ACC 400 Week 1 DQs For more course tutorials visit www. uophelp. com
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ACC 400 Week 1 Assignment from the Textbook
Complete the following activities from the Financial & Managerial Accounting textbook: BE16.9 E16.1 E16.2 E16.3 E16.6 Click the Assignment Files tab to submit your assignment ==============================================
ACC 400 Week 1 DQs For more course tutorials visit www. uophelp. com
1. What is a current asset? What is a non-current asset? What is the differencebetween the two types of assets? In which financial statement would you find theseassets?
2. What is an example of a significant accounting estimate? What is the importanceof these estimates? How do ethics play into the decision-making process? Whichfinancial statements include significant accounting estimates? Why?
3. What are internal controls? Why do companies need them? What are someexamples of internal controls? Who is responsible for