ACC220 All DQs (Week 1,3,5,7 & Week 9 Capstone DQ)

ACC 220 All DQs (Week 1,3,5,7)Discussion QuestionsWeek 1:DQ 1Due Date: Day 2 [post to the Main forum]Post your response to the following: Based on what you know about accounting, what role do you see it playing in business operations? How dependent do you think a business is on its accounting department? Why?DQ 2Due Date: Day 4 [post to the Main forum]Post your response to the following: Why are ethics so important in the field of accounting?Week 3:DQ 1Due Date: Day 2 [Main] forumPost your response to the following:o When reviewing a financial report, why should information be reliable, relevant, consistent, and comparable?o In other words, why are these accounting characteristics important?o What kinds of problems could be created if a financial report is not reliable, relevant, consistent, or comparable?DQ 2Due Date: Day 4 [Main] forumPost your 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 5:DQ 1Due Date: Day 2 [Main] forumPost your response to the following: How would you describe the difference between financial and managerial accounting? What are the distinguishing features of managerial accounting?DQ 2Due Date: Day 4 [Main] forumPost your response to the following: Select a management function (planning, directing and motivating, or controlling) and explain how that function relates to business as a whole. Next, select a different function listed by a classmate. Discuss with your classmate how the functions you each selected complement each other.Week 7:DQ 1Due Date: Day 2 [Main] forumPost your response to the following: You know how important it is to create budgets for your household. How does budgeting help management make good business decisions?DQ2Due Date: Day 4 [Main] forumPost your response to the following: What are some of the different types of budgets? Describe in detail one type of budget covered in the text. Describe what the budget is used for and what information it provides a business. Then, as you respond to your classmates, discuss how the budget you described relates to the budgets they described. Discuss how a business benefits from each of the budgets.Week 9Capstone DQThink back over what you have studied and learned in this course. Do you have a new perception of or appreciation for the field of accounting and how it contributes to business? Explain.