Objective:
The course objective is to examine accounting principles, such as interpreting financial statements, balance sheets, and profit and loss statements.
Learning Outcomes:
- analyze financial documentation
- compare types of businesses such as partnerships, corporations, and others
- Differentiate adjusted and closing trial balances and more
- break down major accounting principles, such as the accounting cycle
- compile balance sheets, income statements, and statements of cash flows
- appraise corporate accounting practices
- illustrate how businesses use rations to create financial forecasts
- apply the accounting equation and evaluate return on equity
- evaluate methods for calculating inventory
General Course Topics:
- Business ownership types
- Key accounting concepts
- Journals and ledgers in accounting
- Accounting equations and formulas
- Financial statements, balance sheets and income statements
- Analyzing financial statements
- Financial statement ratios
- Accounting for inventory
- Accounting for
depreciation
- Accounting for compensation, taxes and liabilities
- Adjustments and closing entries
- Corporate accounting
- Departmentalized accounting
- Taxation for corporations
- Business and financial
forecasting