Ashford Bus 591 Entire Course Financial Accounting & Analysis

1877 Words Jan 2nd, 2015 8 Pages
ASHFORD BUS 591 Entire Course Financial Accounting & Analysis
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Week 1
Downloading Link For Week 1 ASHFORD BUS 591 Week 1 DQ 1 Generally Accepted Accounting Principles (G.A.A.P.)
Generally Accepted Accounting Principles (G.A.A.P.). Briefly discuss Generally Accepted Accounting Principles or G.A.A.P. What are they? What is their purpose? Name the U.S. and international standard-setting bodies that established these principles. Are all companies required to follow these principles? Why or why not?
Your answer should illustrate understanding of generally accepted accounting
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Submit your work to your instructor by the posted due date. Show all your work in order to earn full credit
Week 2
Downloading Link For Week 2

ASHFORD BUS 591 Week 2 DQ 1 Debits and Credits
Debits and Credits. Define debits and credits and explain how they are used to record business transactions. Is it true that debits always increase and credits always decrease? Why or why not?
Respond to at least two of your classmates’ posts.
ASHFORD BUS 591 Week 2 DQ 2 Revenue & Expense
Revenue & Expense. Review the section called “Investor Insight” in Chapter 3 of your text which shows the major revenue and expense accounts of the Chicago Cubs baseball team. Considering the huge increase in professional baseball players’ salaries in the last decade, what do you think has happened to total expenses and net income of professional baseball teams? If net income has not decreased, what has been done to offset the higher salaries? Should fans be expected to pay higher prices for ‘America’s national pastime’ to help offset the costs of higher salaries? Respond to at least two of your classmates’ posts
ASHFORD BUS 591 Week 2 Homework Problems
Week Two Homework Problems. Complete Workbook Template Week Two or you may find the problems 3-2B on page 150 and 3-5B on page 151

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