Week 2 Discussion
W2 Discussion #1
Accounting
Accounting data is very helpful in the decision-making process. For example, if you were to buy a car you would need to know all the costs associated which includes the costs of your current car, the costs of the new car, and the funds available to cover those costs. The same is true in accounting. All sorts of data is available to help managers make decisions. They can also break that data down into various categories to make it even more useful.
To help you begin to understand the kinds of data that accountants can provide, answer these questions:
1 - What is the difference between an opportunity cost and a sunk cost? Share an example of each with the group.
2 - Define variable, fixed, and mixed costs. Share an example of each with the group.
3 - What is the formula for the contribution margin ratio? How is it useful in the decision-making process?
Accounting
This week, you were asked to access a number of videos and websites. These are great resources to help you learn the materials this week. Consider what type of resource you find most helpful in learning new materials (videos, examples, text, etc). Then consider which topic you struggled with the most this week. Complete an online search for a new resource that will help you with that topic. For example, if you learn best from videos and you struggled with the topic double entry accounting, then complete an online search for “double entry accounting videos”. If you learn best by examples, search for “double entry accounting examples”. Select one of the items you find in your search that you found particularly helpful in learning the topic you struggled with the most and post a summary of the resource and a link to the resource.
INITIAL POST
Cite and summarize the resource.
FOLLOW UP POSTS
W2 Discussion #1
Accounting
Accounting data is very helpful in the decision
-
making process. For example, if you were to buy a car you
would need to know all the costs associated which includes the costs of your current car, the costs of
the new car, and the funds available to cover t
hose costs. The same is true in accounting. All sorts of
data is available to help managers make decisions. They can also break that data down into various
categories to make it even more useful.
To help you begin to understand the kinds of data that accou
ntants can provide, answer these
questions:
1
-
What is the difference between an opportunity cost and a sunk cost? Share an example of each with
the group.
2
-
Define variable, fixed, and mixed costs. Share an example of each with the group.
3
-
What is t
he formula for the contribution margin ratio? How is it useful in the decision
-
making
process?
W2 Discussion #2
Accounting
This week, you were asked to access a number of videos and websites. These are great resources to help
you learn the materials this
week. Consider what type of resource you find most helpful in learning new
materials (videos, examples, text, etc). Then consider which topic you struggled with the most this week.
Complete an online search for a new resource that will help you with that
topic. For example, if you
learn best from videos and you struggled with the topic double entry accounting, then complete an
online search for “double entry accounting videos”. If you learn best by examples, search for “double
entry accounting examples”. S
elect one of the items you find in your search that you found particularly
helpful in learning the topic you struggled with the most and post a summary of the resource and a link
to the resource.
INITIAL POST
Cite and summarize the resource.
FOLLOW UP POST
S
W2 Discussion #1
Accounting
Accounting data is very helpful in the decision-making process. For example, if you were to buy a car you
would need to know all the costs associated which includes the costs of your current car, the costs of
the new car, and the funds available to cover those costs. The same is true in accounting. All sorts of
data is available to help managers make decisions. They can also break that data down into various
categories to make it even more useful.
To help you begin to understand the kinds of data that accountants can provide, answer these
questions:
1 - What is the difference between an opportunity cost and a sunk cost? Share an example of each with
the group.
2 - Define variable, fixed, and mixed costs. Share an example of each with the group.
3 - What is the formula for the contribution margin ratio? How is it useful in the decision-making
process?
W2 Discussion #2
Accounting
This week, you were asked to access a number of videos and websites. These are great resources to help
you learn the materials this week. Consider what type of resource you find most helpful in learning new
materials (videos, examples, text, etc). Then consider which topic you struggled with the most this week.
Complete an online search for a new resource that will help you with that topic. For example, if you
learn best from videos and you struggled with the topic double entry accounting, then complete an
online search for “double entry accounting videos”. If you learn best by examples, search for “double
entry accounting examples”. Select one of the items you find in your search that you found particularly
helpful in learning the topic you struggled with the most and post a summary of the resource and a link
to the resource.
INITIAL POST
Cite and summarize the resource.
FOLLOW UP POSTS