LO1-01: Discuss accounting as the language of business and the role of accounting information in making economic decisions.
LO1-02: Discuss the significance of information systems in generating reliable accounting information and understand the five components of internal control.
LO1-03: Explain the importance of financial accounting information for external parties - primarily investors and creditors - in terms of the objectives and the characteristics of that information.
LO1-04: Explain the importance of accounting information for internal parties - primarily management - in terms of the objectives and the characteristics of that information.
LO1-05: Discuss elements of the system of external and internal financial reporting that create integrity in the reported information.
LO1-06: Identify and discuss several professional organizations that play important roles in preparing and communicating accounting information.
LO1-07: Discuss the importance of personal competence, professional judgment, and ethical behavior on the part of accounting professionals.
LO1-08: Describe various career opportunities in accounting.