{"id":18746,"date":"2023-05-05T22:53:26","date_gmt":"2023-05-05T22:53:26","guid":{"rendered":"https:\/\/www.goodacademic.com\/blog\/questions\/discussion-post-financial-and-managerial-accounting-week-1-dq-peer-response\/"},"modified":"2023-05-05T22:53:26","modified_gmt":"2023-05-05T22:53:26","slug":"discussion-post-financial-and-managerial-accounting-week-1-dq-peer-response","status":"publish","type":"questions","link":"https:\/\/www.goodacademic.com\/blog\/questions\/discussion-post-financial-and-managerial-accounting-week-1-dq-peer-response\/","title":{"rendered":"Discussion Post &#8211; Financial and Managerial Accounting (Week 1 &#8211; DQ &#038; Peer Response)"},"content":{"rendered":"<div><b>This order has 2 STEPS:&nbsp;<\/b><\/div>\n<div>\n<ul>\n<li><b>1 essay of 185 words using the references below<\/b>&nbsp;<\/li>\n<li><b>2 peer responses of 50 words&nbsp; EACH + 1 reference EACH (minimum)&nbsp;<\/b><\/li>\n<\/ul>\n<\/div>\n<div><\/div>\n<div><u style=\"color: inherit; font-weight: bolder; background-color: transparent; font-variant-ligatures: inherit; font-variant-caps: inherit; cursor: auto;\"><span style=\"font-weight: normal; cursor: auto; color: inherit;\"><span style=\"font-weight: 700; font-size: 12pt; cursor: auto; color: inherit;\"><u style=\"background-color: transparent; color: inherit; font-size: 14px; font-variant-ligatures: inherit; font-variant-caps: inherit; cursor: auto;\">FIRST STEP:&nbsp;<\/u>Discussion Question<\/span><\/span><\/u><\/div>\n<div><span style=\"font-weight: bolder; cursor: auto; color: inherit;\"><span style=\"cursor: auto; color: inherit;\"><span style=\"font-weight: normal; cursor: auto; color: inherit;\"><\/p>\n<p style=\"margin-top: 0pt; margin-bottom: 0pt; line-height: 1.2; cursor: auto; color: inherit;\"><span style=\"font-size: 12pt; cursor: auto; color: inherit;\">Tana Thorne works in a public accounting firm and hopes to eventually be a partner. The management of Allnet Company invites Thorne to prepare a bid to audit Allnet\u2019s financial statements. In discussing the audit fee, Allnet\u2019s management suggests a fee range in which the amount depends on the reported profit of Allnet. The higher its profit, the higher will be the audit fee paid to Thorne\u2019s firm.<\/span><\/p>\n<p><br style=\"cursor: auto; color: inherit;\"><\/p>\n<ul style=\"cursor: auto; color: inherit;\">\n<li style=\"font-size: 12pt; cursor: auto; color: inherit;\" aria-level=\"1\">\n<p style=\"margin-top: 0pt; margin-bottom: 0pt; line-height: 1.2; cursor: auto; color: inherit;\"><span style=\"font-size: 12pt; cursor: auto; color: inherit;\">Who are the parties potentially affected by this audit and the fee plan proposed?<\/span><\/p>\n<\/li>\n<li style=\"font-size: 12pt; cursor: auto; color: inherit;\" aria-level=\"1\">\n<p style=\"margin-top: 0pt; margin-bottom: 0pt; line-height: 1.2; cursor: auto; color: inherit;\"><span style=\"font-size: 12pt; cursor: auto; color: inherit;\">What are the ethical factors in this situation? Explain.<\/span><\/p>\n<\/li>\n<li style=\"font-size: 12pt; cursor: auto; color: inherit;\" aria-level=\"1\">\n<p style=\"margin-top: 0pt; margin-bottom: 0pt; line-height: 1.2; cursor: auto; color: inherit;\"><span style=\"font-size: 12pt; cursor: auto; color: inherit;\">Would you recommend that Thorne accept this audit fee arrangement? Why or why not?