- Interview an accountant at a local business, nonprofit organization, or government entity. How does the firm use budgets? How does budgeting help managers plan business activities? How does budgeting help them control activities? Give examples.
- Discuss the role of a private accountant within large and small firms.
- What two sources of capital make up owners’ equity?
- What is the accounting equation?
- What is the statement of cash flow required by the SEC and why is it required?
- If you were assessing the value of a business which two factors would you take into account and in which financial statement would you find them?
