![]() ![]() Finally, you will be introduced to basic accounting issues related to the sole proprietorship and partnership forms of business organization. You will learn to apply basic tools for analyzing financial statements. Generally accepted accounting principles and ethics are examined throughout the course as they relate to each area. property, plant, and equipment assets andĪdditional financial accounting issues related to the corporate form of organization are examined later in the course, followed by an introduction to the statement of cash flows. ![]() Special issues regarding balance sheet components are reviewed in detail, including You will then examine accounting for merchandise operations as well as inventory and cost of sales. You will begin by examining the accounting cycle of a corporation in the service sector, learning how financial transactions are processed through the accounting information system each accounting period. After completing this course, you will be able to analyze and prepare a set of basic financial statements.
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