LCBB 4001 Accounting Fundamentals
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Following are five major parts to the accounting process as per the course LCBB 4001 Accounting Fundamentals, which include:
- Recording
- Interpreting
- Classifying
- Analyzing
- Reporting financial information
Bookkeeping is the very first foundational part of the accounting process
Following are the Principles of Accounting as per the course LCBB 4001 Accounting Fundamentals:
- Revenue Recognition Principle
- Historical Cost Principle
- Matching Principle
- Full Disclosure Principle
- Objectivity Principle
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