Unit 2 DB - Unit 2 Accounting Cycles Tammi Pierce American...

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Unit 2 Accounting Cycles Tammi Pierce American InterContinental University I selected a company that I am familiar with from the transportation industry. That company is United Parcel Service Inc. (UPS). Below you will see I collected the 4 main financial statements from credible sources (e.g., nationally syndicated newspapers, peer-reviewed journals, investor relations, Web sites or annual reports. Then I created a flow chart that illustrates the steps in the accounting cycle. I also included any other relevant information in the chart that would apply within the steps. While reviewing the financial statements, I focused my attention on the expenses and revenues incurred by the company. After completing this assignment I understand the meaning & effects of transactions on revenues, expenses, assets, liabilities & capital. Also, distinguish and analyze the composition of “Capital” for unincorporated & incorporated for-profit entities.
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This note was uploaded on 01/01/2012 for the course ACCT 205 taught by Professor Wendyw.achilles during the Spring '10 term at American InterContinental University.

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Unit 2 DB - Unit 2 Accounting Cycles Tammi Pierce American...

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