FR U3DB2 Response 1 and 2

Student’s Name
Instructor’s Name
Course
Date
FR U3DB2 Response 1 and 2
FR U3DB2 Response 1 (Tamela)
Overall, the post was informative. I was particularly captivated by the concept of governing authority’s laws and regulations as applied in accounting. The illustration of Security Exchange Commission (SEC) made it easy to understand how an account’s work fits in the whole picture of finance sector (SEC.gov, 2016). Reflecting on the reading, I think that the writer can add the idea of ways in which wealth of organizations can be improved and losses minimized. I think that the accountant’s job is more than just recording assets and liabilities and penetrates to how the whole organization can be strengthened financially through better fiscal policies initiated by the accountant or finance manager. One question that arose as I read the post was: How do the auditors integrate fiscal year and calendar year program to ensure the parties concerned understand the financial position of an organization?
FR U3DB2 Response 2 (Stacey)
From the post, I learned the importance of cultivating ethical practices in a business environment. The writer is careful to note that “what might be legal and benefit a certain company can completely undermine another.” This means that simply because something is legal does not make it ethical. Although laws such as Sarbanes Oxley Act have been enacted to promote ethical behavior, I think that ethics should be encouraged at a personal level. In the post, the writer talks about different ratios learned in the course.

However, the question that arose when I read the statement was: Which type of ratios did you learn and why do you think they were important? At the same time, the writer could have improved the post by talking about the presentation of data in pie charts, histograms or line graphs to summarize the financial performance of an organization (Surbhi, 2016).
Works Cited
SEC.gov. (2016). SEC Financial Responsibility Rules. Retrieved from URL https://www.sec.gov/about/offices/oia/oia_market/key_rules.pdfSurbhi. (2016). Difference between histogram and bar graph. Retrieved: https://keydifferences.com/difference-between-histogram-and-bar-graph.html