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Universities vs. Community Colleges My essay I will be talking about the difference between universities and community colleges. I choose this topic because most students coming out of high school and get stuck on choosing a college to attend. Community colleges have open admissions policies, meaning that anyone who can benefit is welcome to attend. You will need a high school diploma or a GED to take courses for credit. Many non-credit courses are available for anyone who wants to enroll.

Students take assessments and placement test to determine the appropriate class level. Four-year colleges and universities vary in their degrees of selectivity and some do have open admissions policies. Some selections is often based on competitive factors such as standardized test scores, such as the SAT and SCT, high school grade point average and coursework, letters of recommendation, and admissions essays. A high school diploma or a GED is generally required in order for an applicant to be admitted.

Community colleges student body s often described as a “non-traditional,” referring to independent, older adults who are entering college for the first time or returning after some time. Most students are in-state residents from the local area; some foreign-born students also attend. The majority of students attend part time (less than 12 credit hours per semester). In universities many students in baccalaureate programs start right out of high school and in fall into the traditional college-age 18-22 years old.

Students come from across the country and around the world. Most students attend on a full-time basis. Community college an associate’s degree is usually the highest degree awarded. Most degree programs can be completed in 2 years of full-time attendance. Certificate programs typically take a year or less to complete if you go full-time. All universities and four-year colleges offer a bachelor’s degree as the highest undergraduate degree. Some also offer and associates degree typically takes 4 to 6 years to complete.

Community colleges are mainly geared to commuters however; bout 20% of community colleges do offer a more traditional college experience with on-campus housing available to students. Most four year institutions are geared to full-time, residential students with on-campus housing in dormitories widely available. Community colleges faculty members are mainly focused in teaching as the primary responsibility; many community colleges require the faculty to have a master’s degree and there are a growing number who also hold doctorates.

Universities or four-year college’s faculty members focus is divided among teaching, esearch, and publication; there is a higher percentage of faculty with doctorates than a community college. Community colleges class sizes averages between 25 to 40 students. Classes are taught by full-time or part-time faculty member. Although universities class sizes varies, many lower-division classes, especially lecture classes, can be very large and taught by graduate teaching assistants. Tuition for community colleges is affordable. Tuition costs at public institutions are usually twice that of

accounting concepts and practices

accounting concepts and practices.

The questions (and how long the response should be) are listed below. With each question, the responses must include everything highlighted in yellow. Please list references at the end. All the information for these questions are provided in the references given. Total of 6 pages needed.



Sunk Cost, Opportunity Cost, and Accounting Cost   (3 to 4 paragraphs)

Describe sunk cost, opportunity cost, and accounting cost, and give examples of each. What role does each play in decision-making? (3–4 paragraphs) Grading: Description of sunk cost is accurate. Description of opportunity cost is accurate. Description of accounting cost is accurate. Explanation accurately shows how sunk cost, opportunity cost, and accounting cost factor into decision making.



The Impact of the Balanced Scorecard on Financial Performance (2 to 3 paragraphs)

The balanced scorecard is a strategic-based performance management system. How does the balanced scorecard communicate strategy to an organization? Identify and describe the four quadrants on the balanced scorecard. How are the four quadrants related? What is their impact on financial performance?  Grading: Explanation of how the balanced scorecard communicates strategy to an organization is accurate. Description of the four quadrants of the balanced scorecard and how they are related is accurate.



Forecasting, Strategic Planning, and Budgeting (3 to 4 paragraphs)

Explain the concepts of forecasting, strategic planning, and budgeting. Indicate how they are related and the key differences, if any, between them. Grading: Explanation of the difference between forecasting, strategic planning, and budgeting is accurate.



The Triple Bottom Line (2 to 3 paragraphs)

Define the triple bottom line and give examples of each of the “three Ps.” Grading: Definition of the triple bottom line is accurate.



Unethical Accounting Practices and Their Impact (1 paragraph per question)

Read the following articles:

· The Anatomy of Corporate Fraud: A Comparative Analysis of High Profile American and European Corporate Scandals (Soltani) provided as an attachment

· Managerial Fraud and Corporate Governance in American Corporations (Mukweyi) provided as an attachment

Respond to the following questions (1 paragraph per question):

What is fraud and why do employees commit fraud?

What are the causes of corporate financial scandals?

What is corporate governance?

What is managerial or executive fraud and why do executives commit fraud?

What kinds of things should owners and directors do to protect all stakeholders?

Grading: Identification accurately lists unethical accounting practices. The causes of corporate financial scandals are accurately given. Explanation accurately defines corporate governance. Explanation accurately defines managerial or executive fraud and gives reasons why executives commit fraud. Description accurately lists the impacts on stakeholders and organizations from unethical accounting practices.



References to use:


Triple bottom line: It consists of three Ps: Profit, people, and planet. (2009, November 17). The Economist (Online extra). Retrieved from


**And also the other attachments provided are references (the reference in APA is listed at the bottom of each page of most of the attachments)**




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