Chapter 1: Accounting in Business
CONCEPT C1
Purpose, Users, and Opportunities
Who uses accounting information and why?
CONCEPT C2
Ethics and GAAP
Fundamental rules and ethical standards in accounting.
ANALYSIS A1
The Accounting Equation
Assets = Liabilities + Equity. The core balance.
ANALYSIS A2
Return on Assets (ROA)
Analyzing how efficiently a business uses its assets.
PROCEDURE P1
Transaction Analysis
Step-by-step impact of transactions on the equation.
PROCEDURE P2
Financial Statements
Preparing the Income Statement, Balance Sheet, and more.
🎮 INTERACTIVE
Interactive Learning
Accounting Equation Visualizer + T-Account Drag and Drop Exercises!
🎯 PRACTICE
Practical Case Simulation
Apply all Chapter 1 concepts in a realistic business scenario!