External link to Strategies for Creative Problem Solving

Strategies for Creative Problem Solving

Complete problem 10.10 from our textbook, “Strategies for Creative Problem Solving” on page 265-266. For that problem use these three methods: the Four Classical virtues, Ethics Checklist, and the Five P’s to help you analyze the problem. Then write at least one paragraph (Short Essay Format, not List Format) for each of the three methods. Formatting: –          Use black text only. –          Use single spacing. […]

External link to Accounting   Equation Discussion

Accounting   Equation Discussion

Accounting   Equation As you have learned in this week’s readings, the Accounting Equation is Assets = Liabilities + Owners’ Equity.  Is the accounting equation true in all instances?  Provide sample transactions from your own experiences to demonstrate the validity of the Accounting Equation. Guided Response: Review several of your peers’ posts and identify some core components that you feel should be included in every transaction. […]

External link to How debits and credits impact accounts

How debits and credits impact accounts

Accounts What does the term account mean?  What are the different classifications of accounts?  How do the rules for debits and credits impact accounts?  Please provide an example of how debits and credits impact accounts. Guided Response: Analyze several of your peers’ posts.  Let at least two of your peers know if this knowledge could be used in their everyday lives.  Is so, how?  If […]

External link to How to Listen to the Guidance Report Video

How to Listen to the Guidance Report Video

Listen to the Guidance Report Video. Listen to the video below for the exercise/problem. The      video completes the problems using the book numbers. Open the Guidance Report and rework the problem with the      changed numbers and place your answers on the guidance report. Do not      alter the guidance report. Submit the guidance report using the Assignment      Submission tab below. Complete the following problems and exercises: […]

External link to Accounting   Cycle Discussion Paper

Accounting   Cycle Discussion Paper

Accounting   Cycle Financial statements are a product of the accounting cycle.  Think about two different companies: a manufacturing company, and a retail company.  Why would different companies have different accounting cycles?  Would you expect the steps of the accounting cycle to be the same for each company?  Why, or why not? Guided Response: Review several of your peers’ posts and identify what steps of the […]

External link to The Purpose Of Bank   Reconciliation

The Purpose Of Bank   Reconciliation

Bank   Reconciliation What is the purpose of a bank reconciliation?  What are the reasons for differences between the cash reported in the accounting records, and the cash balance in the bank statements? Analyze several of your peers’ posts.  Let at least two of your peers know what happens to the discrepancies between the book balance and the bank balance.  Could these differences just be written […]

External link to LIFO   VERSES FIFO METHODS PAPER

LIFO   VERSES FIFO METHODS PAPER

LIFO   vs. FIFO The controller of Sagehen Enterprises believes that the company should switch from the LIFO method to the FIFO method.  The controller’s bonus is based on the next income.  It is the controller’s belief that the switch in inventory methods would increase the net income of the company.  What are the differences between the LIFO and FIFO methods? Guided Response: Analyze several of […]

External link to Depreciation methods Discussion paper

Depreciation methods Discussion paper

Depreciation A variety of depreciation methods are used to allocate the cost of an asset to all of the accounting periods benefited by the use of the asset.  Your client has just purchased a piece of equipment for $100,000.   Explain the concept of depreciation.  Which of the following depreciation methods would you recommend: straight-line depreciation, double declining balance method, or an alternative method? Guided Response: […]

External link to Current   Liability Discussion Paper

Current   Liability Discussion Paper

Current   Liability What is a current liability?  From the perspective of a user of financial statements, why do you believe current liabilities are separated from long-term liabilities?  Based on your current experience as well as any additional research you may have done, provide two examples of situations where businesses collect monies from customers and employees and report these amounts as a current liability. Guided Response: […]

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