Reflect on this financial accounting course and identify 2 s…
Reflect on this financial accounting course and identify 2 specific learning points that you believe you will carry with you into your career or personal life. For each learning point:Clearly describe the concept or skill you learned.Explain how or why this learning point will be important to you in the future, whether as an employee, manager, business owner, investor, or informed consumer.Provide a specific example or situation in which you expect to use or apply this knowledge.Each learning point and its explanation is worth 10 points. These are more than one sentence answers. Your response should demonstrate thoughtful reflection on the course and show how financial accounting extends beyond the classroom into real-world decision-making.Possible topics include (but are not limited to):Purpose of financial statementsThe purpose of accountingUnderstanding and reporting of depreciationAccounting for inventoryAccounting for liabilitiesHow gift cards are reported in financial statements (and why). How does the purchase of a gift cards affect a business?PayrollInvestmentsTime-value-of money (present value and future value concepts)Accounts ReceivableThere are many more topics. If you can relate it to this course, feel free to use it as one of your examples.