complete_acc_220_course_dq_s

Apr 16th, 2015
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Hi there.This document contains A+ work for the course ACC 220.I am sure that this work will not disappoint you.This document will give you the correct answers to the respective questions about the particular course.

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Week 1 DQ 1Based on what you currently know about accounting, what role do you see it playing in business operations? How dependent do you think a business is on its accounting department? Explain why.Accounting is an important operation to any business, no matter how big or how small. Through accounting one gets a picture of exactly how the business is running, where the money is going and what kind of profit is being made, if any. This process also allows a company to keep a record of what is purchased and sold thereby being able to assess and do their taxes at the end of the year. Accounting also keeps track on the companies spending habits when it comes to the labor costs, utility bills, managerial costs and the over head needed to stay in business.Depending on the size of the business, whether it is a large company or just a small mom and pop grocery store, goes hand in hand on how dependent they are for an accounting department. The larger companies are very dependent on their accounting department while the small businesses probably keep the accounting in house, or done by the owner. I feel this is true because while I did own a 'mom and pop' grocery store in Mexico for eight years I did all of our accounting and relied on only myself. Now I work for a company that has expanded globally and they rely of accounting professionals. While at our facility we have only one person doing our accounting he reports to the corporate headquarters for advice and back up for many

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