FINANCIAL ACCT-CONNECT
FINANCIAL ACCT-CONNECT
8th Edition
ISBN: 9781266627903
Author: Wild
Publisher: INTER MCG
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The expanded accounting equation consists of assets, liabilities, capital, withdrawals, revenues, and expenses. It can be used to reveal insights into changes in a company’s financial position. Required 1. Form learning teams of six (or more) members. Each team member must select one of the six components and each team must have at least one expert on each component: (a) assets, (b) liabilities, (c) capital, (d) withdrawals, (e) revenues, and ( f ) expenses. 2. Form expert teams of individuals who selected the same component in part 1. Expert teams are to draft a report that each expert will present to his or her learning team addressing the following: a. Identify for its component the (i) increase and decrease side of the account and (ii) normal balance side of the account. b. Describe a transaction, with amounts, that increases its component. c. Using the transaction and amounts in (b), verify the equality of the accounting equation and then explain any effects on the income…
Research the topic "data analytics". After completing the research: Describe the understanding of data analytics. Be sure to include its impact on the accounting community and financial accounting specifically. Why does one think it is a major focus of the updated CPA exam?
As a company's management accountant you would: Select one: а. Be involved in the yearly reporting of financial performance b. Be primarily concerned with the reporting of past data C. Prepare plans and forecasts for the future activities of the business d. Be primarily concerned with providing information to shareholders on how management are doing

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FINANCIAL ACCT-CONNECT

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The ACCOUNTING EQUATION For BEGINNERS; Author: Accounting Stuff;https://www.youtube.com/watch?v=56xscQ4viWE;License: Standard Youtube License