QUESTION OF THE DAY
10pts daily, due by the end of class.
Every day, class will start with a "Question of the Day". You should do your best to write a complete response (25 word minimum) to the question and EMAIL it to me. If you aren't sure about what to write, please ask! No credit will be given for late QODs, unless you were absent that day.
Monday, April 29: Today, we’ll start working on adjusting entries in a worksheet. What are some of the adjusting entries you remember making last quarter?
Tuesday, April 30: Today and tomorrow, we are going to focus on the merchandise inventory account. Why is this topic so important for merchandising businesses?
Wednesday, May 1: What’s the difference between the FIFO, LIFO, and Weighted Average methods of determining the cost of inventory?
Thursday, May 2: What do you think is mean by “uncollectible accounts”? Why are some accounts uncollectible?
Friday, May 3: At what point do you think a business should give up on collecting a debt and write off the AR? Does it matter how much the customer owes?
Monday. May 6: Give a brief review of the process of accounting for inventory and uncollectible AR…
Tuesday, May 7: How did the comprehensive problem go yesterday? Are you on track for completing it today??? (if not, please talk to me about how I can help you get it done)
Wednesday, May 8: What is the purpose of depreciation? How have we calculated depreciation expense up until now?
Thursday, May 9: What's on your mind today?
Friday, May 10: We’ve now learned enough for you to tackle any of these events: Fundamental Accounting, Advanced Accounting, and Payroll Accounting. Do you think you’ll try one next year?
Monday, May 13: We’re going to learn how to calculate federal taxes for a corporation. Why do you think we never had to calculate taxes for a sole proprietorship?
Tuesday, May 14: What is the biggest difference between the financial statements for corporations and sole proprietorships?
Wednesday, May 15: As we start to review everything we’ve learned in accounting this semester, what do you think was the trickiest thing we’ve done?
Thursday, May 16: It’s our last Thursday of the year together … and we have our year-end party tomorrow. What are you bringing to share for the party?
Monday, May 20: It’s your last QOD of the year … so you pick what you want to talk about.
100pts weekly, due by Sunday at midnight.
Every week, you will be responsible for finding a recent news article which relates to a relevant business, finance, or entrepreneurship topic. The criteria include:
A 250 word paragraph that (1) summarizes your article, (2) explains how it relates to class, and (3) provides your own personal reflections on the topic.
Typed in MS Word or Google Docs and attached to an email.
Use MLA format for the paper and cite your source.
- No credit will be given if your current event does not meet all of these criteria.
Example of Current Event in MLA Format
Yahoo Business: //news.yahoo.com/business/
CNN Money: //money.cnn.com/
Fox Business: www.foxbusiness.com/index.html
NBC Business: www.nbcnews.com/business#/
ABC Business: //abcnews.go.com/business
CBS MoneyWatch: www.cbsnews.com/moneywatch/
Fast Company: www.fastcompany.com
Young Entrepreneur: www.youngentrepreneur.com
Wall Street Cheat Sheet: //wallstcheatsheet.com/
Tax Information for Students (Resource): //www.irs.gov/individuals/students/index.html
Ohio Society of CPAs: www.ohiocpa.com
American Institute of CPAs: www.aicpa.org
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