In your own words, explain the recording process and the accounting equation to someone who has no accounting experience.

Week 1 Discussion

• Introduce yourself to the class and explain the key takeaways you hope to achieve through the successful completion of the course.
• Explain the major advantages of a business owner with minimal accounting experience maintaining the company’s book. Then explain the disadvantages.
• Analyze the major impact to the users of accounting statements if the statements are prepared in error.
• Provide support for your position.

Week 2 Discussion

• In your own words, explain the recording process and the accounting equation to someone who has no accounting experience.
• Then, give your opinion on the elements or areas that might cause the most confusion or be the most difficult to grasp.
• Provide support for your conclusion.