W-4 ACC 100 DIS
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Week 4 Discussion - Impact of the
Accounting Cycle on Business Planning
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Now that you have had the opportunity to create accurate financial statements using all
the steps of the accounting cycle, identify 2 steps of the accounting cycle that you
believe to be most critical in preparing the financial statements. Explain why you believe
these 2 steps are most critical in preparing accurate financial statements that
management uses in the company's planning and decision-making.
Read a post by one of your peers and respond, making sure to extend the conversation
by asking questions, offering rich ideas, or sharing personal connections.
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Strictly type-written
Required:
• Ledger
• Guide Questions
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Please send to my email add: Mhardzpurple@yahoo.com
Name
Date
Email Add:
CHAPTER 1
TEN-MINUTE QUIZ
Circle the letter of the best response.
1. The primary objective of financial reporting is to provide information
A. In an ethical manner.
B. To the professional accounting associations.
C. To people outside the company for making decisions.
D. Useful to managers in making daily decisions.
It is vital that company accountants and their auditors behave in a(n)
A. professional
2.
manner.
B. ethical
C. prudent
D. elitist
3. Which of the following statements is false?
A. The proprietorship form of business organization protects the personal assets of the
owners from creditors of the business.
B. A proprietorship has a single owner.
C. Accounting is the information system that measures business activities, processes that
information into reports, and communicates the results to decision makers.
D. The Accounting Standards Board sets the rules for how accounting is practised in
Canada.
4. Level…
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Some guiding points:
What were some interesting management accounting concepts that came up this week?
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Perform a categorical analysis on the majors of students enrolled in the MBA. Describe your findings.
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>
A Blackboard Learn
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1
U
CA
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myCT
ctccs.blackboard.com/ultra/courses/_209880_1/cl/outline
Λ
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ACCT-1170-017-Fall 2024-Principles of Managerial Accounting
Question Completion Status:
>
QUESTION 1
Take Test: Unit 4 Homework
Relaunch to update:
Freeman Furnishings has summarized its data as shown. Direct labor hours will be used as the activity
base to allocate overhead:
Raw materials purchased
$ 320,000
Raw materials, beginning inventory
Raw materials, ending inventory
15,000
14,000
Work in process, beginning inventory
35,000
0
Work in process, ending inventory
37,000
Estimated overhead
300,000
Depreciation of factory building
50,000
Factory real estate taxes
Factory utility expenses
Indirect materials
7,382
45,000
20,000
Indirect labor
Direct labor cost
Direct labor hours incurred
11,000
100,000
24,000
Estimated direct labor hours
25,000
Compute the cost of goods manufactured.
ہے
Click Save and Submit to save and submit. Click Save All…
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Accounting excel practice problem - I already solved the first few sub parts to this question - I just need the last sub part answered. I attached a picture of the instructions and a picture of the excel spreadsheet to answer the remaining "formulas".
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Accounting Excel Practice Problem - I attached a picture of the instructions and I attached a picture of the excel spreadsheet. Anywhere it says "formula" on the excel spreadsheet, needs the formula figured out.
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reasons to prioritize your response
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X
Topic: Discussion - What is the rol X +
rses/1545/discussion_topics/15677?module_item_id=111468
Q Search entries or author...
All
>
↓ Sort
View Split Screen
Expand Threads
You must post before seeing replies. Edit history will be available to instructors.
Due Jan 4, 2025 11:59pm
时☆
10 points possib
Discussion - What is the role of ethics in accounting?
Requirement:
Include Introduction, Body, and Conclusion.
Your initial Discussion posting should be at least 150 words in length.
9 Replies, 9 Unread
Be sure to include a related Title, at least two different citations and references to support your statement
Read and post brief responses to at least two of your classmates' postings (minimum 75 words).
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LinkedIn Learning
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in
Question 3 of 14:
Select an answer:
The US GAAP provides rules and guidance
for what two primary financial reporting
purposes?
Return to course
recognition and measurement
risk assessment and presentation
recognition and presentation
Open
initial and subsequent measurement
Previous
Skip
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E Chapter 5 Homework - FINANCIA X
O NWP Assessment Player UI Appli X
b Answered: The accountant of Lati x
M Inbox - dhyani11141999@gmail. X
b My Questions | bartleby
+
i assessment.education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=1d52287e-dfd8-4d2a-80c9-4cbf51a01297#/question/5
E Chapter 5 Homework
Question 6 of 6
>
-/ 1
View Policies
Current Attempt in Progress
The comparative balance sheets of Constantine Cavamanlis Inc. at the beginning and the end of the year 2020 are as follows.
CONSTANTINE CAVAMANLIS INC.
BALANCE SHEETS
Dec. 31, 2020
Jan. 1, 2020
Inc./Dec.
Assets
Cash
$ 45,000
$ 13,000
$32,000
Inc.
Accounts receivable
91,000
88,000
3,000
Inc.
Equipment
39,000
22,000
17,000
Inc.
Less: Accumulated Depreciation-Equipment
17,000
11,000
6,000
Inc.
Total
$158,000
$112,000
Liabilities and Stockholders' Equity,
Accounts payable
$ 20,000
$ 15,000
5,000
Inc.
Common stock
100,000
80,000
20,000
Inc.
Retained earnings
38,000
17,000
21,000
Inc.
Total
$158,000
$112,000
Net…
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Case study: general accounting
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Accounting practice problem (first three sub parts have been answered , just need remaining sub parts answered)- I attached a picture of the instructions and I attached a picture of the excel spreadsheet. Anywhere it says "formula" on the excel spreadsheet, needs the formulas (answers).
