urses/1199381/discussion_topics/5656608 What does financial accounting provide? Look at the differences between Financial and Managerial accounting. V This answer also helps with question 2. Know the factors of Fraud Accounting. Slide 6. There are questions that cover slides 10 and 11. Know these assumptions and principles. Measurement or Cost Principle. You have to record the asset at what you paid for it. Not its tax worth, or market If you use cash to buy supplies, what happens? Cash goes down, supplies go up. Asset in, Asset out. No affect on What is Net Income? Can you define Assets, Liabilities, and Equity? What is an Asset? What is a Liability? What is the Accounting Equation? You did this for your HW and it is in slide 12 What happens with a Withdrawal? What is the owner doing? What is an Accounts Receivable? Can you solve for X with the Accounting Equation if you are missing a value? You did it on the homework. Now we are in Chapter 2 Know the accounting process, page 51, chapter 2, and slide 12. What is an Account? Slide 3 What are unearned revenues? How do they happen? What is a company Ledger? A record containing what? What is a chart of accounts? dos