1. What are the basic elements of a financial accounting system (versus elements of the f/s)?
2. What are the rules for and from where do they originate?
3. What is a transaction?
4. What three basic questions must be answered when analyzing transactions?
5. What is the basic framework for analyzing transactions?
6. What is the Integrated Framework Approach to analyzing transactions?
7. What is liquidity?
8. What is profitability?
9. What are metrics of liquidity? Of profitability? Presented thus far in the textbook?
10. What controls exist in the analysis of transactions using the accounting equation and f/s?
11. How to analyze and summarize transactions in the accounting system (accounts and financial statements)?
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