ACC 230 Entire Course

Topics: Income statement, Generally Accepted Accounting Principles, Financial statements Pages: 7 (1473 words) Published: March 28, 2014

ACC 230 Entire Course Author : Sarah Keller

ACC 230 Week 1 Checkpoint Financial Statements
CheckPoint: Assessing Financial Statements
Resource:Ch. 2 of Understanding Financial Statements,and Ch. 1 PowerPoint® (pp. 1-10, 1-11, and 1-13)
Searchthe Internet for the financial statements of your favorite company or your employer. You may either locate the corporate Web site for your chosen company, or you may select a company’s financial statements from the EDGAR

database at



Posta 200- to 300-word response that includes the following information: Three strengths and three weaknesses in the financial statements Trends in net profit, debt ratio as a percentage of total assets, and debt as a percentage of total equity

A review of 2- to 3-year trends and an analysis of positive and negative trends A confirmation of whether or not the company is discussing what it intends to do to correct negative trends
ACC 230 Week 1 DQ 1 and DQ 2
Discussion Questions
Go to the U.S. Securities and Exchange Commission’s Web site at and the Financial Accounting Standards Board’sWeb site at Identify the mission and main activities of each organization. Then, analyze the similarities and differences between the roles of each entity. Which entity has more influence over financial statement reporting? Explain your answer.

Search the Internet or the Online Library for information about the Sarbanes-Oxley Act. A useful guide to some of these provisions is located at Summarize at least two provisions of the law, and discuss your interpretation of these provisions with your classmates. Do you think this law will make financial statements more reliable? Also, discuss how SarbanesOxley establishes boundaries to ensure ethical practices. What does the law allow or prohibit, and why?

ACC 230 Week 2 Assignment Lucent Technologies Case
Assignment: Lucent Technologies Case
Resource:Ch. 2 of Understanding Financial Statements
Read Case 2.1: Lucent Technologies on pp. 79-80 (Ch. 2) of the text. Compose a 500- to 750-word paper that includes your answers to questions 2-4 on p. 79 (Ch. 2).
Format your paper according to APA standards.
ACC 230 Week 2 CheckPoint Differentiating Depreciation Methods Post your paper as an attachment.



CheckPoint: Differentiating Depreciation Methods
Resource:Ch. 2 of Understanding Financial Statements
Compose a 200- to 300-word response to Question 2.4 on p. 74 (Ch. 2). In addition, include a summary of the advantages and disadvantages of using different depreciation methods, such as straightline versus accelerated.

ACC 230 Week 3 CheckPoint Preparing an Income Statement
CheckPoint: Preparing an Income Statement
Resources:Ch. 3 of Understanding Financial Statements, andmultistep_template.xls Complete Problem 3.10 on p. 109 (Ch. 3).
Use multistep_template.xls to prepare a multiple-step income statement. Write a 200- to 300-word summary analyzing the implications of profitability and the net income of the company.
ACC 230 Week 3 DQ 1 and DQ 2
Discussion Questions
Postyour answer to Problem 3.5 on p. 109 (Ch. 3). How might the information contained within the stockholder equity statement be used for management and investor decision-making? Provide specific examples of situations in which the stockholder equity information might be used.

Provide an example from the text or the Internet that demonstrates a situation in which a company’s net profits appeared good in the statements, but the gross or operating profits presented a different picture. Discuss how this might have occurred.Respond to the following question, addressed in Problem 3.6 on p. 109 (Ch. 3): “Why is the bottom-line figure,...
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