Accounting Homework
SCENARIO: You are a new hire for a major corporation completing your eight-week rotation
related to accounting, financial reporting, budgeting, cost control, and profit maximization. As part
of your rotation you are learning about the accounting process and how to use accounting
information to make managerial decisions.
Read the assigned chapters to learn the accounting concepts, then submit a written report in the
LEO assignment folder summarizing your knowledge of the week’s concepts. You should create this
report to provide documentation/evidence of your assigned chapter readings and self-assessment
exercises (Fill in the Blanks, and Multiple Choice questions at end of each chapter). (A series of
projects focused on your SEC10K corporation will be completed and submitted separately.)
REQUIREMENT: As described above, upon completion of the readings and quizzes (the week’s
assigned chapters are detailed below) write a report as a Word document and upload it to this
week’s Homework assignment folder. Summarize what you learned through your readings and
practice quizzes. Demonstrate an understanding of the week’s concepts. The more detailed
writeups documenting a solid understanding of the material will earn the highest homework
points.
Week 7:
A. Read and complete the self-graded questions for ch 21 & 22 at
http://www.principlesofaccounting.com/.
B. Provide a summary of the accounting concepts learned through the readings and practice
Due Date
Mar 1, 2022 11:59 PM
Hide Rubrics
Rubric Name: ACCT Assignments and Submissions
ACCT Assignments and Submissions
Not scored
Submit Assignment
Files to submit
(0) file(s) to submit
After uploading, you must click Submit to complete the submission.
quizzes for this week. Demonstrate your understanding of the week’s concepts. If you need ideas
regarding topics to discuss, see ideas below. The more detailed your write-up documenting your
understanding the higher it will be graded. (See Rubric for details.)
Complete the report below as a Word document and submit in the Assignment Folder for week 1
Homework.
Additionally, here are some topics to consider:
Why do companies budget? What are the benefits?
What can budgets be used for when evaluating company/department performance?
What topic(s) gave you trouble this week (if any)?/What topic(s) do you feel you were able to
grasp? Post questions in the homework discussion thread!
The most important aspect of this write-up is to document your understanding of the week’s
concepts!
Remember all submissions and postings in our class must be in your own words. Deliverables are to
be single spaced with double spacing between paragraphs. These are business reports, thus proper
spelling, grammar, and professional writing is expected. Your report submission serves as your new
hire eight-week rotation report to your supervisor regarding the knowledge learned for this week’s
material related to accounting and financial reporting.
Chapter 21: Budgeting – Planning for Success – principlesofaccounting.com
https://www.principlesofaccounting.com/chapter-21/
Chapter 22: Tools for Enterprise Performance Evaluation
https://www.principlesofaccounting.com/chapter-22/
