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TACC101 Financial Accounting Principles

Financial Accounting is a branch of accounting that deals with the summary, analysis, and reporting of financial transactions of a business. The course's goal is to give students the knowledge and skills they need to understand how to prepare financial statements and the importance of accounting information in business decision-making. Students will learn key accounting principles and procedures such as record keeping, journal entries, ledger posting, trial balance, adjusting, and closing entries.