Unformatted text preview: understanding these rules and using them to record the variety of transactions that every company has. Knowledge of accounting is power. It is called the “language of business” because it reports the status of a company in a manner that can be understood by anyone who understands accounting. The better you understand accounting the more capable you are of making informed and insightful decisions. This short course is an overview of four basic areas of accounting: financial, auditing, managerial, and taxation. My goal is to show you the basics of accounting. You will benefit from this knowledge whether you plan to major in accounting or some other area of business or never take another business class. My hope is that you will enjoy this material as much as I do....
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This note was uploaded on 01/06/2012 for the course BUS-A 100 taught by Professor Tiller during the Fall '08 term at Indiana.
- Fall '08