uop acc290 week 2 Learning Team Weekly Reflection

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Description

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.

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