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31 Cards in this Set

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ACC 421 Intermediate Financial Accounting I

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ACC 421 Final Exam Guide 4 Sets

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ACC 421 Week 1 DQ 1


What are the major objectives of financial reporting?

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ACC 421 Week 1 DQ 2


What is the purpose of GAAP and the accounting cycle?

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ACC 421 Week 1 DQ 3


What organizations are responsible for governing financial reporting and what are their roles?

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ACC 421 Week 1 Individual Accounting Cycle Paper


Prepare a 700- to 1,050-word paper explaining the overall accounting cycle at your organization. Include a description of the people, processes, and systems that are integral to the cycle.


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ACC 421 Week 1 Individual Assignments From the Text


Resource: Intermediate Accounting
Write responses to Concepts for Analysis CA1-11 & CA1-12 in Ch. 1 of Intermediate Accounting.


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ACC 421 Week 1 Summary

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ACC 421 Week 2 DQ 1


What are the different criteria for recognizing revenue?

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ACC 421 Week 2 DQ 2


What are the differences between regular and irregular items on an income statement?

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ACC 421 Week 2 DQ 3


What is included in other comprehensive income?

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ACC 421 Week 2 Individual Assignment


P1, P2, P3, P4

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ACC 421 Week 2 Learning Team Assignments From the Text


Resource: Intermediate Accounting



Write responses to Problems P3-5 and P3-9 in Ch.3 of Intermediate Accounting.


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ACC 421 Week 2 Summary

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ACC 421 Week 3 DQ 1


What are the limitations of using ratios for financial statement analysis? What are the benefits?

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ACC 421 Week 3 DQ 2


What does full disclosure mean? How does full disclosure affect financial reporting?

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ACC 421 Week 3 DQ 3


What information is provided in the auditors’ report?

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ACC 421 Week 3 Individual Assignments


P1,P2,P3 and P4

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ACC 421 Week 3 Learning Team Assignments From the Text


Resources: Intermediate Accounting
Write responses to Problems P4-3 in Ch. 4 and Problems P18-7 & E18-15 in Ch. 18 of Intermediate Accounting.


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ACC 421 Week 3 Summary

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ACC 421 Week 4 DQ 1


What does the statement of cash flows tell you about a company?

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ACC 421 Week 4 DQ 2


What is included in each section of the statement of cash flows?

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ACC 421 Week 4 DQ 3


What are the differences between the direct and indirect method of presenting a statement of cash flows?

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ACC 421 Week 4 Individual Assignment



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ACC 421 Week 4 Learning Team Assignments From the Text


Resource: Intermediate Accounting


Write responses to Problem P5-3 in Ch. 5 and Concepts for Analysis CA24-2 in Ch. 24 of Intermediate Accounting.


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ACC 421 Week 4 Summary


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ACC 421 Week 5 DQ 1


What does the time value of money mean? Why is this concept important in accounting? Under what circumstances would we use the time value of money calculations?

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ACC 421 Week 5 DQ 2


When would we use present value calculations? When would we use future value calculations? Which is more likely to be used in accounting? Why?

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ACC 421 Week 5 Individual Assignment

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ACC 421 Week 5 Learning Team Assignments From the Text


Resource: Intermediate Accounting
Write responses to Problems P6-7 in Ch. 6 and P23-7 in Ch. 23 of Intermediate Accounting.


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ACC 421 Week 5 Summary


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