ACC 502

ACC 502 Week 2 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 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.

ACC 502 Week 8 Discussion 1 Find the financial statements of a publicly traded company and review its statement of cash flows. Of the company’s cash flows from operating activities, investing activities, and financing activities, which ones are net cash inflows and which are net cash outflows? What does this indicate about the company? Do you see anything unusual in this statement?

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?

ACC 502 Week 5 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 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?

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.