Goals of Financial Accounting

After accurate abstraction of the course, an absorbed abecedarian should be able to:

Identify the accent of the Accounting Equation;
Identify the Normal Balance for both Balance Sheet and Income Statement Accounts;
Analyse Business Transactions application T-Accounts;
Identify the basal advice to be conveyed in the four basal Business Statements;
Understand and Perform the 7 accomplish of the Accounting Cycle
Record end of aeon Adjusting and Closing Entries
Use the basal anatomy for reconciling coffer statements