FIN 324 Entire Course All Weeks DQS, Summaries & Assignments ( New )
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Week One
Accounting Principles
• Define basic accounting concepts, terminology, and transactions.
• Illustrate the accounting cycle.
• Identify the four types of financial statements.
• Describe the impact of the regulatory and compliance environment on accounting.
Course Assignments
1. Readings
Read the materials listed on the course page on the University of Phoenix student Web site for Week One.
Read Ch. 1 of Accounting: concepts and applications.
Read Ch. 2 of Accounting: concepts and applications.
Read Ch. 3 of Accounting: concepts and applications.
Read Ch. 4 of Accounting: concepts and applications.
Read Ch. 5 of Accounting: concepts and applications.
Read this week’s Electronic Reserve Readings.
1. Discussion Questions
What accounting issues does the Sarbanes-Oxley Act of 2002 address? How do the act’s provisions change the behavior of senior corporate executives and accounting professionals? Do you think this is an effective solution or will it create additional paperwork? Explain.
What are consequences of a certified public accountant or public accounting organization rendering an opinion based on unethical practices? How does unethical accounting behavior affect the profession? How may managers stop unethical accounting practices in the workplace?
What are some items that appear on an organization’s balance sheet? How does an organization calculate net income? What statements are useful in explaining how much cash an organization uses or generates during an accounting period?...