Assignment Instructions/ Description
Discussion 03.2: Cash-vs-Accrual BasisMust post first.Review “Accrual Basis vs. Cash Basis Accounting” (Micah Fraim, Score Blog).
Apply these concepts to your own (real or imagined) business. What type of service or product does your business offer? (You may also use a real life example, such as a business you own now, one you aspire to own, or a family-owned business.) Based on your business’s needs, what form of accounting--cash, or accrual--would be best for your company? Why?
Please refer to the AC2760 Discussion Guidelines for additional information on how to be successful on discussion board activities in this course.
Discussion Rubric
Discussion 03.3: Matching ConceptMust post first.Employees performed services in 2016, but got paid in 2017. Apply the matching concept to this example. In which year would the wage expense be reported on the income statement under [a] the cash basis or [b] the accrual basis? Why?
Please refer to the AC2760 Discussion Guidelines for additional information on how to be successful on discussion board activities in this course.
Discussion Rubric
Discussion 04.1: NAUXChange 4Must post first.Choose one activity from the Topic 4 (yellow) section of the NAUXChange game board and post your response in this discussion. For example, Topic 4 includes three (3) activities, which are located in spaces 10, 11, and 12 on the game board. You are only required to respond to one. (You are encouraged but not required to post responses to your fellow classmates when completing the NAUXChange activity.)
Here is a PDF version of this game board.
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Discussion 04.2: Ethics in Inventory AccountingMust post first.Inventory accounting can often be used for unethical or fraudulent behavior. Discuss the accounting principles and practices as they relate to inventory, and list one or more way(s) that fraudulent activity can take place. Be as detailed as possible, and if appropriate, include a personal experience you have encountered. Next, discuss at least one way to reduce the risk of fraudulent practices such as this from taking place in a business.
Please refer to the AC2760 Discussion Guidelines for additional information on how to be successful on discussion board activities in this course.
Discussion Rubric
Discussion 04.3: Multiple-Step vs. Single-StepMust post first.Discuss the difference between the multiple-step and single-step forms of the income statement. Which form would the management of a large retail store most likely use? Why?
Please refer to the AC2760 Discussion Guidelines for additional information on how to be successful on discussion board activities in this course.
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