1. Strayer-University ACC-100 Week
Discussions
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ACC 100 Week 1 Discussion
Week 1 Discussion
• Explain The Major Advantages Of A Business Owner With Minimal Accounting Experience
Maintaining The Company's Book. Then Explain The Disadvantages.
• Analyze The Major Impact To The Users Of Accounting Statements If The Statements Are
Prepared In Error.
• Provide Support For Your Position.
http://www.justquestionanswer.com/viewanswer_detail/ACC-100-Week-1-Discussion-Week-1-
Discussion-Explain-41986
ACC 100 Week 2 Discussion
• In your own words, explain the recording process and the accounting equation to someone
who has no accounting experience.
• Then, give your opinion on the elements or areas that might cause the most confusion or be
the most difficult to grasp.
2. • Provide support for your conclusion.
http://www.justquestionanswer.com/question_detail/ACC-100-Week-2-Discussion-In-your-own-
words-explain-41987
ACC 100 Week 3 Discussion
Week 3 Discussion
• Based on the video, explain two (2) advantages and two (2) disadvantages in using both the
cash and the accrual basis of accounting.
• Then, determine the one (1) that you believe provides the most useful financial information to
users.
• Identify at least two (2) types of businesses that would benefit by preparing financial
statements using either the cash or accrual basis of accounting.
http://www.justquestionanswer.com/question_detail/ACC-100-Week-3-Discussion-Week-3-
Discussion-Based-on-41988
ACC 100 Week 4 Discussion
Week 4 Discussion
• Identify and discuss the key steps in the closing process that provide the most opportunity to
make mistakes in processing account transactions. Why did you select these steps and what makes
them confusing?
• Make at least two (2) recommendations for improving the accuracy and reliability of the
information in the gaps that you have identified.
3. • Justify your response.
http://www.justquestionanswer.com/question_detail/ACC-100-Week-4-Discussion-Week-4-
Discussion-Identify-41989
ACC 100 Week 5 Discussion
Week 5 Discussion
• Watch BNET Video's video titled "Modernizing Inventory Management" on modernizing
inventories as used by Cole Hardware:
•
• Explain how Cole Hardware used technology to manage inventory and identify at least two
(2) benefits of the use of this technology by the company.
http://www.justquestionanswer.com/viewanswer_detail/ACC-100-Week-5-Discussion-Week-5-
Discussion-Watch-BN-41990
ACC 100 Week 6 Discussion
Week 6 Discussion
• Use the Internet to research the annual report of at least one (1) merchandising company.
Determine which costing method (Last In First Out [LIFO], First In First Out [FIFO], or weighted
average cost) that is used to record inventory by your selected company.
• Identify the three (3) primary advantages and three (3) primary disadvantages of using the
costing method (LIFO, FIFO, and weighted average) that is used to record inventory.
4. • Provide support for your response
http://www.justquestionanswer.com/viewanswer_detail/ACC-100-Week-6-Discussion-Week-6-
Discussion-Use-the-41991
ACC 100 Week 7 Discussion
Week 7 Discussion
• Imagine you are a consultant hired to convert a manual accounting system to an automated
system.
• Suggest the key advantages and disadvantages of automating a manual accounting system.
• Identify the most important step in the conversion process.
• Provide a rationale for your response.
http://www.justquestionanswer.com/viewanswer_detail/ACC-100-Week-7-Discussion-Week-7-
Discussion-Imagine-41992
ACC 100 Week 8 Discussion
Week 8 Discussion
• Employee theft is a major problem in the U.S. retail industry. Information obtained from
SecurityInfoWatch reported that twenty three (23) major retailers alone apprehended over 1.1 million
shoplifters and dishonest employees, and recovered more than $189 million from these thieves in
2012.
• Watch J. Farrell's video titled "Prevent Employee Theft in Your Business":
5. • Analyzing the information contained in the video, identify at least four (4) internal controls
effective in mitigating employee theft and / or fraud.
• Provide at least two (2) examples of internal controls that could be implemented to reduce
theft in the U.S. retail industry.
• Provide support for your answer.
http://www.justquestionanswer.com/viewanswer_detail/ACC-100-Week-8-Discussion-Week-8-
Discussion-Employee-41993
ACC 100 Week 9 Discussion
Week 9 Discussion
• Watch A. Mursau's video titled "Accounts Receivable Bad Debt Expense (Direct Write Off
Method Vs Allowance Method)":
• Based on the information in the video, discuss the primary advantages and disadvantages of
applying the direct write-off over the allowance method of writing off accounts. Take a position on
whether or not estimating the allowance for doubtful accounts provides the opportunity to distorts
gross income.
• Provide support for your rationale.
http://www.justquestionanswer.com/viewanswer_detail/ACC-100-Week-9-Discussion-Week-9-
Discussion-Watch-A-41994
ACC 100 Week 10 Discussion
Week 10 Discussion
6. • Use the Internet to research an annual report of a retail company.
• Then, imagine you are an investor or creditor; suggest the ratios that you believe would
provide an investor or creditor with the most important information needed to make accurate
predictions about the company’s financial condition. When analyzing a company, is it more important
to compare the ratios to competitors or to the company’s previous history?
• Provide a rationale for your response.
• Note:Students using the online discussion thread must provide a link or instructions to the
researched report
http://www.justquestionanswer.com/viewanswer_detail/ACC-100-Week-10-Discussion-Week-10-
Discussion-Use-th-41995
ACC 100 Week 11 Discussion
Week11 Discussion
• Discuss the advantages of understanding accounting as it relates to your current or future
position. (Consider careers in management, sales, business operations, finance, and business
ownership.)
http://www.justquestionanswer.com/viewanswer_detail/ACC-100-Week-11-Discussion-Week-11-
Discussion-Discus-41996