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URL:https://www.learndesk.us/class/6613772330336256/lesson/22544627653cdea6179b7df2f703e89e?ref=outlook-calendar
SUMMARY:9.1 Introduction to Accounting in Business
DTSTART;TZID=America/Los_Angeles:20260407T190000
DTEND;TZID=America/Los_Angeles:20260407T200000
LOCATION:https://www.learndesk.us/class/6613772330336256/lesson/22544627653cdea6179b7df2f703e89e?ref=outlook-calendar
DESCRIPTION: What is Accounting?
Accounting is an information system that identifies, measures, records, and communicates information that objectively and correctly represents an organization’s economic activities. Its objective is to help people make better decisions.
What is Recordkeeping?
Recordkeeping, or bookkeeping, is the recording of financial transactions, either electronically or manually for the purpose of creating a bank of data that is complete, neutral, and free from errors.
Forms of organization
Sole Proprietorship

One owner
Separate entity for accounting purposes
Not a separate legal entity from the owner
Unlimited liability
Limited life
Owner taxed on profits

Partnership

Two or more owners
Separate entity for accounting purposes
Not a separate legal entity from the owners
Unlimited liability
Limited life
Owners taxed on profits

Corporation

One or more owners
Separate entity for accounting purposes
The separate legal entity from the owner(s)
Limited...

https://www.learndesk.us/class/6613772330336256/lesson/22544627653cdea6179b7df2f703e89e?ref=outlook-calendar
STATUS:CONFIRMED
SEQUENCE:3
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