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Do you work hard to achieve good grades, but does not get success at that level? Studentwhiz has found out a simple yet interesting way to help its students achieve good grades by learning in a smart way through University of Phoenix ACC 290 - week 2 - Complete Solutions and ACC 290 - week 2 - Complete Course. Our main motive is that our students should pass their exams with flying colors. ACC 290 - week 2 - Complete Study Material and ACC 290 - week 2 - Complete Guide are also been provided so that students can learn from them. On our learning portal you will get study material which is 100% updated and imparted by our experts.

ACC 290 - week 2 - Complete

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Course Detail:

DQ1.What is the revenue recognition principle? What is the expense recognition principle? Why are they important to financial reporting?

What are adjusting entries and why are they necessary?

What are accruals? Provide examples of accruals. Why do accruals require adjusting entries?

What are deferrals? What are some examples of deferrals? Why do deferrals require adjusting entries?

 

DQ2.What accounts are subject to adjusting journal entries and why?

How would you explain the purpose of the adjusted trial balance?

 

LT Reflection Summary

Discuss the objectives for ACC 290 Week One.  How do they relate to the practice of accounting and its uses in business?  Identify the four basic financial statements.  Classify transactions using the rules of debit and credit.  Journalize basic transactions.  Discuss how financial statements would be useful to external users such as investors and creditors.  Write a 350 to 500 word summary of your Learning Team’s discussion.

 

Individual Assignment - WileyPLUS Assignment

WileyPLUS and Financial Accounting.

Complete the following in WileyPLUS: Exercise E3-4, Exercise E3-9,        Problem 3-5A, Problem 3-6A 

 
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