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SALT COLLEGE OF APPLIED ARTS AND TECHNOLOGY SALT STE. MARIE, ONTARIOSault CollegeCOURSE OUTLINE COURSE TITLE:TAXATIONCODE NO. :ACC231PROGRAM:ACCOUNTINGAUTHOR:G. DUNLOP Grant.Dunlop@saultcollege.ca
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Gather all necessary financial documents such as income statements, balance sheets, and cash flow statements.
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Enter all financial transactions into the accounting software or ledger.
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Ensure that all transactions are accurately categorized (e.g. expenses, revenues, assets, liabilities).
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Reconcile financial accounts to ensure accuracy and identify discrepancies.
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Generate financial reports such as profit and loss statements, balance sheets, and cash flow statements.
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Review financial reports to analyze the financial health of the business and make informed decisions.

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Business accounting refers to the process of recording, analyzing, and interpreting financial information related to a business.
All businesses, regardless of size or structure, are required to file business accounting.
Business accounting can be filled out using accounting software or manually by recording financial transactions such as income, expenses, and assets.
The purpose of business accounting is to provide insight into the financial health of a business and to facilitate decision-making.
Information such as revenue, expenses, assets, liabilities, and equity must be reported on business accounting.
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