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GAAP in Accounting

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Generally accepted accounting principles
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  © The McGraw-Hill Companies, Inc., 2006 McGraw-Hill/Irw1in Fundamental Accounting Principles  © The McGraw-Hill Companies, Inc., 2006 McGraw-Hill/Irw2in Accounting in Business  © The McGraw-Hill Companies, Inc., 2006 McGraw-Hill/Irw3in Learning objectives  Conceptual:  C1: Explain the purpose and importance of accounting in the information age.  C2: Identify users and uses of accounting.  C3: Identify opportunities in accounting and related fields.  C4: Explain why ethics are crucial to accounting.  C5: Explain the meaning of GAAP, and define and apply several key principles of accounting.   Analytical:    Define and interpret the accounting equation and each of its components.  © The McGraw-Hill Companies, Inc., 2006 McGraw-Hill/Irw4in Learning objective C1: Explain the purpose and importance of accounting in the information age.  
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