The fundamental components of financial accounting, including items like assets/liabilities, journal entries, financial statements, debits/credits, and revenues/expenses. Select one of these topics or another item of your interest and discuss what you learned about it and how it will help you as you progress through accounting.
Take a closer look at accounting for inventory with a particular focus on inventory methods. The two primarily covered are referred to as FIFO and LIFO. Discuss what you learned about these methods, how they are alike and different, and why they are important to understand.
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The fundamental components of financial accounting, including it.docx
1. The fundamental components of financial accounting, including
items like assets/liabilities, journal entries, financial statements,
debits/credits, and revenues/expenses. Select one of these topics
or another item of your interest and discuss what you learned
about it and how it will help you as you progress through
accounting.
Take a closer look at accounting for inventory with a particular
focus on inventory methods. The two primarily covered are
referred to as FIFO and LIFO. Discuss what you learned about
these methods, how they are alike and different, and why they
are important to understand.
