Response to Coments on DQ1 Hunt and DQ2 SmithW11 Essay

Response to Coments on DQ1 Hunt and DQ2 SmithW11 - Essay ExampleAnother great attribute about larn about accounting is that that knowledge put forward be used to improve a persons ability to analyze investment opportunities. By analyzing the foursome basic pecuniary statements a person can perform a good assessment of whether a company is doing well or not. DQ2 I fatality to congratulate you on your career aspirations of pursuing an MBA to become a manager in the hospitality industry. The use of accounting is really important to effectively motivate a hotel operation. Accounting can help the manager determine what are the fixed and variable costs of the operation. Based on that information the manager can determine the needed occupancy rate for the hotel to exceed the breakeven point in order to make a financial profit. Having knowledge about GAAP is rattling important and has lot of practical uses. A few years my brother who is an accountant learned about an accounting chang e that drastically affected the financial results of some companies including VTSS. Due to the accounting change the value of the stock went up for $0.35 to over $4 in less than 6 months. Accounting knowledge is very useful to make investment decisions. References Luc.edu. Accounting Trivia. Retrieved June 14, 2011 from http//www.luc.edu/sba/accounting_trivia.shtml