What are management information systems MIS What purpose do these systems serve in organizations?

What is accounting? How do companies use information from their accounting systems and statements?

What is an audit?

What is the difference between managerial and financial accounting? Note: Each of you will likely take both a managerial and a financial accounting class...its important that you know the difference in what you are studying in these classes

What does the balance sheet measure? What is the Accounting Equation used in a balance sheet?

What is an income statement? Explain the components or equation of the income statement.

What is a statement of cash flows? Explain the components or equation of the statement of cash flows.