AC116 · Accounting

AC116 Accounting II sample papers, unit by unit

Reviewed by Chester Goodwin, MBA Accounting II Purdue University Global Free custom samples in 24–48h

Accounting I had one right answer per problem. AC116 introduces the ones where the method is chosen, the arithmetic is still marked wrong or right, and the grade turns on saying what your choice did to reported income.

How this shelf works

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. AC116 is Purdue Global’s Accounting II course. It centers on the accounting choices that produce different reported income from identical facts, and the disclosure that has to accompany them. Searches like "ac 116 unit 4 assignment example", "AC116 sample paper", and "AC116 unit samples" land on this page.

What AC116 is really about

The second course changes the question. In the first one a transaction had a correct entry and you found it; here several treatments are permitted and the assignment wants the consequence of the one you picked. First in, first out and weighted average applied to the same purchases produce different cost of goods sold, and therefore different income, from facts nobody disputes. Straight line and declining balance depreciation spread the same cost across the same years in different shapes. The computation is still marked wrong or right, so a schedule that does not foot fails at once, but a schedule that foots and says nothing about the effect only earns half of what was available.

Estimates arrive at the same time and behave differently from anything in the first course. Uncollectible accounts, useful lives, salvage values and warranty obligations are numbers you reason toward rather than read off a document, and the rubric usually wants the reasoning as well as the figure. Consistency becomes gradeable too: pick a method, apply it across every period the problem covers, and do not switch when the second year would be easier the other way. Later units add liabilities that unwind on a schedule, such as notes and bonds, where an interest figure computed on the wrong carrying amount corrupts every row underneath it.

What AC116’s assessments ask for

Receivables work usually opens the term, with entries for credit sales, write offs and recoveries, plus an allowance estimated by percentage of sales or by aging a schedule you are given. Inventory follows in most sections: cost flow assumptions applied to the same purchase and sale data, then a comparison of the results, and often a lower of cost or market adjustment. Plant assets bring depreciation schedules under more than one method, along with disposals, trade-ins and the gain or loss they create. Payroll, notes payable and bond amortization typically occupy the later units, and many sections close with equity transactions or a statement of cash flows. Discussion boards often ask which method a company would prefer and why.

Where students lose points in AC116

The costliest error is a schedule whose rows do not carry forward, since an opening balance that does not equal the prior closing balance is a defect anyone can see without checking your logic. Mixing methods inside one problem costs almost as much, because the comparison the assignment wanted becomes impossible. Depreciation taken on the full cost when salvage should have been removed, or taken for twelve months on an asset bought in October, are the two partial-year traps that reappear every term. Allowance entries applied directly against the receivable rather than through the allowance account undo the estimate the unit just built. Comparisons that end in a table with no sentence naming which method reported higher income leave the interpretive marks unclaimed.

AC116 grading scale at Purdue Global: how the work is graded, from Purdue Assignments
How Purdue Global grades AC116, visualized by Purdue Assignments.

The AC116 drawers

Unit 1

AC116 Unit 1 discussion board post example

Unit 1 typically asks why two honest companies report different income from identical facts. On request, free, 24-48h.

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Unit 2

AC116 Unit 2 receivables entries problem example

Unit 2 often records credit sales, write offs and a recovery in sequence. On request, free, 24-48h.

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Unit 3

AC116 Unit 3 allowance estimation exercise example

Unit 3 commonly ages a receivable schedule and defends the percentage applied to each band. On request, free, 24-48h.

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Unit 4

AC116 Unit 4 inventory costing comparison example

Unit 4 in many sections costs the same purchases three ways and compares the results. On request, free, 24-48h.

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Unit 5

AC116 Unit 5 depreciation schedule example

Unit 5 usually builds depreciation under more than one method across an asset's life. On request, free, 24-48h.

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Unit 6

AC116 Unit 6 asset disposal problem example

Unit 6 often sells or trades an asset and computes the gain or loss. On request, free, 24-48h.

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Unit 7

AC116 Unit 7 payroll register exercise example

Unit 7 typically calculates gross pay, withholdings and the employer's own payroll cost. On request, free, 24-48h.

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Unit 8

AC116 Unit 8 bond amortization schedule example

Unit 8 in many sections amortizes a discount or premium row by row. On request, free, 24-48h.

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Unit 9

AC116 Unit 9 seminar reflection example

Unit 9 seminar sessions typically revisit an estimate that proved optimistic in hindsight. On request, free, 24-48h.

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Unit 10

AC116 Unit 10 cash flow statement example

Unit 10 usually converts a year of activity into operating, investing and financing sections. On request, free, 24-48h.

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Different?

Your classroom shows something else?

Purdue University Global revises courses; unit counts and deliverables shift between terms. Send what your classroom shows and the desk matches it exactly.

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Using a AC116 sample the right way

Look at how a sample sets up a comparison before it computes anything. The columns are chosen so two methods can be read against each other line by line, and that layout is most of the grade in these units. Read the sentence underneath the table, which is usually short and states the effect on income and on the balance sheet in the same breath. Check the partial-year handling, because that is where samples help most and student work is most fragile. Then rerun everything on your own purchase and sales data, since the quantities decide the answer. The first example is free and worked on the problem your section issued.

How these samples are written

Every sample in this binder is written the way the custom ones are: the rubric decoded row by row, a subject-matched writer drafting to the top band, formatting checked line by line. Purdue Global revises courses; a custom request is always written to the rubric in YOUR classroom, never from a stale template.

AC116 questions, answered

Which inventory method should I choose when the assignment leaves it open?

Choose one, say why, and stay with it. Assignments that leave the method open are testing whether you can defend a choice, not whether you guessed the intended answer. State what the method does to reported income under rising costs and what it does to the inventory figure left on the balance sheet, and the choice becomes defensible either way.

Do I redo the whole schedule if the useful life estimate changes?

Not retroactively. A change in an estimate is applied going forward, using the remaining carrying amount spread over the remaining life, and the earlier years stay as they were reported. Assignments often introduce the change midway specifically to see whether you restate the past, which is the wrong move here, or adjust the future, which is the right one.

Can an AC116 sample be prepared on my own unit data?

Yes. Send the figures your problem gave you together with the brief and rubric your section issued, and the schedules are built from those numbers, so the comparisons and totals belong to your assignment rather than to a textbook. A first sample is sent back inside 24-48h at no cost, every column labeled and footed.