ACC 557 Week 1-3 Discussion Questions (Questions are Listed)

Week 1

"General Accounting Principles" Please respond to the following:

Should accounting include more than monetary units? Throughout your textbook, additional insights into how companies are attempting to meet the challenge of measuring and reporting their contributions to society, as well as their financial results, to stockholders are referenced. Discuss why a company's stockholders might be interested in its environmental and social performance. Next, determine the critical pieces of information companies are providing and why this information is important from the perspective of the different stakeholders.

Week 2

Go to the Financial Accounting Standards Board (FASB) website fasb.org and download Concepts Statement 8. Read it and share your thoughts about it here in our Week 2 class discussion. It would be beneficial to you to also read Concepts Statements 7, 6 and 5.

Week 3

"Researching Financial Information" Please respond to the following:

Go to the Finance website of Yahoo.com (http://www.finance.yahoo.com). Next, select one (1) company and find the Recommendation Rating by Analysts for this company. You will then examine the most recent annual report for the same company located at the Securities and Exchange Commission website, https://www.sec.gov/edgar/searchedgar/companysearch.html, for information disclosed that supports the analysts' recommendations. Within your response be sure to discuss the possible roles for at least two (2) of these disclosures.

Note: USE MATERIAL AS A REFERENCE.