ACC 220 (Survey of Accounting the Maze of Numbers)
ACC 220 Week 3 DQ 1
ForDiscussion Question 1: Post your 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 DQ2
For Discussion Question 2: Post 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 3 Assignment:
ACC 220 Week 3 Checkpoint (Classified Balance Sheet)
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