- Description
ACC 561 All Discussions
The Latest Version A+ Study Guide
**********************************************
ACC 561 All Discussions Link
https://hwsell.com/category/acc-561/
**********************************************
ACC 561 Wk 1 Discussion – Users of Accounting Information
Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to other students.
Due Thursday
A major aim of financial information is to provide inputs for decision‐making. Accounting can be described as the information system which identifies, records, and communicates the financial activity of an entity to others. The users of accounting information are easily separated into two groups: internal users and external users.
Respond to the following in a minimum of 175 words:
- Discuss who are the internal users and external users of accounting information.
- Discuss what the primary concerns are to both groups.
Due Monday
Reply to at least 2 of your classmates. Be constructive and professional in your responses.
ACC 561 Week 1 Discussion
Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to other students.
Due Thursday
Answer one of the following two questions. Respond using a minimum of 300 words.
- Read Chapters 1 and 2 of our text. Watch the Author’s Corner: Financial Statements and Accuracy of Accounting videos. Select one of the ACCOUNTING topics presented with the material and explain it to the class. Provide examples to support your analysis.
- Review Apple, Microsoft, or Alphabet’s most recently published income statement, balance sheet, and statement of cash flows. State which company you selected. Identify several accounts from the income statement, balance sheet and/or statement of cash flows. Explain the accounting information to the class. What types of business transactions may impact the accounts identified? Identify a subject in chapters 1 or 2 and discuss how this applies to the company.
Due on or before Monday
Post two high quality, substantive replies.
ACC 561 Wk 2 Discussion – Revenue Recognition and Expense Recognition
Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to other students.
Due Thursday
Under the accrual basis accounting, revenues and expenses are recognized by the following principles:
- Revenue recognition: Revenue is recognized when both of the following conditions are met: Revenue is earnedand Revenue is realized or realizable.
- Expense recognition: Expense is recognized in the period in which related revenue is recognized (this is also known as the Matching Principle).
Respond to the following in a minimum of 175 words:
- Discuss when the requirements of the revenue recognition principle are usually met. Give an example.
- Discuss when the requirements of the expense recognition principle are usually met. Give an example.
Due Monday
Reply to at least 2 of your classmates. Be constructive and professional in your responses.
ACC 561 Week 2 Discussion
Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to other students.
Due Thursday
Answer one of the following three questions. Respond using a minimum of 300 words.
- Watch the Cash Basis versus Accrual Basis video. Identify a company and state how the business uses the concepts discussed in the video. Include examples to support your explanations.
- Read the assigned pages in Chapters 3 and 4 of our text. Identify an ACCOUNTING topic incorporated therein and explain it to the class. Include insight and examples to support your analysis.
- In addition to preparing financial statements in accordance with GAAP, U.S. companies may be required, in the near future, to prepare financial statements according to International Financial Reporting Standards (IFRS). If the United States adopted IFRS standards, what would be the advantages and disadvantages? Does it make sense for U.S. companies to change to IFRS? How would IFRS impact a comparative analysis of an organization’s financial statements?
Due on or before Monday
Post two high quality, substantive replies.
ACC 561 Wk 3 Discussion – Ratio Analysis
Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to other students.
Due Thursday
Ratio analysis compares the line-item data in a firm’s financial statements, which will reveal many understandings regarding liquidity, profitability, operational efficiency, and solvency. Moreover, ratio analysis can be used to look at trends for one or more firms within the same industry or sector. Ratio analysis compares line-item data.
Respond to the following in a minimum of 175 words:
- List five major categories of ratios and explain how they could be used to help a firm.
- What are the most important liquidity ratios and why?
Due Monday
Reply to at least 2 of your classmates. Be constructive and professional in your responses.
ACC 561 Week 3 Discussion
Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to other students.
Due Thursday
Answer one of the following three questions. Respond using a minimum of 300 words.
- Select an ACCOUNTING topic of your choice from the assigned pages in chapters 13 or 14. Explain it to the class and include examples and business insight to support your analysis. Identify a company of your choice and discuss how the information applies to the organization.
- Financial Statement Analysis Video: Discuss several key accounting points you found interesting and state how this applies to a business that you are familiar with. Provide examples and insight to support your conclusions.
