ACC212 Week 2 Discussion (dq1+dq2) Latest 2018 September

ACCT212 Financial Accounting

Week 2 Discussion

DQ1 ACCOUNTING SYSTEM

Students are encouraged to use online collaboration tools to create a submission 2-4 minutes in length, explaining research you have done on the different types of accrual entries and what they mean. Please provide an example that covers the type of entry represented, what it means and why it is being used.

DQ2 COURSE PROJECT

In this graded discussion, we will be examining the operation of the Accounting Information System (AIS) with the use of problems and exercises from your textbook. The goal is to cover all of the requirements to ensure an opportunity for your successful completion of the Course Project. As you complete the requirements of Week 2, you should review the Course Project Overview in Course Home, as you could start work on the Project. The template for the Course Project is located in the Files section.

Let's start with Exercise 2-16A. Select one of the nine financial transactions of the medical practice of Bob Morin, P.C. Develop a journal entry with date and explanation. Post it in this discussion and then conduct peer reviews of your classmates. The next requirement is to select one of the five questions (a-e) and post an answer. Do show your computations.