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ACC 201 Final Project II Guidelines and Ru
ic
Overview
One of the measures of success for any business is profitability. Managers and business owners must be able to assess the profitability of a company using
information about its financial transactions: This is done through accounting. By working through the accounting cycle, you will understand how to organize
transactions in a way that communicates the financial position of a company. This information is critical for external stakeholders who may be interested in
working for or investing in the business. This process also helps you understand the level of attention to detail that is required in a successful business venture.
The final project for this course consists of two major parts: an accounting workbook (Final Project I) and a professional relevance essay (Final Project II). In the
second part of the final project, you will create a well-crafted essay in which you draw connections between your accounting exercises and their practical
applications for furthering your own professional practice.
The final product will be submitted in Module Eight.
In this assignment, you will demonstrate your mastery of the following course outcomes:
Record financial data and adjusting entries in the preparation of a business’s financial statements
Prompt
In a professional relevance essay, draw connections between the accounting principles that you demonstrated in Final Project I and their specific, practical
applications within your own professional practice.
Specifically, you must address the critical elements listed below. Most of the critical elements align with a particular course outcome (shown in
ackets).
I. Introduction: Briefly describe your cu
ent or aspiring professional identity, including the field in which you work or hope to work. To what extent does
(or will) financial accounting play a role in your day-to-day professional life? [ACC-201-01]
II. Draw Connections
A. In the first part of your final project, you recorded various transactions in the life of a business. Now, consider your cu
ent or future professional
life: What sort of transactions would you encounter in your field? Describe at least three using specific details. [ACC-201-01]
B. Analyze the relationship between those transactions and the success of your cu
ent or future business. For example, how would each
transaction impact the income statement and balance sheet of your company? Illustrate your claims using specific examples. [ACC-201-01]
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III. Apply to a Scenario: Imagine that you are the new department manager of a corporation within your chosen field: You discover that your predecessor
had been using the cash basis of accounting, which has resulted in many e
ors and misinformation. What measures would you take to remediate the
issue? Propose a high-level plan to implement a proper accounting system for your department using specific principles discussed in the course. For
example, which financial statements would you investigate first? What sort of internal controls would you implement? [ACC-201-01]
Final Project II Ru
ic
Guidelines for Submission: Your professional relevance essay must be 2–4 pages in length (plus a cover page and references) and written in APA format: Use
double spacing, 12-point Times New Roman font, and one-inch margins. It is recommended that you use the provided template to ensure co
ect formatting.
Include at least two references cited in APA format.
Critical Elements Exemplary (100%) Proficient (85%) Needs Improvement (55%) Not Evident (0%) Value
Introduction
[ACC-201-01]
Meets “Proficient” criteria and
demonstrates nuanced
appreciation for the role of
financial accounting in business
Describes cu
ent or aspiring
professional identity, including
the role of financial accounting in
day-to-day life
Describes cu
ent or aspiring
professional identity, but fails to
include the role of financial
accounting in day-to-day life
Does not describe cu
ent or
aspiring professional identity
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Draw Connections:
Transactions
[ACC-201-01]
Meets “Proficient” criteria and
demonstrates nuanced
appreciation for the significance
of financial accounting in chosen
field
Identifies and describes at least
three transactions relevant to
profession using specific details
Identifies transactions relevant
to profession, but fails to fully
describe at least three using
specific details
Does not identify transactions
elevance to profession
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Draw Connections:
Success of Your
Business
[ACC-201-01]
Meets “Proficient” criteria and
demonstrates keen insight into
the relevance of financial
accounting for business success
Analyzes the relationship
etween accounting transactions
and the success of cu
ent or
future business using specific
illustrating examples of impacts
on financial statements
Discusses the relationship
etween accounting transactions
and the success of cu
ent or
future business, but fails to fully
or logically analyze using specific
illustrating examples
Does not discuss the relationship
etween accounting transactions
and the success of cu
ent or
future business
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https:
learn.snhu.edu/d2l/lo
viewe
view.d2l?ou=6606&loIdentId=15075
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Apply to a Scenario
[ACC-201-01]
Meets “Proficient” criteria and
demonstrates keen insight into
the relevance of financial
accounting for business success
Proposes a sound high-level plan
to implement a proper
accounting system by citing
specific course principles that
would appropriately address
issues in the scenario
Proposes a high-level plan to
implement a proper accounting
system, but not all proposals are
sound, or fails to cite specific
course principles that would
appropriately address issues in
the scenario
Does not propose a high-level
plan to implement a proper
accounting system
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Articulation of
Response
Submission is free of e
ors
elated to citations, grammar,
spelling, syntax, and organization
and is presented in a
professional and easy-to-read
format
Submission has no major e
ors
elated to citations, grammar,
spelling, syntax, or organization
Submission has major e
ors
elated to citations, grammar,
spelling, syntax, or organization
that negatively impact
eadability and articulation of
main ideas
Submission has critical e
ors
elated to citations, grammar,
spelling, syntax, or organization
that prevent understanding of
ideas
5
Total 100%