Devry ACCt346 Week 1,2,3 & 4 Discussion 1 & 2 Latest 2015 October Full Courses

| January 30, 2017


Devry ACCt346 Week 1 Discussion 1 & 2 Latest 2015 October

Discussion 1
The Sarbanes-Oxley Act of 2002 (SOX) has emphasized the importance of ethical behavior and codes of conduct. Discuss the costs and benefits of the ethical environment. If a poor ethical environment results in costs to an organization, what are they? Conversely, what are the benefits of a good ethical environment?

Discussion 2
Flexibility, timeliness, and forward looking are said to be the prominent traits of modern management accounting, whereas standardization and consistency describe financial accounting. Explain why the focus on these two accounting systems differs.

Devry ACCt346 Week 2 Discussion 1 & 2 Latest 2015 October

Discussion 1

The job cost sheet is used to accumulate the three product costs: direct material, direct labor, and factory overhead. Discuss the source documents for determining these amounts (i.e., where do we get these numbers, and how do we arrive at the overhead?). Why is overhead the most difficult to assign?

Discussion 2

How does activity-based costing differ from the traditional costing approach? When would it give more accurate costs than traditional costing systems?

Devry ACCt346 Week 3 Discussion 1 & 2 Latest 2015 October

Discussion 1

Describe how the process-costing system accumulates and assigns costs by comparing and contrasting it to the job-order costing system.

Discussion 2

What does the termequivalent unit mean? Why is it important to compute the cost per equivalent unit in a process-costing system?

Devry ACCt346 Week 4 Discussion 1 & 2 Latest 2015 October

Discussion 1

What do we mean by the term cost behavior? What is the difference among a variable, fixed, and mixed cost? Give an example of each.

Discussion 2

Discuss the difference between variable costing and full costing. Why would income computed under full costing exceed income computed under variable costing if production exceeds sales?

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