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At a minimum, after completing this course you should be able to:

• Understand Generally Accepted Accounting Principles (GAAP), their use and application in transactional reporting and financial statement preparation and presentation.

• Prepare journal entries, adjustments and the basic financial statements.

• Understand the accounting information system concepts and applications, as well as relevant account analyses.

• Analyze and assess a company’s operational performance and financial position using various financial statement ratios.

• Prepare bank reconciliation and the related adjusting entries.