Title: Module 1 Introduction: (CU1 M1) Nature and Terminology of Business Activities
Course: SkillsCom BA 211 15.0 > Section: Credit Unit 1 Module 1

This Module begins with a discussion of understanding the role of business. Accounting is the process of recognizing, measuring, recording, and reporting information about a business. A business is defined as a legal organization which attempts to create value by exchanging products with customers for money. There is a discussion of the concept of value. Key terms and stakeholders are defined.

Module Outcomes:

- Understand the interrelationship of accounting to other areas of business.
- Have familiarity with generally accepted accounting principles.