ACC 100 COMPLETE WEEK DQ LATEST-STRAYER
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ACC 100 Week 1 Discussion Latest-Strayer
Week 1 DQ
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.
ACC 100 Week 2 Discussion Latest-Strayer
Week 2 DQ
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.
Provide support for your conclusion.
ACC 100 Week 3 Discussion Latest-Strayer
Week 3 DQ
Watch Accounting WITT’s video titled “Cash and Accrual –
Conceptual”:
Click here to open the video in a new window.
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.
Justify your response.
ACC 100 Week 4 Discussion Latest-Strayer
Week 4 DQ
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.
Justify your response.
ACC 100 Week 5 Discussion Latest-Strayer
Week 5 DQ
Watch BNET Video’s video titled “Modernizing Inventory
Management” on modernizing inventories as used by Cole Hardware:
Click here to open the video in a new window.
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.
ACC 100 Week 6 Discussion Latest-Strayer
Week 6 DQ
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.
Provide support for your response.
ACC 100 Week 7 Discussion Latest-Strayer
Week 7 DQ
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.
ACC 100 Week 8 Discussion Latest-Strayer
Week 8 DQ
Employee theft is a major problem in the U.S. retail industry.
Information obtained from Security Info Watch 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”:
Click here to open the video in a new window.
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.
ACC 100 Week 9 Discussion Latest-Strayer
Week 9 DQ
Watch A. Mursau’s video titled “Accounts Receivable Bad Debt
Expense (Direct Write Off Method Vs Allowance Method)”:
Click here to open the video in a new window.
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.
ACC 100 Week 10 Discussion Latest-Strayer
Week 10 DQ
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.
ACC 100 Week 11 Discussion Latest-Strayer
Week 11 DQ
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.)
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