devry acct 212 week 1 and 2 discussions

I suspect that most of us can view
and appreciate most sports such as baseball, football, and basketball. What if
you were to view a Cricket World Cup game? If you didn’t know the rules you
probably would not have much fun. The same happens in business if you don’t
understand its language – Accounting. What rules impact a business’ Accounting
Information System? What types of compliance is required?

In this graded discussion, we will
be examining the operation of the Accounting Information System (AIS) with the
use of problems and exercises from your textbook. The goal is to cover all of
the requirements to ensure an opportunity for your successful completion of
Course Project 1. Let’s start with Exercise 1-17A. Read about CoffeeShop
Doughnuts and select one of the four requirements to answer.

Week 2 discussions

Last week, we discussed “The
Language of Business” and why the accounting information system is
important in business. This week, we are going to look at the mechanics of how
it all works. It might be a bit easier if we started with an example which
would be the Genie Car Wash, Inc. in Chapter 2 of your textbook. Pick a
transaction from Genie and let us know how it impacts the accounting
equation. Make sure to identify the two accounts impacted. Why is it important
to record your selected transaction?

In this graded discussion, we will be examining the
operation of the Accounting Information System (AIS) with the use of problems
and exercises from your textbook. The goal is to cover all of the requirements
to ensure an opportunity for your successful completion of Course Project 1. As
you complete the requirements of Week 2, you should review the Course Project
tab in Course Home, as you could start work on Project 1. The template for
Course Project 1 Parts A & B is located in Doc Sharing.

Let’s start with Exercise 2-16A. Select one of the
nine financial transactions of the medical practice of Bob Morin, P.C. Develop
a journal entry with date and explanation. Post it in this discussion and then
conduct peer reviews of your classmates. The next requirement is to select one
of the five questions (a-e) and post an answer. Do show your computations.