Accounting I Practice Exam
Course Introduction
Accounting I is an introductory course designed to familiarize students with the fundamental principles and practices of financial accounting. The course covers essential topics such as the accounting cycle, preparation and analysis of financial statements, recording business transactions, and the concepts of assets, liabilities, and equity. Students will also learn the basics of double-entry bookkeeping, the role of accounting in business decision-making, and the application of Generally Accepted Accounting Principles (GAAP). Through lectures, exercises, and hands-on projects, this course provides the foundational knowledge and skills necessary for further study in accounting or related fields.
Recommended Textbook Fundamentals of Financial Accounting 6th Edition by Fred Phillips
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