1. DEVRY ACCT 301 W EEK 1 T O W EEK 7 D ISCUSSION Q UESTIONS Check this A+ tutorial guideline at http://www.assignmentcloud.com/acct-301/acct-301-week-1-to-week- 7-discussion-questions For more classes visit http://www.assignmentcloud.com ACCT 301 Week 1 To Week 7 Discussion Questions Week 2 DQ 1. Internal Control - Describe what you think is the most important control activity that a company can implement. Why do you think that the one you chose is the most important? Week 2 DQ 2. Fraud - Describe one of the three elements that are present when fraud occurs. Of the three elements, which do you think is present first in an ethical situation?

2. Week 3 DQ 1 Horizontal and Vertical Analysis - Go to Yahoo! Finance at the following URL http://finance.yahoo.com/. Enter the name of your favorite public company in the box in the upper left-hand corner, and click on Get Quotes. Click on the income statement or balance in the bottom left-hand corner of your favorite company. Perform a horizontal or vertical analysis of one of the line items on its income statement or balance sheet. What does this information tell you? Week 3 DQ 2 Ratio Analysis - Go to Yahoo! Finance at the following URL http://finance.yahoo.com/. Enter the name of your favorite public company in the box in the upper left-hand corner, and click on Get Quotes. Explore the information given for your favorite company by clicking on the links on the left-hand side of the screen. What information do you find interesting? Week 4 DQ 1 Managerial Accounting - This week, we are shifting our focus from financial accounting to managerial accounting. How do the content and verification of the reports differ between managerial and financial accounting? Week 4 DQ 2 - What is CVP analysis? How is it useful to managers? Week 5 DQ 1 Incremental Analysis - What is incremental analysis? How is it used by management? Week 5 DQ 2 Relevant Costs - Our lecture states that relevant costs can also be viewed as avoidable costs. What does this mean? This is a very difficult concept, so help your classmates understand it!

3. Week 3 DQ 1 Horizontal and Vertical Analysis - Go to Yahoo! Finance at the following URL http://finance.yahoo.com/. Enter the name of your favorite public company in the box in the upper left-hand corner, and click on Get Quotes. Click on the income statement or balance in the bottom left-hand corner of your favorite company. Perform a horizontal or vertical analysis of one of the line items on its income statement or balance sheet. What does this information tell you? Week 3 DQ 2 Ratio Analysis - Go to Yahoo! Finance at the following URL http://finance.yahoo.com/. Enter the name of your favorite public company in the box in the upper left-hand corner, and click on Get Quotes. Explore the information given for your favorite company by clicking on the links on the left-hand side of the screen. What information do you find interesting? Week 4 DQ 1 Managerial Accounting - This week, we are shifting our focus from financial accounting to managerial accounting. How do the content and verification of the reports differ between managerial and financial accounting? Week 4 DQ 2 - What is CVP analysis? How is it useful to managers? Week 5 DQ 1 Incremental Analysis - What is incremental analysis? How is it used by management?

4. Week 5 DQ 2 Relevant Costs - Our lecture states that relevant costs can also be viewed as avoidable costs. What does this mean? This is a very difficult concept, so help your classmates understand it! Week 6 DQ 1 Budgeting - Why is budgeting important for a company? What are some reasons that a company would not prepare a budget? Week 6 DQ 2 Responsibility Accounting - Describe responsibility accounting and its purpose. What conditions are necessary for responsibility accounting to be used effectively? Week 7 DQ 1 Capital Budgeting - Discuss the capital budgeting process and the inputs that are used in capital budgeting. Week 7 DQ 2 Transfer Pricing - What is the transfer price? Why is determining a fair transfer price important for division managers? Week 8 - Looking Ahead Class, looking back over the Terminal Course Objectives for this course, what are you looking forward to learning more about throughout your education and career?