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ACC 250 All Discussion Questions

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Topic 1 DQ 2

For many students, accounting is an intimidating topic. Share any concerns that you have regarding this course, and ideas that you have regarding how you will be successful.

 

Topic 1 DQ 1

Identify your major and share your career goals with the class. How do you think you will use accounting information in your future?

 

Topic 2 DQ 2

Respond to the following question, exercise, problem, or case in your textbook: "Chapter 2 Assess Your Progress: Review Question 1." Please use complete sentences, cite any sources used, and answer all required parts.

 

Topic 2 DQ 1

In the last topic, we learned about different forms of business organization. If you were to open a business, how would it be organized? Identify the type of business you might start and why you would choose that form of organization.

 

Topic 3 DQ 2

Respond to the following question, exercise, problem, or case in your textbook: "Chapter 3 Critical Thinking: Decision Case 3-1." Please use complete sentences, cite any sources used, and answer all required parts.

 

Topic 3 DQ 1

In your own words, describe each of the four financial statements. Go online and find the most recent set of financial statements for a publicly traded company that you are interested in and explain what you learned about that company from exploring its financial statements.

 

Topic 4 DQ 2

Respond to the following question, exercise, problem, or case in your textbook: "Chapter 4 Assess Your Progress: Review Questions 7-8." Please use complete sentences, cite any sources used, and answer all required parts.

 

Topic 4 DQ 1

The American Institute of Certified Public Accountants (AICPA) has a Code of Professional Conduct for members to adhere to. Choose this Code, or an ethical code that is related to your current or intended profession, and share what it includes. Do you think that adherence to a professional code of conduct is beneficial? Explain.

 Topic 5 DQ 2

This topic is related to inventory, and many students have experience with inventory either at work or as a consumer. As an employee, have you ever had to take a physical inventory? How do you manage damaged inventory in a store? As a consumer, how do inventory management systems impact you? What evidence of inventory management systems do you see in stores? Discuss.

 

Topic 5 DQ 1

Respond to the following question, exercise, problem, or case in your textbook: "Chapter 5 Critical Thinking: Fraud Case 5-1." Please use complete sentences, cite any sources used, and answer all required parts.

 

Topic 6 DQ 2

Respond to the following question, exercise, problem, or case in your textbook: "Chapter 8 Critical Thinking: Decision Case 8-2." Please use complete sentences, cite any sources used, and answer all required parts.

 

Topic 6 DQ 1

This topic is related to long-term assets. Go into your environment, and select an asset and explain how it would be treated for accounting purposes. Describe the asset, identify where it would be listed on the balance sheet, and determine if it would be depreciated. Discuss the rationale behind your conclusions.

 

Topic 7 DQ 1

Included in this topic on liabilities is a discussion of payroll and related liabilities. Examine your own paystub, or the paystub of a friend or family member, and identify the items that are deducted from the gross pay. Are there any deductions that you do not understand? How has this exercise helped you to better understand your own take-home pay?

 

Topic 7 DQ 2

Respond to the following question, exercise, problem, or case in your textbook: "Chapter 11 Critical Thinking: Decision Case 11-1." Please use complete sentences, cite any sources used, and answer all required parts.

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