In Discussion Forum 4, post
your response to the following discussion question. Reply to at
least two classmates’ responses by the date indicated in
the Course Calendar.
Companies listed in the U.S. stock market are not required by
the accounting standards or by law to prepare and publish annual budgets.
Federal, state, and local governments, on the other hand, are required by law
to publish their annual budgets. Discuss whether there should be an accounting
standard or law requiring public companies to prepare and publish their annual
budgets. What are the pros and cons of publishing companies’ annual budgets?
In Discussion Forum 5, post
your response to the following discussion questions. Reply to at
least two classmates’ responses by the date indicated in
the Course Calendar.
Read through the materials on responsibility accounting, and be
sure to watch the short video at the link titled Responsibility Accounting in
Management. The video talks about the practical workings and benefits of
responsibility accounting for managers. In your posting, discuss the use and
effectiveness of performance reports for management. Does your current employer
use them? If so, how are they valuable? Has your employer ever used such
reports to motivate employees who have contributed to favorable variances? If
this does not apply to your employment situation, perform some additional
research in order to express an informed opinion.
