Financial reporting problem ii acc 291

ACC/291 Principles of Accounting II

Copyright ©2014 by University of Phoenix. All rights reserved.

SYLLABUS

Course Description This course introduces accounting concepts in a business environment. Students learn to create and apply accounting documents in making better business decisions. Other topics include plant assets, liabilities, accounting for corporations, investments, statements of cash flows, financial statement analysis, time value of money, payroll accounting, and other significant liabilities.

Course Dates May 06, 2014 - Jun 09, 2014

Faculty Information

• Academic Policies • Instructor Policies University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities, read the policies governing your current class modality.

Get Ready for Class • Familiarize yourself with the textbook used in this course.

Course Materials All electronic materials are available on your student website.

Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents (both located on your student website):

Policies

Bob Wells (PRIMARY)Name : Email Address : bobrwells@bellsouth.net Alternate Email Address Phone Number : (865) 438-7117

Week1 May, 06 - May, 12 Principle Assets

Tasks

Principle Assets 1.1 Prepare journal entries to account for transactions related to accounts receivable and bad debt using both percentage of sales and the percentage of receivables methods. 1.2 Compare tangible and intangible assets. 1.3 Identify the journal entries associated with acquisition, disposal, and sales of plant assets. 1.4 Distinguish between revenue and capital expenditures, and the entries associated with each. 1.5 Describe the impact of International Financial Reporting Standards ([IFRS)] on US financial reporting.

Objectives/Competencies

Required Learning Activities • WileyPLUS Assignment: Financial Accounting: Tools For Business Decision Making, Ch. 8 • WileyPLUS Assignment: Financial Accounting: Tools For Business Decision Making, Ch. 9 • WileyPLUS Assignment: Financial Accounting: Tools For Business Decision Making, Appendix D • WileyPLUS Assignment: Financial Accounting: Tools For Business Decision Making, Appendix E • WileyPLUS Gradebook: Week 1 Gradebook • WileyPLUS Assignment: Week 1 Interactive Tutorials Activity

Assignments

See the student website for additional recommended learning activities that may help you learn this week's concepts.

Title Type Due Points

Week One Participation Participate in the class discussion Individual May 12, 2014 11:59 PM 4

WileyPLUS Assignment: Week 1 Assignment

Resource: WileyPLUS

Complete the following Week 1 Assignment in WileyPLUS:

• Exercise 8-4 • Exercise 8-11 • BYP 8-1 • BYP 8-2

Individual May 12, 2014 11:59 PM 3

• Review the WileyPLUS Student Support.

WileyPLUS Assignment: Week 1 Practice Quiz

Resource: WileyPLUS

Complete the following Week 1 Assignment in WileyPLUS:

• Chapter 8 Practice Quiz • Chapter 9 Practice Quiz

Individual May 12, 2014 11:59 PM 1

WileyPLUS Assignment: Week 1 Vocabulary Activity

Resource: WileyPLUS

Complete the following Week 1 Assignment in WileyPLUS:

• Chapter 8 Crossword Puzzle 1 • Chapter 9 Crossword Puzzle 1

Individual May 12, 2014 11:59 PM 1

Week2 May, 13 - May, 19 Liabilities

Liabilities 2.1 Differentiate among accounts payable, notes payable, and accrued expenses. 2.2 Journalize the issuance of bonds, the periodic interest, and amortization of bond premiums and discounts. 2.3 Calculate depreciation and amortization expenses using various methods.

Objectives/Competencies

Required Learning Activities • WileyPLUS Assignment: Review Financial Accounting: Tools For Business Decision Making, Ch. 9 • WileyPLUS Assignment: Financial Accounting: Tools For Business Decision Making, Ch. 10 • WileyPLUS Assignment: Review Financial Accounting: Tools For Business Decision Making, Appendix D • WileyPLUS Gradebook: Week 2 Gradebook • WileyPLUS Assignment: Week 2 Interactive Tutorials Activity • WileyPLUS Assignment: Week 2 Videos Activity • Toolwire Peachtree Student Desktop Lablink Tutorial • Collaboration: Prepare for Week 4 IFRS Essay • Muddiest Point • Examination Preparation • Week Two Electronic Reserve Readings

Assignments

See the student website for additional recommended learning activities that may help you learn this week's concepts.

Title Type Due Points

Week Two Participation Participate in the class discussion. Individual May 19, 2014 11:59 PM 4

WileyPLUS Assignment: Week 2 Assignment

Resource: WileyPLUS

Complete the following Week 2 Assignment in WileyPLUS:

• Problem 8-3A • Brief Exercise 9-11 • DO IT! 9-5 • Exercise 9-7 • Exercise 9-8 • BYP 9-1 • BYP 9.2 • Problem 9-2A

Individual May 19, 2014 11:59 PM 12

WileyPLUS Assignment: Week 2 Practice Quiz

Resource: WileyPLUS

Complete the following Week 2 Assignment in WileyPLUS:

• Chapter 9 Practice Quiz

Individual May 19, 2014 11:59 PM 1

WileyPLUS Assignment: Week 2 Orion Activity

Resource: WileyPLUS

Complete the following Week 2 Assignment in WileyPLUS:

• Chapter 8: Orion Proficiency report • Chapter 9: Orion Proficiency report Note. Proficiency reports will be repeated each week to check for progress.

Individual May 19, 2014 11:59 PM 2

Peachtree/Toolwire Activity Week 2

Resources: Toolwire Peachtree Student Desktop, Peachtree Assignment Directions Access Peachtree using the link on the student website. To create a Chart of Accounts file:

• Click the Lab Access link. • Click the Peachtree Complete Accounting Education Version 2010. • Select the Open an Existing Company.

• Select Bellwether Garden Supply. • Click on the Lists tab. • Select Customers and Sales and then Sales Invoices from the drop-down menu.

• Convert to a Microsoft® Excel® file. • Save a copy to the My Files link. • Highlight any internal control weaknesses you observe and document short observations next to each, for example:

• Duplicate invoice number, Missing number, and so forth. • Select File Transfer to copy to your personal desktop and submit a copy according to your facilitator's instructions.

Click the Assignment Files tab to submit your assignment.

Individual May 19, 2014 11:59 PM 1

Week3 May, 20 - May, 26 Equity and Investments

Equity and Investments 3.1 Differentiate types of stocks issued by corporations. 3.2 Record treasury stock transactions. 3.3 Calculate stocks, dividends, and stock splits. 3.4 Prepare journal entries associated with the issuance of preferred and common stocks and the declaration and payment of dividends.

Objectives/Competencies

Required Learning Activities • WileyPLUS Assignment: Financial Accounting: Tools For Business Decision Making, Ch. 11 • WileyPLUS Assignment: Review Financial Accounting: Tools For Business Decision Making, Appendix E • WileyPLUS Gradebook: Week 3 Gradebook • WileyPLUS Assignment: Week 3 Interactive Tutorials Activity • WileyPLUS Assignment: Week 3 Videos Activity • Collaboration: Prepare for Week 4 IFRS Essay • Muddiest Point • Examination Preparation • Week Three Electronic Reserve Readings