Title: Module 1 Introduction: (CU2 M1) Accounting for a Merchandising Business
Course: SkillsCom BA 211 15.0 > Section: Credit Unit 2 Module 1

This Module first describes the supply chain of a merchandising business, focusing on the relationship between manufacturers, wholesalers, retailers, and customers. Following an illustration of the supply chain, both the periodic and perpetual inventory systems are defined; however, only the perpetual inventory system is emphasized. The Module briefly covers adjusting inventory based on a physical count.

Module Outcomes:

- Understand the components of the accounting system and how they interact.
- Have familiarity with generally accepted accounting principles.
- Analyze financial statements.
- Interpret the effect of business transaction on the accounting system.