Examine accounting practices through application of the accounting cycle for service business scenarios.

Indicators for this outcome
(a) Apply the accounting cycle (i.e., analyze originating transaction data, journalize, post, prepare worksheets, prepare financial statements, journalize and post adjusting and closing entries, prepare post-closing trial balance) to a service business scenario.
(b) Apply error finding techniques within aspects of the accounting cycle and identify appropriate corrections.
(c) Discuss and justify decisions made to solve problems that arise during the accounting cycle.
(d) Analyze decisions for given scenarios utilizing the accounting cycle.
(e) Analyze the financial situation of a service business based on the financial statements.
(f) Compose questions to help accountants interpret and analyze financial statements.
(g) Compare post-closing trial balances for two different accounting cycles and examine changes that occurred during the accounting period.
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