This course introduces students to the fundamental principles and procedures of accounting. Students will develop financial analysis and decision-making skills that will assist them in future studies and/or career opportunities in business. Students will acquire an understanding of accounting for a service and a merchandising business, computerized accounting, financial analysis, and ethics and current issues in accounting.
Pre-requisite(s): None
Course Syllabus
Unit 1: Introduction to accounting
Lesson 1: Introduction to accounting and the balance sheet
Lesson 2: Balance sheet transactions
Lesson 3: The income statement
Lesson 4: The journal
Lesson 5: The journal, ledger, and trial balance
Unit 2: Completing the accounting cycle for a service business
Lesson 6: The worksheet
Lesson 7: Adjustments
Lesson 8: The worksheet and financial statements
Lesson 9: Merchandising businesses
Lesson 10: Merchandising accounts
Unit 3: Completing the accounting cycle for a merchandising company
Lesson 11: Internal control systems and procedures
Lesson 12: Petty cash and bank reconciliation
Lesson 13: Adjusting entries for a merchandising company
Lesson 14: Completing the accounting cycle for a
merchandising company
Lesson 15: Interpreting accounting data
Unit 4: Accounting software, budgeting, forms of business organization, and careers and ethics in accounting
Lesson 16: Budgets and accounting systems
Lesson 17: Technology and accounting
Lesson 18: Using accounting software
Lesson 19: Forms of business organization: Sole proprietorship,
partnerships, and corporations
Lesson 20: Careers in accounting
