1. BUS 591 Entire Course (Ash)
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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 2 Homework Problems
BUS 591 Week 3 DQ 1 Perpetual Inventory System
BUS 591 Week 3 DQ 2 Inventory Valuation Methods
BUS 591 Week 3 Homework Problems
BUS 591 Week 4 DQ 1 Why do I need accounting
BUS 591 Week 4 DQ 2 Sarbanes-Oxley Act of 2002
BUS 591 Week 4 Homework Problems
BUS 591 Week 5 DQ 1 Liabilities and Financial Analysis
BUS 591 Week 5 DQ 2 Colgate’s Annual Report
2. BUS 591 Week 5 Sarbanes-Oxley Act of 2002Methods of Depreciation
BUS 591 Week 6 DQ 1 Indirect Method vs. Direct Method
BUS 591 Week 6 DQ 2 Horizontal vs. Vertical Analysis
BUS 591 Week 6 Final Project
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BUS 591 Week 1 DQ 1 Generally Accepted Accounting
Principles (G.A.A.P.). (Ash)
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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?
3. Your answer should illustrate understanding of generally accepted
accounting principles and their international counterpart. Respond to at
least two of your classmates’ posts.
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BUS 591 Week 1 DQ 2 Annual Reports (Ash)
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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? Do you agree with these
principles, or do you feel there are additional principles that should be
included?
What was the total amount of Tootsie Roll’s assets for the most current
year available?
4. § What was the total amount of Tootsie Roll’s liabilities for the most
current year available?
§ What is the amount of the difference between Tootsie Roll’s assets and
liabilities? What is this difference called?
Based on your initial findings at the Tootsie Roll website, would you
consider investing in them? Why or why not? Your answer should
illustrate critical thought and understanding of the annual report and
financial statements. Respond to at least two of your classmates’ posts.
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BUS 591 Week 1 Homework Problems (Ash)
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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
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BUS 591 Week 2 DQ 1 Debits and Credits (Ash)
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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.
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BUS 591 Week 2 DQ 2 Revenue & Expense (Ash)
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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 net income has not decreased, what has
been done to offset the higher salaries? Should fans be expected to pay
higher prices for ‘America’s national pastime’ to help offset the costs of
higher salaries? Respond to at least two of your classmates’ posts
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BUS 591 Week 2 Homework Problems (Ash)
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BUS 591 Week 2 Homework Problems
7. 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.
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BUS 591 Week 3 DQ 1 Perpetual Inventory System (Ash)
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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 to illustrate the perpetual inventory system. After
presenting your hypothetical figures, discuss how a perpetual inventory
system is different from a periodic inventory system. Your answer
8. should illustrate understanding of the perpetual inventory system.
Respond to at least two of your classmates’ posts.
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BUS 591 Week 3 DQ 2 Inventory Valuation Methods
(Ash)
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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 between the
physical movement of goods and cost flow assumptions. Your answer
should illustrate understanding of the three major inventory valuation
methods, and the relationship between physical inventory flow and cost
flow assumptions. Respond to at least two of your classmates’ posts.
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BUS 591 Week 3 Homework Problems (Ash)
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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.
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BUS 591 Week 4 DQ 1 Why do I need accounting (Ash)
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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 class. In the email, he said, “Why do I need to take
accounting? What will I ever need to know about reporting and
analyzing long-lived assets? I am a management major.” Write a 100- to
250-word response to your friend, including specific details about the
benefits of learning accounting. Focus particularly on reporting and
analyzing long-lived assets from a manager’s perspective. Discuss the
benefit and purpose of learning accounting as a business student.
Respond to at least two of your classmates’ posts.
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BUS 591 Week 4 DQ 2 Sarbanes-Oxley Act of 2002
(Ash)
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11. 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 findings. Find
information about the internal control policy of the company and
summarize this policy in your post. Is it in compliance with SOX? What
are some references to SOX mentioned in the annual report? Your
answer should demonstrate understanding of the Sarbanes-Oxley Act,
and be a minimum of 100 to 200 words in length. Respond to at least
two of your classmates’ posts.
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BUS 591 Week 4 Homework Problems (Ash)
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BUS 591 Week 4 Homework Problems
12. 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 the posted due date. Show
all your work to earn full credit.
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BUS 591 Week 5 DQ 1 Liabilities and Financial Analysis
(Ash)
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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
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13. BUS 591 Week 5 DQ 2 Colgate’s Annual Report (Ash)
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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 the Internet. Use this information to answer the following
questions. If researching online, go to the Colgate company website
(http://www.colgate.com). Use the ratios discussed in Chapter 11
(dividend payout ratio and return on common stockholders’ equity) to
evaluate Colgate’s dividend and earnings performance from a
stockholder’s perspective. Your answer should illustrate understanding
of dividend ratios and return on equity ratios, an analysis of financial
statements. Respond to at least two of your classmates’ posts.
