You can Skip Part A, Focus on Part B and need to answer questions that are in bold.

SCENARIO:You are a new hire for a major corporation completing your eight-week rotation

related to accounting, financial reporting, budgeting, cost control, and profit maximization. As

part of your rotation you are learning about the accounting process and how to use accounting

information to make managerial decisions.

Read the assigned chapters to learn the accounting concepts, then submit a written report in the

LEO assignment folder summarizing your knowledge of the week's concepts. You should create

this report to provide documentation/evidence of your assigned chapter readings and self-

assessment exercises (Fill in the Blanks, and Multiple Choice questions at end of each chapter).

(A series of projects focused on your SEC10K corporation will be completed and submitted

separately.)

REQUIREMENT:As described above, upon completion of the readings and quizzes (the

week's assigned chapters are detailed below) write report as a Word document and

upload it to this week's Homework assignment folder.Summarize what you learned

through your readings and practice quizzes.Demonstrate an understanding of the week's

concepts.The more detailed writeups documenting a solid understanding of the material

will earn the highest homework points.

A.Read and complete the self-graded quizzes for chapters 23 and 24

http://www.principlesofaccounting.com/ .

B.Complete report summarizing lessons learned from our course and submit in this

week's Assignments Folder.

Additionally, provide a summary of the accounting concepts learned through the readings

and practice quizzes for this week.Demonstrate your understanding of the week's

concepts.If you need ideas regarding topics to discuss, see ideas below.The more detailed

your write-up documenting your understanding the higher it will be graded.(See Rubric

for details.)

Complete the report below as a Word document and submit in the Assignment Folder for week 1

Homework.

Additionally, here are some topics to consider:

Why would income statement results prepared and reported externally, following GAAP

absorption costing, differ from income reported internally, in a variable/fixed

contribution margin format?

What analysis tools are available to help management analyze large, capital investment

options decisions?

What topic(s) gave you trouble this week (if any)?/What topic(s) do you feel you were

able to grasp?Post questions in the homework discussion thread!