1.In your own words, what is financial accounting? Why is financial accounting important?
2.What is the accounting equation? Provide an example of each element of the equation.
: at least 150 words but no more than 300
:A word count must be included as a footnote, e.g. WC: 185
:at least two different references. example (p. 115, para. 5 or p. 114, Exhibit 3)