Unit 4 Business Application Assignment: The Language of Business

As you will often hear, “Accounting is the language of business.” Accounting and finance may be a new area of learning for many of us. Accounting and finance are important to the success of every company and individual. It is important to familiarize yourself with some of the accounting and finance terms and concepts that you may see and hear about every day. The more you learn about how business, accounting and finance work, the better!

Choose one topic from the list below. Using the internet or the library, find an article or website that relates to your topic and respond to the following points:

• Identify your topic and explain why you selected this topic.
• Summarize the article or website. Avoid plagiarizing; do NOT copy/paste from this website.
• What did you learn? How will you use the information? Why is this site valuable?
• Include your opinions, interpretations and conclusions. How will you apply this information to your personal and professional life? Your thoughts and ideas regarding the material presented are an extremely important part of this assignment.

Select one term or topic from the following list:

1. Generally Accepted Accounting Principles (GAAP)
2. Forensic Accounting
3. Intangible Assets
4. Gross Profit Margin
5. Profitability Ratio
6. Pension Funds
7. The Prime Rate
8. Credit Unions
9. Commercial Banks
10. E-Commerce Payments
11. Mutual Funds
12. Book Value
13. Corporate Bonds
14. Junk Bonds
15. Investment Diversification
16. 401k Plan
17. Going Public (company ownership)
18. Stock Split
19. Dow Jones Industrial Average
20. Equity Financing

Assignment Instructions

• As before, insert a cover page that includes the title of your report, your name, the course, and the date.
• Write your report in essay format. This means you must write in complete sentences and paragraphs instead of just inserting phrases under the headings.
• Your report should be 1-2 pages long, not including the cover page.
• Double space your lines of text.
• You must use at least one resource (preferably two) for this report. Avoid wikis.
• Provide in-text citations for information that is not your own. You do not cite your opinion, interpretation and conclusions.
• Provide a References section for your resources.

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