List and briefly describe four of the five differences between managerial accounting and financial accounting

List and briefly describe four of the five differences between managerial accounting and financial accounting.

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ACC 225 Week Four (Week 4) Solution

ACC 225 Week Four (Week 4) Solution


CheckPoint: Preparing Balance Sheets and Statements
• Resource: Fundamental Accounting Principles, pp. 156 and 159
• Due Date: Day 4 [Individual] forum
• Complete Quick Study question QS 4-2 on p. 156 and Exercises 4-4 and 4-5 on p. 159.
• Post your answers as an attachment.

Assignment: Preparing Entries and Statements
• Resources: Fundamental Accounting Principles, pp. 165-167
• Due Date: Day 7 [Individual] forum
• Complete Problems 4-5A and 4-6A. When responding to the analysis component of 4-5A, be sure to think critically about the possible errors that are described. In your answer, be sure to carefully analyze the worksheet as if the errors were made and present the evidence for your explanation. Identify the consequences of the errors and describe their impact on the financial statements. Explain whether the error is likely to be discovered when completing the worksheet.
• Post your answers as an attachment.

 Click here for the solution: ACC 225 Week Four (Week 4) Solution

ACC 225 Week One (Week 1) Solution

ACC 225
 

 Axia College of University of Phoenix (UoP)

Financial Accounting

Larson, K. D., Wild, J. J., & Chiappetta B. (2005). Fundamental accounting principles (17th ed.)

ACC 225 Week One (Week 1) Solution

Exercises: Accounting and Business Organizations

• Resource: Fundamental Accounting Principles, p. 30
• Due Date: Day 5
• Post your answers to Exercises 1-1 and 1-4

 Click here for the solution: ACC 225 Week One (Week 1) Solution

ACC 225 Week Two (Week 2) Solution

ACC 225
University of Phoenix (UoP)
Financial Accounting

Larson, K. D., Wild, J. J., & Chiappetta B. (2005). Fundamental accounting principles (17th ed.)

Week Two (Week 2) Solution

CheckPoint: Debits and Credits
• Resource: Fundamental Accounting Principles, p. 74
• Due Date: Day 4 [Individual] forum
• Post your answers to Quick Study questions QS 2-3, QS 2-4, and QS 2-5.

Assignment: Preparing Journal Entries and Trial Balances
• Resource: Fundamental Accounting Principles, pp. 76 and 80
• Due Date: Day 7 [Individual] forum
• Complete Exercises 2-4 and 2-5 on p. 76 and Problem 2-2A on p. 80.
• Post your answers as an attachment.


 Click here for the solution: ACC 225 Week Two (Week 2) Solution