Ais sua - Study guides, Class notes & Summaries

acc 305 sua quiz 1designed to collect data, process it, and report info to a diverse group of decision makers AIS purpose - correct answer help you develop professional judgement and confidence in your ability to analyze unstructured problems Financial Statements - correct answer represent the accumulated total of all accounting transactions in which they company has been involved since inception transactions - correct answer exchanges between a company and another party or adjustments ...

SUA Chapter 1 Latest 2023 Graded A+ Steps in the Accounting Process 1. Transactions Occur 2. Prepare Documents 3. Record in Journals 4. Post to Ledgers (do at end of every month) 5. Prepare Unadjusted General Ledger Trial Balance (do at end of year) 6. Prepare and Post Adjusting Entries 7. Prepare Adjusted Trial Balance 8. Prepare Financial Statements 9. Prepare Closing Entries NEW YEAR - repeat #1-9 Recording Transactions Requires: 1. Identify the exchanges or adjustments that must be recorded...