ACCT 301 all week discussion

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Week 2: Internal Controls – Discussion

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?

Q2

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?

Week 3: Financial Statement Analysis – Discussion

Horizontal and
Vertical Analysis (graded)

Go to Yahoo! Finance at the
following URL:.yahoo.com/”>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:.yahoo.com/”>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?

Week 4: Managerial Accounting – Discussion

Managerial
Accounting (graded)

This week, we are shifting our
focus from financial accounting to managerial accounting. How do the content
and verification of the reports differ between managerial and financial
accounting?

CVP Analysis
(graded)

What is CVP analysis? How is it
useful to managers?

Week 5: Budgets and Productivity – Discussion

Incremental
Analysis (graded)

What is incremental analysis? How
is it used by management?

Relevant Costs
(graded)

Our lecture states that relevant
costs can also be viewed as avoidable costs. What does this mean? This is a
very difficult concept, so help your classmates understand it!

Week 6: Pricing – Discussion

Budgeting
(graded)

Why is budgeting important for a
company? What are some reasons that a company would not prepare a budget?

Responsibility
Accounting (graded)

Describe responsibility
accounting and its purpose. What conditions are necessary for responsibility
accounting to be used effectively?

Week 7: Capital investment and Incremental –
Discussion

Capital
Budgeting (graded)

Discuss the capital budgeting
process and the inputs that are used in capital budgeting.

Transfer
Pricing (graded)

What is the transfer price? Why
is determining a fair transfer price important for division managers?

Week 8: Final Exam – Discussion

Looking Ahead
(not graded)

Class, looking back over the
Terminal Course Objectives for this course, what are you looking forward to
learning more about throughout your education and career?

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