ACC 561 Week 1 DQs
DQ 01:
What do you find interesting about each of the four financial statements, which include balance sheets, income statements, statements of cash flows, and statements of owners’ equity?
DQ 02:
Accounting is often called the “language of business”. Why do you think accounting is called the language of business?
DQ 03:
Why are the financial statements important to internal users such as employees, managers and directors of a company?
DQ 04:
If you are an investor in a company, which statement do you look at first and why?
DQ 05:
How do accountants and accounting help to connect to the numbers? What tools are used to accomplish this?
DQ 06:
The income statement is ongoing meaning that it measures a company’s performance over time, (1 month, 3 months, a year): What are some questions that are answered by the income statement?
