ACC 290 (Principles of Accounting 1) Week 3 Complete
ACC 290
Week 3
Week 3 DQ1
What are the steps in completing the accounting cycle? How do the different steps affect the financial statements? What is the effect on the financial statements of missing a step when completing the accounting cycle?
Week 3 DQ2
What are the four closing journal entries? Why are they necessary? What are reversing entries? Why are they used? What are the pros and cons of using reversing entries? Why are reversing entries optional?
Week 3 DQ3
What is the main purpose of a financial statement worksheet and its benefits? How has automation aided the preparation, accuracy, and use of the financial statement worksheet?
Assignments
ACC 290 Week 3 Problems and Exercises BE4-1, P4-2A, P4-3A.
ACC 290 Week 3 Learning Team Reflection Summary. (450+ Words)
ACC 290 Week 3 Weekly Summary.
ACC 290
Week 3
Week 3 DQ1
What are the steps in completing the accounting cycle? How do the different steps affect the financial statements? What is the effect on the financial statements of missing a step when completing the accounting cycle?
Week 3 DQ2
What are the four closing journal entries? Why are they necessary? What are reversing entries? Why are they used? What are the pros and cons of using reversing entries? Why are reversing entries optional?
Week 3 DQ3
What is the main purpose of a financial statement worksheet and its benefits? How has automation aided the preparation, accuracy, and use of the financial statement worksheet?
Assignments
ACC 290 Week 3 Problems and Exercises BE4-1, P4-2A, P4-3A.
ACC 290 Week 3 Learning Team Reflection Summary. (450+ Words)
ACC 290 Week 3 Weekly Summary.
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