Accounting 10, 20, 30
Course Configurations
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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