Reference no: EM13215425

Tools for business decision making by Kimmel, P. D., Weygandt, J. J., & Kieso, D. E., 2007., 4th ed.), as well as the course lectures. Your answers will not be responsive for the (a) and (b) sections if you rely on internet sources (such as "wikipedia") or streams-of-consciousness. Your response to section (d) for each CSLO is your opportunity to augment your knowledge in the subject area. Education should be transformational. My objective is to ensure you absorb the materials provided through this course, and are able to apply these concepts and methods in the real business world. All submittals must be turned into the EMS in MS word format only.

CSLO One: Apply the concepts, analytical techniques, and conventions of basic accounting in both the academic and practice environments.

1a. Describe THOUGHTFULLY why it is important to understand the application of concepts, analytical techniques, and conventions of basic accounting in both the academic and practice environments. 
1b. Describe THOUGHTFULLY how you learned to apply these concepts and analytical techniques.. Give ONE example from your personal experience of the learning process. 
1c. Discuss in at least two WELL-DEVELOPED paragraphs your ORIGINAL personal insights about understanding and application of the concepts, analytical techniques, and conventions of basic accounting in both academic and practice environment.
1d. Did this learning outcome change the way you thought about the topic? Now that we covered the topic, was it valuable or should it be changed? Justify your answer.

CSLO Two: Relationship between financial statements, how it interact with each other, and how it affects other financial statements.

2a. Describe THOUGHTFULLY why it is important to understand the relationship of financial statements, how it interact with each other, and how it affects other financial statements. 
2b. Describe THOUGHTFULLY how you learned to distinguish and differentiate each financial statements, and its purpose and use. Share with me in one more paragraph how these financial statements are used in business decision making. Give ONE example from your personal experience of the learning process. 
2c. Discuss in at least two WELL-DEVELOPED paragraphs your ORIGINAL personal insights about understanding the importance in understanding the relationship between financial statements.
2d. Did this learning outcome change the way you thought about the topic? Now that we covered the topic, was it valuable or should it be changed? Justify your answer.

CSLO Three: Know and apply financial ratios and analysis in decision making.

3a. Describe THOUGHTFULLY why it is important to understand and apply the financial ratios and analysis in decision making. 
3b. Describe THOUGHTFULLY how you learned to understand the concept of financial ratios and analysis. Give ONE example from your personal experience of each learning process. 
3c. Discuss in at least two WELL-DEVELOPED paragraphs your ORIGINAL personal insights about understanding and the ability to apply the financial ratios and analysis. techniques.
3d. Did this learning outcome change the way you thought about the topic? Now that we covered the topic, was it valuable or should it be changed? Justify your answer.

CSLO Four: Apply inventory costing principles and depreciation methods.

4a. Describe THOUGHTFULLY why it is important to understand the application of different inventory costing methods and depreciation methods. In a separate paragraph discuss how businesses, especially manufacturing, might effectively use and apply these methods.
4b. Describe THOUGHTFULLY how you learned to understand the differences and application of each inventory and depreciation methods. Give ONE example from your personal experience of the learning process.
4c. Discuss in at least two WELL-DEVELOPED paragraphs your ORIGINAL personal insights about understanding the different types of inventory costing and depreciation methods.
4d. Did this learning outcome change the way you thought about the topic? Now that we covered the topic, was it valuable or should it be changed? Justify your answer.

CSLO Five: Understanding and application of how cost behavior affects selection of cost drivers and management decisions.

5a. Describe THOUGHTFULLY why it is important to understand the cost drivers and the types of cost behavior, as well as the components to managerial decision making. 
5b. Describe THOUGHTFULLY how you learned to understand the cost drivers and the types of cost behavior. Give ONE example from your personal experience of the learning process. 
5c. Discuss in at least two WELL-DEVELOPED paragraphs your ORIGINAL personal insights about understanding the importance of the cost drivers and the types of cost behavior that influence managerial decision making.
5d. Did this learning outcome change the way you thought about the topic? Now that we covered the topic, was it valuable or should it be changed? Justify your answer.