BSA 310 Week 3, Discussion Questions

DQ 1: Based on Mohamed’s (2007) article, what are three commonly used accounting packages

used by small and midsized businesses? List one advantage of each package.

DQ 2: In the United States, publicly traded companies must report revenue growth, income growth,

and earnings per share (EPS) every quarter. What is the effect of this reporting on business

operations?

DQ 3: What are the three financial statements used by businesses, and what is each designed to

report?