ACC 423 Week 5 Discussion Question 1
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What is a change in accounting principle? How do you determine if a change in principle should be reported retroactively, currently, or prospectively? How do these changes affect the financial statements? What experience do you have with change in accounting principle in your organization or an organization you are familiar with?
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ACC 423 Week 4 Discussion Question 1
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What are the differences and similarities between a defined contribution plan and a defined benefit plan? As an employee, explain why you would rather have a defined contribution plan or a defined benefit plan? What experience do you have with pension plans in your organization or an organization that you are familiar with? As an employer, explain why you would rather offer a defined contribution plan or a defined benefit plan to your employees?
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ACC 423 Week 2 Learning Team Reflection
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Discuss the objectives for Week One. How do they relate to the practice of accounting and its uses in business?
• Distinguish between paid-in and earned capital.
• Record journal entries related to common, preferred, and treasury stock.
• Record journal entries related to the various types of dividends.
• Calculate basic and diluted earnings per share (EPS).
• Evaluate the various accounting treatments for stock compensation.
Write a 350- to 500-word summary of your Learning Team’s discussion.
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