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, February 10: We’re going to learn a different way of keeping track of accounts today (instead of T-Accounts). What are some of the problems with using T-Accounts?
Tuesday, February 11: Why do you think that business transactions are initially recorded in a journal? Why are transactions posted from the journal to a ledger?
Wednesday, February 12: No QOD.
Thursday, February 13: After journalizing and posting to the ledger, why is it still necessary to prepare a trial balance?
Tuesday, February 18: Tomorrow is our first accounting test. What do we absolutely, positively need to review today?
Wednesday, February 19: How do you feel about the test today?
Thursday, February 20: What’s the difference between a Deferral and an Accrual in your own words? (if you’re not sure … we’ll discuss)
Friday, February 21: What are some of the adjustments that businesses need to make at the end of every month? (hint: one of them relates to supplies)
Monday, February 24: What are the four types of adjusting entries? Hint: DE / DR / AE / AR
Tuesday, February 25: What is the purpose of adjusting entries in accounting?
Wednesday, February 26: Starting today, we're going to start putting adjusting entries into the worksheet before completing the journal entries. Why?
Thursday, February 27:
Friday, February 28:
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
View my Flipboard Magazine.