Question;DiscussionsTo participate in the following discussions, go to this week'sDiscussion link in the left navigation.Cash Flows InformationWhat information does the cash flow statement provide that you cannot see in the other financial statements (income statement, balance sheet, owner?s equity)? What elements of the cash flow statement do you think are most important for company management to monitor and why? Is this different for investors?Guided Response:Review your peers? posts. Respond to at least two of classmates, letting them know whether you agree with the use of the cash flow statement and why. Additionally, share elements of the cash flow statement that you see as being the greatest interest to investors (as opposed to internal management) and why.Apple's Cash FlowGo to http://finance.yahoo.com. Enter in ?AAPL? and click on the ?get quote? button, and it will bring up information on Apple. On the left hand side you?ll see a section on Financials. Within that section, click on the cash flow. Review the cash flow statement for Apple. How would you summarize Apple?s cash flow position and what does this statement tell you about where the money is coming from and where it?s going? What should Apple do to improve its cash position and why?Guided Response:Analyze several of your peers? posts. Respond to at least two of your classmates, letting them know whether you agree with their posts and what you would add.Discussions week 2To participate in the following discussions, go to this week'sDiscussion link in the left navigation.Stock FeaturesWhat is "callable preferred stock"? Why do corporations issue such stock? Given the different features that are associated with stock (callable, cumulative, preferred, etc.), what type of stock would you want to buy personally and why?Guided Response:Review your peer?s responses. Respond to at least two of your peers, letting them know if you agree with their type of desired stock and whether your answer would change and why based on:a. Different economic conditions and b. Stage of the company (if the company is in a growth phase versus a mature state).Role of Management AccountingReview the roles of management accounting within a company. What is the most important role of management accounting? How is that different than financial accounting?Guided Response:Review your peers? posts. Respond to at least two of your classmates, and provide at least two areas that management accountants focus on that your classmates didn?t include.Discussions week 3To participate in the following discussions, go to this week'sDiscussion link in the left navigation.Issues in CostingDescribe three issues/problems that a company could encounter when trying to determine the actual cost of a good or service to be used in the cost of goods sold. For each of your issues, provide an example of a company or industry where these issues could be present.Guided Response:Review your peers? posts and respond to at least two of your classmates. Describe how job order costing or activity-based costing could resolve the issues your classmates mentioned in their posts.CVP and the Airline IndustryWe?ve all experienced (or heard about) the challenges that the airlines have been facing. Read the Zacks Investment Research article, ?Airline Industry Stock Outlook ? August 2012.? Identify three factors that are affecting airline company?s ability to break even. For each of your factors, discuss how these have an impact on the breakeven (contribution margin, fixed costs, variable costs, a combination, etc.), and what happens if these factors increase or decrease.Guided Response:Review your peers? posts and respond to at least two of your peers. In each response, add two factors that your classmate hasn?t included and explain how your additional factors influence the break-even point. Discussions week 4To participate in the following discussions, go to this week'sDiscussion link in the left navigation.Issues in Standard Costs and BudgetingReview theStandard costs: wake up and smell the coffee.[j1] article.When evaluating performance, many organizations compare current results with the actual results of previous accounting periods. Is an organization that follows this approach likely to encounter any problems? Explain.Guided Response:Review your peers? posts and respond to at least two of your classmates. Describe how job order costing, process costing, or activity based costing could resolve or exacerbate the issues your classmates discussed in their initial posts.Flexible BudgetsFlexible budgets provide different information than static budgets. Discuss some of these differences. Is a flexible budget always better? Are there times when you?d recommend using a static budget over a flexible budget?Guided Response:Review your peers? posts and respond to at least two of your classmates. Discuss whether you agree or disagree with the uses of a flexible budget and why.Discussions week 5To participate in the following discussions, go to this week's Discussion link in the left navigation.Long-Term Decision MakingList a few of the issues and considerations businesses should have when it comes to the selection of long-term investments and how those issues impact the various financial statements.Guided Response:Review your peer?s posts. Respond to at least two of your peers describing how these issues can be overcome by the tools discussed in this chapter and why (i.e., looking at IRR, NPV, cash flow).Responsibilities in Management AccountingReview the Rights and Responsibilities of Certified Management Accountants Article: Rights & Responsibilities of a Certified Management Accountant[j1]What are some of the ethical responsibilities and obligations that management accountants have within an organization? Provide some examples. Are these responsibilities different than the obligations for financial accountants?Guided Response:Review your peer?s posts. Respond to at least two of your peers outlining the responsibilities that you feel are the most important to management accountants.
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