Sample Assignments
Accounting Sample
Identify Basic Accounting Principles and their Application to Financial Transactions
Skill Challenge #1: Why Do U.S. Companies Need Standardized Accounting Rules? (Discussion Question)
Imagine trying to invest in a company, take out a loan, or decide where to work—only to realize that every business reports its financials differently. One company might record sales as soon as they sign a deal, while another only reports revenue when cash is received. A retailer might count unsold inventory as profit, while a manufacturer might leave big expenses off the books until years later. How would investors know where to put their money? How would banks decide who gets a loan? How could employees trust their company’s financial health?
This is exactly why accounting standards like GAAP (Generally Accepted Accounting Principles) exist. The Financial Accounting Standards Board (FASB) was created in 1973 to ensure that U.S. companies follow the same set of rules for financial reporting. But even with GAAP, financial scandals still happen—think Enron (2001), Lehman Brothers (2008), and Wirecard (2020)—where companies manipulated financial data, leading to billions in losses and shaking public trust in corporations.
What do you think?
- ♦️Why is it important for U.S. companies to follow standardized accounting rules?
- ♦️What could go wrong if businesses had more freedom to report financial data however they wanted?
- ♦️Can you research and find any real-world examples where a lack of clear accounting rules led to problems?
- ♦️Do you think GAAP is perfect, or should the rules evolve to fit modern businesses better?
Business Technology Sample
Build a Website Using WordPress
Business Overview:
You are the owner of “Sweet Cravings Bakery,” a small, family-owned bakery specializing in handcrafted pastries, custom cakes, and gourmet bread. Your business has a loyal local customer base, but you want to expand your online reach to attract more customers, including tourists and event planners seeking catering services.
To achieve this, you’ve decided to create a WordPress website that showcases your products, highlights your unique offerings, and drives traffic to your physical location. You also want to integrate SEO and social media strategies to increase visibility and engagement.
The resource below provides a tutorial that will help you with this assignment.
Watch How to Create a FREE Website or Blog with WordPress.com Tutorial
Building the Sweet Cravings Bakery Website
Part 1: Setting Up Your WordPress Site
- Website Name and Domain: Visit www.wordpress.com, select a free domain name, and choose their free hosting plan. For example, choose a domain like sweetcraving.
- Theme Selection: Pick a visually appealing theme that reflects your bakery’s warm and inviting atmosphere. A theme like “Foodica” or “Bakery Shop” would be ideal.
- Pages to Include:
- 🔹Home Page: A welcoming image carousel featuring your best-selling items, a brief introduction, and a CTA like “Visit Us Today!”
- 🔹Menu: A detailed menu of your pastries, cakes, and bread, complete with images and descriptions.
- 🔹About Us: Share your bakery’s story, values, and commitment to quality.
- 🔹Order Online: Enable customers to place orders for pickup or delivery.
- 🔹Blog: Share recipes, baking tips, or customer stories to engage visitors.
- 🔹Contact: Provide your address, phone number, and a contact form.
