ACC 201 Principles of Financial Accounting

Topics: Ethics, Bookkeeping, Financial statements Pages: 2 (884 words) Published: September 20, 2014
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ACC 201 Principles of Financial Accounting

 Week 1
Chapter 1 and 2 Practice Exercises: 1-2, 1-4, 1-9, 1-12, 1-18, 2-1, 2-3, 2-19, 2-22, 2-25. Memo to Blair
Complete the writing assignment, ATC 1-4 from Chapter 1 and submit to your instructor. Week 2 Discussion 1: Fraud
Discuss in general the ethical issues when employees are tempted to defraud their employer or when companies defraud the public. What sort of situations can lead to this behavior? What are the costs of fraudulent behavior? What kind of controls can help prevent ethical problems? Cite an example of unethical behavior (not necessarily limited to fraud) that you are aware of from personal experience or have read about that is related to business. After you have posted your original thread be sure to respond to at least two other students’ original threads. Week 2 DQ2 Debit Credit

Read and answer Chapter 4, Question 21 on the effects of debit and credit memo’s on the Cash account. Explain in 200 words. Respond to at least two of your classmates’ postings Week 2 Chapter 3 Problems

Complete the following problems from Chapter 3 and submit to your instructor. These problems will be graded for accuracy. Problems: 3-22, 3-25 Week 2 Chapter 4 Problems
Complete the following problems from Chapter 4 and submit to your instructor. These problems will be graded for accuracy. Problems: 4-20, 4-21 Week 2 Assignment FASB Paper
Go to the website of the Financial Accounting Standards Board, www.fasb.org. Write a paper, in at least 400 words, that describes the mission of FASB, how it is organized, how it functions, and who grants the authority of FASB to issue accounting standards. Also, research the most recent accounting issues that FASB is taking into consideration.  Week 3 Assignment GAAP and Ethics

Read ATC 6-5 of Chapter 6 and answer part a. Additionally, given what you have learned about financial accounting so far, think of as many ways that you could “adjust” the financial...
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