C1 ACC201 Financial Accounting 201 Introduction to Financial Accounting Case Assignment Part 1 Review the three components in the background material to answer three questions about accounting and it
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C1 ACC201
Financial Accounting 201 Introduction to Financial Accounting
Case Assignment
Part 1
Review the three components in the background material to answer three questions about accounting and its purpose.
- What is accounting?
- What is the importance of accounting?
- What are corporate financial statements?
The essay should be 400 to 500 words.
Part 2
The background information for the module covers the basic concepts, but for more ideas go to the optional background source principlesofaccounting.com. The site also offers multiple videos that you may find relevant. You may also use other sites for ideas to complete the table. Do not forget to add a creative title for the table and reference the sources used.
Create a table with four columns as shown below and complete the last three columns to express your thoughts on the purpose and significance of financial statements.
Please see attached files for assignment details.
Please use attached APA Template for assignment
C1 ACC201 Financial Accounting 201 Introduction to Financial Accounting Case Assignment Part 1 Review the three components in the background material to answer three questions about accounting and it
Module 1 – Case INTRODUCTION TO FINANCIAL ACCOUNTING INTRODUCTION TO FINANCIAL ACCOUNTING Assignment Overview The topic for this case is about defining and learning about the purpose of financial accounting statements pursuant to US GAAP (Generally Accepted Accounting Principles). This assignment has two parts. 1. An essay2. A table Case Assignment Part 1 Review the three components in the background material to answer three questions about accounting and its purpose. What is accounting? What is the importance of accounting? What are corporate financial statements? The essay should be 400 to 500 words. Part 2 The background information for the module covers the basic concepts, but for more ideas go to the optional background source principlesofaccounting.com. The site also offers multiple videos that you may find relevant. You may also use other sites for ideas to complete the table. Do not forget to add a creative title for the table and reference the sources used. Create a table with four columns as shown below and complete the last three columns to express your thoughts on the purpose and significance of financial statements. CREATE A TITLE FOR YOUR TABLE Complete the statements in your own words. Economic Perspective (Significance for our economy and capital markets (4-5 sentences) Corporate Perspective (4-5 sentences) Investor Perspective (4-5 sentences) Financial accounting is: Corporate financial statements are: Accounting standards are crucial because: Assignment Expectations Include part 1 and part 2 in your submission. Write an essay. Submit a completed table as shown above. Do not forget to add your own title for the table and add references. Do not copy definitions but explain your thoughts in your own words and with examples, if appropriate. Write 4–5 sentences in each cell. APA format is suggested for references.
C1 ACC201 Financial Accounting 201 Introduction to Financial Accounting Case Assignment Part 1 Review the three components in the background material to answer three questions about accounting and it
1 Assignment Title Student Name College/Department Name, Trident University International MGT 420 Power Influence and Persuasion Professor Name Date [Notes provided throughout for additional clarity. Ensure to remove notes before submission.] Assignment Title Here [Titles and 1st Level headings should use the Word Styles format of “Heading 1,” centered, title case heading, bold. Do not begin with an Introduction heading. The introduction paragraph(s) should orient the reader to all of the concepts presented in the sections that follow. Begin the first line indented, one line below the assignment title. Ensure to provide appropriate in-text citations in the following manner: Students may synthesize information from a resource and cite the resource at the end (Author & Second, YYYY). Students may also provide the authors in the sentence by stating that Author and Second (YYYY) explain certain information in this manner. For more than two authors, use Author et al. (YYYY) format or end statement (Author et al., YYYY). See APA Manual for additional formats of in-text citations. Each citation should have a corresponding reference in the reference list. Each reference in the reference list must also have at least one corresponding in-text citation.] Theme/Topic Heading [All 1st level headings should use the Word Styles format of “Heading 1,” centered, title case heading, bold. Replace “Theme/Topic” with an appropriate heading that describes the discussion to follow.] [Present an overview of why this topic is important to the assignment. Describe the facts and relevant context as a background. Include appropriate, recent, scholarly sources to support statements of fact.] Theme/Topic Heading [repeat as needed] [All 1st level headings should use the Word Styles format of “Heading 1,” centered, title case heading, bold. Replace “Theme/Topic” with an appropriate heading that describes the discussion to follow.] [Present an overview of why this topic