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 DQ1 Financial Statements
Week 2 DQ1 Prepaid Expenses vs. Unearned Revenue
Week 2DQ2 Accrual vs. Cash Accounting
Week 3DQ1 Ethical Business Decisions
Week 3DQ2 Trade Credit - Accounts Payable
Week 4DQ1 Inventory Management
Week 4DQ2 LIFO
Week 5DQ1 Non-current Assets and Related Liabilities
Week 5DQ2 Raising Capital (Cash)
Week 6DQ1 Stockholders Equity
Week 6DQ2 Net Income vs. Net Operating Cash
Week 7DQ1 Financial Statement Analysis
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ACCT 212 Final Exam (Devry)
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1.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...