ACC 220 Entire Course

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ACC 220 Week 1 Checkpoint Career Opportunities

ACC 220 Week 1 DQ 1 & DQ 2
ACC 220 Week 2 Checkpoint Proprietorships, Partnerships, and
Corporations
ACC 220 Week 2 Assignment Financial Statements
ACC 220 Week 3 Checkpoint Classified Balance Sheets

 ACC 220 Week 1 Checkpoint Career

Opportunities

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Visit the U.S. Department of Labor, Bureau of Labor Statistics at

http://www.bls.gov/oco/ocos001.htm for an overview of the accounting field.
Visit www.careers-in-accounting.com for additional details such as salary
expectations and general job expectations.

 ACC 220 Week 1 DQ 1 and DQ 2

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Based on what you know about accounting, what role do you see it playing in
business operations? How dependent do you think a business is on its accounting
department? Explain why.

Why are ethics so important in the field of accounting?

 ACC 220 Week 2 Assignment Financial

Statements

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Assets
Comparative statements
Liabilities
Stockholders equity

 ACC 220 Week 2 Checkpoint

Proprietorships, Partnerships, and
Corporations

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Explain the differences between a proprietorship, a partnership, and a corporation in

200 to 300 words. Why would an entrepreneur want to choose one over the other? If
you were starting a new business, which would you choose? Explain why.

 ACC 220 Week 3 Checkpoint Classified

Balance Sheets

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Write a 200- to 300-word response explaining what information would be found in

each of the following groupings on a classified balance sheet and how that data might
indicate the future success or failure of a business:

Current assets
Long-term investments
Property, plant, and equipment

 ACC 220 Week 3 DQ 1 and DQ 2

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When reviewing a financial report, why must information be reliable, relevant,

consistent, and comparable? Why are these accounting characteristics important?
What kinds of problems might result if a financial report is not reliable, relevant,
consistent, or comparable?

 ACC 220 Week 4 Assignment Internal

Cash Control

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Write a 700- to 1,000-word paper that addresses which internal controls are not being
followed in these listed situations:

The accounting department receives from sales invoices once a month. Most of the
information is missing on the invoices.
Rob, Sue, and Bob use the same cash register at the donut shop.

 ACC 220 Week 4 Checkpoint Cash

Management Matrix Appendix B

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Use Appendix B. For each principle in the matrix, describe how the principle ensures
the reliability of a companys financial statements and provide at least one example of
how the principle might work in a real company. Do not use examples from your text.

 ACC 220 Week 5 Checkpoint Financial

Reporting

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Write a 200- to 300-word response to the following: Describe how the following
financial reports are used internally in a business: income statement, balance sheet,
CVP income statement, statement of cash flows, and retained earnings statement.
Give real world applications by using examples to demonstrate the type of business
decisions that are made using these statements.

 ACC 220 Week 5 DQ 1 and DQ 2

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How would you describe the difference between financial and managerial
accounting? What are the distinguishing features of managerial accounting?

 ACC 220 Week 6 Assignment Cost,

Volume, and Profit Formulas

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Assignment: Cost, Volume, and Profit Formulas

Review the following illustrations found in Ch. 6 of your text: 6-12, 6-15, 6-17, 6-18, 619, & 6-20.

 ACC 220 Week 6 Checkpoint Cost,

Volume and Profit Questions

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CheckPoint: Cost, Volume, and Profit Questions

Write a 200- to 300-word response that addresses questions 7, 9, & 14 in the

Questions section on p. 284285 of the text.

 ACC 220 Week 7 Checkpoint Budget

Matrix

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CheckPoint: Budgets Matrix

Use Appendix C to define each of the types of budgets listed and describes their
uses.
Post Appendix C as an attachment.

 ACC 220 Week 7 DQ 1 and DQ 2

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What are some of the different types of budgets? Describe in detail one type of
budget covered in the text. Describe what the budget is used for and what information
it provides a business. As you respond to your classmates, discuss how the budget
you described relates to the budgets they described. Discuss how a business benefits
from each of the budgets.

 ACC 220 Week 8 Assignment

Responsibility Center Presentation

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Imagine you have been selected by your manager to present a training session to a
group of new employees. The new hires do not have accounting backgrounds and
have little or no work history in a responsibility center. The purpose of this training
session is to explain the functions of each of the different responsibility centers.

 ACC 220 Week 8 Checkpoint Flexible

Budgets

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Respondin200to300words,tothefollowing:
What is a flexible budget?
What are the steps to developing a flexible budget?
What information is found on a flexible budget report?

 ACC 220 Week 9 Capstone Discussion

Question

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Think back over what you have studied and learned in this course. Do you have a
new perception of or appreciation for the field of accounting and how it contributes to
business? Explain.

 ACC 220 Week 9 Final Project Business

Plan

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You want to start your own business. You found an investment group that is willing to
give you the capital needed for the first year of your business, but onlyif you can
convince them you have a solid plan for the success of this business. Your investor is
very concerned with how the accounting functions of this business will be handled.