Principles Of Accounting And Asset Investments

CSU Principles Of Accounting And Asset Investments Questions

1. Reflect on this first lesson, and share your thoughts as to why accounting information is so important to managing a business. What benefits does an accounting information system provide to stakeholders? 

2. Review the balance sheet for a firm that you either currently work for or have an interest in, and reflect on the two assets discussed in this lesson (receivables and long-lived assets). What considerations would you have for the business regarding each asset account? 

3. Assume that you are planning on opening your own new business. Now, consider the structure of a corporation and the financial implications of incorporation. If you were to start this new business venture, what factors would you need to take into consideration to determine if you want to incorporate or not? Explain your rationale, detailing the specific effects or ramifications for your particular business. 

4.Reflect on this lesson, and share your thoughts as to the role of investments on a corporation balance sheet. What considerations would you have in your business as you consider short-term and long-term investments? What are the advantages that you see from one rather than the other?