is important to the assignment. Describe the facts and relevant context as a background. Include appropriate, recent, scholarly sources to support statements of fact.] Subtheme or Subtopic Heading [repeat as needed] [Themes/Topics may have one or more subthemes/subtopics. These second level headings should be in Word Styles format of “Heading 2,” aligned left, title case heading, bold. This information should be relevant to the prior Heading 1 topic. Repeat for multiple subthemes or subtopics.] Subtheme or Subtopic Heading [repeat as needed] [Themes/Topics may have one or more subthemes/subtopics. These second level headings should be in Word Styles format of “Heading 2,” aligned left, title case heading, bold. This information should be relevant to the prior Heading 1 topic. Repeat for multiple subthemes or subtopics.] Subtheme or Subtopic Heading [For major topics that may need a breakdown of subtopics into additional sections, provide third level headings in the Word Styles format of “Heading 3,” aligned left, title case heading, bold italic.] Subtheme or Subtopic Heading [repeat as needed] [For major topics that may need a breakdown of subtopics into additional sections, provide third level headings in the Word Styles format of “Heading 3,” aligned left, title case heading, bold italic.] Theme/Topic Heading [repeat as needed] [All 1st level headings should use the Word Styles format of “Heading 1,” centered, title case heading, bold. Replace “Theme/Topic” with an appropriate heading that describes the discussion to follow.] [Present an overview of why this topic is important to the assignment. Describe the facts and relevant context as a background. Include appropriate, recent, scholarly sources to support statements of fact.] [Each new topic should begin with a first level heading. Provide second level and third level headings, as necessary.] Summary or Conclusion [Summary or Conclusion heading should be a first level heading using the Word Styles format of “Heading 1,” centered, title case heading, bold. Summarize key points presented in throughout the assignment.] Example of tables provided: Table 1Caption for Table 1 Header Header Text Text text text text text text text text text text text text text text text text text text text text text text text text text text text text text text text text text text text text. Text Text text text text text text text text text text text text text text text text text text text text text text text text text texttext text text text text text text text text text text. Text Text text text text text text text text text text text text text text text text text text text text text text text text text text text text. Note. Briefly describe what the Table represents so that it is understood outside of the chapter. There is a line space between the note and the next heading/paragraph to separate the text. Example of figures provided: (note that if it would not fit in the space provided, the entire Table or Figure is moved the next page; if Table or Figure if longer than one page, ensure title appears with the beginning of the Table or Figure): Figure 1Case Study Research Note. This figure defines the case study design by Yin (2018). Briefly describe what the Figure represents so that it is understood outside of the chapter. There is a line space between the note and the next heading/paragraph to separate the text. References [References heading should be a first level heading using the Word Styles format of “Heading 1,” centered, title case heading, bold.] Ahn, J. (2004). Electronic portfolios: Blending technology, accountability and assessment. T.H.E. Journal, 31(9), 12-18. https://thejournal.com/Articles/2004/04/01/Electronic-Portfolios-Blending-Technology-Accountability–Assessment.aspx Braun, V., & Clarke, V. (2006). Using thematic analysis in psychology. Qualitative Research in Psychology, 3(2), 77-101. doi:10.1191/1478088706qp063oa U.S. Government Printing Office. (2006). Catalog of U.S. Government publications: New electronic titles. Winslade, J., & Monk, G. (2001). Narrative mediation: A new approach to conflict resolution. Jossey-Bass. Yin, R. K. (2018). Case study research and applications: Design and methods (6th ed.). SAGE Publications. Note: All resources cited in the assignment must be included in the list of references. For each reference listed, there must be at least one corresponding citation within the body of the text, and vice-versa. Double space references in the reference list. Resources longer than one line of text should provide a hanging indent of 1/2 inch of subsequent lines. Sort in alpha surname/title order. Only capitalize the first word of the title and of the subtitle, if any. Do not bold the title. Know when to italicize and when not to (i.e., periodical/non-periodical/publication versus book/report/paper). Italicize volume numbers. Please refer to the APA Publication Manual for guidance.APA requires a Digital Object Identifier (DOI) be provided, if one has been assigned. See below for the updated APA headings guideline: Level 1 Centered, Bold, Title Case Heading Level 2 Left-Aligned, Bold, Title Case Heading Level 3 Left-Aligned, Bold Italic, Title Case Heading Level 4 Indented, Bold, Title Case Heading with a Period. Begin body text after the period. Level 5 Indented, Bold Italic, Title Case Heading with a Period. Begin body text after the period.

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