here is the examples

Tell me if you understand this stuff. Accounting is hard to teach face to face, and even more challenging online. You must give me: Two paragraphs (5 sentences each) on what you're not getting by Wednesday July 15th; read the chapter first! You could pick a concept that you don't understand and tell us what you know in one paragraph and what still remains unclear in the second paragraph..this is just a suggestion. The 2 paragraphs are required because I need you to delve into the chapter, share your insight, and get your peers involved AND One topic within this chapter that puzzles me a little bit has to do with auditing. Auditing is the process of reviewing the records used to prepare financial statements. An accountant issues feedback, an auditor's opinion, which elaborates on how well the statements align with the accepted accounting rules. The accountants feedback is important in regards to the company's annual report. My question is, what ARE the accepted accounting rules? What are the standards that the accountant looks to critique the statements on? A lot of people may be overwhelmed by all of the big numbers and certain equations that come with accounting. The truth is that the overall picture may look scary, but breaking things down can help make these equations look easier to assess. For example, when looking at a big long balance sheet, the best thing to do would be to break things down in a way that is easier to read. All in all, these balance sheets are just a bunch of numbers being added or subtracted to reach an ending result. The main part of the balance sheet is identifying the assets to liabilities and so forth, that factor into the end result. Tunderstand and enjoy balancing accounting equations. It's an easier concept for me to remember. However, the steps to the accounting cycle is difficult for me to remember and truly understand. The order throws me off but remembering that it starts and end with analyzing helps. Income statements are also difficult for me to analyze. I believe it's due to the dollar amounts being placed in different columns. Overall in financial accounting there are many different equations. Personally, I struggle with remembering how to calculate and retrieve specific numbers. Some equations are easier to remember than others, like the accounting equation and net profit/losses. This is why cloud-based service are taking over today. Cloud technology is rapidly taking over the industry since it produces real time decision making answers. Tell me if you understand this stuff. Accounting is hard to teach face to face, and even more challenging online. You must give me: Two paragraphs (5 sentences each) on what you're not getting by Wednesday July 15th; read the chapter first! You could pick a concept that you don't understand and tell us what you know in one paragraph and what still remains unclear in the second paragraph..this is just a suggestion. The 2 paragraphs are required because I need you to delve into the chapter, share your insight, and get your peers involved AND One topic within this chapter that puzzles me a little bit has to do with auditing. Auditing is the process of reviewing the records used to prepare financial statements. An accountant issues feedback, an auditor's opinion, which elaborates on how well the statements align with the accepted accounting rules. The accountants feedback is important in regards to the company's annual report. My question is, what ARE the accepted accounting rules? What are the standards that the accountant looks to critique the statements on? A lot of people may be overwhelmed by all of the big numbers and certain equations that come with accounting. The truth is that the overall picture may look scary, but breaking things down can help make these equations look easier to assess. For example, when looking at a big long balance sheet, the best thing to do would be to break things down in a way that is easier to read. All in all, these balance sheets are just a bunch of numbers being added or subtracted to reach an ending result. The main part of the balance sheet is identifying the assets to liabilities and so forth, that factor into the end result. Tunderstand and enjoy balancing accounting equations. It's an easier concept for me to remember. However, the steps to the accounting cycle is difficult for me to remember and truly understand. The order throws me off but remembering that it starts and end with analyzing helps. Income statements are also difficult for me to analyze. I believe it's due to the dollar amounts being placed in different columns. Overall in financial accounting there are many different equations. Personally, I struggle with remembering how to calculate and retrieve specific numbers. Some equations are easier to remember than others, like the accounting equation and net profit/losses. This is why cloud-based service are taking over today. Cloud technology is rapidly taking over the industry since it produces real time decision making answers