Week1

The purpose of the discussion questions (DQs) is to allow you as the Learner to demonstrate your understanding of the chapters key learning points and how you might apply them in given situation. Participating in the discussion question forum provides you as the Learner an opportunity to compare your ideas to ideas from others in your class.

Instructions: Using this week’s  key learning points, provide your response to the questions below:

1.  Students of accounting sometimes suggest that teaching more courses in ethics will produce more ethical behavior in accounting.

–  Do you believe this suggestion has merit?

Week 2

The discussion board is an integral part of this course. Discussion questions are outlined in a weekly schedule. You will notice this as you view the first weeks question(s). You may print the questions for ease of use. Topics posted serve the purpose of reinforcing course objectives covered in our readings. This is also a medium where you as classmates are presented with an opportunity to engage in meaningful discourse. Please feel free to post your comments with a team spirit treating the environment as a place where you can benefit from the experience and opinions of each other. 

The purpose of the discussion questions (DQs) is to allow you as the Learner to demonstrate your understanding of the chapters key learning points and how you might apply them in given situation. Participating in the discussion question forum provides you as the Learner an opportunity to compare your ideas to ideas from others in your class. 

Instructions: Using this week’s key learning points, provide your response to the questions.

The purpose of the discussion questions (DQs) is to allow you as the Learner to demonstrate your understanding of the chapters key learning points and how you might apply them in given situation. Participating in the discussion question forum provides you as the Learner an opportunity to compare your ideas to ideas from others in your class.

Instructions: Using the chapters key learning points, provide your answer to the questions below:

 1. The FASB issues new standards on accounting. The implementation date is usually a year from the date of issuance with early implementation encouraged. Jane Durham, chief accountant is discussing implementing this new standard as soon as possible. The CFO however realizes that an early implementation will have a negative effect on the firm’s net income for the year. The CFO discourages the chief Accountant from implementing the standard until the required date.

–  Is the CFO’s action proper? Why or why not? Is there an ethical issue involved? If so how?

week 4

The purpose of the discussion questions (DQs) is to allow you as the Learner to demonstrate your understanding of the chapters key learning points and how you might apply them in given situation. Participating in the discussion question forum provides you as the Learner an opportunity to compare your ideas to ideas from others in your class. 

Instructions: Using this week’s key learning points, provide your response to the questions below;

The Income Statement is a measure of financial performance resulting from the aggregation of revenues, expenses, gains and losses that are not items of other comprehensive income.

Comprehensive income is the change in a company’s equity during a period of time resulting from transactions and other events and circumstances from non-owner resources.  It is therefore the sum of net income and other comprehensive income. 

Required:

–  Considering the two statements above, what do you believe are the advantages and disadvantages of the income statement and why?

week5

The purpose of the discussion questions (DQs) is to allow you as the Learner to demonstrate your understanding of the chapters key learning points and how you might apply them in given situation. Participating in the discussion question forum provides you as the Learner an opportunity to compare your ideas to ideas from others in your class. 

Instructions: Using this week’s  key learning points, provide your response to the questions below 

1. For potential investors earnings quality is usually the first priority when making investment decisions.

–  Do you believe this priority adds to the problem where managers do whatever it takes to deliver acceptable earnings per share?

2. Students of accounting sometimes find it difficult to understand the difference between net income and comprehensive income.

–  What if any fundamental points do you find necessary in the explanation of those differences?

week7

The purpose of the discussion questions (DQs) is to allow you as the Learner to demonstrate your understanding of the chapters key learning points and how you might apply them in given situation. Participating in the discussion question forum provides you as the Learner an opportunity to compare your ideas to ideas from others in your class. 

Instructions: Using this week’s key learning points, provide your response to the questions below:

1. its important to understand revenue recognition and measurement issues and detail required disclosures to revenue recognition.

Why do you believe that some students of accounting have difficulty relating to the concept of accrued revenues and its application to the revenue recognition cycle?

2. Do you feel that the concept in the principle of revenue recognition has at its core the importance of whether to recognize revenue when, or as, each performance obligation is satisfied? And, does that help in its understanding?