ACC 225 UOP COURSE TUTORIAL/SHOPTUTORIAL

ACC 225 UOP COURSE TUTORIAL/SHOPTUTORIAL

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 Checkpoint Financial Statements

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Resource: Fundamental Accounting Principles, Ch. 1
• Due Date: Day 5 [post to the Individual forum]
• Consider that you have been asked to explain financial statements to someone who
knows nothing about accounting.
• Review the information on financial statements in Ch. 1 of Fundamental Accounting
Principles.
• Discuss, in 200 300 words, each of the four financial statements. Explain the different
components of the statements as well as what the statements tell about a business.

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ACC 225 Week 1 DQ 1 and DQ 2

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