Discussion Post: Accounting- Tools for Business Decision Making
Textbook: Tools for Business Decision
The authors of the textbook explain the three types of business activities all companies encounter. Does a company's IT department have economic transactions for each of the three types of business activities? Why or why not? Provide a specific example of an economic transaction for each activity type to support your conclusions. Be sure to use examples not already used by a fellow student. To participate in follow-up discussion, provide a respectful critique of two other students' responses.
Read "Beginners' Guide to Financial Statement," by the U.S. Securities and Exchange Commission (SEC, 2007), located on the SEC website.
The response must include a reference list. Using one-inch margins, double-space, Times New Roman 12 pnt font and APA style of writing and citations.