Assignment :
1. Demonstrate an understanding of basic accounting concepts and how these apply apply to business
2. Outline and contrast cash and accrual bases on accounting
3. Prepare a range of financial statements
4. Distinguish the activities of a service business from those of a merchandising business and explain how accounting systems work for these businesses
5. Demonstrate an understanding of the various methods to monitor inventory
6. Describe the nature of cash and importance of internal control over cash
REPORT REQUIREMENTS
1. word lenght of 2500 words ( includes introduction- conclusion/recommendation)
2. Citations: minimum of 3 sources . Peer review are the strongest , web page are the weakest
3. APA citations and referencing.
4. MS word version 2007 or earlier , time new roman, 12 point font , double spaced
