Describe the place place of finance and accounting in a business? Summarize the background and sources of financial accounting standards? Demonstrate how ethics applies to the field of accounting?

Discuss the financial consequences of various organization structures. Outline the variety of accounting roles internal and external to a busniess? Differentiate between functional and divisional organization? Describe the legal implications of a business organization on its accounting? Summarize the information provided in a corporations annual report?

Explore the fundamentals of accounting Define the accounting entity and discuss the going concerns concept? Identify the major underlying accounting principles of consistency, full disclosure, materiality, variability and conservatism? Explain the accounting concept?