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Assignment 1: The Role of Accounting on Business and Our Society




Question;Assignment 1: The Role of Accounting;on Business and Our Society;Due Week 8 and worth 240 points;Accounting increases a student's;preparedness to understand complex business concepts and the rationale managers;use to make financing decisions. It is a business discipline that allows;companies to analyze, record, and retrieve critical financial information that;can be used to determine a company's financial status, and provide reports and;insights that are needed to make sound financial decisions.;Use the Internet or the Strayer;Online database to research relevant accounting information to respond to the;questions in the assignment.;Write a two to three (2-3) page;paper in which you;Describe the purpose of each financial statement.;Determine which one (1) is the most effective in communicating the;financial health of an organization. Defend your position.;Compare the major functions of an accountant to that of;a certified public accountant. Make an argument for and against the;importance of accounting and accountants in our society from a U.S. or;global perspective.;Imagine that you have decided to create your own;business venture. Determine whether the company will be a service or;merchandising company. Describe the differences between the charts of accounts;for both companies.;Based on the company that you selected in 3, make an;argument for automating the accounting process, and implement at least;three (3) types of internal controls to prevent or detect theft or;fraud.;Your assignment must follow these;formatting requirements;Be typed, double spaced, using Times New Roman font;(size 12), with one-inch margins on all sides, citations and references;must follow APA or school-specific format. Check with your professor for;any additional instructions.;Include a cover page containing the title of the;assignment, the student?s name, the professor?s name, the course title;and the date. The cover page and the reference page are not included in;the required assignment page length.;The specific course learning outcomes;associated with this assignment are;Identify and explain the fundamental concepts and;principles in accounting, the components of the accounting equation, the;primary financial accounting equation, and financial statements and;reports.;Use technology and information resources to research;issues in financial accounting.;Write clearly and concisely about financial accounting;using proper writing mechanics.


Paper#40526 | Written in 18-Jul-2015

Price : $31