ACCT 100 Week 1 Discussion

ACCT 100 Week 1 Discussion | Assignment Help | american-public-university-system

Week 1 Forum

Please address both categories in your post.

Category A - Please select and discuss one of the following issues:

•           Explain why accounting is important and list the users of accounting information

•           Describe the organizations and rules that govern accounting

•           Describe the accounting equation and define assets, liabilities, and equity

•           Explain how the accounting equation can be used to analyze transactions

Category B - Please select and discuss one of the following issues:

•           Explain accounts as they relate to the accounting equation and describe common accounts

•           Define debits, credits, and normal account balances using double-entry accounting and T-accounts

•           Describe the recording of transactions in a journal and how journal entries are posted to the ledger

•           Explain the trial balance and illustrate how it is used to prepare financial statements

Your initial post must be in your own words and be supported with a reference.  Post at least two peer responses further discussing and exploring the materials covered this week.

Adhere to Forum Grading Requirements as detailed below.

Forum Instructions

Students must post a main response to the weekly discussion question by Day 3, and at least two replies to other students by Day 7. Active participation is required by replying to classmates during the week of discussion. Therefore, replies after the end of the each week will not be graded. The forums are for student interaction and submitting input after the end of the week serves no learning objectives and does not constitute as participation. Students should demonstrate their own knowledge in the forums and avoid copying and pasting from web sites. Responses will be graded directly from the Forums.

Make sure you are using credible sources in your discussions and assignments. Scholarly journals are the preferred source of credible/quality references. These consist of peer-reviewed articles published in academic journals related to the field, which are found via our Library.  Websites such as Investopedia, ask.com, answers.com, or dictionary-type of websites limit the insight to the topics. Wikipedia is not acceptable as it is not a reliable or credible source of reference. The purpose is to bring in new information and how does it apply to our topic from a real-world perspective, instead of extending on definitions that are found in the book.

More information what a credible source consists of can be found here:  http://writingcommons.org/evidence/supporting-sources/630-what-might-be-a-more-credible-reliable-source.