Demonstrate acquisition of a range of academic skills
Assignment ID: FG133288760 , Length: word count:1200 Ways of Learning About the Social World Learning outcome 1: Demonstrate ways of learning and knowing about society
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Financial statements: Understanding and analyzing financial statements, including the balance sheet, income statement, and cash flow statement.
Journal entries: Recording financial transactions using debits and credits, understanding the basic principles of double-entry bookkeeping.
Adjusting entries: Making necessary adjustments to financial statements at the end of an accounting period, including accruals, deferrals, and estimates.
Depreciation and amortization: Calculating and recording depreciation expense for tangible assets and amortization expense for intangible assets.
Cost accounting: Analyzing and allocating costs to products or services, including methods such as job costing, process costing, and activity-based costing.
Budgeting and forecasting: Preparing budgets, variance analysis, and using financial data to make predictions and projections.
Internal controls: Understanding the importance of internal controls to safeguard assets, prevent fraud, and ensure accuracy and reliability of financial information.
Financial ratios: Analyzing financial ratios to assess a company’s liquidity, profitability, solvency, and efficiency.
Inventory valuation: Understanding different methods of inventory valuation, such as FIFO (First-In, First-Out) and LIFO (Last-In, First-Out).
Auditing: Familiarity with auditing concepts and procedures, including internal and external audits, audit reports, and the role of auditors.
Assignment ID: FG133288760 , Length: word count:1200 Ways of Learning About the Social World Learning outcome 1: Demonstrate ways of learning and knowing about society
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