ACC 422 Week 1 DQ 1
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Consider how an organization must manage cash, receivables, and inventory. Which of the three variables is the most important to manage? Is one more susceptible to fraud and errors than the others? Explain your answer.
How would a misstatement in each affect the organization?
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ACC 422 Week 1 DQ 2
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What is the perpetual method of tracking inventory? How does it differ from the periodic method of tracking inventory? Why would a company choose one method over the other method? Which is the best method? Why?
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ACC 422 Week 1 DQ 3
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What are the different ways to estimate bad debt? How does this affect net income? What does Generally Accepted Accounting Principles (GAAP) require? Why? Should all companies have bad debt? Explain your answer.
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ACC 422 Week 1 DQ 3
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What are the different ways to estimate bad debt? How does this affect net income? What does Generally Accepted Accounting Principles (GAAP) require? Why? Should all companies have bad debt? Explain your answer.
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ACC 422 Week 1 DQ 4
Why is it important to have effective control of cash?
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ACC 422 Week 1 DQ 5
What are the basic issues involved with the valuation of receivables?
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