Alexa D.

Dionisio 12 ABM 1

Fundamentals in Accounting and Business Management is a curriculum that focuses on

financial performance, both vertical and horizontal analyses, and the creation of financial
statements for services companies and retail businesses. Future business owners' ability to
analyze financial statements and make wise financial decisions will be enhanced by their
knowledge and expertise in this area. This information is essential for me as an ABM student
because I will likely need it in my future professional endeavors. Today, accounting is thought of
as the methodical gathering and evaluation of data relating to the financial operations of a
business. The ability to transmit pertinent information across and among information
providers and end consumers is another of accounting's most crucial goals.

The ABM Strand track will, first and foremost, provide you with a lot of possibilities to
establish and manage your firm. In addition to learning how to manage your time effectively,
you'll also build a wide range of other abilities that will be useful in almost any field you decide
to explore. I, this course has made it easier for me to understand many fundamental accounting
concepts, such as identifying who the users and stakeholders are, and how they relate to assets,
liabilities, stockholders, and vital financial statements. I also discovered that transactions must
be recorded using the double-entry method, which requires that each transaction be
represented by an entry with equal debits and credits.

In particular, I should be knowledgeable about financial transactions like withdrawals

and deposits. Learning FABM will help me to know how the Accounting process works. You'll be
able to assess your company's financial health independently if you have a solid foundation in
accounting. You can gain an insightful understanding of this information and present
suggestions for improvement to top management. In the end, knowing the financial situation of
your firm will make you more efficient in your work.