ACC 225 Entire Course
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ACC 225
Financial Accounting
Week One: Accounting Information and Financial Statements
Discussion Questions
CheckPoint: Financial Statements
Exercises: Accounting and Business Organizations
Week Two: Business Transactions
CheckPoint: Debits and Credits
Assignment: Preparing Journal Entries and Trial Balances
Week Three: Preparing Financial Statements
Discussion Questions
CheckPoint: Adjustments and Accrual and Cash Basis Accounting
Week Four: Completing the Accounting Cycle
CheckPoint: Preparing Balance Sheets and Statements
Assignment: Preparing Entries and Statements
Week Five: Merchandising Accounting
Discussion Questions
CheckPoint: Inventory Systems and Calculating Revenues, Expenses, and Income
Week Six: Inventory
CheckPoint: Computing Inventory Balances and Lower of Cost or Market
Assignment: Estimating Inventory and Preparing Multiple Step and Single Step Income Statements
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ACC 225 Week 1 DQ 1 and DQ 2
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Due Date: Day 2 [post to the Main forum]
• Post your response to the following: Interview a friend or family member about his/her
work environment. Is his/her organization a sole proprietorship, partnership, or
corporation? Who is involved with the accounting decisions and information? In what
ways is your friend or family member affected by the accounting information?
Discussion Question 2
• Due Date: Day 4 [post to the Main forum]
• Post your response to the following: Describe one of the four basic financial statements,
and answer the following questions.
o For what is it typically used?
o What information is the most valuable?
o How does it complement another financial statement?
• Respond to a classmate who selected a different...