Learning Team A Week One Reflection ACC/422 Monday‚ April 8‚ 2013 Lisa A. Foy Learning Team A Week One Reflection The object of the reflection for this week is to discuss the objectives for Week One and their relation to the importance of the balance sheet to internal and external users. The objectives discussed by Learning Team A are the components of cash and cash equivalents‚ and the comparison and contrast of different inventory cost flow assumptions and how they are valued. The internal
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Weekly Reflection Summary- WK 4 The objectives for week 4 include learning the importance of the statement of cash flow‚ the financial statements analysis‚ and how to master the fundamentals of both. The statement of cash flow is one of the main financial statements which investors rely on to measure a company’s financial strength. Some investors are very much interested in this statement because they absolutely want returns on their investment. The cash flow statement identifies the cash is
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week’s consensus is overwhelmingly a feeling of clarity as compared to last week. Our team feels much more comfortable with statements of cash flows and financial statement analysis than with dividends‚ bonds‚ etc. The following are individual reflections on what we learned during week four. I think this week was easier for me than others because of the simplicity behind the terms. The statements of cash flows include operating activities‚ investing activities and financing activities. Operating
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| | |School of Business | | |ACC/422 Version 6 | | |Intermediate Financial Accounting II | |
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Weekly Reflection ACC 422 Weekly Reflection Week three was highlighted by the discussion of fixed assets and the use of accounting for depreciation of those assets. Businesses utilize depreciation of their fixed assets to take advantage of the tax breaks that they receive. The cost of depreciation of assets lowers the taxable income of a company and in turn allows either a higher refund or less owed in taxes. Another option that is available is the use of accelerated depreciation. This option
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This paperwork - ACC 422 Week 3 Discussion Questions - consists of: DQ 1: What is the purpose of depreciation? Does the book value of a fixed asset (cost minus accumulated depreciation) communicate to a user what the asset is worth? Explain why or why not. Should the financial statements reflect the value of fixed assets? Explain why or why not. DQ 2: What is an intangible asset? Should all intangible assets be subject to amortization? Explain why or why not. Why are some
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Weekly Reflection Weekly Reflection Team B’s discussion of the week two objectives was enlightening. The objectives for week two include identifying production level to maximize profits‚ explaining balancing fixed and variable costs‚ and applying economic cost concepts in making business decisions. Comfortable Topics Discussing the objectives provides a clear understanding of the objectives for Team B members. The comfort level of the team during discussions resulted in comprehensible
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Learning Team C Weekly Reflection A train that derails in a terrible accident is a good comparison for an organization that does not have a strategic plan in periods of catastrophic events. The problem is the train is completely off the original course after clearing the accident scene. A strategic plan with focus on long-term business objectives is important‚ especially in the event of a crisis. In this paper the subject is a discussion of this week’s objectives among Learning Team C. The
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This pack of ACC 422 Week 1 Discussion Questions contains: DQ1: Which of the following is the most important for an organization to manage: cash‚ receivables‚ or inventory? Defend you answer. DQ2: How can different accounting methods affect an organization’s net income? Talk specifically about estimations of bad debt and inventory. DQ3: Why would a company choose period inventory tracking over perpetual? Which Method is best? General Questions - General General
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Weekly Reflection Common law and UCC laws can vary. Both of these are laws that U.S. The UCC was created to harmonize a particular or group of laws in all states of the U.S. Common laws can vary amongst each state. Common laws usually deal with real estate‚ service‚ insurance‚ intangible assets and employment contracts. If any changes are made to these laws‚ it could lead to the rejection or even counter offer of that offer. UCC Laws usually deal with the sales of goods and securities. Minor
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