Week One: Assets and Internal Controls
Details Due Points
Objectives 1.1 Compare and contrast current and noncurrent assets.
1.2 Identify significant accounting estimates.
1.3 Examine internal controls.
Readings Read Ch. 7 of Financial Accounting: Tools for Business Decision Making.
Read Ch. 8 of Financial Accounting: Tools for Business Decision Making.
Read Ch. 9 of Financial & Managerial Accounting: The Basis for Business Decisions.
Review this week’s Electronic Reserve Readings.
Discussion Questions & Participation Discussion question responses count towards the class participation requirement. Posts that contribute additional information, further the conversation, and have a minimum of 75 words will count towards participation. A minimum of two posts per day on four separate days are required in order to earn full credit each week. In order to receive credit for a day you must post at least twice per day. Partial credit will not be awarded for posting only once per day. Midnight, Day 7 5
Learning Team Instructions
Create the Learning Team Charter.
Review the objectives from Week One, and discuss additional insights and questions. Midnight, Day 7
Current and Noncurrent Assets Paper Prepare a 700- to 1,050-word paper comparing and contrasting current and noncurrent assets. In your paper, address the following:
• What are current assets?
• What are noncurrent assets?
• What differs between current and noncurrent assets?
• What is the order of liquidity?
• How does the order of liquidity apply to the balance sheet?
Format your paper consistent with APA guidelines. You must cite all references. If you used an electronic source, include the URL. If you used a printed source or reference pages from the virtual organizations, attach a copy of the data to your paper. Your paper must include a minimum of 2 references.
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Week Two: Liabilities and Equity
Details Due Points