| Course | AC298 Associate's Capstone in Accounting |
|---|---|
| Unit | Unit 7 |
| Paper type | Seminar progress check |
| Length | About 440 words, 4 pages double-spaced |
| Format | APA 7 student paper |
| School | Purdue University Global |
| Program | Associate of Applied Science in Accounting |
| Updated | October 2026 |
Free sample paper for AC298 Unit 7
Two Minutes on Where the Capstone Stands: A Unit 7 Seminar Progress Check for a Tile and Flooring Store Project
[Student Name]
Purdue University Global
AC298: Associate's Capstone in Accounting
Unit 7 Seminar Progress Check
[Instructor Name]
[Date]
The capstone business and its figures are composite; the textbook and the control framework cited are real.
Script
Good evening. My capstone is the December year-end for Kiln Road Tile & Flooring, a composite tile and flooring store owned by one person.
What is done. Units 3, 4 and 5 are complete and tied out. December's fifteen transactions are recorded, and the unadjusted trial balance agreed at $896,800 on the first try. I made seven adjustments, including $1,620 of inventory shrinkage from the physical count and a $2,300 increase in the allowance from the aging. Net income for the year is $31,460, and the balance sheet balances at $175,260. The eight ratios are finished.
What the reference sheet caught. When I built the ratio analysis, my first quick ratio used gross receivables of $41,800. The reference sheet shows that the balance sheet reports net receivables of $39,200, after the allowance. I corrected the ratio from 2.09 to 1.98.
The reference sheet earned its place this week: without it, a ratio in Unit 5 would have used a figure that appears nowhere on the statements it claims to describe.
What is still open. My question for the instructor is about the note payable. I classified $10,000 of the $30,000 as current, because the loan requires a $10,000 payment next December. Should the current portion also include the accrued interest that will be paid with it, or is that already covered because the December interest was paid on December 31?
What comes next. Unit 6 is drafted. Unit 8 will answer a contractor's request for 60-day terms using the ratios. Unit 10 will present the year to the owner without accounting vocabulary.
That is where the project stands tonight. The biggest remaining risk is time, so Unit 8 is next on my list this week, followed by the presentation slides.
Notes Behind the Script
The ratio correction is worth mentioning aloud because it shows the review step working, which is the kind of control a small business relies on when one person keeps the books (Committee of Sponsoring Organizations of the Treadway Commission, 2013). The open question is narrow on purpose; a classification answer from the instructor can be applied in one line. Accrued interest at year end is zero because the quarterly payment fell on December 31 (Franklin et al., 2019), so I expect the answer to confirm the current classification.
References
Committee of Sponsoring Organizations of the Treadway Commission. (2013). Internal control: Integrated framework. https://www.coso.org
Franklin, M., Graybeal, P., & Cooper, D. (2019). Principles of accounting, volume 1: Financial accounting. OpenStax. https://openstax.org/details/books/principles-financial-accounting
The Purdue Global AC298 Unit 7 instructions
The seventh AC298 unit asks for a short progress report delivered in the seminar, or written for the alternative assignment. Plan it to be spoken in about two minutes, roughly 250 to 300 words. Report what is finished and how you know it is right, such as an agreeing trial balance or a balancing balance sheet. Name one inconsistency or error you found and fixed, with the figures. Ask one specific question you still need answered, narrow enough that the instructor can reply in a sentence. State what the remaining units will add and what comes next. Keep figures few and memorable. A short set of notes explaining why you chose what to say can accompany the script. Cite course sources where they support the notes, in APA 7.
How the AC 298 Unit 7 example is put together
The sample's script opens by naming the capstone business. A paragraph on what is done gives the trial balance total, the seven adjustments with the two largest named, net income and the balance sheet total. The next paragraph reports the quick ratio correction from 2.09 to 1.98, and the highlighted sentence credits the reference sheet with catching it. The open question asks whether the note's current portion should include accrued interest. A closing paragraph previews Units 6, 8 and 10 and names the next task. Notes behind the script explain the choice to mention the correction, cite a control framework, and anticipate the instructor's answer on the interest.
Where the points sit in the AC298 Unit 7 rubric
Progress checks are graded on clarity, honesty and specificity within the time limit. Reporting completed work with a check that proves it earns more than a list of tasks. Naming an error and its correction shows the review process working, which instructors value. The open question should be specific and relevant. A preview of remaining work shows planning. Staying within the time limit is often scored. For written alternatives, the same structure applies on the page. Clear, natural language suited to speaking, and any APA 7 citations in the notes, complete the assessment. A script that sounds read aloud from a page usually loses delivery points even when its content is complete.
Common AC298 Unit 7 mistakes, and how to avoid them
Many progress checks list everything done without proving any of it. Others hide errors, which wastes the chance to show good review habits. The open question is too broad, such as asking whether the project is on track. Scripts run long because they read figures the audience cannot follow aloud. Remaining work is described vaguely. Written alternatives drop the structure entirely and become a list of tasks, when the same four parts, done, caught, asked and next, work just as well on the page. If you need a script that fits the time and says the right things about your capstone, our writers can prepare it from your progress.
Get an AC298 Unit 7 example written to your instructions
Tell us where your capstone stands, component by component, and paste the Unit 7 seminar prompt or its written alternative with the rubric. A free first progress check, script and status table together, reaches you within 24-48h. Any open question you are unsure how to frame can go in too, and it will come back stated with both options. The paper above is an original model document written by our desk, not a submitted student paper and not an official Purdue University Global document.
More AC298 papers and Associate of Applied Science in Accounting samples
- AC298 Unit 1: Capstone Weak Spot Post
- AC298 Unit 2: Capstone Proposal and Scope
- AC298 Unit 3: December Transaction Recording Set
- AC298 Unit 4: Year-End Adjusted Statement Package
- AC298 Unit 5: Eight-Ratio Analysis
- AC298 Unit 6: Ethics Scenario Response
- AC298 Unit 8: Recommendation Memo
- AC298 Unit 9: Career Portfolio Piece
- AC298 Unit 10: Capstone Presentation
AC298 Unit 7 questions, answered
What if my capstone is behind schedule?
Say so, with specifics. A progress check that names the component still in draft, the reason and the plan to finish it reads as professional. One that hides the delay tends to surface later as a rushed final unit. Instructors can often help in seminar only when they know where the gap is. The sample shows one component in draft for exactly that reason.
How long should the spoken update be?
Most sections allow a few minutes per person, so two minutes of script is a safe target, roughly 250 to 300 words spoken at a normal pace. Practice it once aloud with a timer. Anything longer usually means the status table is being read row by row instead of summarized. The table can stay on screen while the script covers only what changed.
What if I cannot attend the live seminar?
Written alternatives exist in most sections for exactly this case, and the progress check converts easily. Submit the script as a short narrative with the status table attached, and add a question for classmates in place of live feedback. Check your section's instructions for the alternative's format and length, which differ from one course to another.
Where can I find a free AC298 Unit 7 sample paper?
This page offers a complete AC298 Unit 7 seminar progress check, a two-minute script on a tile and flooring store capstone with completed work, one correction, one question and next steps.
What error does the AC298 Unit 7 sample report?
The first quick ratio used gross receivables of $41,800. The balance sheet reports receivables net of the allowance at $39,200, so the ratio was corrected from 2.09 to 1.98.