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BUS 591 Week 5 Sarbanes-Oxley Act of 2002 Methods
of Depreciation (Ash)
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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?
Explain the methods of depreciation. Explain the methods of depletion.
How do depletion and depreciation methods differ? Compare and
contrast the depreciation and depletion methods. Use scholarly
references (no Wikipedia, Answers.com, etc.) to support the points you
make in your paper.
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BUS 591 Week 6 DQ 1 Indirect Method vs. Direct
Method (Ash)
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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 for the
direct method. Discuss the similarities and differences between the
direct and indirect methods, and the advantages of using each method.
Your answer should illustrate understanding of the cash flow statement.
A minimum of 100 to 200 words is required for your answer. Respond
to at least two of your classmates’ posts.
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BUS 591 Week 6 DQ 2 Horizontal vs. Vertical Analysis
(Ash)
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16. 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 text.
Describe how the ratios are used in analyzing a firm’s liquidity,
solvency, and profitability. Your answer should illustrate understanding
of financial statement analysis, including ratios. A minimum of 100 to
200 words is required for your answer. Respond to at least two of your
classmates’ posts.
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BUS 591 Week 6 Final Project (Ash)
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BUS 591 Week 6 Final Project
17. 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 applying
accounting skills learned in class to different scenarios. Work through
the problems, starting with Chapter 1, following the instructions in the
textbook and Excel template.
Download and open the Excel file marked “BUS 591 Final Project
Template”. Review the instructions presented on the Instructions Tab in
the Workbook and the weekly recommended learning activity. If you
complete each part as recommended, you will have the complete Final
Project finished by Week Six. Chapters 1, 2 and 3 are ungraded practice
problems, while Chapters 4 and 13 are graded problems. Take your time
and complete all requirements. Also, if you complete the practice
problems from Chapter 3, completing the graded portion from Chapter 4
will be much easier.
Do not work ahead unless you read the corresponding chapters. For
example, read Chapters 3 and 4 before completing the Continuing
Cookie Chronicle problem from those chapters.
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BUS 591 Week 6 Final Project (Aug 2018)
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BUS 591 Week 6 Final Project
MAKE SURE TO COMPLETE ALL GRADED REQUIREMENTS
LISTED BELOW.
It is recommended that you complete the non-graded requirements for
additional practice
All of the templates you need for the project are located in this
Workbook.
The instructions and data for the problem is in your Textbook (the
"Continuing Cookie Chronicle" at the end of the chapter).
Use the arrow buttons (lower left corner of the window) to navigate
through the tabs.
Submit the ENTIRE Workbook (file) to your instructor for the Week 6
Final Project
Requirements
19. Week One
Chapter 1 and 2 "Continuing Cookie Chronicle" - Review the problem
and make notes of your answers.
Week Two
Chapter 3, Part A, prepare journal entries to record the November
transactions
Chapter 3, Part B, post the journal entries to the general ledger accounts
Chapter 3, Part C, prepare a trial balance at November 30, 2017
Week Three
Chapter 4, Part A, Journalize the transactions
Chapter 4, Part B, Post the December transactions to the general ledger
accounts
Chapter 4, Part C, Prepare a trial balance at December 31, 2017
Chapter 4, Part D, Prepare and post adjusting journal entries for the
month of December
Chapter 4, Part E, Prepare an adjusted trial balance as of December 31,
2017
20. Chapter 4, Part F, Prepare an income statement and a retained earnings
statement for the 2-month period ending December 31, 2017, and a
classified balance sheet as of December 31, 2017
Chapter 4, Part G, Prepare and post closing entries as of December 31,
2017
Chapter 4, Part H, Prepare a post-closing trial balance
Week Six
Chapter 13 - Part A, Prepare a horizontal and vertical analysis of the
income statement for Cookie & Coffee Creations Inc.
Chapter 13 - Part B, Calculate several financial ratios as indicated
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 applying
accounting skills learned in class to different scenarios. Work through
the problems, starting with Chapter 1, following the instructions in the
textbook and Excel template.
Download and open the Excel file marked “BUS 591 Final Project
Template”. Review the instructions presented on the Instructions Tab in
the Workbook and the weekly recommended learning activity. If you
complete each part as recommended, you will have the complete Final
21. Project finished by Week Six. Chapters 1, 2 and 3 are ungraded practice
problems, while Chapters 4 and 13 are graded problems. Take your time
and complete all requirements. Also, if you complete the practice
problems from Chapter 3, completing the graded portion from Chapter 4
will be much easier.
Do not work ahead unless you read the corresponding chapters. For
example, read Chapters 3 and 4 before completing the Continuing
Cookie Chronicle problem from those chapters.
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