SAINT ACC498 all module discussions [ module 1 to 8 ]

module 1

Discussion question 1

Which of the major financial statements do you think is the most
important? In other words if you were looking at investing in a company
which financial statement would you look at first? You can even break
it down to one part of a financial statement. I will give my answer at
the end of the module. module 2

Discussion question 2

You are talking to someone who knows nothing about generally
accepted accounting principles. Explain to this person what GAAP is.
Also explain the difference between accrual and cash-basis accounting.
are there certain businesses that would more then likely use cash-basis
accounting?
module 3Discussion question 3

Explain what a contingent liability is and how it affects
corporations. Also describe retained earnings and how it is affected by
dividends. What is the main differences between equity and
liabilities?module 4

Discussion question week 4

Explain what an intangible asset and why they are so important.
Also name and explain some of the more common intangible assets.module 5Discussion question week 5

Explain what an extraordinary item is and how you account for it.
Also explain how you account for a discontinued operation.
mosule 6Discussion question 6

Describe the statement of cash flows. Is there any part that is more important then the others.

mod 7

Discussion question 7

Explain the importance of liquidity. What are the more important
ratios? Is there one that is your favorite?
mod 8

Discussion question week 8

Describe equity valuation and how you may use it in your future.