ACC 291 Week 5 Discussion Questions and Responses –
TUTORIAL: Includes guides for INITIAL RESPONSE to discussion questions DQ1 through DQ4 and guides for STUDENT RESPONSES to other students for all discussion questions.
Individual Assignment: Discussion Questions
1) Why are companies required to prepare a statement of cash flows?
2) What are the three sections of the statement of cash flows and what does each section tell you about the operations of a company?
Class, the statement of cash flows is the only required financial statement that is not prepared from an adjusted trial balance. What are the sources of information for preparing a statement of cash flows? Explain how the accrual basis of accounting affects the statement of cash flows.
Horizontal and vertical analyses are analytical tools frequently used to analyze financial statements. What type of information or insights can be obtained by using these two techniques? Explain how the output of horizontal analysis and vertical analysis can be compared to industry averages and/or competitive companies.
Now that we are nearing the end of this class, tell me what did you find the most and least interesting in this class (this could be subject matter or particular assignments, how the class was facilitated or anything else related to the class).
Each week, there were Articles posted on eResource for you to read. Pick the one that you liked the best and do a one-paragraph synopsis about the article and what you found important about it.
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