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  3. iii. after addressing the above topics, additional

III. After addressing the above topics, additional topics you can incorporate into your weekly homework...

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Accounting

III. After addressing the above topics, additional topics you can incorporate into your weekly homework assignment:

  • Why do companies go through a closing process? What accounts are closed in that process? Are they really closed and erased from the accounting system?
  • Discuss the additional accounting issues faced by merchandisers/retailers that service companies do not address.
  • What does a system of internal controls achieve? (You can apply this to internal controls over cash, or a general discussion of internal controls.)

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