Principles of Accounting 1 DQ1 International Financial Reporting Standards   International Financial Reporting Standards   (IFRS)                WGEED IFRS are considered to be more “principles-based” than U.S. GAAP, «which is considered to be more “rules-based.” For example, U.S. GAAP consists of approximately 17,000 pages, which include numerous industry-specific accounting […]

Business Communications DQ1 Interaction & Trends Discussion Question   Which of the current trends in business communication from the infographic did you find most surprising and why?   Describe the most memorable communication interaction you have ever experienced. For example, this might have been with a teacher, coach, entertainer, friend, speaker, boss, etc. It could […]

Business Communications Not only does a strategic plan help you identify goals and the actions necessary for reaching those goals, but it also helps effectively communicate the process and progress of your idea to others. The strategic plan further enables you to check your progress to ensure you regularly identify your weaknesses in time to […]

Business Communications Locate an article in a publication relevant to the product or service you have created and evaluate it for reliability using the handout for Evaluating Sources in the Module 6 Lesson. Before you begin, review How to Write an Article Review – Tips and Explanation (Links to an external site.), for an understanding […]

Business Communications Team: congratulations! Your email from Step 7 has persuaded your investor to fund your business project! To follow up, Step 8 engages in you in four parts. You will complete these four parts as individuals, but then collaborate to determine what or which elements of each team member’s contribution you will use moving […]

Business Communications Team: this step has two parts. Please be sure to address each one completely. Additionally, please be mindful of your new communication plan, which you would have completed in STEP 6 based on the resolution plan created for any instances of communication conflict you experienced in the preceding Modules.   The two parts […]

Principles of Accounting 1 Purchase order   Physical inventory   Receiving report   Subsidiary inventory ledger   Question 2First in, first out (FIFO)    Last in, first out (LIFO)    A. A method of inventory costing based on the assumption that the most recent merchandise inventory costs should be charged against revenue.   Weighted average […]

Principles of Accounting 1 Asset turnover   Cost of merchandise sold   Gross profit   Merchandise inventory   Operating cycle   Sales   Inventory Shrinkage/Shortage   Question 2Cash refund   Credit memorandum   Credit period   Credit terms   Customer allowance   O. Returns to the seller by the customer or reductions from the initial […]

Accrual   Accrual Basis of Accounting   Adjusting Entries   Adjusting Process    Cash Basis of Accounting   Deferral    Expense Recognition Principle   Matching Principle   A concept of accounting in which expenses are matched with the revenue generated during a period by those expenses.   Prepaid Expense   Revenue Recognition Principle   Unearned […]

Principles of Accounting 1 Accrual   Accrual Basis of Accounting    Adjusting Entries   Adjusting Process   Cash Basis of Accounting   Deferral   Expense Recognition Principle   Matching Principle   A concept of accounting in which expenses are matched with the revenue generated during a period by those expenses.   Prepaid Expense   Revenue […]