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MenuCoursesAll TermsView Course ListView Course GridSearch your courses2 results2525 items per pageitems per page2024-2025 Academic Year - Fall SemesterAccounting I-FinancialACCT2103033FA2024OpenCarolyn JohnsonMacroeconomic PrinciplesECON2113272FA2024OpenBart AllenMenuSkip to main contentAccounting I-Financial

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Student Q & A Discussion BoardPlease post any questions that you have regarding the course including homework questions, course questions or general school questions. I will check the forum periodically, but I will not monitor it daily. This forum is designed to encourage communication and collaboration within the course between students.Welcome and IntroductionYou are all amazing people and I am eager to learn more about each of you!!!Please us do so by completing the following exercise. Use the letters of your first name and tell us interesting facts about yourself.Then respond to at least two other students posts that you relate to. I'll start us off!!!:) C - Cheerful. I have a cheerful disposition .... for the most part ;) A - Accountant .I love numbers and the little puzzles that accounting presents.I look at each accounting problem as a little mystery to solve. R - Religious. There are times that my faith is the only thing that gets me through the day.I love my church and my church family. The most rewarding endeavor I've ever been involved with is a mission trip to Puerto Rico to ...Unit 1 Discussion - Initial Post Due by Friday, Sept 6th and Replies to Two Classmates Posts due by Tuesday, Sept 17thDue date: 9/17/24, 11:59 PMOn page 75 of the text, Practice Material Question 11 states:To obtain financing for her hair salon, Valeriasked you to prepare a balance sheet for her business.When she sees it, she is disappointed that the assets exclude a value for her list of loyal customers.Answer the following questions: What can you tell her to explain why this "asset" has been excluded? Knowing this, what shouldshe tell her banker when they meet next week? Why is it appropriate to use cash basis accounting in your personal life but not in the business world? Please answer the questions usingat least 5 complete sentences and proper grammar.Also, properlycite any references you use when answering the questions.:) Please make initial posting by Friday, ...Unit 2 Discussion - Initial Post Due by Friday, Oct 4th and Replies to Two Classmates Posts due by Tuesday, Oct 15thDue date: 10/15/24, 11:59 PMContent isn't availableIn chapter 5, a major focus is on fraud and internal controls.Several landmark cases are discussed within the chapter including Enron, WorldCom, KossCorporation, and Bausch & Lomb.Research a case of corporate fraud and discuss the fraud that was committed (one paragraph).Please cite the article(s) used in your research. Then answer the following questions: Why is adherence to ethical standards important to the smooth functioning of an economy? What would be the practical consequences to the accounting industry if accountants did not adhere to ethical standards? Please respond initially by Friday, Oct 4th and respond thoughtfully to at least 2 other students' posts by Tuesday, Oct 15th.Have a great week!!!Unit 3 Discussion - Initial Post Due by Friday, Oct 25th and Replies to Two Classmates Posts due by Tuesday, Nov 5thDue date: 11/5/24, 11:59 PMContent isn't availableExtending Credit to Customers: Refer to the information on accounts receivables in Chapter 8.In April 2006, Kohl's Corporation decided to discontinue its Kohl's credit card operations.research any public company's customer credit policies (i.e.what does this company require in order for a customer to have a charge account and how do they ensure / encourage collection?)andwrite a paragraph summarizing this policy. Further Questions to answer: What factors would Kohl's department store company have considered prior to making the decision to discontinue it's Kohl's credit card operations? Do you agree or disagree with their decision?Explain. Do you believe the policies that you researched for your public company are ...Unit 4 Discussion - Initial Post Due by Friday, Nov 15th and Replies to Two Classmates Posts due by Tuesday, Dec 3rdDue date: 12/3/24, 11:59 PMContent isn't availableFinancial Statement Analysis Throughout the course,the author hasdiscussed financial analysis and the objectives of financial accounting.This discussionquestion is very basic,yet very complex....What makes financial information useful and why is this important?Explain your answer fully and find at least one case where a company was affected by not fully disclosing all financial information and the impact on both the company and external parties. Please respond initially by Friday, Nov 15th and respond thoughtfully to at least 2 other students' posts by Tuesday, Dec 3rd.Have a great week!!!Wrap Up Discussion Question - Due by Thursday December 12thContent isn't availableWhat was the most beneficial topic covered in this course? How will the content from this course help you in your future career? Please post by Thursday, December 12th . Have a great week and good luck on all of your finals.It's been a joy having you in class this summer!!!No more discussions to load??MenuView DiscussionUnit 1 Discussion - Initial Post Due by Friday, Sept 6th and Replies to Two Classmates Posts due by Tuesday, Sept 17thUnit 1 Discussion - Initial Post Due by Friday, Sept 6th and Replies to Two Classmates Posts due by Tuesday, Sept 17th Discussion TopicFollow

On page 75 of the text, Practice Material Question 11 states:To obtain financing for her hair salon, Valeriasked you to prepare a balance sheet for her business.When she sees it, she is disappointed that the assets exclude a value for her list of loyal customers.Answer the following questions:

1. What can you tell her to explain why this "asset" has been excluded?
2. Knowing this, what shouldshe tell her banker when they meet next week?
3. Why is it appropriate to use cash basis accounting in your personal life but not in the business world?