Congratulations! We have now completed our review of the Cash and Risk Management functions, culminating in last week’s classroom discussion of a television episode from The Office. In that episode, the office accountants struggled to function as a team in order to investigate the theft of $3,000 in company cash.
We relied on the Risk Management Cube paradigm to structure our own approach to this challenge. We also discussed how the Giving Voice To Values self-reflection approach can prepare professionals to function as an investigatory team.
Our first quiz of the upcoming week, at the beginning of Tuesday’s session, will cover this material. Then we’ll shift our focus to the Accounts Receivable function.
Yes, we’re moving left-to-right across our Value Chart of Accounts! And Accounts Receivable is “next up,” so to speak.
On Tuesday, we’ll discuss the general terms and concepts that are relevant to Accounts Receivable. These appear in the PDF document entitled Chapter 08 Notes; you can find it in the Documents folder on our course blog page.
On Thursday, we’ll take a quiz regarding these terms and concepts. And then we’ll review each quantitative row of the Value Chart.
Oh, yes … we’ll continue to make progress with our Term Project activity as well! I have uploaded a PDF document entitled Mike’s Sample to each team’s Box, Google Drive, or Microsoft OneDrive folder.
We’ll work with this document in class on Thursday. And by Monday morning, October 23 at 8:00 am, you’ll delete this sample document and replace it with a brief description of your term project topic.
What will be the format of your description? We’ll discuss our options during class on Thursday. And then I’ll document our plans in next weekend’s blog posting.
As you can see, we’re slowly-but-surely raising the bar on our term project activity. And we are doing likewise with our knowledge of accounting!
P.S. There are no advance reading assignments this week.