Topic 1: Knowing Your Numbers to Increase Your Decision-Making Confidence
Please review the Discussion Board participation grading rubric. This is important information that will ensure that you earn maximum points. Your professionally written APA-compliant postings, using appropriate sources, should provide substantive depth that advances the discussion. Please edit your posts for grammatical errors before you post. Be sure to review the requirements for each week’s discussion topic(s). Remember that a post to the instructor is not considered a post to peers, so please be sure that you respond to at least two peers for full credit.
Understanding the financial health of your business is critical to its success over the short and long term, as you have seen in the simulation play. Understanding the story that your numbers tell will be critical in both long- and short-range decision making. In your simulation game play, you have been tracking many different financial metrics and using the standard financial statements to make decisions on growth. This week, you will be completing a non-graded learning activity about accounting through the Small Business Association website to gain a good foundation in understanding basic financial statements. In your simulation for this week, you will be reviewing the microsimulation called Profitability Analysis — Using Profitability Analysis to Increase the Bottom Line. The ability to successfully complete a profitability analysis will depend on your understanding of the basic accounting reports and your knowledge of your own simulation company. For this unit’s Discussion, you will be using this week’s readings, Learning Activity, and profitability analysis from the Marketplace simulation. This profitability analysis will be available to you when you log into the simulation in this unit. Your personal experience (if applicable) may aid in this Discussion. Answer the following questions:
Example Responses to Peers to Increase Discussion Success
Comment on at least two of your peers’ postings in accordance with the university’s guidelines.
PS: For Question 1
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