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

1. Describe the nature and purpose of financial accounting.
2. Record transactions and prepare financial statements (income statement, statement of owner's equity, balance sheet) for a sole proprietorship.
3. Implement the proper accounting procedures for a merchandising company that carries inventory.
4. Implement the proper accounting procedures for current assets.
5. 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 themostand which has had theleastimpact 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.