APA
Principles of Accounting Discussion Question 1 – Summary & Critical Thinking – Week/Course Learning Outcomes Welcome to the last week of your course. In this discussion question you have the opportunity to be creative and to relate what you have learned to your professional lives. Please explore and critically think about some of the learning outcomes and concepts presented in this course. Please effectively communicate how you would lead an organization (or a group of people within the organization) by applying the knowledge you have learned ethically and responsibly. Your discussion should also include innovative thinking, and information-technology aspects (such as the Internet, social-media, computers, and so forth) that may assist you in decision-making. You may frame your discussion around any functional component of business, and in any context; problem-solving, management, leadership, organizational behavior, and so forth. APA ,Half page , Additional information: class outline Course Learning Objectives (CLOs) BBA Program Objectives (K) Knowledge (S) Skill (A) Attitude 1. Understand generally accepted accounting principles and how the accounting equation works in the practice of accounting 1, 2, 3, 4, 5, 6, 9 K, S, A 2. Demonstrate an understanding of the three main financial statements (Income Statement, Balance Sheet, and Statement of Cash Flow) and how they are compiled and interconnected 1, 2 K, S, A 3. Apply ethics and internal control practices to a variety of situations and roles in business 1, 2, 3, 4, 5, 6, 7, 9 K, S, A 4. Evaluate company working capital strategies and analysis of inventory and receivables turnover to a competitor 1, 2, 3, 4, 5, 6, 9 K, S 5. Evaluate a company's profitability, solvency and liquidity and compare performance to a competitor 1, 2, 3, 4, 5, 6, 9 K, S 6. Interpret sources and uses of cash on the cash flow statement and evaluate free cash flow 1, 2, 3, 4, 5, 6, 9 K, S