ACC 561 All DQs

Week 2

Assessed Discussion Question

In what ways do the elements of the four financial statements (The four main financial statements being: balance sheet, the income statement, the statement of cash flows, and the statement of changes in owners equity.) interact with one another? How might changing one of the financial statements affect the other financial statements? Why is it essential to understand the relationship between the financial statements?

Week 3

Assessed Discussion Question: Aunt Connies Cookies Simulation

Resource: Aunt Connies Cookies simulation

Complete the Aunt Connies Cookies simulation located on the student website.

Reflect on the prerogatives and choices of the manager of Aunt Connies Cookies.

Write a paper in no more than 700 words explaining how Aunt Connies Cookies could use cost accounting systems to determine its product costs.

Week 4

Assessed Discussion Question: Master Budget

The master budget is a detailed and comprehensive analysis of an organizations long- and short-term goals. Identify the major inputs to the master budget and the usefulness of each. Additionally, why would a company need to create a master budget? What are the advantages and disadvantages?