uop acc290 week 2 Learning Team Weekly Reflection

uop acc290 week 2 Learning Team Weekly Reflection

Question

Learning Team

Weekly Reflection

Discuss the objectives for Week One. How do they relate to the practice of accounting and its uses in business?

· Identify the four basic financial statements.

· Classify transactions using the rules of debit and credit.

· Journalize basic transactions.

· Discuss how financial statements would be useful to external users such as investors and creditors.

Write a 350- to 500-word summary of your Learning Team’s discussion.