acc 291 guide learn by doing

8/18/2019 ACC 291 GUIDE Learn by Doing

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ACC 291 GUIDE Learn by Doing/acc291guide.com


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ACC 291 GUIDE Learn by Doing

ACC 291 Final Exam Guide

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%&ahn #ompan' uses the percenta!e of sales method for recordin! bad debts

expense. For the 'ear( cash sales are )*++(+++ and credit sales are )(2++(+++.

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ACC 291 #ee$ 1 %i&cu&&ion 'ue&(ion 1


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&ow would 'ou describe the entries to record the disposition of accounts receivables0

1hat is their function

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&ow are bad debts accounted for under the direct write$off method0

1hat are the disadvanta!es of this method0



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ACC 291 #ee$ 1 #ile)*lu&

A&&ignmen( E+,- E+,11 /0+,1 and /0+,2 !ew"


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1ile' lus "ssi!nment 1eek

3E4$( E4$( 564$( and 564$2 in 78 Excel

3 Exercise 4$ 1ainwri!ht #ompan'

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ACC 291 #ee$ 2 , Fod)ce and A(wa(e !ew"


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Ford'ce Electronics issues a )++(+++( 4( +$'ear mort!a!e note on ecember *(

2++;.


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1hat are the differences amon! valuation( depreciation( amorti=ation( and depletion0

>s it appropriate to calculate depreciation usin! two different methods0 1h'0

1hat does the "nnual ?eport 'ou are usin! for class sa' about depreciation0



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1hat t'pes of industries have unearned revenue0

1h' is unearned revenue considered a liabilit'0

1hen is the unearned revenue reco!ni=ed in the financial statements0

1hat does 'our "nnual ?eport sa' about unearned revenue0



10/25


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ACC 291 #ee$ 2 Indi3idual#ile)L4S ac(iceC5 +916 'ui7


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?esource:1ile'@A8

#omplete the 1ile'@A8 1eek


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ACC 291 #ee$ 2 Leaning Team #ee$l) Re8lec(ion


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iscuss the obCectives for 1eeks Bne and


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ACC 291 #ee$ %i&cu&&ion 'ue&(ion 1


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1h' does a compan' choose to form as a corporation0

1hat are the steps reuired to become a corporation0

1hat are the advanta!es and disadvanta!es of the corporate form of doin! business0



15/25


ACC 291 #ee$ %i&cu&&ion 'ue&(ion 2


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1h' is preferred stock referred to as preferred0

1hat are some of the features added to preferred stock that make it more attractive to

investors0

1ould 'ou select preferred stock or common stock as an investment0 1h'0

rovide stock details from 'our "nnual ?eport.

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ACC 291 #ee$ Indi3idual #ile)L4S A&&ignmen(


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we have another New set of week * 1ille'plus assi!nment which could be found on

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17/25


ACC 291 #ee$ Indi3idual #ile)L4S ac(ice 'ui7 C5. 1112


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?esource:1ile'@A8

#omplete the 1ile'@A8 1eek


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ACC 291 #ee$ Leaning Team #ee$l) Re8lec(ion


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iscuss the obCectives for 1eek


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ACC 291 #ee$ #ile)*lu& A&&ignmen( 9,;A E16,: E16,+ E16,1

E16,22 E16,2- /016 16,9A 16,1A IFRS16,- !ew"

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39$;"( E+$( E+$4( E+$*( E+$22( E+$2( 56+( +$9"( +$*"( >F?8+$

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3 Exercise +$: Blin!er #ompan'3 Exercise +$4: Brte!a #ompan'

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20/25


ACC 291 #ee$ - %i&cu&&ion 'ue&(ion 1


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1h' are companies reuired to prepare a statement of cash flows0

1h' is the statement of cash flows divided into three sections0



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ACC 291 #ee$ - %i&cu&&ion 'ue&(ion 2


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1hat are some common ratios used to anal'=e financial information0 1hich are the

most important0



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ACC 291 #ee$ - Indi3idual#ile)L4S ac(ice


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?esource:1ile'@A8

#omplete the 1ile'@A8 1eek Four ractice ,ui==es for chapters * and .

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ACC 291 #ee$ - #ile)*lu&

A&&ignmen( %o I(= 11,1 E11,: E11,; /011,1 /011,2 11,:A

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ACC 291 #ee$ : #ile)*lu& A&&ignmen( E;, E12,1 E12,+ 12,9A

12,16A E1, E1,- IFRS1,1 1,2A !ew"


3 E;$*( E2$( E2$4( 2$9"( 2$+"( E*$*( E*$( >F?8*$( *$2".

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3 Exercise 2$

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acc 291 guide learn by doing

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