Course Reflection

To begin, reread the Course Learning Outcomes we have covered in class which are as follows:

Describe the nature and purpose of financial accounting.

Record transactions and prepare financial statements (income statement, statement of owners equity, balance sheet) for a sole proprietorship.

Implement the proper accounting procedures for a merchandising company that carries inventory.

Implement the proper accounting procedures for current assets.

Implement the proper accounting procedures for long-term assets.

For your initial discussion post, reflect on your learning throughout the course and answer the following questions:

Of the above Course Learning Outcomes, which has had the most and which has had the least impact on your learning? Elaborate your response.

Generally speaking, is accounting for proprietorships and partnerships, significantly different? List and explain at least two main differences for each.

How will you apply what you have learned in this class as a foundation for learning in other courses? Explain.

Are the concepts and skills learned in this class helpful to you in your career? Describe.

For your responses, comment on the similarities and the differences noted in your post as opposed to your classmates posts as far as the impact of the Course Learning Outcomes on your learning. Also discuss with your peers your thoughts concerning applying the course learning to future learning and in a career context.

Be sure to post at least one reference in support of your explanations and conclusions.