Unit 1 Principal of Accounting IP
assignment Type: Individual ProjectDeliverable Length: 3 pages Points Possible: 125Due Date: 2/16/2013 11:59:59 PM CT You have been asked to speak at a career fair for high school students in your home town. Specifically, you are making a presentation about your role as an accountant. Describe for the students the primary objectives of accounting. Explain the basic terminology of the accounting process or financial reporting. Explain how accounting has affected your personal life emphasizing professional ethics. Explain the role that technology has played in small business accounting. Please include APA in-text citations and references. Background on Course Research Requirements: In the business world, it is important to use research to strengthen points made in presentations and projects. Learning to use the search functions in databases for research is a crucial critical thinking skill that complements other research techniques. There are two main types of databases. The most popular databases are ABI Inform Global, Academic Search Premier, and Business Source Premier. You must stay away from inferior Web sites with anonymous writers; articles found on consultant Web sites; and materials on sites like QuickMBA.com, MarketingProfs.com, etc. Dictionaries and encyclopedias most often repeat the information from textbooks. Acceptable internet resources include, among others, government sites (especially for statistics).Wikipedia or any open source Web sites are not permitted. Please submit your assignment. Accounting Fundamentals If there is a universal truth in the world of business and finance, it is this: Never run out of cash! At the outset, this intuitive statement sounds like simple advice. When it comes to actually doing it, however, this task requires delicate and sound financial planning and control. After all, cash - whether cash inflow or cash outflow - runs throughout the whole business system and has to be traced and...