Discussion Question 1:

Budget vs. Actual

Describe why percentage changes identified in the budgeted vs. actual reports need to be interpreted carefully. Provide a numerical example to aid in your explanation.

Discussion Question 2:

Paper vs. Excel vs. QuickBooks

Based on what you have learned in studying accounting in textbooks and in some cases utilizing Microsoft Excel templates for completing assignments, would you prefer to use paper, Excel, or QuickBooks to prepare financial statements and reports? Would you use just one program, both, or some other software?