Examine the elements of the accounting system.

• Prepare financial statements.
• Analyze subsequent period transactions.
• Complete financial statements for subsequent accounting periods
• Explain the basic accrual accounting concepts.
• Analyze deferrals and accruals.
• Prepare financial statements using the accrual basis of accounting.
• Analyze the differences between the accrual and the cash basis of accounting.

I do not understand any of these concepts in Accounting