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