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Define accounting, its uses, and the role of accountants in business Explain how accounts are classified. Explain the steps in the accounting cycle and

  •  Define accounting, its uses, and the role of accountants in business
  •   Explain how accounts are classified.
  •  Explain the steps in the accounting cycle and how to prepare correcting entries.
  •  Apply accounting principles to properly record each classification and subclassification of accounts.

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Understanding Accounting and Its Importance Accounting is the system that businesses use to track record analyze and report their financial activities It provides a clear picture of a companys financi... blur-text-image

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