<\/span><\/p>\n<\/li>\n<li style=\"font-size: 12pt; cursor: auto; color: inherit;\" aria-level=\"1\">\n<p style=\"margin-top: 0pt; margin-bottom: 0pt; line-height: 1.2; cursor: auto; color: inherit;\"><span style=\"font-size: 12pt; cursor: auto; color: inherit;\">What are some ethical considerations guiding your recommendation?<\/span><\/p>\n<\/li>\n<\/ul>\n<p><\/span><\/span><\/span><\/div>\n<div><span style=\"font-weight: bolder; cursor: auto; color: inherit;\"><u style=\"cursor: auto; color: inherit;\"><br \/><\/u><\/span><\/div>\n<div><span style=\"font-weight: bolder; cursor: auto; color: inherit;\"><span style=\"cursor: auto; color: inherit;\"><u>ATTENTION<\/u>: To answer these questions, you MUST:<\/span><\/span><\/div>\n<div><span style=\"font-weight: bolder; cursor: auto; color: inherit;\"><span style=\"cursor: auto; color: inherit;\"><\/p>\n<div style=\"text-decoration-line: underline; font-weight: 400; cursor: auto; color: inherit;\"><\/div>\n<div style=\"font-weight: 400; cursor: auto; color: inherit;\"><span style=\"cursor: auto; color: inherit;\"><\/p>\n<ul style=\"cursor: auto; color: inherit;\">\n<li style=\"font-weight: 700; font-size: 12pt; cursor: auto; color: inherit;\" aria-level=\"1\">\n<p style=\"margin-top: 0pt; margin-bottom: 0pt; line-height: 1.2; cursor: auto; color: inherit;\"><span style=\"font-size: 12pt; cursor: auto; color: inherit;\">Read the textbook:<span style=\"cursor: auto; color: inherit;\">&nbsp;<\/span><\/span><span style=\"font-weight: 400; font-size: 12pt; cursor: auto; color: inherit;\">Financial and Managerial Accounting: Information for Decisions&nbsp;<\/span><span style=\"color: inherit; font-size: 12pt; background-color: transparent; font-variant-ligatures: inherit; font-variant-caps: inherit;\">***<\/span><\/p>\n<\/li>\n<ul style=\"cursor: auto; color: inherit;\">\n<li style=\"font-size: 12pt; cursor: auto; color: inherit;\" aria-level=\"2\">\n<p style=\"margin-top: 0pt; margin-bottom: 0pt; line-height: 1.2; cursor: auto; color: inherit;\"><span style=\"font-size: 12pt; cursor: auto; color: inherit;\">Chapter 1: Accounting in Business<\/span><\/p>\n<\/li>\n<li style=\"font-size: 12pt; cursor: auto; color: inherit;\" aria-level=\"2\">\n<p style=\"margin-top: 0pt; margin-bottom: 0pt; line-height: 1.2; cursor: auto; color: inherit;\"><span style=\"font-size: 12pt; cursor: auto; color: inherit;\">Chapter 2: Accounting for Business Transaction<\/span><\/p>\n<\/li>\n<\/ul>\n<\/ul>\n<ul style=\"cursor: auto; color: inherit;\">\n<li style=\"font-weight: 700; font-size: 12pt; cursor: auto; color: inherit;\" aria-level=\"1\">\n<p style=\"margin-top: 0pt; margin-bottom: 0pt; line-height: 1.2; cursor: auto; color: inherit;\"><span style=\"font-size: 12pt; cursor: auto; color: inherit;\">Access the Website:&nbsp;<\/span><\/p>\n<\/li>\n<ul style=\"cursor: auto; color: inherit;\">\n<li style=\"font-size: 12pt; cursor: auto; color: inherit;\" aria-level=\"2\">\n<p style=\"margin-top: 0pt; margin-bottom: 0pt; line-height: 1.2; cursor: auto; color: inherit;\"><span style=\"font-size: 12pt; cursor: auto; color: inherit;\">Accounting<\/span><span style=\"font-size: 12pt; cursor: auto; color: inherit;\">. (n.d.). QuickMBA.