Accounting Week of 2/28 - 3/4

Accounting 1:

This week you will finish your final project and complete MSUAP #7 (review assignment). You will also be responsible for finishing Automated Accounting 3-P and 3-M if you have not already done so.

Final Project:      Must be turned in with cover page by end of day Tuesday March 1.

    1)T accounts
    2)Journalize 2 pages of transactions
    3)Post to general ledger
    4)Worksheet
    5)Financial Statements (income statement and balance sheet – Excel)
    6)Adjusting and Closing Entries
    7)Post-Closing Trial Balance (Excel)
    8)Create a proposal detailing three ways company can improve (Word)

            -One paragraph detailing how company did in current month

            -One paragraph each (3 total) describing each of your suggestions

MSUAP #7:         Due Friday March 4.

·         This assignment mirrors the final exam. It is a shorter version of your Final Project and follows the same steps except you are not required to make T accounts. Use the steps for the final project to complete MSUAP #7.

·         You will be given the materials for this assignment on Tuesday.

Automated Accounting – Due Monday March 7.

                Finish 3-P and 3-M if you have not already done so.

 Accounting 2:

Final Project

You will complete Reinforcement Activity R-2 in Automated Accounting 7.0.

Your project will take the form of a fiscal period report and will need a cover page for ACM Video & Electronics.

Your project must be submitted in the order specified below:

1.       Cover Page

2.       Trial Balance

3.       Schedule of Accounts Payable

4.       Schedule of Accounts Receivable

5.       Adjusting Entries

6.       Income Statement

7.       Income Statement 3D bar graph

8.       Balance Sheet

9.       Balance Sheet 3D bar graph

10.   Post-Closing Trial Balance

11.   Proposal (Based on the Income Statement numbers, identify and explain three possible ways for ACM Video & Electronics to increase its net income in the next month – one paragraph describing how the company fared this month and one for each (3) suggestion for improvement)

This project should be completed by Friday March 4.