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?;Q2;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);Go to Yahoo! Finance at the following URL: http://finance.yahoo.com/. Enter the name of your favorite public company in the box in the upper left-hand corner, and click on Get Quotes. Click on the income statement or balance in the bottom left-hand corner of your favorite company. Perform a horizontal or vertical analysis of one of the line items on its income statement or balance sheet. What does this information tell you?;Ratio Analysis (graded);Go to Yahoo! Finance at the following URL: http://finance.yahoo.com/. Enter the name of your favorite public company in the box in the upper left-hand corner, and click on Get Quotes. Explore the information given for your favorite company by clicking on the links on the left-hand side of the screen. What information do you find interesting?;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: 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 it!;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: 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?;Week 8: Final Exam - Discussion;Looking Ahead (not graded);Class, looking back over the Terminal Course Objectives for this course, what are you looking forward to learning more about throughout your education and career?
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