Hello, I have a question about my homework which is due tomorrow. I want to know if the second assignment involve excel since I haven't contacted my instructor yet.

Posted 3 years ago (last edited 2 years ago) Anonymous Discussion 1 - Week 1 COLLAPSE Discussion 1: Accuracy in Financial Reporting A sale is a sale, and a profit is a profit, right? Not always. While an organization's financial statements should fully and transparently reflect the organization's actual financial situation, sometimes they do not. Sometimes there is intentional deception or fraud. Yet, even when an organization uses legal and accepted accounting practices, financial statements may fail to present risks or explain unusual costs, profits, or assumptions. To prepare for this Discussion, think about a time in your professional experience when a decision was made based on inaccurate financial information or unethical behavior resulting in fraudulent financial information. If you do not have professional experience directly related to accounting and decision making, research a situation where inaccurate or fraudulent financial information was provided by a company. Consider the outcomes of utilizing fraudulent financial information for decision making and research how to avoid such situations. Post by Day 3, the following: Describe the situation from either your professional experience or your research. Explain the steps you would take to address unethical behavior and remedy the situation of utilizing the inaccurate or fraudulent financial information you described and why you would take these steps. Explain the steps that you, as a manager, might take to ensure that all financial information you review accurately reflects the organization's true financial situation and why this is important to prevent unethical behavior and the use of inaccurate or fraudulent financial information. General Guidance: Your initial Discussion post, due by Day 3, will typically be 2-3 paragraphs in length as a general expectation/estimate. Refer to the rubric for the Week 1 Discussion for grading elements and criteria. Your Instructor will use the rubric to assess your work. Respond by Day 5 to two or more of your colleagues in one or more of the following ways: Comment on the scenarios and remedies presented by your colleague, providing your insights based on your experience or knowledge. Suggest additional steps that managers might take to ensure accurate data and provide examples of when such steps have been taken, including the resulting outcomes. Ask a probing question of your colleague, based on your readings from the week and/or your experience. You should be sure to include the context for your question and why it is important to address. Compare your colleague's situation with the one you presented and share any insights you gained. Develop your responses based on your own experience, the resources for the week, and additional research. Click on the Reply button below to reveal the textbox for entering your message. Then click on the Submit button to post your message. Discussion 2- Week 1 COLLAPSE Discussion: Shared Practice: Financial vs. Managerial Accounting (Continues into Week 2) Note: This Discussion has slightly different due dates than what is typical for this program. Be mindful of this as you post and respond in the Discussion. Your post is due on Day 7 of Week 1, and your response is due on Day 3 of Week 2. Week 1 Financial accounting and managerial accounting are different. Namely, financial accounting refers to reports that are prepared for review by individuals outside the organization, like investors and creditors. Managerial accounting refers to reports that are generated for internal use by organizational decision makers. To prepare for this Discussion, \"Shared Practice: Financial vs. Managerial Accounting,\" take a moment to think about the implications of these two kinds of accounting. Post by Day 7, the following: Describe one or two examples of decisions that could be made using the information provided by financial accounting. Provide specific examples and explain how decisions are improved when the information is used accurately. Then, explain the risks of not having the information when making such decisions. Your examples should be real world, specific situations from your experience, observations, and research. Describe one or two examples of decisions that could be made using the information provided by managerial accounting. Provide specific examples and explain how decisions are improved when the information is used accurately. Then, explain the risks of not having the information when making such decisions. Your examples should be real world, specific situations from your experience, observations, and research. Before making your post, review the examples provided by your colleagues and your Instructor and write about decisions that have not yet been mentioned. Week 2 Recall the Week 1 Discussion, \"Shared Practice: Financial vs. Managerial Accounting,\" where you and your colleagues described the types of decisions that could be made using financial and managerial accounting. Read through your colleagues' posts and by Day 3 of Week 2, and respond to two or more of your colleagues in one of the following ways: Post by Day 3, the following: Provide insights or contrasting observations regarding financial and managerial accounting that you gained from reading their posts. Offer other examples, based on your experience or research, of when such accounting data was effectively used or when decisions were made without it and explain the results. Describe trends you observe from the posts of your colleagues and why those are important. To complete your Discussion, click on Discussions on the course navigation menu, and select \"Week 1 Forum\" to begin. Click on the Reply button below to reveal the textbox for entering your message. Then click on the Submit button to post your message