Review of basic accounting fundamentals and principles.

1. Review of basic accounting fundamentals and principles. 2. Describe and apply the accounting principles for fixed and intangible assets 3. Describe and apply the accounting principles for payroll and other current liabilities 4. Describe and illustrate the accounting for forming and liquidating a partnership. 5. Demonstrate an understanding of the nature of a corporation including the recording of related financial events 6. prepare a Statement of Cash Flow by analyzing accounts and reporting the needed information to decision-makers. 7. Describe and illustrate the accounting for long-term obligations and investments in stocks and bonds. 8. Analyze financial statements and determine solvency and profitability. 9. Describe the role and function of management accounting. 10. Describe the use of cost-volume-profit analysis approach to decision making. 11. Understand the benefits of budgeting and the essentials of budget