Acc 280 (Principles of Accounting) Complete Course Week 1-5

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ACC 280 Week 1

Week 1 DQ 1 What are the four basic financial statements? What do the different financial statements tell you about a company? Which financial statement is the most useful? Why?
Week 1 DQ 2
What types of information is provided to managers in your department and how do managers in your organization use information presented in financial statements? What is your experience with financial statements? If you don't have experience with the statements, what experience would you like to obtain?
Week 1 DQ 3
What is the debt and credit?
Week 1 DQ 4
Who are the different users of accounting information? What are the differences between managerial and financial accounting? What is the role of the CPA and how does it differ from other accountants? What is the value of the accounting function in your organization, both internally and externally?
ACC 280 Week 1 Assignment Financial Statements Paper (750+ Words)

ACC 280 Week 2

Week 2 DQ 1
What are the four different adjusting entries? What accounting assumptions necessitate the use of adjusting entries? What accounts are subject to adjusting journal entries? What are the advantages and disadvantages of using automated accounting systems to do adjusting entries? What are your thoughts on making adjusting entries; are they really needed or is this just extra work by accountants?
Week 2 DQ 2
Which basis of accounting does most companies use, cash or accrual? Why? Which method is approved by GAAP? Why? What are the positives and negatives of each? Is it legal for an organization to keep two sets of accounting records;…...

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