ACG 630 AIU Finance for Business Financial Transactions Equities & Assets Discussion

Business Finance

ACG 630

American InterContinental University

ACG

Question Description

  • Post an original and thoughtful Main Post to the DB prompt.
  • Respond to at least 2 other posts from learners and/or the instructor (Response Posts).
  • The first contribution (Main Post or Response Post) must be posted before midnight (Central time) on Friday of each week.
  • Two additional responses are required after Friday of each week.
  • For DB assignment prompts with a Part One and Part Two, Part One should be addressed in the first week of the unit with a Main Post and minimum of 2 Response Posts, and Part Two should be addressed in the second week of the unit with a Main Post and a minimum of 2 Response Posts.

More on DBs

At the end of each unit, DB participation is assessed based on level of engagement and the quality of the contribution to the discussion. DBs allow learners to learn through sharing ideas and experiences as they relate to course content. Because it is not possible to engage in two-way dialogue after a conversation has ended, no posts to the DB are accepted after the end of the unit. Learners must demonstrate an appropriate depth of understanding of course content to receive credit for having submitted substantive posts. Typically, this is achieved with 3–4 strong paragraphs for Main Posts and 2–3 strong paragraphs for Response Posts.

A financial transaction is an economic event that affects the assets and equities of the firm, is reflected in its accounts, and is measured in monetary terms. Financial transactions are common, repetitive events that involve external parties (customers or suppliers) or internal events (depreciation, use of materials, etc.). Similar transactions are grouped into cycles.

  • Discuss the key activities in the revenue, conversion, and expenditure cycles.
  • What does an entity-relationship diagram represent? Why do accountants need to understand them?
  • There are two subsystems to the revenue cycle. Discuss what are they and what occurs within each.

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