ACCT/561- 3 substantive post

Accounting: Tools for Business Decision Making,

Paul D. Kimmel; Jerry J. Weygandt; Donald E. Kieso

Accounting: Tools for Business Decision Making, Ch. 3: The Accounting Information System

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Read pages 90-123. Consider the following as you read: What criteria are considered when identifying a business transaction? How are debits and credits used to record these transactions?

Accounting: Tools for Business Decision Making, Ch. 4: Accrual Accounting Concepts

Read pages 150-185. Consider: What is the theory behind the matching principle? In what method of accounting, accrual or cash, does the matching principle apply?

Respond using a minimum of 300 words.

Discussion 1

Read the assigned pages in Chapters 3 and 4 of our text. Identify an ACCOUNTING topic incorporated therein and explain it to the class. Include insight and examples to support your analysis.

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