<span style=\"cursor: auto; color: inherit;\">&nbsp;<\/span><\/span><a href=\"http:\/\/www.quickmba.com\/accounting\/\" target=\"_blank\" style=\"font-size: 12pt; font-variant-ligatures: inherit; font-variant-caps: inherit;\" rel=\"noopener\">http:\/\/www.quickmba.com\/accounting\/<\/a><\/p>\n<\/li>\n<\/ul>\n<li style=\"font-weight: 700; font-size: 12pt; cursor: auto; color: inherit;\" aria-level=\"1\">\n<p style=\"margin-top: 0pt; margin-bottom: 0pt; line-height: 1.2; cursor: auto; color: inherit;\"><span style=\"font-size: 12pt; cursor: auto; color: inherit;\">Watch the Videos:&nbsp;<\/span><\/p>\n<\/li>\n<ul style=\"cursor: auto; color: inherit;\">\n<li style=\"font-size: 12pt; cursor: auto; color: inherit;\" aria-level=\"2\">\n<p style=\"margin-top: 0pt; margin-bottom: 0pt; line-height: 1.2; cursor: auto; color: inherit;\"><span style=\"font-size: 12pt; cursor: auto; color: inherit;\">Stuff, A. (2019, March 25).<span style=\"cursor: auto; color: inherit;\">&nbsp;<\/span><\/span><span style=\"font-size: 12pt; cursor: auto; color: inherit;\">Financial vs managerial accounting<\/span><span style=\"font-size: 12pt; cursor: auto; color: inherit;\"><span style=\"cursor: auto; color: inherit;\">&nbsp;<\/span>[Video].&nbsp;<\/span><a href=\"\/\/www.youtube.com\/watch?v=qISkyoiGHcI&amp;feature=youtu.be\" target=\"_blank\" style=\"font-size: 12pt; font-variant-ligatures: inherit; font-variant-caps: inherit;\" rel=\"noopener\">YouTube.&nbsp;https:\/\/www.youtube.com\/watch?v=qISkyoiGHcI&amp;feature=youtu.be<\/a><\/p>\n<\/li>\n<li style=\"font-size: 12pt; cursor: auto; color: inherit;\" aria-level=\"2\">\n<p style=\"margin-top: 0pt; margin-bottom: 0pt; line-height: 1.2; cursor: auto; color: inherit;\"><span style=\"font-size: 12pt; cursor: auto; color: inherit;\">Stuff, A. (2018, August 15).<span style=\"cursor: auto; color: inherit;\">&nbsp;<\/span><\/span><span style=\"font-size: 12pt; cursor: auto; color: inherit;\">The accounting equation for beginners<\/span><span style=\"font-size: 12pt; cursor: auto; color: inherit;\"><span style=\"cursor: auto; color: inherit;\">&nbsp;<\/span>[Video].&nbsp;<\/span><a href=\"\/\/www.youtube.com\/watch?v=56xscQ4viWE&amp;feature=youtu.be\" target=\"_blank\" style=\"font-size: 12pt; font-variant-ligatures: inherit; font-variant-caps: inherit;\" rel=\"noopener\">YouTube.&nbsp;https:\/\/www.youtube.com\/watch?v=56xscQ4viWE&amp;feature=youtu.be<\/a><\/p>\n<\/li>\n<\/ul>\n<\/ul>\n<p><\/span><\/div>\n<p><\/span><\/span><\/div>\n<div><span style=\"font-weight: bolder; cursor: auto; color: inherit;\"><u style=\"cursor: auto; color: inherit;\"><br \/><\/u><\/span><\/div>\n<div><span style=\"font-weight: bolder; cursor: auto; color: inherit;\"><u style=\"cursor: auto; color: inherit;\"><br \/><\/u><\/span><\/div>\n<div><b style=\"background-color: transparent; color: var(--color-1); font-variant-ligatures: inherit; font-variant-caps: inherit; text-decoration-line: underline;\">SECOND STEP:<\/b><b style=\"background-color: transparent; color: var(--color-1); font-variant-ligatures: inherit; font-variant-caps: inherit;\"> <\/b><span style=\"background-color: transparent; color: