STRAYER ACC100 ALL WEEK DISCUSSION LATEST 2016 JANUARY

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STRAYER ACC100 WEEK 1 DISCUSSION
LATEST 2016 JANUARY


Week 1 Discussion


  • Explain
    the major advantages of a business owner with minimal accounting
    experience maintaining the company’s book. Then explain the disadvantages.
  • Analyze
    the major impact to the users of accounting statements if the statements
    are prepared in error.
  • Provide
    support for your position.

If you need help with
completing discussions please click.strayer.edu/bbcswebdav/institution/Training%20Videos/Discussions/Discussions.html”>herefor more information.






STRAYER ACC100 WEEK 2 DISCUSSION
LATEST 2016 JANUARY


Week 2 Discussion


  • In
    your own words, explain the recording process and the accounting equation
    to someone who has no accounting experience.
  • Then,
    give your opinion on the elements or areas that might cause the most
    confusion or be the most difficult to grasp.
  • Provide
    support for your conclusion.







STRAYER ACC100 WEEK 3 DISCUSSION
LATEST 2016 JANUARY


Week 3 Discussion


  • Based
    on the video, explain two (2) advantages and two (2) disadvantages in
    using both the cash and the accrual basis of accounting.
  • Then,
    determine the one (1) that you believe provides the most useful financial
    information to users.
  • Identify
    at least two (2) types of businesses that would benefit by preparing
    financial statements using either the cash or accrual basis of accounting.








STRAYER ACC100 WEEK 4 DISCUSSION
LATEST 2016 JANUARY


Week 4 Discussion


  • Identify
    and discuss the key steps in the closing process that provide the most
    opportunity to make mistakes in processing account transactions. Why did
    you select these steps and what makes them confusing?
  • Make
    at least two (2) recommendations for improving the accuracy and
    reliability of the information in the gaps that you have identified.
  • Justify
    your response.







STRAYER ACC100 WEEK 5 DISCUSSION
LATEST 2016 JANUARY


Week 5 Discussion


  • Watch
    BNET Video’s video titled “Modernizing Inventory Management” on
    modernizing inventories as used by Cole Hardware:
  • Explain
    how Cole Hardware used technology to manage inventory and identify at
    least two (2) benefits of the use of this technology by the company.







STRAYER ACC100 WEEK 6 DISCUSSION
LATEST 2016 JANUARY


Week 6 Discussion


  • Use
    the Internet to research the annual report of at least one (1)
    merchandising company. Determine which costing method (Last In First Out
    [LIFO], First In First Out [FIFO], or weighted average cost) that is used
    to record inventory by your selected company.
  • Identify
    the three (3) primary advantages and three (3) primary disadvantages of
    using the costing method (LIFO, FIFO, and weighted average) that is used
    to record inventory.
  • Provide
    support for your response.







STRAYER ACC100 WEEK 7 DISCUSSION
LATEST 2016 JANUARY


Week 7 Discussion


  • Imagine
    you are a consultant hired to convert a manual accounting system to an
    automated system.
  • Suggest
    the key advantages and disadvantages of automating a manual accounting
    system.
  • Identify
    the most important step in the conversion process.
  • Provide
    a rationale for your response.







STRAYER ACC100 WEEK 8 DISCUSSION
LATEST 2016 JANUARY


Week 8 Discussion


  • Employee
    theft is a major problem in the U.S. retail industry. Information obtained
    from SecurityInfoWatch reported that twenty three (23) major retailers
    alone apprehended over 1.1 million shoplifters and dishonest employees,
    and recovered more than $189 million from these thieves in 2012.
  • Watch
    J. Farrell’s video titled “Prevent Employee Theft in Your
    Business”:
  • Analyzing
    the information contained in the video, identify at least four (4)
    internal controls effective in mitigating employee theft and / or fraud.
  • Provide
    at least two (2) examples of internal controls that could be implemented
    to reduce theft in the U.S. retail industry.
  • Provide
    support for your answer.








STRAYER ACC100 WEEK 9 DISCUSSION
LATEST 2016 JANUARY


Week 9 Discussion


  • Watch
    A. Mursau’s video titled “Accounts Receivable Bad Debt Expense
    (Direct Write Off Method Vs Allowance Method)”:
  • Based
    on the information in the video, discuss the primary advantages and
    disadvantages of applying the direct write-off over the allowance method
    of writing off accounts. Take a position on whether or not estimating the
    allowance for doubtful accounts provides the opportunity to distorts gross
    income.
  • Provide
    support for your rationale.






STRAYER ACC100 WEEK 10 DISCUSSION
LATEST 2016 JANUARY


Week 10 Discussion


  • Use
    the Internet to research an annual report of a retail company.
  • Then,
    imagine you are an investor or creditor; suggest the ratios that you
    believe would provide an investor or creditor with the most important
    information needed to make accurate predictions about the company’s
    financial condition. When analyzing a company, is it more important to
    compare the ratios to competitors or to the company’s previous history?
  • Provide
    a rationale for your response.
  • Note:Students
    using the online discussion thread must provide a link or instructions to
    the researched report






STRAYER ACC100 WEEK 11 DISCUSSION
LATEST 2016 JANUARY


Week 11 Discussion


  • Discuss
    the advantages of understanding accounting as it relates to your current
    or future position. (Consider careers in management, sales, business
    operations, finance, and business ownership.)

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