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Window
Help
A education.wi
am 1
WP NWP Assessment Player UI Application
Question 28 of 42
View Policies
Current Attempt in Progress
In a service-type business, revenue is considered recognized
when the service is performed.
at the end of the year.
at the end of the month.
when cash is received.
Save for Later
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E Chapter 5 Homework - FINANCIA X
O NWP Assessment Player UI Appli X
b Answered: The accountant of Lati x
M Inbox - dhyani11141999@gmail. X
b My Questions | bartleby
+
i assessment.education.wiley.com/was/ui/v2/assessment-player/index.html?launchld3D1d52287e-dfd8-4d2a-80c9-4cbf51a01297#/question/0
E Chapter 5 Homework
Question 1 of 6
>
-/ 1
View Policies
Current Attempt in Progress
Koch Corporation's adjusted trial balance contained the following asset accounts at December 31, 2020: Cash $7,000, Land
$40,000, Patents $12,500, Accounts Receivable $90,000, Prepaid Insurance $5,200, Inventory $30,000, Allowance for Doubtful
Accounts $4,000, and Equity Investments (to be sold in the next quarter) $11,000.
Prepare the current assets section of the balance sheet. (List Current Assets in order of liquidity.)
КОСН СORPORATION
Balance Sheet (Partial)
2$
2$
1:37 PM
O Type here to search
9/24/2020
2
..
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Screenshot of question is attached.
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Pears
X
P
W
Chapter: Recording Business TraNSACTIONS
Sep. 1
hed:course:7710589/products/79c3fa4c-a84f-42ba-b87a-e36a400bca00/pages/urn:pe
6
7
Proble X
P-F:2-30A. Journalizing transactions, posting journal entries to T-
accounts, and preparing a trial balance (Learning Objectives 3, 4)
15
G
New
Ann Simpson started her practice as a design consultant on September 1,
2024. During the first month of operations, the business completed the
following transactions:
3. Prepare the trial balance of Vince York, M.D., as of July 31, 2024.
30
Received $48,000 cash and issued common stock to Simpson.
Purchased office supplies, $1,200, and furniture, $1,300, on account.
Performed services for a law firm and received $1,900 cash.
X
Paid $18,000 cash to acquire land to be used in operations.
Performed services for a hotel and received its promise to pay the $1,200
within one week.
Paid for the furniture purchased on September 4 on account.
Paid assistant's semimonthly salary, $1,500.
Received cash on…
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Looking Back
The AICPA would like you to deliver a speech at one of its upcoming conferences on the future of accounting information systems.
Use the Internet or Strayer University Library databases to review accounting conferences sponsored by the American Institute of Certified Public Accountants (AICPA).
Select one conference from your search and formulate the takeaway message and key points that you would want your audience to remember from your speech.
Reflect on two key takeaways you had in this course and reflect on how you will use utilize this knowledge in the future.
Be sure to respond to at least one of your classmates' posts.
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- Strictly type-written Required: • Ledger • Guide Questionsarrow_forwardPlease send to my email add: Mhardzpurple@yahoo.com Name Date Email Add: CHAPTER 1 TEN-MINUTE QUIZ Circle the letter of the best response. 1. The primary objective of financial reporting is to provide information A. In an ethical manner. B. To the professional accounting associations. C. To people outside the company for making decisions. D. Useful to managers in making daily decisions. It is vital that company accountants and their auditors behave in a(n) A. professional 2. manner. B. ethical C. prudent D. elitist 3. Which of the following statements is false? A. The proprietorship form of business organization protects the personal assets of the owners from creditors of the business. B. A proprietorship has a single owner. C. Accounting is the information system that measures business activities, processes that information into reports, and communicates the results to decision makers. D. The Accounting Standards Board sets the rules for how accounting is practised in Canada. 4. Level…arrow_forwardWhere can a primary admin accountant user view the apps connects to a client's quickbooks online from within quickbooks online accountant?arrow_forward
- Prior to Tuesday midnight of Week 5, post at least once about this week's Wiley assignment. You are highly encourage to ask your fellow learners for help or share your own insight as you work through the assignment. Try to add constructive points to the discussion rather than, for instance, simple comments about the difficulty of the assignment. Some guiding points: What were some interesting management accounting concepts that came up this week? At this point, do you see the management accounting approach being more or less useful than financial accounting for you? Why?arrow_forwardPerform a categorical analysis on the majors of students enrolled in the MBA. Describe your findings.arrow_forward> A Blackboard Learn A My Grades - ACCT-1170-017-F X | + 1 U CA k 个 N = X myCT ctccs.blackboard.com/ultra/courses/_209880_1/cl/outline Λ P* ACCT-1170-017-Fall 2024-Principles of Managerial Accounting Question Completion Status: > QUESTION 1 Take Test: Unit 4 Homework Relaunch to update: Freeman Furnishings has summarized its data as shown. Direct labor hours will be used as the activity base to allocate overhead: Raw materials purchased $ 320,000 Raw materials, beginning inventory Raw materials, ending inventory 15,000 14,000 Work in process, beginning inventory 35,000 0 Work in process, ending inventory 37,000 Estimated overhead 300,000 Depreciation of factory building 50,000 Factory real estate taxes Factory utility expenses Indirect materials 7,382 45,000 20,000 Indirect labor Direct labor cost Direct labor hours incurred 11,000 100,000 24,000 Estimated direct labor hours 25,000 Compute the cost of goods manufactured. ہے Click Save and Submit to save and submit. Click Save All…arrow_forward
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ISBN:9781337679503
Author:Gilbertson
Publisher:Cengage
![Text book image](https://www.bartleby.com/isbn_cover_images/9781133935940/9781133935940_smallCoverImage.gif)
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ISBN:9781133935940
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Publisher:CENGAGE L