Week 1 Acc 537 Identify and describe the sources of generally accepted accounting

Week 1 Acc 537 Identify and describe the sources of generally accepted accounting

Topic 1: Identify and describe the sources of generally accepted accounting principles. Identify source hierarchy and explain why the hierarchy is important.

Topic 2: Describe effective accounting information, using the qualities of accounting information from your readings this week.

Topic 3: Describe how an accrual based accounting system is different from a cash basis of accounting.

Topic 4: Describe the types of business structures and the defining features of each structure.