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ACCT 301 ALL WEEKS DISCUSSIONS

ACCT 301 ALL WEEKS DISCUSSIONS

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ACCT 301 All Weeks Discussions

ACCT 301 Week 1 Discussion

Accounting Information

How is accounting the language of business? Who are the users of accounting information, and how do they use it?

Financial Statement

What is the difference between cash and accrual accounting? When would a company prepare its financial statements on a cash basis? When would a company prepare its financial statements on an accrual basis? 

 

ACCT 301 Week 2 Discussion; Internal Controls

Internal Controls

Describe what you think is the most important control activity that a company can implement. Why do you think that the one you chose is the most important?

Ethics

Describe one of the three elements that are present when fraud occurs. Of the three elements, which do you think is present first in an ethical situation?

ACCT 301 Week 3 Discussion; Financial Statement Analysis

Horizontal and Vertical Analysis (graded)

Go to Yahoo! Finance at the following URL: http://finance.yahoo.com/. Enter the name of your favorite public company in the box in the upper left-hand corner, and click on Get Quotes. Click on the income statement or balance in the bottom left-hand corner of your favorite company. Perform a horizontal or vertical analysis of one of the line items on its income statement or balance sheet. What does this information tell you?

Ratio Analysis (graded)

Go to Yahoo! Finance at the following URL: http://finance.yahoo.com/. Enter the name of your favorite public company in the box in the upper left-hand corner, and click on Get Quotes. Explore the information given for your favorite company by clicking on the links on the left-hand side of the screen. What information do you find interesting?

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