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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 3 - Complete Solutions and ACC 290 - week 3 - Complete Course. Our main motive is that our students should pass their exams with flying colors. ACC 290 - week 3 - Complete Study Material and ACC 290 - week 3 - 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 3 - Complete

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Course Detail:

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? 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?

 

DQ2.What are the pros and cons of using reversing entries? Why are reversing entries optional? 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?

 

Individual WileyPLUS Assignment – Exercise BE4-1, Problem P4-2A and P4-3A

Complete the following in WileyPLUS: Brief Exercise BE4-1, Problem P4-2A, and Problem P4-3A

 

LT Reflection Summary

Discuss the objectives for ACC 290 Week Two.  What do you think will be the most important of the skills learned when you are in an accounting position?  Differentiate between accrual basis and cash basis of accounting.  Create Adjusting Entries.  Prepare an adjusted trial balance.

Write a 350 to 500 word summary of your Learning Team’s discussion 

 
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