DQ

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Post a 100-200-word response to the following: 

 

  • What do you consider to be the most important features of effective communication? Explain your choices.

 

Post a 150-200 – word response for each of the following (bulleted) questions:

 

  • What are the steps in completing the accounting cycle? How do the different steps affect the financial statements?
  • What is the effect on the financial statements of missing a step when completing the accounting cycle?
  • Are there any steps in the process that can be completed out of order?  Explain your response.
  • Give an example of a mistake that could cost a company lots of money when completing the acccounting cycle process.
  • What are the four closing journal entries? Why are these necessary?

 

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