Click Link
Below To Buy:
Contact Us:
Hwcoursehelp@gmail.com
Development of Accounting Standards (graded)
Hello Class, Welcome to week 1 Discussion Topic 1.
Hello Class, Welcome to week 1 Discussion Topic 1.
Generally Accepted Accounting Principles (GAAP) are guidelines for
companies to follow as they prepare and issue financial statements.
Let’s start by getting an understanding of why the guidelines were
developed in the first place?
a) Who relies on the financial statements (external users) and
why, what are they using the statements for?
b) What happens if an External User relies on financial statements
that are inaccurate? (what could happen to the corporaton)
c) What negative consequences can arise from relying on inaccurate
financial statements? (what could happen to the external user)
Remember, these discussion threads are supposed to be stimulating
conversation, a back and forth discussion among students and teacher.
After the first person responds, he or she can respond to the
first item, the next person can add a point that maybe the previous discussions
failed to point out or answer the second item..
I don’t want to see everybody repeating the same answer. You
wouldn’t do that if you were in class and I asked a question.
You need to respond to each of the two separate discussion topics
by Wednesday the latest. And, including Wednesday, you need to respond to each
of the 2 discussion threads on 3 different days. For example, you could come in
as late as Wednesday and respond to topic one and two. Then do the same for
both topics on Thursday and Sunday.
They need to be of quality responses. Not “I agree with what you
said John.” or Not “Yes, John, you are correct in saying that…..”
Prof. Marnell
Accounting Conceptual Framework (graded)
Hello Class, Welcome to week 1 Discussion Topic 2.
Hello Class, Welcome to week 1 Discussion Topic 2.
A sound foundation is necessary for success in any task from
building a house to putting on make-up.
In terms of U.S. Accounting Standards, it is also necessary to
have a sound foundation, referred to as the conceptual framework.
a)What is the conceptual framework, and why is it important?
Once students have answered the above thoroughly, lets move on
and…
b) discuss it step by step starting with the objective. What is
the objective of accounting standards?
Remember, these discussion threads are supposed to be stimulating
conversation, a back and forth discussion among students and teacher.
After the first person responds, he or she can respond to the first item, the next person can add a point that maybe the previous discussions failed to point out or answer the second item..
After the first person responds, he or she can respond to the first item, the next person can add a point that maybe the previous discussions failed to point out or answer the second item..
I don’t want to see everybody repeating the same answer. You
wouldn’t do that if you were in class and I asked a question.
You need to respond to each of the two separate discussion topics
by Wednesday the latest. And, including Wednesday, you need to respond to each
of the 2 discussion threads on 3 different days. For example, you could come in
as late as Wednesday and respond to topic one and two. Then do the same for
both topics on Thursday and Sunday.
They need to be of quality responses. Not “I agree with what you
said John.” or Not “Yes, John, you are correct in saying that…..”
No comments:
Post a Comment