Devry ACCT 301 (Essentials of Accounting);Complete Course Discussions Questions;Week 2;Internal Controls - Discussion;Describe what you think is the most important control activity that a company can implement. Why do you think that the one you chose is the most important?;Describe one of the three elements that are present when fraud occurs. Of the three elements, which do you think is present first in an ethical situation?;Week 3: Financial Statement Analysis ? Discussion;Horizontal and Vertical Analysis (Graded);Ratio Analysis (graded;Week 4: Managerial Accounting - Discussion;Managerial Accounting (Graded);This week, we are shifting our focus from financial accounting to managerial accounting.;How do the content and verification of the reports differ between managerial and financial accounting?;CVP Analysis (Graded);What is CVP analysis? How is it useful to managers?;Week 5;Week 5: Budgets and Productivity - Discussion;Incremental Analysis (Graded);What is incremental analysis? How is it used by management?;Relevant Costs (Graded);Our lecture states that relevant costs can also be viewed as avoidable costs. What does this mean? This is a very difficult concept, so help your classmates understand;Week 6;Week 6: Pricing - Discussion;Budgeting (Graded);Why is budgeting important for a company? What are some reasons that a company would not prepare a budget?;Responsibility Accounting (Graded);Describe responsibility accounting and its purpose. What conditions are necessary for responsibility accounting to be used effectively?;Week 7;Week 7: Capital investment and Incremental - Discussion;Capital Budgeting (Graded);Discuss the capital budgeting process and the inputs that are used in capital budgeting.;Transfer Pricing (Graded);What is the transfer price? Why is determining a fair transfer price important for division managers?
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