“Valuable Course Aspect.” Students will respond to the following:
o Discuss the most valuable aspect of this course to you and how you plan to apply it to your personal life.
Discussion 2: “Concepts of the Course.” Students will respond to the following:·
o Analyze how the concepts of this course can be applied to your current or future work position.
The price-earnings ratio of General Motors (automobile) was 8, and the price-earnings ratio of Microsoft (computer software) was 38. Which company did the stock market favor? Explain.
Raphael Ochoa is puzzled. His company had a profit margin of 10% in 2008. He feels that this is an indication that the company is doing well. Cindy Lore, his accountant, says that more information is needed to determine the firm’s financial well being. Analyze the situation and determine who is correct and support your position.
Lecture on ratios used in analyzing liquidity, profitability, and solvency; earning power and how irregular items are presented and quality of earnings.·
Discuss the importance of the statement of cash flow. Discuss the decisions that are made based upon this information.
Discussion 2: “Usefulness of the Statement of Cash Flow.” Students will respond to the following:
o Recommend an innovative way that the statement of cash flow may be useful when making business decisions.
“Use of Depreciation.” Students will respond to the following:·
o In a recent newspaper release, the president of Keene Company asserted that something has to be done about depreciation. The president said “Depreciation does not come close to accumulating the cash needed to replace the asset at the end of its useful life.” What is your response to the president?
“Selling Receivables.” Students will respond to the following:
o An article recently appeared in the Wall Street Journal indicating that companies are selling their receivables at a record rate. Discuss the reasons why a company may want to sell its receivables and the advantages and disadvantages of this practice.
The accuracy of accounting records is enhanced by the integrity of internal controls. Comment on this statement and provide justification for it. Include illustrations of how this does or does not apply.
Discuss why it is necessary for accountants to assume that an economic entity will remain a going concern. If an entity was perceived to be short term, what effect would that have on the accounting system?
Analyze the seven concepts of the total quality management philosophy and then assume you can only have six. Discuss which concept you would leave out, why, and the most likely impact of this revised philosophy on operations management overall. Provide specific examples to support your response.
From the e-Activity, discuss what the company you selected is doing in terms of TQM and make at least one recommendation for improvement. Explain your rationale.
Discussion 1: “Steps in the Accounting Cycle.” Students will respond to the following:
o The steps in the accounting cycle for a merchandising company are different from the accounting cycle for a service company. Discuss whether or not you agree or disagree.
o Determine whether or not the measurement of net income for a merchandising company conceptually is the same for a service company.
Lecture on determining inventory quantities, inventory costing, and inventory errors.·
Discussion 2: “Successful Business Operations.” Students will respond to the following:·
o The key to successful business operations is effective inventory management. Discuss how this affects the financial statements of a business as a whole.
Choose two payers (e.g. Blue Cross/Blue Shield & Medicaid). Compare and contrast the requirements and differences in the fields required for these two payers. Finally, what 2-3 items would you double check to ensure you have a “clean claim” prior to submitting for the reimbursement?