I believe you already have a great understanding of financial accounting. In these two weeks, we will take some time to review the first four chapters of financial accounting. Please be patient. Build a solid foundation will enhance your confidence and make the managerial accounting part much easier.
This discussion is an opportunity for us to dive deeper, think critically, and call on in-depth thinking as we engage in conversation. Your initial post should be at least 150 words and include three parts: Remember, Understand, and Analyze (use these 3 hashtags in front of your answers)
- #Remember What is the rule of Debit and Credit? Please feel free to use your own word and accounts to explain.
- #Understand Please describe the accounting cycle including all the steps.
- #Analyze Please use a real-world example to explain why the hospitality industry needs to communicate with external decision makers using financial accounting.
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