CTU ACCT201 PHASE 1 DISCUSSIONS

Primary Task Response: Within the Discussion Board area, write up to 400–500 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.

For this assignment, you are required to post a report to the Discussion Board consisting of 400–500 words describing your initial impression of accounting and intellipath. The following questions must be answered in the report to receive full credit:

• Define the accounting equation.
• Define, explain, and example the following: Asset, Liability, Equity, Revenue, and Expense
• List some ‘accounts’ and if they are an Asset, Liability, Equity, Revenue, and Expense types (Hint, see examples in your text).
• Discuss your thoughts and concerns on taking this accounting class, intellipath, and how much time you believe you should invest each week in the study of accounting. What questions regarding intellipath do you have?

Responses to Other Students: Respond to at least 2 of your fellow classmates with a reply of at least 1 paragraph about their primary task response regarding items you found to be compelling and enlightening. To help you with your discussion, please consider the following questions:

• What did you learn from your classmate’s posting?
• What additional questions do you have after reading the posting?
• What clarification do you need regarding the posting?
• What differences or similarities do you see between your posting and other classmates' postings?
• How would this topic be of value to you in your life or career?