Re-examine basic accounting principles, the format, and content of financial statements prepared in conformance with generally accepted accounting principles.
Upon completion of this course, learners will be able to:
Explain how key accounting principles and concepts govern the construction of financial statements
Identify the format and content of financial information presented in the four basic financial statements
Identify common disclosures included in the footnotes to the financial statements
Explain how transactions have a dual effect on the accounting equation
Explain the relationship between the matching principle and adjusting process
Identify and describe the nine steps of the accounting cycle