Introduction to Accounting

Description

Chapter 1: Introduction to Accounting and Business

Part 1

One of the most important reasons to study accounting is to embark on a course of study that will provide you with an amazing career. You may have some ideas of what it would mean to work as an accountant, but there are some interesting opportunities that you may not have considered. Please visit the FBI job site and the IRS job site to browse through potential career paths and jobs. Please share with us any opportunities from those sites that you might be interested in pursuing once you complete your degree. The websites can be accessed by clicking below:

Part 2

Please provide the following formulas:

1. The Fundamental Accounting Equation
2. The Expanded Accounting Equation
3. The Formula for Computing Net Income
4. The Formula for the Balance Sheet

Part 3

Please give us one or two examples of the following accounts:

Assets

Liabilities

Owner's Equity (provide only one example for this account)

Revenue

Expenses

Please make sure that your initial post contains a properly cited reference. Please use APA style. You should cite your text as a minimum. Additionally, check your spelling and proofread your post before you hit the submit button.

Responses to Classmates

When responding to classmates this week please provide your classmates with additional examples of the accounts that comprise the expanded accounting equation. Please do not make comments such as "great post" to your classmates. There is information about what to do and what not to do in the weekly discussions in a special Discussion Board Announcement. That Announcement can be accessed through the Course Navigation panel to the left of your screen. Please read that prior to posting this week.

Responses to Instructor

Please check your thread for questions or comments from me and be sure to provide a comprehensive response, as requested.

Writing and References

Please make sure that your initial post contains a properly cited reference. Please use APA style. You should cite your text as a minimum. Additionally, check your spelling and proofread your post before you hit the submit button.