Step 1 of the Quantitative Strategic Planning Matrix (QSPM) Assigns

question 117

True/False

Step 1 of the Quantitative Strategic Planning Matrix (QSPM) assigns weights to each key external and internal factor.

Be familiar with fundamental accounting system elements such as the chart of accounts, journal, and ledger.

Understand the structure and purpose of the classified balance sheet and its components.

Understand the sequence in which financial statements should be prepared.

Identify and classify different types of accounts (assets, liabilities, equity, revenues, and expenses) and understand their roles in financial accounting.