ACC 220 Week 3 Survey of Accounting The Maze of Numbers

ACC 220 (Survey of Accounting the Maze of Numbers)Week 3ACC 220 Week 3 DQ 1ForDiscussion Question 1: Postyour response to the following: When reviewing a financial report, why should information be reliable, relevant, consistent, and comparable? In other words, why are these accounting characteristics important?What kinds of problems could be created if a financial report is not reliable, relevant, consistent, or comparable?ACC 220 Week 3 DQ2For Discussion Question 2: Postyour response to the following:How does information from financial reports influence business decisions?Why is it important for business managers to understand the information found on financial reports? Week 3 Assignment:ACC 220 Week 3 Checkpoint (Classified Balance Sheet)