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Textbook Notes for Professor Hagigi

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BUQST AC 221Professor HagigiFall

QST AC 221 Chapter Notes - Chapter 1: Deferral, Client Confidentiality, Financial Accounting Standards Board

OC21646206 Page
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Accounting - an information system that measures business activities, processes data into financial statements and reports, and communicates results to
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BUQST AC 221Professor HagigiFall

QST AC 221 Chapter Notes - Chapter 3: Trial Balance, Accrual

OC21646202 Page
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Explain how accrual accounting differs from cash-basis accounting. Accrual accounting - records the impact of a business transaction as it occurs. When
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BUQST AC 221Professor HagigiFall

QST AC 221 Chapter Notes - Chapter 2: Trial Balance, The Ledger, Financial Statement

OC21646202 Page
0
Recognize a business transaction and the various types of accounts in which it can be recorded. Transaction - any event that has a financial impact on
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