ACC 280 Week 3

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ACC 280 Week 3

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ACC 280, 2016

ACC 280 Week 3

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ACC 280 Week 3,

ACC 280 Week 3

Week 3 DQ 1

What are the steps in completing the accounting cycle? Discuss the relationship between the
amounts on the Adjusted Trial Balance for an account and its ledger? Discuss the relationship
of the Adjusted Trial Balance and the amount on the Financial Statements?
Week 3 DQ 2

What is the impact on the financial statements of missing a step when completing the accounting cycle?

Is a mistake on the income statement more damaging than a mistake on the balance sheet?

Why or why not? How do we insure that mistakes do not happen in the closing process?

Week 3 DQ 3

In order of importance, list the statements. Why did you rank the statements in the order you did?

(This is different than just choosing one to be most important like last week.)

Why does GAAP require all statements? Why is it necessary to prepare the formal

Financial Statements if all the data are on the Adjusted Trial Balance?

Week 3 DQ 4

What are reversing entries? Why are reversing entries needed? What would be the impact if not made?

What are the pros and cons of using reversing entries? What types of transactions may require reversing entries?

ACC 280 Week 3 Assignment; Assignments from the Reading Neosho River Resort Inc

ACC 280 Week 3 Individual Assignment Chapter Questions 2, 3, 4, and 8

ACC 280 Week 3 Individual Assignment; Exercises E3-7 and E3-8)

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ACC 280 Week 3

 

ART 101 , Test Banks , BUS 401 , ECE 313 , BUS 325, BUS 210 , BUS 250, BUS 303, BUS 402, BUS 201 , BA 215, BUS 230, BUS 211, BUS 307, BUS 235, BUS 308, BUS 475, BUS 415 

 , BUS 610, BUS 620, BUS 405, BUS 642, MATH 221, BUS 600, BSA 500, BUS 310 , BIO 101 , ECO 100, BUS 370, BIO 100, BUS 226, BUS 640, BUS 630, PSY 101, BUS 372, BUS 680, BUS 501, ECE 311, BUS 311,

ACC 280 Week 3

 

 

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