Section outline
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Introduction /Accounting in action
Learning objectives of this chapter:
(a) Fundamental concepts of accounting including, definition of Accounting; Users of Accounting, Brief history of accounting, Book Keeping and accounting, The Accounting profession, Ethics, fundamental business concepts.
(b) Understanding and analysing the business transactions
(c) Preparing financial statements (Income statement, Owner's equity statement and balance sheet
Outcome of this chapter include the following:
(1) Being able to distinguish between economic and non-economic activities of business organization
(2) Understand and explain the effect of transactions on the accounting equation
(3) Measuring performance of the business organization
(4) Being able to identify any changes in the owner's capital invested in the business.
Learning materials and methods are:
(i) Live class
(ii) Recorded video and audio
(iii) PowerPoint
(iv) Materials from text book.
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Students mustMark as done
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Students mustMark as done
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Students mustMark as done
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Students mustMark as done
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Students mustMark as done
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