ACC 6040 Fundamentals of Accounting I sample papers, module by module

Reviewed by Edgar Pennington, MBA · Fundamentals of Accounting I · Thomas Edison State University · Free custom samples in 24–48h

ACC-6040 gives Master of Science in Accounting students the full financial accounting foundation in eight modules. The samples here answer its written assignments and course project for one composite ice rink operator, from its first-year statements to a year-end analysis.

Send the exact assignment or rubric from your classroom and a custom sample written to it lands in 24 to 48 hours, the first one free. ACC-6040 is TESU’s Fundamentals of Accounting I course. It covers the FASB and the financial statements, transaction analysis and the accounting system, adjusting and closing, revenue, receivables and cash, inventory and long-lived assets, liabilities and bonds, stockholders’ equity and the statement of cash flows with financial statement analysis. Searches like "acc 6040 module 3 assignment example", "ACC6040 sample paper", and "ACC-6040 module samples" land on this page.

What ACC-6040 is really about

Libby, Libby and Hodge’s Financial Accounting is the text, and the modules follow the order of the statements. Modules 1 to 3 build the accounting cycle: what the statements are and who sets the rules, how transactions are analyzed and recorded, and how adjusting and closing entries complete the period and how results are communicated. Modules 4 and 5 cover operating assets, from revenue, receivables and cash to inventory, property, intangibles and natural resources.

Modules 6 and 7 turn to the right side of the balance sheet, liabilities and bonds and then stockholders’ equity, and Module 8 covers the statement of cash flows and the analysis of financial statements. The course project in Week 8 asks students to prepare statements from account balances and then analyze a public company’s published information, so the earlier modules feed directly into it.

What ACC-6040’s assessments ask for

Seven written assignments count 40 percent of the grade, with Assignments 1 and 3 together 15 percent and the other five 25 percent, alongside four discussions worth 20 percent, eight open-book quizzes worth 15 percent and the course project worth 25 percent. Expect transaction analysis, adjusting entries, allowance and inventory computations, depreciation schedules, bond pricing, equity entries, EPS and ratio analysis.

Where students lose points in ACC-6040

Points are lost on fundamentals: recording deposits as revenue, adjusting cash, setting bad debt expense equal to the required allowance, subtracting residual value before applying the double-declining rate, discounting semiannual bonds at the annual rate and recording treasury stock as an asset. Mentors also mark down ratio work that lists numbers without saying what they mean.

The ACC-6040 drawers

Module 1

ACC-6040 Module 1 assignment example

Written assignment: why the FASB writes U.S. GAAP and who relies on it, then a composite Morris County ice rink's first year turned into an income statement, retained earnings statement, balance sheet and cash flow statement, with the links between them traced. Full sample paper, read it free.

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Module 2

ACC-6040 Module 2 assignment example

Written assignment: the composite ice rink's January 2027 transactions, from a hockey league's season deposit and birthday party bookings to payroll and a Zamboni repair, analyzed for their effect on the equation, journalized, posted and summarized in a trial balance and a January income statement. Full sample paper, read it free.

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Module 3

ACC-6040 Module 3 assignment example

Written assignment: the composite ice rink's January adjustments for earned league ice time, used rent, depreciation, supplies, accrued interest and unbilled parties widen a $1,300 loss to $27,133, the month is closed, and the notes, press releases and filings that report results to users are explained. Full sample paper, read it free.

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Module 4

ACC-6040 Module 4 assignment example

Written assignment: the composite ice rink's 2027 revenue net of card fees and early-payment discounts to leagues, an aged estimate of doubtful league and school accounts, a write-off and recovery, receivables turnover set against a peer, and a December bank reconciliation. Full sample paper, read it free.

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Module 5

ACC-6040 Module 5 assignment example

Written assignment: the composite rink's pro shop skates costed by FIFO and average with a write-down, the Parsippany rink's chillers depreciated three ways, a youth league naming-rights agreement amortized, a contrast with depletion of a gravel pit, and inventory and fixed asset turnover interpreted. Full sample paper, read it free.

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Module 6

ACC-6040 Module 6 assignment example

Written assignment: the composite rink operator's year-end current liabilities sorted, $2 million of 5% bonds sold to yield 6% for a third rink and the first interest period amortized, a skater's injury claim judged for disclosure, and the current ratio, debt to equity and times interest earned interpreted. Full sample paper, read it free.

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Module 7

ACC-6040 Module 7 assignment example

Written assignment: the composite rink operator sells 50,000 shares to an outside investor, buys out part of a departing founder's stake and reissues some of it, pays its first dividend, computes weighted shares, earnings per share and return on equity, and weighs a stock split against a buyback. Full sample paper, read it free.

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Module 8

ACC-6040 Module 8 assignment example

Course project: Part 1 assembles the composite rink operator's 2027 income statement and classified balance sheet from its year-end balances, including a third rink under construction; Part 2 analyzes a composite listed leisure company's statements through profitability, turnover, liquidity, solvency and cash flow measures. Full sample paper, read it free.

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Thomas Edison State University revises courses; module counts and deliverables shift between terms. Send what your classroom shows and the desk matches it exactly.

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Using a ACC-6040 sample the right way

Send your assigned exercises or the course project materials, and a first custom sample comes back free inside 24-48h. Compare its entries and schedules with yours, then finish your own work in your own words.

How these samples are written

ACC-6040 samples carry one composite rink operator from its first year through expansion, so balances computed in one assignment reappear correctly in the next and in the course project’s statements.

ACC-6040 questions, answered

What textbook does ACC-6040 use?

Libby, Libby and Hodge’s Financial Accounting, ninth edition, from McGraw-Hill.

What is the ACC-6040 course project?

A Week 8 comprehensive problem in two parts: preparing statements from account balances and analyzing a public company’s financial information, worth 25 percent.

How are the ACC-6040 written assignments weighted?

Seven written assignments count 40 percent: Assignments 1 and 3 together 15 percent and the other five 25 percent.