Use the following chapter to help complete the discussion questions below. (NO REPEATING OF INFORMATION) (NO PLAGIARISM) (FOLLOW INSTRUCTIONS BELOW) please cite and add references from the book.
Read Ch. 1 of Accounting: Tools for Business Decision Making (6th ed.).
1.) (Word limit 100-110 words) Read Ch. 1 of Accounting: Tools for Business Decision Making (6th ed.). and Write your thoughts on the chapter.
2.) There are three choices in forming a business organization which are sole proprietorship, partnership, and corporation. Sole proprietorship is the type of enterprise that is owned and ran by one person and in which there is no legal distinction between the owner and the business entity. Partnership is an arrangement were parties (partners) agree to corporate to advance their mutual interest. Corporation is a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law.
(Respond back to post 80-85 words)
Read Ch. 2 of Accounting: Tools for Business Decision Making (6th ed.).
3.)(Word limit 100-110 words) Read Ch. 2 of Accounting: Tools for Business Decision Making (6th ed.). and Write your thoughts on the chapter.
4.) Chapter two also discussed Earnings per Share (EPS) measures the net income earned on each share of common stock. Stockholders usually think in terms of the number of shares they own or plan to buy or sell, so stating net income earned as a per share amount provides a useful perspective for determining the investment return. Advanced accounting courses present more refined techniques for calculating earnings per share according to the chapter. Calculating earnings per share is to divide earnings available to common stockholder by weighted-average common shares outstanding during the year as mentioned in the chapter.
(Respond back to post 80-85 words)
Read Ch. 3 of Accounting: Tools for Business Decision Making (6th ed.)
5.)Word limit 100-110 words) Read Ch. 3 of Accounting: Tools for Business Decision Making (6th ed.).and Write your thoughts on the chapter.
6.) An accounting information system is the system of records a business keeps to maintain its accounting system. This includes the purchase, sales, and other financial processes of the business. The purpose of an AIS is to accumulate data and provide decisions makers (investors, creditors, and managers) with information to make decisions. While this was previously a paper-based process, most modern businesses now use accounting software.
(Respond back to post 70-85 words)