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  BUS 591 Week 1 DQ 1

Generally Accepted Accounting Principles (G.A.A.P.).

BUS 591 Week 1 DQ 2 Annual Reports

BUS 591 Week 1 Homework Problems

BUS 591 Week 2 DQ 1 Debits and Credits

BUS 591 Week 2 DQ 2 Revenue & Expense

 

BUS 591 Week 1 DQ 1 Generally Accepted Accounting Principles (G.A.A.P.). 

Generally Accepted Accounting Principles (G.A.A.P.). Briefly discuss Generally Accepted Accounting Principles or G.A.A.P. What are they? What is their purpose? Name the U.S. and international standard-setting bodies that established these principles. Are all companies required to follow these principles? Why or why not?

Your answer should illustrate understanding of

BUS 591 Week 1 DQ 1 Generally Accepted Accounting Principles (G.A.A.P.)(Ash)

  BUS 591 Week 1 DQ 2 Annual

Reports  Annual Reports. Visit the

website for Tootsie Roll (www.tootsie.com). Click on “Company Information” then “Financial Information”. Open the latest annual report and review it to find the answers to the following questions:

§ What are Tootsie Roll’s corporate principles

  BUS 591 Week 1 Homework

Problems  Week One Homework

Problems. Complete the following Workbook Template Week One or you may complete the Problem 1-3B on page 36, 1-4B on page 37 (Chapter 1) and Problem 2-7B on page 90 (Chapter 2) of your text. Submit your work to your instructor by the posted due date. Show all your work in order to earn full credit 

 

BUS 591 Week 1 Homework Problems (Ash)

 BUS 591 Week 2 DQ 1

Debits and Credits Debits and Credits.

Define debits and credits and explain how they are used to record business transactions. Is it true that debits always increase and credits always decrease? Why or why not?

Respond to at least two of your classmates’ posts.

 

  BUS 591 Week 2 DQ 2

Revenue & Expense  Revenue & Expense. Review

the section called “Investor Insight” in Chapter 3 of your text which shows the major revenue and expense accounts of the Chicago Cubs baseball team. Considering the huge increase in professional baseball players’ salaries in the last decade, what do you think has happened to total expenses and net income of professional baseball teams? If

BUS 591 Week 2 DQ 2 Revenue Expense (Ash)

  BUS 591 Week 2

Homework Problems  Week Two Homework

Problems. Complete Workbook Template Week Two or you may find the problems 3-2B on page 150 and 3-5B on page 151 from Chapter 3 of your text. Also complete problems E4-13, E4-14, E4-15, E4-16, E4-17, and E4-18 from Chapter 4. Submit your work to your instructor by the posted due date. Show all your work in order to earn full credit.

 BUS 591 Week 3 DQ

1 Perpetual Inventory System 

Perpetual Inventory System. Present a detailed explanation of the recording of purchases under a perpetual inventory system. Use hypothetical figures

BUS 591 Week 3 DQ 1 Perpetual Inventory System (Ash)

  BUS 591 Week 3 DQ 2

Inventory Valuation Methods 

Inventory Valuation Methods. Identify the differences between F.I.F.O., L.I.F.O., and the average-cost method of inventory valuation. Be sure to include the effects of each method on cost of goods sold and net income in your answer. Also discuss the differences

  BUS 591 Week 3 Homework

Problems  Week Three Homework

Problems. Complete the following Workbook Template Week Three or you may complete the problems E5-2, E5-6 and P5-5B from Chapter 5 and Problems 6-2B and 6-3B Chapter 6. Submit your work to your instructor by the posted due date. Show all your work in order to earn full credit. 

 

BUS 591 Week 3 Homework Problems (Ash)

 BUS 591 Week 4 DQ

1 Why do I need accounting 

Why do I need accounting? Consider the following scenario: Your friend (who is also in school) just emailed you to express frustration with his accounting

  BUS 591 Week 4 DQ 2

Sarbanes-Oxley Act of 2002 

Sarbanes-Oxley Act of 2002. Search the Internet and locate an annual financial report for a public U.S. company. Read the Notes to the Financial Statements to determine the criteria for cash equivalents and how cash and cash equivalents are handled. Discuss your

BUS 591 Week 4 DQ 2 Sarbanes Oxley Act of 2002 (Ash)

 BUS 591 Week 4

Homework Problems Week Four Homework

Problems. Complete the following Workbook Template Week Four or you may complete the problems P8-2B and P8-6B from Chapter 8 and Problems 9P-2B and P9-7B from Chapter 9. Submit your assignment to the instructor by

  BUS 591 Week 5 DQ 1

Liabilities and Financial Analysis 

Liabilities and Financial Analysis. Discuss current liabilities and long-term liabilities. What are the differences between the two? Illustrate your understanding of liabilities, making sure to identify major types of current liabilities. Respond to at least two of your classmates’ posts 

 

BUS 591 Week 5 DQ 1 Liabilities and Financial Analysis (Ash)

 BUS 591 Week 5 DQ 2

Colgate’s Annual Report 

Colgate’s Annual Report. Obtain a copy of Colgate’s annual report from the Online Library or from a valid academic source found elsewhere on

  BUS 591 Week 5 Sarbanes-

Oxley Act of 2002Methods of Depreciation 

Research and discuss the Sarbanes-Oxley Act of 2002. Identify key components of the Sarbanes-Oxley Act of 2002, and its primary objective. What are some of the criticisms surrounding the Act? Are there  any economic consequences for companies as a result of implementing the Act? Has the Sarbanes-Oxley Act achieved its goals so far?

BUS 591 Week 5 Sarbanes Oxley Act of 2002Methods of Depreciation (Ash)

  BUS 591 Week 6 DQ 1

Indirect Method vs. Direct Method 

Indirect Method vs. Direct Method. Financial statement preparers have two choices in preparing the statement of cash flows: the indirect method and the direct method. The indirect method is used extensively in practice even though the F.A.S.B. has expressed a preference

  BUS 591 Week 6 DQ 2

Horizontal vs. Vertical Analysis

Horizontal vs. Vertical Analysis. Discuss the horizontal and vertical analysis of a financial statement, and how each is used to help financial statement users make better decisions. Also, explain the liquidity, solvency, and profitability ratios introduced throughout the

BUS 591 Week 6 DQ 2 Horizontal vs. Vertical Analysis (Ash)

  BUS 591 Week 6 Final

Project  FINAL PAPER You should begin working

on elements of the Final Project in Week One. Each week, there is a recommended learning activity associated with helping you complete the Final Project. There are ungraded and graded practice exercises, which will allow you to practice

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