STATEMENT ON THE INTEGRATION OF FAITH AND WORKA s a u.docx

STATEMENT ON THE INTEGRATION
OF FAITH AND WORK

A
s a university, we believe that the message of Jesus Christ
bears profound implications, not only for individuals, but
also for society and the ways that we as individuals live
within it. The Lord Jesus instructed His followers to live

as salt and light within society, which implies a call to live out our lives
in ways that contribute to the common good. We are convinced that
this call extends to the workplace and that our respective vocations
represent vital opportunities to glorify God by serving others in ways
that promote human flourishing. Therefore, by God’s grace, we seek to
distinguish ourselves as a university by instilling a sense of vocational
calling and purpose in our students, faculty and staff in accord with
the following principles:

WE BELIEVE that God’s Word speaks authoritatively about creation,
fall and redemption as well as the restoration of all things through
Christ Jesus. Therefore, we are convinced that the Christian
worldview offers hope of restoration, not only for individuals, but
also for families, communities and societies in which individuals live,
work and serve one another.

WE BELIEVE that God the Almighty created the world, placed
human beings within it and blessed them by making them responsible
for cultivating and caring for creation. Therefore, we are assured that
our work within the world matters to God and our neighbors, and
that we honor God by serving others in ways that promote human
flourishing.

WE BELIEVE that Jesus Christ is both Savior and Lord and that all
who follow Jesus should seek His Kingdom and His righteousness
in relation to all aspects of human experience, including culture
and society. Therefore, we have resolved to carry out our work
within the public arena with compassion, justice and concern for
the common good.

WE BELIEVE that Jesus’ death, burial and resurrection secured
abundant and eternal life for all who believe and that Christ
transforms all that we say and do. Therefore, we are convinced that
Grand Canyon University should positively impact those who study

at, work for and live near the university in ways that accord with the
teachings of Jesus Christ.

WE BELIEVE that mankind was originally created in the image of
God and given responsibility over creation, but that all have failed to
fulfill their God-given purpose and responsibility. We believe that God
redeems and restores men and women in Christ, creating them anew
for the good works He has prepared them to do. Therefore, we are
confident that the work we do is a part of God’s calling on our lives
and a means by which we can glorify God as we meet others’ needs.

WE BELIEVE that regeneration by the Holy Spirit is essential for
salvation and that the work of God’s Spirit in the human heart
invariably results in renewed purpose and the growth of Christ-like
love for neighbors and neighborhoods. Therefore, we are certain that
.

1. STATEMENT ON THE INTEGRATION
OF FAITH AND WORK

A
s a university, we believe that the message of Jesus Christ
bears profound implications, not only for individuals, but
also for society and the ways that we as individuals live
within it. The Lord Jesus instructed His followers to live

as salt and light within society, which implies a call to live out
our lives
in ways that contribute to the common good. We are convinced
that
this call extends to the workplace and that our respective
vocations
represent vital opportunities to glorify God by serving others in
ways
that promote human flourishing. Therefore, by God’s grace, we
seek to
distinguish ourselves as a university by instilling a sense of
vocational
calling and purpose in our students, faculty and staff in accord
with
the following principles:

WE BELIEVE that God’s Word speaks authoritatively about
creation,
fall and redemption as well as the restoration of all things
through
Christ Jesus. Therefore, we are convinced that the Christian
worldview offers hope of restoration, not only for individuals,
but

2. also for families, communities and societies in which
individuals live,
work and serve one another.

WE BELIEVE that God the Almighty created the world, placed
human beings within it and blessed them by making them
responsible
for cultivating and caring for creation. Therefore, we are
assured that
our work within the world matters to God and our neighbors,
and
that we honor God by serving others in ways that promote
human
flourishing.

WE BELIEVE that Jesus Christ is both Savior and Lord and that
all
who follow Jesus should seek His Kingdom and His
righteousness
in relation to all aspects of human experience, including culture
and society. Therefore, we have resolved to carry out our work
within the public arena with compassion, justice and concern
for
the common good.

WE BELIEVE that Jesus’ death, burial and resurrection secured
abundant and eternal life for all who believe and that Christ
transforms all that we say and do. Therefore, we are convinced
that
Grand Canyon University should positively impact those who
study

at, work for and live near the university in ways that accord
with the
teachings of Jesus Christ.

