ACC 290 Week 2 Learning Team Reflection ACC 290 Week 2 Learning Team Reflection Discuss the objectives for Week One. How do they relate to the practice of accounting and its uses in business? Identify the four basic financial statements. Classify transactions using the rules of debit and credit. Journalize basic transactions. Discuss how financial statements would be useful to external users such as investors and creditors. Write a 350- to 500-word summary of your Learning Teamâ€™s discussion.