Discussion question for Accounting Class:
- In your own words, explain the recording process and the accounting equation to someone who has no accounting experience.
- Then, give your opinion on the elements or areas that might cause the most confusion or be the most difficult to grasp.
- Provide support for your conclusion.
Discussion question for Business and Society Class:
Corporate social responsibility
Should businesses attempt to solve societal ills, or should businesses merely maximize shareholder wealth? Some individuals argue that the purpose of a business is to make a profit, and maximize shareholder wealth, while others argue that a business has a corporate social responsibility to go beyond the financial interests of shareholders to support social causes.