3. WE BELIEVE that mankind was originally created in the image
of
God and given responsibility over creation, but that all have
failed to
fulfill their God-given purpose and responsibility. We believe
that God
redeems and restores men and women in Christ, creating them
anew
for the good works He has prepared them to do. Therefore, we
are
confident that the work we do is a part of God’s calling on our
lives
and a means by which we can glorify God as we meet others’
needs.

WE BELIEVE that regeneration by the Holy Spirit is essential
for
salvation and that the work of God’s Spirit in the human heart
invariably results in renewed purpose and the growth of Christ-
like
love for neighbors and neighborhoods. Therefore, we are certain
that
God is working to restore the broken lives and communities of
this
fallen world through the collective gifts, talents, skills and
resources of
those who have been transformed by the power of the gospel.

WE BELIEVE that salvation comes through Jesus Christ alone
and
involves redemption of the whole person. Therefore, we are
convinced
that the Christian life must involve compassion and care, not
only for
the spiritual needs of mankind, but also for basic physical needs
that

4. stem from poverty, oppression and injustice.

WE BELIEVE in the spiritual unity of all believers in Christ
and that
evangelism and societal engagement are duties of the Christian
life.
Therefore, we are devoted to demonstrating the love of Jesus
together
as we share the gospel message and shape society according to
the
principles of His Kingdom.

WE BELIEVE that the gospel message denounces evil and
injustice
while offering hope for reconciliation to Christ and the
restoration
of human culture and society through Him. Therefore, we
recognize
and embrace the potential of human work for furthering the
greater
good and strive to further the good of the culture and the
society
through education and the embodiment of biblical principles
related
to goodness and justice.

“Let the favor of the Lord our God be upon us, and establish the
work of our
hands upon us; yes, establish the work of our hands!” (Psalm
90:17).

15COT0123



Financial Accounting Principles

5. Assessment 3: Internal Control and Accounting for Assets
Worksheet

Use this worksheet to complete the following three exercises for
Assessment 3. Refer to the instructions in the course for
submitting your assessment.Exercise 3-1
The Scheiffer Company’s most recent bank statement and book
balances of cash reconciliations were completed on September
30, 2012. Two checks were reported outstanding: check #6798
for $1135.50 and check #6794 for $524.00. The following
information is available for the October 31, 2012 reconciliation.
Section of the October 31 Bank Statement
Previous Balance
Total Checks & Deposits
Total Deposits & Credits
Current Balance
16,345.50
9,695.55
11,146.85
17,796.80

Checks and Debits
Deposits and Credits
Daily Balance
Date
No.
Amount

Date
Amount

Date
Amount
10/02
6798
1,135.50

6. 10/04
1,214.50

09/30
16,345.50
10/05
7002
815.00

10/11
2,054.55

10/02
15,210.00
10/09
7001
1,788.50

10/20
3,990.25

10/04
16,424.50
10/15

605.75
NSF
10/23
2,436.80

10/05
15,609.50
10/19
7004
954.00

7. 10/29
20.75
IN
10/09
13,821.00
10/22
7003
405.35

10/29
1,430.00
CM
10/11
15,875.55
10/25
7005
1,985.95




10/15
15,269.80
10/26
7007
310.35




10/19
14,315.80
10/30
7009
1,695.15

8. 10/20
18,306.05







10/22
17,900.70







10/23
20,337.50







10/25
18,351.55

9. 10/26
18,041.20







10/29
19,491.95







10/30
17,796.80
From Scheiffer’s Accounting Records
Cash Receipts Deposited
Date


Cash Debit
Oct
4

1,214.50

11

10. 2,054.55

20

3,990.25

23

2,436.80







9,696.10

Cash Disbursements
Check No.

