Economics Homework Help

SLO-01 Use basic accounting terminology and the assumptions, principles, and constraints of the accounting environment. SLO-02 Identify the difference between accrual and cash basis accounting. SLO-03 Analyze and record business events in accordance with U.S. generally accepted accounting principles (GAAP). SLO-04 Prepare adjusting entries and close the general ledger SLO-05 Prepare financial statements in an appropriate U.S. GAAP format, including the following: income statement, balance sheet, statement of cash flows, and statement of owner’s equity. SLO-06 Analyze and interpret financial statements using financial analysis techniques. SLO-07 Describe the conceptual differences between International Financial Reporting Standards and U.S. generally accepted accounting principles.