Write no more that 5 sentence of each topic. topic 1. Describe the nature of a business, the role of accounting, and ethics in business, & Describe and illustrate the use of horizontal analysis in evaluating a company's performance and financial condition.
Topic 2 Describe the nature of the adjusting process.
Topic 3 Describe the flow of accounting information from the unadjusted trial balance into the adjusted trial balance and financial statements.
Topic 4 Describe the importance of control over inventory, & Describe three inventory cost flow assumptions and how they impact the income statement and balance sheet.
Topic 5 Describe and illustrate the use of a bank reconciliation in controlling cash, & Describe the Sarbanes-Oxley Act of 2002 and its impact on internal controls and financial reporting.
Topic 6 Describe the common classes of receivables,& Describe the accounting for uncollectible receivables.
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