Financial Accounting

Answer the questions on the attached PDF.

The course is Principles of Financial Accounting. So, quite a beginner’s course in that domain. We have only covered about 6 topics so far, so no need to go too much in depth, just simple concepts of accounting. These topics include:

-Overview of Financial Statements
-Balance Sheet and Recording Transactions
-Income Statement: Cash vs. Accrual Accounting
-Adjustments and Closing the Books
– Misstatement, Fraud and the Hall of Shame
– Statement of Cash Flows

Let me know if you have any questions! Thank you

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