Assignment Type: Discussion Board Deliverable Length: One Flow Chart Points Possible: 75 Due Date:...

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Assignment Type: Discussion Board Deliverable Length: One Flow Chart   Points Possible: 75 Due Date: 2/20/2013 11:59:59 PM CT XXXXXXXXXXThe Discussion Board (DB) is part of the core of online learning. Classroom discussion in an online environment requires the active participation of students and the instructor to create robust interaction and dialogue. Every student is expected to create an original response to the open-ended DB question as well as engage in dialogue by responding to posts created by others throughout the week. At the end of each unit, DB participation will be assessed based on both level of engagement and the quality of the contribution to the discussion.  At a minimum, each student will be expected to post an original and thoughtful response to the DB question and contribute to the weekly dialogue by responding to at least two other posts from students. The first contribution must be posted before midnight (Central Time) on Wednesday of each week. Two additional responses are required after Wednesday of each week. Students are highly encouraged to engage on the Discussion Board early and often, as that is the primary way the university tracks class attendance and participation.  The purpose of the Discussion Board is to allow students to learn through sharing ideas and experiences as they relate to course content and the DB question. Because it is not possible to engage in two-way dialogue after a conversation has ended, no posts to the DB will be accepted after the end of each unit.  Select a company that you are familiar with from the transportation industry.    • Collect the 4 main financial statements from credible sources (e.g., nationally syndicated newspapers, peer-reviewed journals, investor relations, Web sites or annual reports.  • Create a flow chart that illustrates the steps in the accounting cycle.  • Include any other relevant information in the chart that would apply within the steps.  When reviewing the financial statements, focus your attention on the expenses and revenues incurred by the company.  Adhere to APA formatting guidelines when writing your response. Additionally, your response should be free of grammatical errors, use complete sentences, and give specific details to support statements made.

David · Accepted Answer

Accounting cycle flow chart for South west Airlines 
Step 1: Analyzing the business transactions:
Southwest airlines recognizes all the business transaction 
in respect to passenger revenues, freight revenue and 
other revenues for different flights. Other business 
transactions includes expenses related to salaries, wages 
and benefits, fuel and oil, maintenance mateials and 
repairs, rentals on the aircrafts and other operating 
expenses. The business transactions also includes 
purchase of aircraft or issue of common stock and debt
Step 2: Journalizing the 
transactions
Step 3: Post to the ledger accounts
Step 4: Prepare the trial balance
Step 5: Journalize and Post 
adjusting entries
Southwest Airlines makes adjusting 
transactions of Depreciation and other 
entries
Step 6:

Assignment Type: Discussion Board Deliverable Length: One Flow Chart Points Possible: 75 Due Date: 2/20/2013 11:59:59 PM CT XXXXXXXXXXThe Discussion Board (DB) is part of the core of online learning....

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