XACC 280 Financial Accounting Concepts and Principles /Complete Class

Feb 3rd, 2012
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XACC 280 Week 1 CheckPoint: Accounting Assumptions, Principles, and Constraints • Write an essay in 250 to 300 words, including the following: o The basic assumptions of accounting o The principles of accounting o The constraints of accounting o A conclusion stating how you think sound financial reporting depends on principles, assumptions, and constraints. Refer to the U.S. GAAP in your response. CheckPoint: The Accounting Equation • View PhxKlips The Accounting Equation on your student Web site. • Write an explanation of the function of each element in the accounting equation, using 100 to 150 words. • Complete E1-5 on p. 34 of Financial Accounting. • Post your explanation of the elements in the accounting equation with the answers to E1-5. XACC 280 Week 2 CheckPoint: Debits and Credits • View PhxKlips Debits and Credits on your student Web site. • Complete the questions and fill in the Account Changes matrix in Appendix B. • Post the completed Appendix B as an attachment.

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