In your own words, explain the recording process and the accounting equation to someone who has no accounting experience.

Week 1 Discussion

  • Introduce yourself to the class and explain the key takeaways you hope to achieve through the successful completion of the course.
  • Explain the major advantages of a business owner with minimal accounting experience maintaining the company’s book. Then explain the disadvantages.
  • Analyze the major impact to the users of accounting statements if the statements are prepared in error.
  • Provide support for your position.

Week 2 Discussion

  • In your own words, explain the recording process and the accounting equation to someone who has no accounting experience.
  • Then, give your opinion on the elements or areas that might cause the most confusion or be the most difficult to grasp.
  • Provide support for your conclusion.


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