ACC 220 Entire Course New

ACC 220 Survey of Accounting: The Maze of Numbers
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ACC 220 Week 1 Checkpoint Career
Opportunities
CheckPoint: Career Opportunities
Visit the U.S. Department of Labor, Bureau of Labor Statistics
at http://www.bls.gov/oco/ocos001.htm for an overview of the
accounting field.
Visitwww.careers-in-accounting.com for additional details such as
salary expectations and general job expectations.
Locatethree job postings within your state for positions in the field of
accounting.
Writea 200- to 300-word summary of the educational requirements
for each position, the starting salary (if listed), and a brief description
of the responsibilities of the position.
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220/ACC-220-Week-1-Checkpoint-Career-
Opportunities

ACC 220 Week 1 DQ 1 And DQ 2
ACC 220 Week 1 DQ1
Based on what you know about accounting, what role do you see it playing in
business operations? How dependent do you think a business is on its
accounting department? Explain why.
ACC 220 Week 1 DQ 2
Why are ethics so important in the field of accounting?
220/ACC-220-Week-1-DQ-1-And-DQ-2

ACC 220 Week 2 Checkpoint Proprietorships,
Partnerships, and Corporations
CheckPoint: Proprietorships, Partnerships, & Corporations
Explain the differences between a proprietorship, a partnership, and
a corporation in 200 to 300 words. Why would an entrepreneur want
to choose one over the other? If you were starting a new business,
which would you choose? Explain why.
220/ACC-220-Week-2-Checkpoint-
Proprietorships-Partnerships-and-
Corporations

ACC 220 Week 2 Assignment Financial
Statement
Assignment: Financial Statements
Writea 350- to 700-word paper describing a balance sheet, an income
statement, a retained earnings statement, and a statement of cash
flows. How does a company use these financial statements to make
future business decisions? Use and define the following terms in your
paper when explaining how a company uses the information on the
statements:
Assets
Comparativestatements
Liabilities
Stockholder’s equity
Format your paper according to APA standards.

Post your paper as an attachment

ACC 220 Week 3 Checkpoint Classified
Balance Sheets
CheckPoint: Classified Balance Sheets
Write a 200- to 300-word response explaining what information would
be found in each of the following groupings on a classified balance sheet
and how that data might indicate the future success or failure of a
business:
Current assets
Long-term investments
Property, plant, and equipment
Intangible assets
Classified-Balance-Sheets

ACC 220 Week 3 DQ 1
When reviewing a financial report, why must information be reliable,
relevant, consistent, and comparable? Why are these accounting
characteristics important? What kinds of problems might result if a
financial report is not reliable, relevant, consistent, or comparable?
ACC 220 Week 3 DQ 2
How does information from financial reports influence business
decisions? Why is it important for business managers to understand the
information found on financial reports?

ACC 220 Week 4 CheckPoint Cash
Management Matrix Appendix B
220/ACC-220-Week-4-CheckPoint-Cash-
Management-Matrix-Appendix-B
CheckPoint: Cash Management Matrix
Use Appendix B. For each principle in the matrix, describe how the
principle ensures the reliability of a company’s financial statements
and provide at least one example of how the principle might work in a
real company. Do not use examples from your text.
Post Appendix B as an attachment.

ACC 220 Week 4 Assignment Internal Cash
Control
220/ACC-220-Week-4-Assignment-
Internal-Cash-Control
Assignment: Internal Cash Control
Write a 700- to 1,000-word paper that addresses which internal
controls are not being followed in these listed situations:
The accounting department receives from sales invoices once a
month. Most of the information is missing on the invoices.
Rob, Sue, and Bob use the same cash register at the donut shop.
Sam does the ordering of materials at the beginning of every month
and pays the bill.
Bank reconciliations are done by the person who is responsible for all
cash responsibilities.
New checks came in and are left on the shelf with other supplies.

Everyone has access to the computer system and the last audit was
seven years ago by the former accountant.
Include how a company might use the five basic principles of cash
management to increase accuracy for a business. Please explain all of
the internal controls substantively.
Post your paper as an attachment.

ACC 220 Week 5 Checkpoint Financial
Reporting
Financial-Reporting
CheckPoint: Financial Reporting
Write a 200- to 300-word response to the following: Describe how the
following financial reports are used internally in a business: income
statement, balance sheet, CVP income statement, statement of cash
flows, and retained earnings statement. Give real world applications
by using examples to demonstrate the type of business decisions that
are made using these statements.

