Title: Credit Unit 2 Introduction
Course: SkillsCom BA 211 15.0 > Section: Credit Unit 2 Module 1

We will learn how to account for inventory in a merchandising business and learn the framework for internal control in this Credit Unit.

Course Outcomes:

- Use the accounting cycle to develop financial statements from business transactions.
- Analyze basic business economic events to determine their effect on accounts and financial statements.
- Interpret and analyze financial statements to aid in decision making.
- Demonstrate a basic understanding of the principles of internal control and apply them to relatively straight-forward situations to identify strengths and weaknesses.
- Interpret and analyze accrual and cash flow information presented in accounts.
- Analyze issues relating to inventory, receivables, long-lived assets, liabilities and stockholder’s equity and recommend appropriate accounting treatment.
- Describe basic generally-accepted accounting principles.