Accounting- recording, transaction, financial

Accounting cycle

Financial Nature

Information system (input data = process ni accounting or system = report output, information)

Tax- compute tax ,income and expenses

Accounting research- surveys

Corporations- juridical personality, shareholders gives capital on corporations, board of directors are like
classroom representatives( internal ), shareholders (are owners of corporation but not board of
directors they are external users)

Advantages Corporations: board of directors they can manage the corporations

Cooperatives= buyers , gives tax exception,

Merchandise- retail prices, wholesale

Hybrid business- hotel, restaurant

Concepts and principles

Business entity concept