Accounting

I have reference answer.

Q1(300~500 words):

Please post your original thoughts on one or both of the questions below and respond or comment on at least two other posting on the discussion board.

Please remember good cyber tech etiquette.

During the movie the former executive from Enron attributes the underlying causes of the collapse to first Pride, then Intolerance, Greed and finally Arrogance. Would you agree with this statement, why or why not? Would one factor be more influential than the others, in your opinion.

The economy in the US, and then as a consequence worldwide went into a nose dive immediately after Enron. Was Enron the cause or a symptom? Explain.

Q2(300~500words):

Using the accounting assumption of periodicity, and the principles of ‘Revenue Recognition’ and ‘Matching’ explain why we need adjusting entries.

Q3(300~500words):

Please post a response to one of the following questions and respond to at least 2 of your classmates’ posts.

How does an accounting worksheet support the accounting cycle and preparation of financial statements?

Discuss liquidity ratios and debt ratios, give examples and interpret their meaning.