ACC 502

ACC 502 Week 4 Discussion 1 . Consider your workplace (current or former) and identify any internal control procedures that you have seen implemented. Were they effective? Why, or why not? (If you do not have current or prior work experience, identify a place that you have observed internal controls in place, such as a store where you shop. My current workplace is part of a large non-profit organization that oversees several different programs in a matrix s...

ACC 502 Week 3 Discussion 2 Review the available materials for the chapters covered this week, including the lecture, reading, publisher materials, demonstration problems and exercises at the end of the chapters. After reviewing these materials and attempting the assignment for the week, what challenges did you face? Do you have any questions on the material? Participate in follow up discussion by helping your classmates and sharing your tips for understanding materials, when possible. ...

ACC 502 Week 3 Discussion 1 . The choice of inventory method is critical to the merchandising operation. Identify a well-known company, and state what inventory method you think would be best for that company, and why. Hello Everyone: I like to concentrate on vehicle dealerships, for example, Carey Paul Honda, Atlanta's most seasoned family claimed Honda dealership. I possess a Honda for a long time and never needed to nume...

ACC 502 Week 2 Discussion 1 The term “adjusting entries” refers to a very important step in the accounting cycle. Explain when, why, and how the adjusting process is used. Provide an example to clarify your statements. Adjusted entries are performed at the end of an accounting period (month, quarter, or year) in order to update the accounts of the actual net income losses and revenues, as well as the company’s assets and liabilities that occu...

ACC 502 Topic 1 DQ 1 If you were to open a business, what form of business organization would you use, and why? Because of pass encounters I would pick a Sole Proprietorship association at first, having quickly attempted to run a frozen yogurt shop with a companion in an organization bomb suddenly. I would begin a review firm performing non-damaging testing at offices around the nation. Beginning a business with another pers...

ACC 502 Week 6 Discussion 1 Find the financial statements of a publicly traded company and review its liability section of the balance sheet. What liabilities are included? What is the mix of current and long-term liabilities? What is the company’s current ratio and debt ratio, and what do these ratios tell us about the company? The balance sheet for Target Corporation lists the following liabilities (NASDAQ, 2016): Accounts Payable, Short-term Debt/Current Portion of Long-term Debt,...