Perform steps in the accounting cycle

Reference no: EM133235258

Assignment - Accounting Reflection Paper

Description - Provide your end of course reflections to include the following: In terms of course content what were two of the most important things you learned? (Analyze the balance sheet and financial statements.) What did you like most about the course? (Understanding fundamental accounting terminologies and completing weekly MyLab assignments.) What would you change if you could? ( I would not change anything.)

Use APA formatting with a proper cover page, two in-text citations, and a reference page. Don't forget to have a strong introduction paragraph with a good thesis statement and a concluding paragraph. See the following hints:

The First Paragraph: The Introduction

Describe your main idea, or what the essay is about, in one sentence. ...

Develop a thesis statement, or what you want to say about the main idea. ...

List three points or arguments that support your thesis in order of importance (one sentence for each).

The Last Paragraph: The Conclusion

Restate thesis statement;

Get the main idea from the first paragraph of your essay body;

Get the main idea from the second paragraph of your essay body;

Get the main idea from the third paragraph of your essay body;

Conclude all your main thoughts.

Lessons Learnt:

1. Interpret financial statements

2. Ability to value, record and classify business transactions.

3. Define and use accrual and cash basis of accounting and inventory systems.

4. Analyze balance sheet and financial statements.

5. Perform steps in the accounting cycle including adjusting entries, closing entries and preparation of income statements and balance sheets.

Reference no: EM133235258

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