var(--color-1); font-variant-ligatures: inherit; font-variant-caps: inherit;\">After you finish the paper, I will attach 2 essays from other students here, and you will write <\/span><u style=\"background-color: transparent; color: var(--color-1); font-variant-ligatures: inherit; font-variant-caps: inherit; font-weight: bold;\">2 peer responses (<\/u><b style=\"background-color: transparent; color: var(--color-1); font-variant-ligatures: inherit; font-variant-caps: inherit;\"><u>50 words EACH and 1 reference EACH &#8211; minimum)<\/u><\/b><span style=\"background-color: transparent; color: var(--color-1); font-variant-ligatures: inherit; font-variant-caps: inherit;\">.&nbsp;<\/span><\/div>\n<div><\/div>\n<div>Also, they&nbsp;<b><u>must <\/u><\/b>substantively engage with the other student&#8217;s original post, continuing the discussion professionally.&nbsp;<\/div>\n<div><\/div>\n<div><b><i>*** Important: Answer directly to each student, mentioning their name and discussing what was written. ***<\/i><\/b><\/div>\n<div><\/div>\n<div><\/div>\n<div><span style=\"background-color: transparent; color: var(--color-1); font-variant-ligatures: inherit; font-variant-caps: inherit;\">I attached:&nbsp;<\/span><\/div>\n<div>\n<div>\n<ul>\n<li>One example of what I&#8217;m expecting for the peer response<\/li>\n<\/ul>\n<div><\/div>\n<\/div>\n<\/div>\n<div><b>*** IMPORTANT: I DON&#8217;T HAVE A PDF OF THE TEXTBOOK. YOU MUST ACCESS IT IN THE LINK:<br \/><\/b><a href=\"https:\/\/alibris.vitalsource.com\/reader\/books\/9781260417210\/epubcfi\/6\/22[%3Bvnd.vst.idref%3Dcontents]!\/4\" target=\"_blank\" rel=\"noopener\">https:\/\/alibris.vitalsource.com\/reader\/books\/9781260417210\/epubcfi\/6\/22[%3Bvnd.vst.idref%3Dcontents]!\/4<\/a><b>&nbsp;<\/b><\/div>\n<div><b>E-mail: jsjully@hotmail.com&nbsp;<\/b><\/div>\n<div><b>&nbsp;Password: Gojhof-kyqcaw-9xohga<\/b><\/div>\n","protected":false},"excerpt":{"rendered":"<p>This order has 2 STEPS:&nbsp; 1 essay of 185 words using the references below&nbsp; 2 peer responses of 50 words&nbsp; EACH + 1 reference EACH (minimum)&nbsp; FIRST STEP:&nbsp;Discussion Question Tana Thorne works in a public accounting firm and hopes to eventually be a partner. The management of Allnet Company invites Thorne to prepare a bid [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","meta":[],"disciplines":[644],"paper_types":[],"tagged":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions\/18746"}],"collection":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions"}],"about":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/types\/questions"}],"author":[{"embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/comments?post=18746"}],"version-history":[{"count":0,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions\/18746\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/media?parent=18746"}],"wp:term":[{"taxonomy":"disciplines","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/disciplines?post=18746"},{"taxonomy":"paper_types","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/paper_types?post=18746"},{"taxonomy":"tagged","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/tagged?post=18746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}