Accounting can be quite diverse based on the stakeholders involved – partners in a partnership or members of an LLC, shareholders of a corporation, other legal entities, the public with not-for-profit entities or citizens with governmental entities. Based on what you have learned during this course, what additional knowledge have you gained about accounting?

How will this help you in your future career? Are there any concepts that don’t make sense in their existing form that you’d clarify if you had oversight on developing accounting standards?