ACC 220 Week 5 DQ 1
How would you describe the difference between financial and managerial
accounting? What are the distinguishing features of managerial accounting?
ACC 220 Week 5 DQ 2
Select a management function— planning, directing and motivating, or
controlling—and explain how that function relates to business as a whole.
Next, select a different function listed by a classmate. Discuss with your
classmate how the functions you each selected complement each other.

ACC 220 Week 6 Checkpoint Cost, Volume
and Profit Questions
220/ACC-220-Week-6-Checkpoint-Cost-
Volume-and-Profit-Questions
CheckPoint: Cost, Volume, and Profit Questions
Writea 200- to 300-word response that addresses questions 7,
9, & 14 in the Questions section on p. 284–285 of the text.

ACC 220 Week 6 Assignment Cost, Volume,
and Profit Formulas
220/ACC-220-Week-6-Assignment-Cost-
Volume-and-Profit-Formulas
Assignment: Cost, Volume, and Profit Formulas
Review the following illustrations found in Ch. 6 of your text: 6-12, 6-
15, 6-17, 6-18, 6-19, & 6-20.
Write a 350- to 700-word paper that addresses the following:
Explain the components of cost-volume-profit analysis.
What does each of the components mean?
Based on the formulas you have reviewed, what happens to contribution
margin per unit when unit selling prices increase? Illustrate your

explanation with an example from a fictitious company of how an
increase in unit selling prices might affect contribution margin.
When fixed costs decrease, what does this do for sales? Illustrate your
explanation with an example from a fictitious company.
Define contribution ratios.
What happens to contribution ratios as one of the components changes?

ACC 220 Week 7 Checkpoint Budget Matrix
Budget-Matrix
CheckPoint: Budgets Matrix
Use Appendix C to define each of the types of budgets listed and
describe their uses.
Post Appendix C as an attachment.

ACC 220 Week 7 DQ 1
You know how important it is to create budgets for your household. How
does budgeting help management make good business decisions?
ACC 220 Week 7 DQ 2
What are some of the different types of budgets? Describe in detail one
type of budget covered in the text. Describe what the budget is used for
and what information it provides a business. As you respond to your
classmates, discuss how the budget you described relates to the budgets
they described. Discuss how a business benefits from each of the
budgets.

ACC 220 Week 8 Checkpoint Flexible Budgets
Flexible-Budgets
CheckPoint: Flexible Budgets
Respond in 200 to 300 words, to the following:
What is a flexible budget?
What are the steps to developing a flexible budget?
What information is found on a flexible budget report?
How is that information used to evaluate performance?

ACC 220 Week 8 Assignment Responsibility
Center Presentation
220/ACC-220-Week-8-Assignment-
Responsibility-Center-Presentation
Assignment: Responsibility Center Presentation
Imagine you have been selected by your manager to present a
training session to a group of new employees. The new hires do
not have accounting backgrounds and have little or no work
history in a responsibility center. The purpose of this training
session is to explain the functions of each of the different
responsibility centers.
Develop a 10- to 12-slide Microsoft®
PowerPoint®
presentation that
you may use as part of this training session.
Explain what each of the different responsibility centers is and what
each is accountable for and why each center has its own budget.
Provide an example of the kinds of decisions where incremental
analysis would be used in each center.

Include speaker notes for your presentation.

ACC 220 Week 9 Capstone DQ
Think back over what you have studied and learned in this course. Do
you have a new perception of or appreciation for the field of accounting
and how it contributes to business? Explain.
220/ACC-220-Week-9-Capstone-DQ

ACC 220 Week 9 Final Project Business Plan
220/ACC-220-Week-9-Final-Project-
Business-Plan
Final Project: Business Plan
You want to start your own business. You found an investment
group that is willing to give you the capital needed for the first
year of your business, but onlyif you can convince them you
have a solid plan for the success of this business. Your investor
is very concerned with how the accounting functions of this
business will be handled.
Write a 700- to 1,050-word paper based on the scenario above.
Persuade your investor to put up the capital by addressing the
following questions in your business plan:
What is the name of your business?

What type of business structure is it—sole proprietorship,
partnership, or corporation? Why did you choose that
structure?
What type of services or products does your business provide?
What role will accounting play in the start up of your business?
What type of work characteristics will you look for when hiring
your accounting staff?
What education should a person have in budgeting, internal
controls, and cash management before going into business?
What kinds of internal controls will you put in place for the
business?
How will your managers use financial information to predict
outcomes for your business?

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