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Chapter 1 lecture notes - Instructor Kenny Zheng AIM 2301...

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Lecture Week 1 Part 1 Financial Accounting Basics Instructor Kenny Zheng AIM 2301 Intro Financial Accounting
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Lecture Outline Introduction to Accounting Business Activities and Financial Statements Overview Balance Sheet Valuation Income Statement Valuation 1
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Accounting Accounting is a system of measuring and reporting results of business activities to interested users. Introduction to Accounting Who are users of financial statements? What decisions are faced with? What type of accounting report would be useful in these decisions? 2
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