Devry ACCT 504 DQ questions week 5 & 6

Week 5: Long-Lived Assets
and Liabilities, and Time Value of Money – Discussion

Plant Assets and Intangibles (graded)

Companies
have a significant amount of investment in long-lived assets, which include
property, plant and equipment (commonly referred to as Plant Assets), and
intangible assets.

Let’s begin by talking about plant assets. Can you tell us what kind of plant
assets are used in your company or place of business? Do you have an estimate
of the amount invested in those plant assets?Week 5: Long-Lived Assets
and Liabilities, and Time Value of Money – DiscussionAccounting for Liabilities (graded)

In this
area, we will discuss different types of liabilities and understand how to
account for and report those liabilities.

Why are liabilities classified on a balance sheet as current and non-current?
Who wants to know? What is the benefit of knowing this information?Week 6: Stockholders’
Equity and Statement of Cash Flows – Discussion

Accounting for and Reporting Equity (graded)

Stockholders’
Equity is an important heading in a corporate balance sheet. Let’s begin the
discussion of stockholders’ equity by asking: How is the stockholders’ equity
section of a corporate balance sheet different from that in a single-owner
business? Anybody?

Week 6: Stockholders’
Equity and Statement of Cash Flows – DiscussionStatement of Cash Flows (graded)

The
statement of cash flows is an important financial statement that is required
to be released along with the income statement and balance sheet by every
publicly traded company. We did not have this requirement prior to the year
1988.

Let’s begin our discussion by asking this question: When we already have the
income statement and balance sheet to tell us about the financial performance
and financial health of a company, why was there a need to require companies
to prepare a statement of cash flows? Anybody?