ACC 225 Week 1 Checkpoint Financial Statements(UOP)
For more course tutorials visit
www.uoptutorial.com
CheckPoint: Financial Statements
路 Resource: Fundamental Accounting Principles, Ch. 1
路 Due Date: Day 5 [post to the Individual forum]
路 Consider that you have been asked to explain financial statements to someone who knows nothing about accounting.
路 Review the information on financial statements in Ch. 1 of Fundamental Accounting
Principles.
路 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
-------------------------------------------------------------------------------
ACC 225 Week 1 DQ 1 and DQ 2(UOP)
For more course tutorials visit
www.uoptutorial.com
Discussion Question 1
• 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 financial statement from yours. How do the financial statements tie into one another?
----------------------------------------------------------------------
ACC 225 Week 1 Exercise Accounting and Business Organizations(UOP)
For more course tutorials visit
www.uoptutorial.com
Exercises: Accounting and Business Organizations
• Resource: Fundamental Accounting Principles, p. 30
•...