ACCT 505 Week 1 DQ 1 (Updated)
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ACCT 505 Week 1 DQ 1 (Updated)
Welcome to our Week 1 Discussions! To get us started, let’s consider the following questions.
- Would a traditional income statement differ depending on whether the business is a service organization, merchandiser, or manufacturer?
- Could we use managerial accounting tools to assess the profitability of an organization other than a manufacturing business, or are the topics that we are learning only related to manufacturing?
- If we could use these concepts in service and merchandising businesses, how would we go about doing so?
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