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Learn about external financial statements, internal managerial accounting reports, income ta.
Adjunct professor of accounting and economics. Accounting 101, accounting overview, basics, and best practices. Apply generally accepted accounting principles (gaap) to understand inventory costing methods, internal control, accounts receivable, depreciation, liabilities, and stockholders. Use the menu buttons on the left to view: Fundamentals of accounting information, the foundation of the accounting system for recording assets, liability and equity transactions, financial statement principles, and the preparation and interpretation of basic financial statements. Accounting is known as the language of business. It includes details about debits. Acct 101 at harrisburg area community college, lancaster (hacc lancaster) in lancaster, pennsylvania. Accounting is a necessary part of running a business. Project work planning, the application (using deltek, axium, newforma or other enterprise accounting software) 4. We'll also discuss working with your cpa, no matter what platform they are using. To compute net income for a merchandise…. Through a series of steps known as accounting cycle, it gathers information about business transactions, and collates and summarizes them to generate reports for a business entity.
