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Presentation on theme: "ACC 206 AID EDUCATION EXPERT / acc206aid.com FOR MORE CLASSES VISIT www.acc206aid.com."— Presentation transcript:

1 ACC 206 AID EDUCATION EXPERT / acc206aid.com FOR MORE CLASSES VISIT www.acc206aid.com

2 ACC 206 Entire Course (New) ACC 206 Week 1 Assignment Chapter One Problems ACC 206 Week 1 DQ1 Cash Flows Information ACC 206 Week 1 DQ2 Apple's Cash Flow ACC 206 Week 2 Assignment Chapter Two and Three Problems

3 ACC 206 Week 1 Assignment Chapter One Problems (Ash)) Ch 1 Critical Thinking Question 5: Answer the following questions: Why are noncash transactions, such as the exchange of common stock a building, included on a statement of cash flows? How are these noncash transactions disclosed? Chapter 1 Exercise 1:

4 ACC 206 Week 1 DQ 1 Cash Flows Information (Ash) Cash Flows Information What information does the cash flow statement provide that you cannot see in the other financial statements (income statement, balance sheet, owner’s equity)? What elements of the cash flow statement do you think are most important for company management to monitor and why? Is this different

5 ACC 206 Week 1 DQ 2 Apple's Cash Flow (Ash) Go to http://finance.yahoo.com. Enter in “AAPL” and click on the “get quote” button, and it will bring up information on Apple. On the left hand side you’ll see a section on Financials. Within that section, click on the cash flow. Review the cash flow statement for Apple. How would you summarize Apple’s cash flow position and what does this statement tell you about where the money is coming from and where it’s going? What would you suggest Apple’s do to improve its cash position and why?http://finance.yahoo.com Guided Response:

6 ACC 206 Week 2 Assignment Chapter Two (Ash) Accounting Equation As you have learned in this week’s readings the Accounting Equation is + Owners’ Equity. Is the accounting equation true in all instances? Provide sample transactions from your own experiences to demonstrate the validity of the Accounting Equation. Guided Response: Review several of your peers’ postings and identify some core components that you feel should be included in every transaction. Respond to at least two of your peers and provide recommendations to extend their thinking

7 ACC 206 Week 2 DQ 1 Stock Features (Ash) Stock Features 1. What is callable preferred stock? Why do corporations issue such stock? Given the different features that are associated with stock (callable, cumulative, preferred, etc.), what type of stock would you want to buy personally and why? Guided Response : Review your peers’ posts. Respond to at least two of your classmates, letting them know if you agree with their type of desired stock and whether

8 ACC 206 Week 2 DQ 2 Role of Management Accounting (Ash) Role of Management Accounting Review the roles of management accounting within a company. What is the most important role of management accounting? How is that different than financial accounting? Guided Response: Review your peer's responsees. Respond to at least two of your peers, adding at least two additional areas that management accountants focus on that the author didn't include

9 ACC 206 Week 2 Journal Institute (Ash) Institute of Management Accounting While there are many instances of overlap between financial accounting and management accounting, each group’s primary focus is different. Review the Institute of Management Accounting’s (IMA) website, specifically the “About IMA” and the “Resources

10 ACC 206 Week 3 Assignment Chapter Four (Ash) 1 Chapter 4 and 5 Problems Please complete the following 7 exercises below in either Excel or a word document (but must be single document). You must show your work where appropriate (leaving the calculations within Excel cells is acceptable). Save the document, and submit it in the appropriate week using the Assignment Submission button. Chapter 4 Exercise 3

11 ACC 206 Week 3 DQ 1 Issues in Costing (Ash) Issues in Costing Describe three issues/problems that a company could encounter when trying to determine the actual cost of a good or service to be used in the cost of goods sold. For each of your issues, provide an example of a company or industry where these issues could be present. Guided Response:

12 ACC 206 Week 3 DQ 2 CVP and the Airline Industry (Ash) CVP and the Airline Industry We’ve all experienced (or heard about) the challenges that the airlines have been facing. Read the Zacks Investment Research article, “Airline Industry Stock Outlook – August 2012” Identify three factors that are affecting airline company’s ability

13 ACC 206 Week 3 Journal Hershey Company (Ash) Hershey Company Go the Hershey website to learn how to make Hershey chocolate. Review the process and take a look at some of the videos. Pay particular attention to the process steps of milling and pressing, mixing the ingredients, and refining. In at least one paragraph, describe the costing system that you would recommend Hershey use to account for its cost of goods sold and why.

14 ACC 206 Week 4 Assignment Chapter Six (Ash) Please complete the following 8 exercises below in either Excel or a word document (but must be single document). You must show your work where appropriate (leaving the calculations within Excel cells is acceptable). Save the document, and submit it in the appropriate week using the Assignment Submission button. Chapter 6 Exercise 2

15 ACC 206 Week 4 DQ 1 Issues in Standard (Ash) Issues in Standard Costs and Budgeting Review the Standard costs: wake up and smell the coffee.article. When evaluating performance, many organizations compare current results with the actual results of previous accounting periods. Is an organization that follows this approach likely to encounter any problems? Explain. Guided Response:

16 ACC 206 Week 4 DQ 2 Flexible Budgets (Ash) Flexible budgets provide different information than static budgets. Discuss some of these differences. Is a flexible budget always better? Are there times when you’d recommend using a static budget over a flexible budget? Guided Response:

17 ACC 206 Week 5 Assignment Chapter Eight Problems (Ash) 1. Please complete the following 5 exercises below in either Excel or a word document (but must be single document). You must show your work where appropriate (leaving the calculations within Excel cells is acceptable). Save the document, and submit it in the appropriate week using the Assignment Submission button.

18 ACC 206 Week 5 Assignment Final Paper (Ash) Final Paper Focus of the Final Paper You’ve just been hired onto ABC Company as the corporate controller. ABC Company is a manufacturing firm that specializes in making cedar roofing and siding shingles. The company currently has annual sales of around $1.2 million, a 25% increase from the previous

19 ACC 206 Week 5 DQ 1 Long- term Decision Making (Ash) Long-term Decision Making List a few of the issues and considerations businesses should have when it comes to the selection of long-term investments and how those issues impact the various financial statements.

20 ACC 206 Week 5 DQ 2 Responsibilities (Ash) Responsibilities in Management Accounting Review the rights and responsibilities of Certified Management Accountants: http://www.imanet.org/PDFs/Public/CMA/RIghts_Responsibil ity_CMA.pdf http://www.imanet.org/PDFs/Public/CMA/RIghts_Responsibil ity_CMA.pdf What are some of the ethical responsibilities and obligations that management

21 ACC 206 AID EDUCATION EXPERT / acc206aid.com FOR MORE CLASSES VISIT www.acc206aid.com


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