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Popular Accounting Topics

Accounting for Merchandising Activities
Debits and Credits (Double Entry Accounting)
Time Value of Money & Present/Future Values
Complex Debt & Equity Instruments
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Accounting & Finance Ratios
Valuing Common Stock
Corporate Income Taxes
Lower of Cost or Market (LCM) & Inventory Valuation
Chart of Accounts & Bookkeeping
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Audit Objective

Audit Objective is “to express an opinion on whether the f/s present fairly, in all material respects, the financial position, results of operation and changes in financial position in accordance with generally accepted accounting principles…In the performance of an audit of f/s, the auditor complies with generally accepted auditing standards (GAAS), which relate to the auditor’s qualifications, the performance of the audit and the preparation of his or her report”. (CICA HB)

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