{"id":50125,"date":"2018-02-20T23:50:30","date_gmt":"2018-02-20T23:50:30","guid":{"rendered":"https:\/\/writemyessayfree.com\/acc201-module-1-case"},"modified":"2017-08-16T12:26:30","modified_gmt":"2017-08-16T12:26:30","slug":"acc201-module-1-case","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/acc201-module-1-case\/","title":{"rendered":"ACC201 Module 1 Case"},"content":{"rendered":"<p>There are three main parts to this case that require you to prepare and submit a 3- to 5-page paper. Please make sure this paper is well organized and covers all of the items below.<\/p>\n<p><b>Part I<\/b><\/p>\n<p>Search the course background information, the Internet and\/or the Cyber Library. Discuss the terms listed below. Your discussion should expand on the definition as given in the Module background. Explain why these concepts are important to financial statements.<\/p>\n<ul>\n<li>Generally Accepted Accounting Principles (US GAAP);<\/li>\n<li>International Accounting Standards (IFRS);<\/li>\n<li>Securities and Exchange Commission (SEC);<\/li>\n<li>Annual report; and<\/li>\n<li>10-K, 10-Q, and 8-K<\/li>\n<\/ul>\n<p><b>Part II <\/b><\/p>\n<p>Explain the basic formats of financial statements, such as income statement, balance sheet, statement of cash flows, and statement for retained earnings.<\/p>\n<p><b>Part III <\/b><\/p>\n<ol>\n<li>Everything in Accounting typically falls into one of three categories, as illustrated by the Accounting Equation. State the Accounting Equation: Assets = _______________ + _______________<\/li>\n<li>You will note that the Accounting Equation comprises 3 &#8220;categories,&#8221; each of which can be broken down further into accounts.&nbsp; For each&nbsp;of the&nbsp;three&nbsp;main&nbsp;categories&nbsp;of the Accounting Equation,&nbsp;list 5 or more accounts with actual amounts that would&nbsp;typically be classified&nbsp;into each. For instance,&nbsp;Land &amp;&nbsp;Equipment&nbsp;would typically be&nbsp;categorized as&nbsp;Assets.<\/li>\n<li>To simplify your answers, complete&nbsp;the assignment using a basic table or diagram.&nbsp;<\/li>\n<\/ol>\n<p><b>Assignment Expectations<\/b><\/p>\n<p>The submission should be 3- to 6-pages and needs to include answers to all the questions listed above. Show computations, discuss the results, and include references in APA format.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>There are three main parts to this case that require you to prepare and submit a 3- to 5-page paper. Please make sure this paper is well organized and covers all of the items below. Part I Search the course <a href=\"https:\/\/www.benedictsol.com\/blogs\/acc201-module-1-case\/\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-50125","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/50125","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=50125"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/50125\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=50125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=50125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=50125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}