QUESTION OF THE DAY
10pts daily, due by the end of class.
Every day, class will start with a "Question of the Day". You should do your best to write a complete response (25 word minimum) to the question and EMAIL it to me. If you aren't sure about what to write, please ask! No credit will be given for late QODs, unless you were absent that day.
Monday, March 4: When totaling up a worksheet, the columns for Income Statement and Balance Sheet don’t match. Why? What does the difference represent?
Tuesday, March 5: What are the three Financial Statements that we have been preparing for businesses so far? What does each one tell us?
Wednesday, March 6: If you owned a restaurant, what are some of the things that you would want to keep track of as you manage your business?
Thursday, March 7: Explain the difference between temporary accounts and permanent accounts.
Friday, March 8: What are the 7 steps in the accounting cycle … in the correct order?
Monday, March 11: What are JOINT VENTURES? Why do you think that some businesses decide to partner up with each other? Try to come up with several examples.
Tuesday, March 12: Explain the purpose of ADJUSTING entries and CLOSING entries in your own words.
Wednesday, March 13: How do you feel about the test today?
Thursday, March 14: Today you’ll be working on a COMPLETE accounting problem … from journalizing all the way through a post-closing trial balance. How comfortable do you feel with everything we’ve learned so far?
Friday, March 15: How did you do getting started on the Absolute Advantage problem yesterday? Is it all coming together for you now?
Monday, March 18: FSJ is ¾ over … 3 reflection questions: (1) What’s the most useful thing you’ve learned? (2) What’s your favorite memory? (3) What are you looking forward to in Q4?
Tuesday, March 19: We are just about half-way done with accounting. How confident are you feeling in your abilities?
Wednesday, March 20: No QOD (SLO/Exam)
Thursday, March 21: We are going to start learning about accounting for merchandising businesses. So, what exactly is a MERCHANDISING business?
Friday, March 22: What is the main difference between merchandising businesses and service businesses?
100pts weekly, due by Sunday at midnight.
Every week, you will be responsible for finding a recent news article which relates to a relevant business, finance, or entrepreneurship topic. The criteria include:
A 250 word paragraph that (1) summarizes your article, (2) explains how it relates to class, and (3) provides your own personal reflections on the topic.
Typed in MS Word or Google Docs and attached to an email.
Use MLA format for the paper and cite your source.
- No credit will be given if your current event does not meet all of these criteria.
Example of Current Event in MLA Format
Yahoo Business: //news.yahoo.com/business/
CNN Money: //money.cnn.com/
Fox Business: www.foxbusiness.com/index.html
NBC Business: www.nbcnews.com/business#/
ABC Business: //abcnews.go.com/business
CBS MoneyWatch: www.cbsnews.com/moneywatch/
Fast Company: www.fastcompany.com
Young Entrepreneur: www.youngentrepreneur.com
Wall Street Cheat Sheet: //wallstcheatsheet.com/
Tax Information for Students (Resource): //www.irs.gov/individuals/students/index.html
Ohio Society of CPAs: www.ohiocpa.com
American Institute of CPAs: www.aicpa.org
View my Flipboard Magazine.