week of January 23

Accounting & Finance students are about to finish a cycle of work for a proprietorship.  We have journalized transactions, posted to the ledger, prepared a worksheet to summarize the fiscal period, and will be completing financial statements and end of period closing entries this week.  They are learning the "language of business" and should have good understanding of terms like assets, liabilities, capital, debits/credits, balance sheet, income statement, etc.