ACC 502 Full Course Discussions GCU
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<strong>ACC</strong> <strong>502</strong> <strong>Full</strong> <strong>Course</strong> <strong>Discussions</strong> <strong>GCU</strong><br />
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<strong>ACC</strong> <strong>502</strong> <strong>Full</strong> <strong>Course</strong> <strong>Discussions</strong> <strong>GCU</strong><br />
<strong>ACC</strong> <strong>502</strong> Week 1 Discussion 1<br />
If you were to open a business, what form of business organization would you use, and why?<br />
<strong>ACC</strong> <strong>502</strong> Week 1 Discussion 2<br />
Review the available materials for the chapters covered this week, including the lecture, reading,<br />
publisher materials, demonstration problems and exercises at the end of the chapters. After<br />
reviewing these materials and attempting the assignment for the week, what challenges did you<br />
face? Do you have any questions on the material? Participate in follow up discussion by helping<br />
your classmates and sharing your tips for understanding materials, when possible.<br />
<strong>ACC</strong> <strong>502</strong> Week 2 Discussion 1<br />
The term “adjusting entries” refers to a very important step in the accounting cycle. Explain when,<br />
why, and how the adjusting process is used. Provide an example to clarify your statements.<br />
<strong>ACC</strong> <strong>502</strong> Week 2 Discussion 2<br />
Review the available materials for the chapters covered this week, including the lecture, reading,<br />
publisher materials, demonstration problems and exercises at the end of the chapters. After<br />
reviewing these materials and attempting the assignment for the week, what challenges did you<br />
face? Do you have any questions on the material? Participate in follow up discussion by helping<br />
your classmates and sharing your tips for understanding materials, when possible.<br />
<strong>ACC</strong> <strong>502</strong> Week 3 Discussion 1<br />
The choice of inventory method is critical to the merchandising operation. Identify a well-known<br />
company, and state what inventory method you think would be best for that company, and why.
<strong>ACC</strong> <strong>502</strong> Week 3 Discussion 2<br />
Review the available materials for the chapters covered this week, including the lecture, reading,<br />
publisher materials, demonstration problems and exercises at the end of the chapters. After<br />
reviewing these materials and attempting the assignment for the week, what challenges did you<br />
face? Do you have any questions on the material? Participate in follow up discussion by helping<br />
your classmates and sharing your tips for understanding materials, when possible.<br />
<strong>ACC</strong> <strong>502</strong> Week 4 Discussion 1<br />
Consider your workplace (current or former) and identify any internal control procedures that you<br />
have seen implemented. Were they effective? Why, or why not? (If you do not have current or prior<br />
work experience, identify a place that you have observed internal controls in place, such as a store<br />
where you shop.<br />
<strong>ACC</strong> <strong>502</strong> Week 4 Discussion 2<br />
Review the available materials for the chapters covered this week, including the lecture, reading,<br />
publisher materials, demonstration problems and exercises at the end of the chapters. After<br />
reviewing these materials and attempting the assignment for the week, what challenges did you<br />
face? Do you have any questions on the material? Participate in follow up discussion by helping<br />
your classmates and sharing your tips for understanding materials, when possible.<br />
<strong>ACC</strong> <strong>502</strong> Week 5 Discussion 1<br />
The cost of maintaining assets can be a challenge. How do you determine when and why to<br />
dispose of plant assets? What are the options for accounting for these dispositions? Provide<br />
examples to illustrate your response. You may not give examples mentioned in the text. Participate<br />
in follow-up discussion by adding to your classmates’ comments.<br />
<strong>ACC</strong> <strong>502</strong> Week 5 Discussion 2<br />
Review the available materials for the chapters covered this week, including the lecture, reading,<br />
publisher materials, demonstration problems and exercises at the end of the chapters. After<br />
reviewing these materials and attempting the assignment for the week, what challenges did you<br />
face? Do you have any questions on the material? Participate in follow up discussion by helping<br />
your classmates and sharing your tips for understanding materials, when possible.
<strong>ACC</strong> <strong>502</strong> Week 6 Discussion 1<br />
Find the financial statements of a publicly traded company and review its liability section of the<br />
balance sheet. What liabilities are included? What is the mix of current and long-term liabilities?<br />
What is the company’s current ratio and debt ratio, and what do these ratios tell us about the<br />
company?<br />
<strong>ACC</strong> <strong>502</strong> Week 6 Discussion 2<br />
Review the available materials for the chapters covered this week, including the lecture, reading,<br />
publisher materials, demonstration problems and exercises at the end of the chapters. After<br />
reviewing these materials and attempting the assignment for the week, what challenges did you<br />
face? Do you have any questions on the material? Participate in follow up discussion by helping<br />
your classmates and sharing your tips for understanding materials, when possible.<br />
<strong>ACC</strong> <strong>502</strong> Week 7 Discussion 1<br />
Find the financial statements of a publicly traded company and review its stockholders’ equity<br />
section of the balance sheet. Does the company have common stock? Preferred stock? Treasury<br />
stock? Do you see anything unusual in this section of the balance sheet?<br />
<strong>ACC</strong> <strong>502</strong> Week 7 Discussion 2<br />
Review the available materials for the chapters covered this week, including the lecture, reading,<br />
publisher materials, demonstration problems and exercises at the end of the chapters. After<br />
reviewing these materials and attempting the assignment for the week, what challenges did you<br />
face? Do you have any questions on the material? Participate in follow up discussion by helping<br />
your classmates and sharing your tips for understanding materials, when possible.<br />
<strong>ACC</strong> <strong>502</strong> Week 8 Discussion 1<br />
Find the financial statements of a publicly traded company and review its statement of cash flows.<br />
Of the company’s cash flows from operating activities, investing activities, and financing activities,<br />
which ones are net cash inflows and which are net cash outflows? What does this indicate about<br />
the company? Do you see anything unusual in this statement?<br />
<strong>ACC</strong> <strong>502</strong> Week 8 Discussion 2<br />
Review the available materials for the chapters covered this week, including the lecture, reading,<br />
publisher materials, demonstration problems and exercises at the end of the chapters. After
eviewing these materials and attempting the assignment for the week, what challenges did you<br />
face? Do you have any questions on the material? Participate in follow up discussion by helping<br />
your classmates and sharing your tips for understanding materials, when possible.<br />
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