Discussions About Accountancy 

Discussions About Accountancy

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Discussions About Accountancy

 

Grand Canyon AMP 415 Module 1 Discussion 1

Identify one account that would typically be found on a balance sheet, and one account that would typically be found on an income statement, and define them. Cite any references used, and do not identify accounts that have already been chosen by any of your classmates. Participate in follow-up discussion by reviewing your classmates’ posts and adding to their definitions of terms, or by responding to follow-up questions posed by your instructor.

Grand Canyon AMP 415 Module 1 Discussion 2

Choose one of the assumptions, principles, constraints, primary characteristics, secondary characteristics, or elements of accounting as found in the conceptual framework of accounting. Explain the concept in your own words and describe a business situation in which the concept could be applied. Do not choose a concept previously chosen by one of your classmates.

Grand Canyon AMP 415 Module 2 Discussion 1

What information might you use, besides the financial statements of an organization, when analyzing its financial health? Be specific, and identify the usefulness of the information that you identify.

Grand Canyon AMP 415 Module 2 Discussion 2

In performing a horizontal analysis on a company’s income statement, you notice that sales have decreased by 4%, but the gross profit has increased by 10%. What are some factors that could cause this to happen?

Grand Canyon AMP 415 Module 3 Discussion 1

What are the benefits of ratio analysis? What are the limitations of ratio analysis? What can be done to minimize the limitations on ratio analysis? Explain.

Grand Canyon AMP 415 Module 3 Discussion 2

You have computed all of the liquidity ratios for a company, and each of them appears to be close to or better than the industry averages. What other information would you want before you made a final assessment of the company’s short-term debt paying ability?

Grand Canyon AMP 415 Module 4 Discussion 1

What are the differences between the indirect and direct methods of preparing the statement of cash flows? Do you agree with the FASB that the direct method is preferred? Why, or why not?

Grand Canyon AMP 415 Module 4 Discussion 2

Choose a publicly-traded company and calculate its cash flow ratios as presented in this week’s lecture. Demonstrate your calculations in your post, and explain what the cash flow ratios indicate about the company. Do not choose a company previously chosen by one of your classmates. Participate in a follow-up discussion by choosing one of your classmates’ posts and expanding upon what they have said that the cash flow ratios indicate.

Grand Canyon AMP 415 Module 5 Discussion 1

Distinguish between a variable cost, a fixed cost, and a mixed cost. Identify a publicly traded, well-known company, and identify what you envision would be a variable cost, a fixed cost, and a mixed cost for this company. Do not choose a company that one of your classmates has already chosen. Participate in follow-up discussion through responding to one of your classmates’ posts, adding to the variable, fixed, and mixed costs that might exist for the company presented.

Grand Canyon AMP 415 Module 5 Discussion 2

What is meant by a product’s contribution margin ratio? How is this ratio useful in planning business operations?

Grand Canyon AMP 415 Module 6 Discussion 1

What other ways, besides relevant costs, could be used to analyze a make-or-buy decision?

Grand Canyon AMP 415 Module 6 Discussion 2

How is relevant costing used in decision making? What would the relevant costs be in deciding whether to discontinue a segment of business? What would the relevant costs be in deciding how to optimize the use of a constrained resource?

Grand Canyon AMP 415 Module 7 Discussion 1

What is a static budget? What is a flexible budget? Which is more useful, and why?

Grand Canyon AMP 415 Module 7 Discussion 2

Consider your current position, or consider a job that you might like to have in the future. Describe how budgeting might impact you in that role.

Grand Canyon AMP 415 Module 8 Discussion 1

What is the difference between a value-added and a non-value-added cost? Give an example of each. Participate in follow-up discussions by reviewing your classmates’ posts and expanding upon what they have written regarding value-added and non-value-added costs.

Grand Canyon AMP 415 Module 8 Discussion 2

What is the product life cycle? How does it impact pricing decisions?