1. Complete exercise 6-4 and exercise 6-7 on page 231/232 of your text
2. Explain how expense recognition choices and industry characteristics affect financial performance
PROFESSOR’S GUIDANCE FOR THIS WEEK’S LE:
There are two questions to answer this week. The responses are straight forward so ensure that you also include specific examples for a specific industry that you may choose to explain. Financial decision making can very much affect accounting measures and overall performance of a firm. It is an art in choosing when and how to recognize both revenues and expenses — many are mandated by GAAP, however some choices are up to management. For example the buy/lease decision, of the ability to depreciate certain long term assets can affect net income.
Think about these choices, read your text, and conduct research prior to answering the weekly LE discussions. Also, be on time: posting your initial LE response on the weekend is too late! Students must have time to read your response and answer.
Be sure to proofread carefully (Use Grammarly – the premium version! Make sure your writing score is more than 90) and cite your sources (APA 7.0 ed).
- Post your 100-200 word answers
- Offer at least two 100-200 word comments (replies) to posts from your peers discussions
You will be graded using the following rubric and standards.
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