BBA DB 3 and 4

Unit 3 DB

Assume that you opened a restaurant in your hometown, and you decided to take the knowledge and skills you learned in this class and be your own accountant. Discuss whether you would prefer to keep your accounting records on a cash basis or an accrual basis. Explain how and why you selected one basis over the other.

Unit 4 DB

Think about the different types of financial statements that you learned about in this unit (i.e., income statement, owner’s equity statement, and balance sheet). If you were an investor, would you place more emphasis on any one particular financial statement? Why, or why not?