ACC308 Accounting Information Systems
Week 3 Discussion
DQ1 Journal Entries [WLO: 4] [CLOs: 3, 4, 5]
Prior to beginning work on this discussion forum, read Chapter 7 in the course textbook. What are journal entries, and why are they used? Explain why adjusting entries are needed, and describe the major types.
DQ2 Accounting Cycle [WLO: 4] [CLOs: 3, 4, 5]
Prior to beginning work on this discussion forum, read Chapter 7 in the course textbook. Describe a typical accounting cycle throughout a month. What personnel in the company are performing each function, and why? What oversight/controls should be in place for each part of the process, and why?