Cash Credit
7001

1,788.50
7002

815.00
7003

405.35
7004

954.00
7005

11. 1,955.95
7006

880.50
7007

310.35
7008

325.10
7009

1,695.15


9,129.90

Cash
Account #101
Date
Explanation
PR
Debit
Credit
Balance
Sep
30
Balance



14,686.00
Oct
31
Total receipts

12. R12
9,696.10

24,382.10

31
Total disbursements
D23

9,129.90
15,252.20
Check #7005 was drawn correctly for $1985.95 to pay for office
equipment. The recordkeeper recorded it as a debit for Office
Equipment and a credit to Cash for $1955.95, but misread the
amount of the check, which was $1985.95. The non-sufficient
funds check for a $605.75 account payment was received from a
customer, A. B. Fransen. The company has not yet recorded the
returned check. The credit memo is the bank’s collection on a
$1450.00 note and shows the deduction of a $20.00 collection
fee. The company has not recorded the collection or the fee.
Based on the information provided, complete the following
tasks:
Prepare an October 31, 2012, bank reconciliation for the
Scheiffer Company.
SCHEIFFER COMPANY
Bank Reconciliation
October 31, 2012
[Create the bank reconciliation here.]
Make the necessary journal entries to adjust the book balance of
cash to the reconciled balance.
[Create the journal entries here.]
For distinguished performance, provide three possible reasons
why some of the numbered checks in the sequence are missing
from the bank statement.Exercise 3-2
Prepare journal entries for the Russell Company’s 2011 and
2012 transactions summarized below and the company’s year-

13. end adjustments to Bad Debts Expense. Round off all amounts
to the nearest dollar.
Note: The company uses a perpetual inventory system.
Summarized Transactions
The Russell Company began operations on January 1, 2011, and
completed several transactions that involved credit sales,
accounts receivable collections, and bad debts.2011
Sold merchandize that cost $1,350,000, on credit, for
$1,575,000. Terms n/30.
Wrote off $18,100 of accounts receivable that were
uncollectible.
Received cash in the amount of $822,500 as accounts
receivables payments.
In performing year-end account adjustments, the company
estimated that 2 percent of accounts receivables will not be
collectible.
[Create the 2011 journal entries here.]2012
Sold merchandize that cost $1,325,000, on credit, for
$1,592,000. Terms n/30.
Wrote off $24,500 of accounts receivable that were
uncollectible.
Received cash in the amount of $1,428,300 as accounts
receivables payments.
In performing year-end account adjustments, the company
estimated that 2 percent of accounts receivables will not be
collectible.
[Create the 2012 journal entries here.]Exercise 3-3
On January 1, the Hanover Beverage Company replaced the
palletizing machine on one of its juice lines. The cost of the
machine was $195,000. The machine’s expected life is five
years or 480,000 units, and its estimated salvage value is
$19,500.
The following numbers of units were produced over the next
four years:
Year
Units

14. 1
121,000
2
119,500
3
122,600
4
123,000
At the end of the 4th year, the total number of units produced
exceeded expectations.
Note: Depreciation cannot drop below its estimated salvage
value.

Determine the depreciation on the palletizer for each of the four
years, as well as the combined total for all four years. Use two
of the following three methods of depreciation. For
distinguished performance, use all three methods. Round your
answers to the nearest dollar.
Straight-line.
Units-of-production.
Double-declining-balance.
[Provide the depreciation calculations here.]
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Diversity and Learning Environments Reflective Essay


Assessment Description
As classroom leaders, teachers have many opportunities to
encourage everyone to respect people of all backgrounds and
abilities, and promote a positive classroom environment that
supports learning and decreases disruptive behavior. Teachers
should reflect on their own values and beliefs in order to
understand any underlying effects these beliefs may have on
their instruction and interaction styles with students. Such
awareness can help teachers be more objective, have more

15. empathy and understanding of others, and set the tone for a
respectful and cooperative learning environment.
Prepare a 750-1,000 word reflective essay on the topic of
diversity and learning environments. Within your essay, address
the following:
· Describe personal frames of reference regarding cultural,
linguistic, and gender differences.
· Reflect upon how your personal background and frames of
reference can, however unintentionally, create bias in your
relationships with students and families, how you design
instruction, and the classroom environment you promote.
· Describe specific ways to decrease potential bias in your
classroom, including ways to incorporate your students’
abilities, interests, and cultural and linguistic backgrounds into
the learning environment.
· Review the “Statement on the Integration of Faith and Work”
in the topic Resources. Using this as a guide, discuss how
Christian values align with establishing a multicultural
classroom that demonstrates and teaches how to respect people
of all backgrounds and abilities.