BCIT : : FMGT 1100 - Accounting 1 The following dates will be HELD IN CLASS, Midterm: October 19th, Midterm Review: October 26th & Final: November 23rd. Accounting 1 students require ONLY Volume 1 of the text by Wiley, however, if students are planning to continue into FMGT 2100 - Accounting 2, they are advised to purchase the 2 Volume set. This is not a self-paced course. Accounting Chapter 1 Flashcards | Quizlet The private-sector group that currently has the authority to establish generally accepted accounting principles in the United States is the. FASB. Java Midterm. 18 terms. india2746. Accounting Chapter 18 Quiz. 36 terms. india2746. OTHER QUIZLET SETS. Econ 4 - Chapters 1-3. 44 terms. marcusliou. Accounting Exam 1 Review Flashcards | Quizlet The major goal of Financial Accounting is the preparation of a balance sheet, a statement of stockholders' equity, a statement of cash flows, and an income statement. These statements must be prepared in accordance with a well defined set of conventions and rules called generally-accepted accounting principles.