ACC308 Accounting Information Systems
Week 4 Discussion
DQ1 Inventory [WLO: 1] [CLO: 3]
Prior to beginning work on this discussion forum, it is recommended that you review Chapters 3 and 4. Why is it important to track inventory from the point of ordering to the point of selling? How would you do this in QuickBooks? Discuss how companies that use a vendor like Amazon to maintain and ship their inventory would account for inventory in QuickBooks.
DQ2 Banking Reconciliation and Period End [WLO: 3] [CLO: 3]
Prior to beginning work on this discussion forum, it is recommended that you review Chapter 3 and 4. Why is it important to reconcile your accounts in a timely manner? What problems may be uncovered through reconciliation? Why is it just as important to track and reconcile business credit card accounts? What other accounting actions would you do at period end in QuickBooks?
