Accounting (A & B)

Through this course, students will gain a foundation in the skills needed for college accounting courses, office work, and managing their own small businesses. These skills are necessary for any student planning to major in Business in college. In this Introduction to accounting, students who have never had prior accounting training are given an overview of the three forms of accounting: financial, cost, and management accounting. The course helps build an appreciation for the role of accounting in managing a profitable business. It covers the basic concepts, conventions and rules of the double entry system. It introduces techniques to analyze ratios from the balance sheet. The concept of ethics, integrity, and confidentiality and rigor are woven through all the chapters.

Course Objectives:

After completing this course, the student will be able to:

• Post journals, prepare ledgers, and trial balance
• Prepare final accounts
• Reconcile between cash book and bank statements
• Apply accounting rules and principles to accounts of sole proprietorship, partnerships, and public corporation
• Analyze balance sheets using ratio analysis, measure financial health of the entity, make meaningful recommendations to improve the health
• Post payroll accounting information
• Describe the role of ethics in accounting

Prerequisites: None

Course Length: Two Semesters

Required Text: None required

Cost: $325.00 per student/per semester