• Watch the video titled, Bookkeeping (5 min 46 s) from the lynda.com video series Accounting Fundamentals with Kay Stice and Jim Stice athttp://www.lynda.com/Business-Accounting-tutorials/Bookkeeping/158665/176132-4.html?org=strayer.edu. Next, consider the following statement: Bookkeeping and accounting are the same. In terms of your role in the provision of financial services, present data to support the accuracy of this statement and support your position.
• Watch the video titled The Basic Accounting Equationhttps://www.youtube.com/watch?v=cLG7K6Sq9K4(6 min 33 s). Next, analyze the accounting equation as a concept that underpins the work of professional accountants and how an understanding of the equation can impact business decision making.