ACC 497 Week 2 Complete

DQ1.What are at least three International Accounting Standards? Are these standards the same as U.S. standards? Explain your response. Is it necessary to have global standards? Explain your response.

DQ2.What are some nonfinancial performance measures? What do they tell us about the performance of an organization? Why is it important for managers to include nonfinancial performance standards in their analysis of their operations?

DQ3.What are some business decisions that managers could make? What tools will they use to make recommendations regarding these business decisions? Why would they use these tools? How will they measure the success of their recommendations?

ACC 497 Week 2 Individual Assignment Financial Statements Paper Part 1

Resources: Appendix A: The Home Depot, Inc. Annual Report in Fundamentals of Financial Accounting

Write a 1,050- to 1,750-word paper in which you answer the following questions:

• What does the Consolidated Statements of Earnings—the income statement—tell you about the company? Why is this statement important? What business decisions could be made using the income statement?

• What does the balance sheet tell you about the company? Why is the balance sheet important? What business decisions could be made using the balance sheet?

• What does the statement of cash flows tell you about the company? What business decisions could be made using the statement of cash flows?

• What information is provided in the statements that will assist you in making these business decisions? What information is not provided that could assist in managerial decision making?

Format your paper consistent with APA guidelines.

ACC 497 Week 2 Learning Team Assignment Case Study Assignment

Resources: Ch. 1 & 2 of Financial Accounting Theory and Analysis: Text and Cases

Write a 350-word response for each of the following cases answering the questions located at the end of each case.

• Case 1-3 Politicization of Accounting Standards in Ch. 1

• Case 1-4 Generally Accepted Accounting Principles in Ch. 1

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