Acc-101: principles of financial accounting final project

ACC-101: PRINCIPLES OF FINANCIAL ACCOUNTING Final Project

In lieu of a final examination, you are required to complete a Final Project (worth 20% of your course grade). The Final Project consists of two comprehensive problems assigned from the textbook.

Please use the Final Project link in the course Web site to upload and submit the solution sheets to the two problems. Make sure you have uploaded all your files before sending the assignment to your mentor for grading. Please consult the course Calendar for the project’s due date.

A. Comprehensive Problem 2 (50 points) Complete Comprehensive Problem 2 (parts a–i only) on pages 381–382 of the textbook. For the bank reconciliation and adjusting entries, download and use the Google solution spreadsheet provided below (please note that there are tabs at the bottom of the spreadsheet for each page). Show all computations for potential partial credit and to maximize your score.
● Solution Sheet for Comprehensive Problem 2

Note: If you wish to use Excel or OpenOffice to work on the spreadsheet, you can use the File menu for the Download as Microsoft Excel (.xlsx) or OpenDocument (.ods) option.

B. Comprehensive Problem 3 (50 points) Complete Comprehensive Problem 3 (parts a–c) on page 519 of the textbook. For the income statement/ retained earnings and the statement of financial position, download and use the Google solution spreadsheet provided below (please note that there are tabs at the bottom of the spreadsheet for each page). Show all computations for potential partial credit and to maximize your score.
● Solution Sheet for Comprehensive Problem 3

Evaluation Rubric for Final Project The following evaluation rubric is used to aid in the grading of the Final Project:
● Evaluation Rubric for Final Project