Acc 291 Week 2 Reflection Summary

" Reflection Summary"

Week 2

ACC/291

In last week readings, this is what each of my Team members learned:

We stated, it was a great experience learning about the basic issues that related to accounting for intangible assets. I also gained knowledge of the differences between revenue expenditures and capital expenditures within a company's financial statements. I just realize how important these basic issues are to the companies financial status. There are many businesses that have no earned income, which will be a liability to the company. I do seem to have great knowledge on intangible assets just by listening and comprehending in the readings and class discussion. There has been so much I have learned within in the first week of class. We the class was...