Make recommendations related initial decisions a business owner needs to make including the amount of capital and cash required to start the

business. Identify capital and cash requirements. Include the initial transactions, and establish depreciation tables.

Define accounting, its uses, and the role of accountants in business

Explain how accounts are classified.

Explain the steps in the accounting cycle and how to prepare correcting entries

Apply accounting principles to properly record each classification and subclassification of accounts.