 | CAP Learning Objectives
(See related pages)
Conceptual
- Explain the purpose and importance of accounting in the information age.
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- Identify users and uses of accounting.
- Identify opportunities in accounting and related fields.
- Explain why ethics are crucial to accounting.
- Explain the meaning of generally accepted accounting principles, and define and apply several key principles of accounting.
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| | | Analytical
- Define and interpret the accounting equation and each of its components.
- Analyze business transactions using the accounting equation.
- Compute and interpret return on assets.
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| | | Procedural
- Identify and prepare basic financial statements and explain how they interrelate.
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