ACC 400 Week 1 DQS


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ACC 400 Week 1 DQS

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DQ 1
 
What is an example of a significant accounting estimate? What is the importance of these estimates? How do ethics play into the decision-making process? Which financial statements include significant accounting estimates? Why?
 
 
DQ 2
 
What are internal controls? Why do companies need them? What are some examples of internal controls? Who is responsible for developing internal controls?
 
DQ 3
 
What is a current asset? What is a noncurrent asset? What is the difference between the two types of assets? In which financial statement would you find these assets?
 

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