Last in First out (LIFO) method is applied (10 points) and (2) provide an example of the impact that this method of inventory valuation will have on Gross...