respond to EACH question as it relates to the subsequent Course Student Learning Objective (CSLO). Please note that each CLSO corresponds to a specific set of chapters in our textbook (Financial Accounting: Tools for business decision making by Kimmel, P. D., Weygandt, J. J., & Kieso, D. E., 2012, 7Th ed.), as well as the course lectures. Your answers will not be responsive for the (a) and (b) sections if you rely on Internet sources (such as Wikipedia) or streams-of-consciousness. Your response to section (d) for each CSLO is your opportunity to augment your knowledge in the subject area. Education should be transformational. My objective is to ensure you absorb the materials provided through this course, and is able to apply these concepts and methods in the real business world. All submittals must be turned into the EMS in MS word format only. CSLO One: Apply the concepts, analytical techniques, and conventions of basic accounting in both the academic and practice environments. 1a. Describe THOUGHTFULLY why it is important to understand the application of concepts, analytical techniques, and conventions of basic accounting in both the academic and practice environments. (At least one paragraph.) 1b. Describe THOUGHTFULLY how you learned to apply these concepts and analytical techniques.. Give ONE example from your personal experience of the learning process. (At least one paragraph.) 1c. Discuss in at least ONE WELL-DEVELOPED paragraph your ORIGINAL personal insights about understanding and application of the concepts, analytical techniques, and conventions of basic accounting in both academic and practice environments. 1d. Did this learning outcome change the way you thought about the topic? Now that we covered the topic, was it valuable or should it be changed? Justify your answer. CSLO Two: Understand the relationship between financial statements, how it interacts with each other, and how it affects other financial statements. 2a. Describe THOUGHTFULLY why it is important to understand the relationship of financial statements, how it interact with each other, and how it affects other financial statements. (At least one paragraph.. 2b. Describe THOUGHTFULLY how you learned to distinguish and differentiate each financial statements, and its purpose and use. Share with me in one more paragraph how these financial statements are used in business decision making. Give ONE example from your personal experience of the learning process. (At least one paragraph.) 2c. Discuss in at least ONE WELL-DEVELOPED paragraph your ORIGINAL personal insights about understanding the importance in understanding the relationship between financial statements. 2d. Did this learning outcome change the way you thought about the topic? Now that we covered the topic, was it valuable or should it be changed? Justify your answer. CSLO Three: Differentiate and understand the differences between cash basis and accrual basis accounting. 3a. Describe THOUGHTFULLY why it is important to understand the difference between cash basis and accrual accounting. (At least one paragraph.) 3b. Describe THOUGHTFULLY how you learned to understand the concept of cash basis and accrual basis accounting. Give ONE example from your personal experience of each learning process. (At least one paragraph.) 3c. Discuss in at least ONE WELL-DEVELOPED paragraph your ORIGINAL personal insights about understanding and the application of cash basis and accrual basis accounting. 3d. Did this learning outcome change the way you thought about the topic? Now that we covered the topic, was it valuable or should it be changed? Justify your answer. CSLO Four: Knowledge and application of journal entries and recording on a ledger. 4a. Describe THOUGHTFULLY why it is important to understand the application of journal entries and recording on a ledger. . 4b. Describe THOUGHTFULLY how you learned to understand the application or use of journal entries and recording on a ledger. Give an example of a transaction with its journal entry and corresponding ledger posting. 4c. Discuss in at least ONE WELL-DEVELOPED paragraph your ORIGINAL personal insights about understanding the recording journal entries and recording on a ledger. 4d. Did this learning outcome change the way you thought about the topic? Now that we covered the topic, was it valuable or should it be changed? Justify your answer. CSLO Five: Prepare an income statement, statement of owners equity, and a classified balance sheet. 5a. Describe THOUGHTFULLY why it is important to be able to prepare an income statement, statement of owners equity, and a classified balance sheet. (At least one paragraph.) 5b. Describe THOUGHTFULLY how you learned to understand how to prepare the three financial statements. (At least one paragraph.) 5c. Discuss in at least ONE WELL-DEVELOPED paragraph your ORIGINAL personal insights about understanding the importance in preparing an income statement, statement of owners equity, and a classified balance sheet. 5d. Did this learning outcome change the way you thought about the topic? Now that we covered the topic, was it valuable or should it be changed? Justify your