Objective:
The course objective is to introduce students to the ways in which accounting principles are used in business operations.
Learning Outcomes:
- Financial statements including assets, liabilities, and equity. Business ethics also are discussed
- Identify and use Generally Accepted Accounting Principles (GAAP) ledgers and journals throughout the steps of the accounting cycle
- Bank reconciliation methods
- Balance sheets including assets and liabilities
General Course Topics:
- Accounting for business today
- Recording business information
- Financial statements
- Journalizing and posting transactions
- Preparing adjusting entries
- Adjusted trial balance
- The accounting cycle
- Assets - cash and controls
- Assets - sales and receivables
- Assets -inventory valuation
- Acquisition of property, plant, and equipment
- Liabilities - purchasing and payables
- Liabilities - notes payable and other current liabilities
- Liabilities - employee and payroll accounting
- Accounting information systems