Identify users and uses of accounting. Explain why ethics are crucial to accounting. Explain generally accepted accounting principles and define and apply several accounting principles. Define and interpret the accounting equation and each of its components.

Explain the purpose and importance of accounting.
Identify users and uses of accounting.
Explain why ethics are crucial to accounting.
Explain generally accepted accounting principles and define and apply several accounting principles.
Define and interpret the accounting equation and each of its components.

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