How accounting could be considered a language of business

Assignment Help Accounting Basics
Reference no: EM132024539

Question: Your original post must be at least 200 words in length. It must reference the text or course learning materials at least once. Please note that even if the question asks for an opinion, you are still expected to support opinions with references to course materials and any other credible academic sources to support your opinions. Do not use Internet sources other than those provided in the course materials. APA format is not necessary for your Discussion Board when citing references, but you are required to acknowledge your resources: In the narrative, describe where information was obtained. For example, "As mentioned in Chapter 2 of the course textbook, prioritizing tasks is..." or "As mentioned in the intellipath lesson for Unit 2..."

Your two response posts must be at least 75 words in length. Responses should contribute to the conversation by being reflective, specific, and engaging. Quick responses (such as "I agree" or "Thank you!") will not be counted as adequate.

Your first contribution must be posted before midnight CST (Central time) on Friday of each week. You must make 2 additional posts-on separate days between Saturday and Tuesday-before midnight CST. The original response and the peer responses can be completed in any order.

For assistance in supporting your assignment, please use your text and all course materials.

Assignment Details

This assignment has 3 parts:

In today's global marketplace, business is conducted on every continent, in different currencies and in many languages. Even so, it is often said that accounting is the language of business.

1. When there are so many other options, why do you suppose accounting would be considered the language of business?

2. If accounting standards differ by country - and some do - what are your thoughts about how the phrase could still be true?

3. Thinking about your experience as a consumer, share an example of how accounting could be considered a language of business.

Reference no: EM132024539

Questions Cloud

What type of financial statement fraud was perpetrated : Choose one case and answer the following questions: What type of financial statement fraud was perpetrated? How did the scheme come to light?
Discuss benefits and consequences that include budgetary : Select a popular public policy topic in your local town or city. Discuss benefits and consequences that include budgetary issues.
Consumption of natural resources by developed countries : Describe the ways in which the business sector places demands on the natural environment (15 marks) and discuss how these demands are being.
Identify stakeholders and roles : Define and analyze the problem to include possible conflicts that include political conflicts.Identify stakeholders and roles.
How accounting could be considered a language of business : Thinking about your experience as a consumer, share an example of how accounting could be considered a language of business.
Interest rates and international capital mobility : Could you help me to explain how the US long term interest rates and international capital mobility affect Australia long term interest rates?
What systems does your organization utilize : You have explored many options for managing data as well as its importance to the overall health of an organization in making well-informed decisions.
How much would my home value increase : An attached file indicates square footage and sales price for multiple houses in the United States.
Describe how the division addresses customer needs : Describe how the division addresses customer needs and achieves competitive advantage. Create a vision and a business model for this new division.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd