ACC 220 Week 3 (Survey of Accounting, The Maze of Nubers) A+ Work

ACC 220 (Survey of Accounting the Maze of Numbers)

Week 3

ACC 220 Week 3 DQ 1

ForDiscussion Question 1: Post your response to the following:

  When reviewing a financial report, why should information be reliable, relevant, consistent, and comparable? In other words, why are these accounting characteristics important?

What kinds of problems could be created if a financial report is not reliable, relevant, consistent, or comparable?

ACC 220 Week 3 DQ2

For Discussion Question 2: Post your response to the following:

How does information from financial reports influence business decisions?

Why is it important for business managers to understand the information found on financial reports?