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Business LibreTexts

1: Introduction to Financial Accounting

  • Page ID
    20070
    • girl-160172__340.png
    • Contributed by Henry Dauderis and David Annand
    • Athabasca University
    • Sourced from Lyryx Learning

    learning objective

    • LO1 – Define accounting.
    • LO2 – Identify and describe the forms of business organization.
    • LO3 – Identify and explain the Generally Accepted Accounting Principles (GAAP).
    • LO4 – Identify, explain, and prepare the financial statements.
    • LO5 – Analyze transactions by using the accounting equation.