Posted: May 4th, 2016

What is a business transaction?

These concepts must be discussed within the paper: an overview of managerial accounting and the business environment, cost term concepts and classifications; cost behavior analysis and use; cost-volume-profit relationships; variable costing (a tool for management); activity based costing (a tool to aid decision making); profit planning, standard costs and the balanced scorecard; flexible budgets and overhead analysis; relevant costs for decision making; financial statement analysis (how well am I doing).Write a paper that discusses the principles of financial accounting. No references or specific style is required.

This paper must include the following concepts: transactions, recording, financial statements, account analysis, accounting equation, journalizing transactions, debits and credits, journalizing with pre and post- trial balance, adjusting entries, accounting cycle, journal AJE’s, closing JE’s, working with the worksheet-balance sheet, merchant operations, purchases, sales, inventory, COG’s available, FIFO, LIFO, average cost, CGAS, gross profit inc. stmt., internal control, cash, identify internal control principles, bank recon., note interest, JE’s for bad debts, allowances, JE’s for receivable transactions, plant assets, transaction analysis, dep