Description: |
Principles of Accounting covers basic accounting procedures for both service and merchandising businesses; special journals and ledgers; adjusting, closing, and reversing entries; income measurement; financial statements; and internal control for sole proprietorships. This course also continues the study of principles of financial accounting and an introduction to the concepts of managerial accounting and their application.
The accounting processes applied to partnerships, corporations, manufacturing costs, income tax, managerial reports, cash flow, and statement analysis are covered.
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