ACC 305 Intermediate Accounting I

Week 1 - Discussion 1

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Your initial discussion thread is due on Day 3 (Thursday) and you have until Day 7 (Monday) to respond to your classmates. Your grade will reflect both the quality of your initial post and the depth of your responses. Refer to the Discussion Forum Grading Rubric under the Settings icon above for guidance on how your discussion will be evaluated.

AICPA [WLOs: 1, 2, 3, 5] [CLOs: 1, 2]

Prior to beginning work on this discussion, review the following:

• Chapters 1 and 2 in the textbook

Write: Make sure your response addressing the following questions is more than 200 words and includes an in-text citation or a brief quote from the reading material where appropriate. You may want to review the Citing Within Your Paper (Links to an external site.) resource from the Ashford Writing Center for proper use of citations.

In your post, discuss the following:

• What role does the American Institute of Certified Public Accountants (AICPA) play in your accounting career as a student and when you join the profession?
• What role does the AICPA have in setting standards in the industry?
• How might you use AICPA and Generally Accepted Accounting Principles (GAAP) for guidance in your profession?