ACC 290 Week 1 participation Financial Accounting, Ch. 1: Introduction to Financial Statements

Read Ch. 1 of Financial Accounting.

Consider the following as you read:

Every industry has language and processes unique to its sector, and the business world is no different. Accounting is known as the language of business, and anyone seeking to understand how business works must become familiar with accounting. As you go through the lessons in this chapter consider the following:

• How does one determine which form of business is most suitable?
• What is the purpose of accounting information?