- Comparing Companies Video: Discuss several key accounting points you found interesting and state how companies can use this to improve business operations. Provide examples and details. Are there any limitations that we need to be concerned about?
Due on or before Monday
Post two high quality, substantive replies.
ACC 561 Wk 4 Discussion – Costing Systems
Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to other students.
Due Thursday
Product costing systems are methods used to manage inventories. Accounting systems primarily engage one of three costing systems at a time: job order costing, process-based costing, or activity-based costing.
Respond to the following in a minimum of 175 words:
- Briefly explain each of the three costing systems in accounting.
- Discuss the situations in which each system would be best employed by a business.
Due Monday
Reply to at least 2 of your classmates. Be constructive and professional in your responses.
ACC 561 Week 4 Discussion
Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to other students.
Due Thursday
Answer one of the following four questions. Respond using a minimum of 300 words.
- Read Chapters 15 and 16 of our text. What are the main differences between job and process costing? How are the costing methods used in managerial decision making? Identify a company of your choice and explain which method is the most appropriate. Add details, insight, and incorporate examples to support your position.
- Identify an ACCOUNTING topic of your choice from the assigned reading. Explain it to the class and include examples and insight to support your analysis. Identify a company and explain how the business can use the information in order to improve decision making.
- Read Chapter 17 of our text and watch the Alternative Costing Methods video. What is activity-based costing? Explain how a company of your choice could use activity-based costing to improve managerial decision making. What are the advantages and disadvantages to the company?
- Watch the Costing Errors video. Explain, in detail, the content of the video to the class. How do costing errors impact financial data and operating decisions? Use an example from a current or prior employer to support your analysis.
Due on or before Monday
Post two high quality, substantive replies.
ACC 561 Wk 5 Discussion – CVP Analysis
Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to other students.
Due Thursday
Cost-volume-profit analysis, or CVP, is something companies use to figure out how changes in costs and volume affect their operating expenses and net income. In other words, CVP is a methodical analysis of the dynamic inter-relationship between selling prices, sales and production volume, cost expenses, and profits.
Respond to the following in a minimum of 175 words:
- Explain each of the three elements of CVP analysis.
- Discuss how managers use CVP analysis.
Due Monday
Reply to at least 2 of your classmates. Be constructive and professional in your responses.
ACC 561 Week 5 Discussion
Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to other students.
Due Thursday
Answer one of the following two questions. Respond using a minimum of 300 words.
- Read Chapters 18 of our text. Watch the Break Even and Cost-Volume-Profit Analysis video. Identify a company and explain how a CVP analysis of the organization could improve business results. How would a variable costing income statement help the business? Are there other alternatives you would recommend? Add examples and details to support your analysis and explanations.
- Read Chapters 19 and 20 of our text. Identify an ACCOUNTING topic included with the assigned chapters and explain it to the class. How would your current or former employer benefit from the information and how does it apply to their business operations? Add examples and details to support your analysis and explanations.
Due on or before Monday
Post two high quality, substantive replies.
ACC 561 Wk 6 Discussion – Organizational Budgets
Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to other students.
Due Thursday
Shrewdly designed budgets assist businesses leaders with awareness of expenditures and managing resources. Businesses use a variety of budgets to measure their spending and develop effective strategies for maximizing their assets and revenues. Many types of organizational budgets exist and each have different purposes, strengths, and weaknesses.
Respond to the following in a minimum of 175 words:
- Briefly discuss four types of organizational budgets.
Due Monday
Reply to at least 2 of your classmates. Be constructive and professional in your responses.
ACC 561 Week 6 Discussion
Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to other students.
Due Thursday
Answer one of the following two questions. Respond using a minimum of 300 words.
- Read Chapters 21 and 22 of our text. Watch the Budgets video. Select one of the budget types presented. Discuss why this particular budget is important to a company and explain how a business can use the budget to improve performance. Select a company of your choice and discuss how past business transactions and future operating decisions impact the preparation of the company’s monthly, quarterly, and annual budgets.
- Explain how variance analysis can improve the overall performance of a company. Select a company of your choice and discuss how the business can use the tool to improve business decision capabilities and financial results. Include examples to support your explanations. How could a balanced scorecard system help you improve negative variances at the company?
Due on or before Monday
Post two high quality, substantive replies.