Project #82573 - The Accounting Cycle

The Week 2 Forum consists of two separate questions. All questions need to be answered with an initial post of at least 250 words (e.g. you will have two separate initial posts).   

 What are the differences between cash and accrual basis accounting? Provide an example of each type. Briefly explain why a company might need to adjust entries in the general ledger. Be sure to address the classes and types of adjusting entries.

 

 

Instructions: Your initial response should be no less than 250 words with at least one scholarly journal reference (dictionary-type websites are excluded). Reply to at least two of your classmates.  Replies to classmates should be a minimum of 100 words and include direct questions. In-text citations and references must be in APA format. Refer to the Forum Grading Rubric below for additional guidelines.*
 
Initial Post Due: Wednesday by 11:55 pm ET
Replies to Classmates Due: Sunday by 11:55 pm ET

 

* Make sure you are using credible sources in your discussions and assignments. Scholarly journals are the preferred source of credible/quality references. These consist of peer-reviewed articles published in academic journals related to the field, which are found via our Library.  Websites such as Investopedia, ask.com, answers.com, or dictionary-type of websites limit the insight to the topics. Wikipedia is not acceptable as it is not a reliable, credible source of reference. The purpose is to bring in new information and how does it apply to our topic from a real-world perspective, instead of extending on definitions that are found in the book.
 
More information what a credible source consists of can be found here:  http://writingcommons.org/evidence/supporting-sources/630-what-might-be-a-more-credible-reliable-source.
 
Forums Guidelines Criteria
Requirements
Quality Guidelines (50%):
  • All forum questions are answered completely.
  • Responses are original in content with a minimum of one scholarly journal reference.
  • All posts demonstrate analysis of the topic. 
  • Responses to classmates are significant and advance the discussion.
Participation Guidelines (30%):
  • Main response is posted by Sunday. 
  • Main response is no less than 250 words.
  • Reply to at least two of their classmates by Sunday.
  • Responses to classmates are at least 100 words.
Clarity, Organization, & Professionalism Guidelines (20%):
  • Responses are organized and logical.
  • Minimal spelling or grammatical errors.
  • References are used and cited properly using APA format.
  • Appropriate language, respect, and consideration toward peers/instructor.

Subject Business
Due By (Pacific Time) 09/20/2015 12:00 am
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