GCU ACC502 Week 8 Discussion (dq1+dq2) Latest 2021 March
ACC502 Accounting Practices
Week 8 Discussion
DQ1 In the textbook there are 21 questions provided regarding items to consider when conducting an industry analysis. Review the questions listed on pages 116 and 117. Choose three that you think are the most important of all questions provided. Discuss why those three items are important when conducting an industry analysis. Participate in follow-up discussion by reviewing classmates’ posts and discussing whether the cost leadership or differentiation competitive strategy would be the most effective approach based on the three items provided.
DQ2 Refer to Problem 6.1 in the textbook: Exhibit 6.3 shows common-size balance sheet and income statements for 12 companies, described on page 141 & 143. Your job is to match each company with its financial statements. Using the first letter of your last name, answer the question below for which the letter of your name falls in the range.
A – F: Using numbers 1, 2 and 3 on Exhibit 6.3 match the companies to the respective number.
G– L: Using numbers 4, 5 and 6 on Exhibit 6.3 match the companies to the respective number.
M – R: Using numbers 7, 8 and 9 on Exhibit 6.3 match the companies to the respective number.
S – Z: Using numbers 10, 11 and 12 on Exhibit 6.3 match the companies to the respective number.
Participate in follow-up discussion by reviewing classmates’ posts who used the same numbers as you and provide details supporting why their companies chosen are incorrect. Remember to use a professional tone. Try to locate a classmates’ post with different results than what you determined to be correct.
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