INTRODUCTION TO ACCOUNTING (4 Credits)

Learning Outcomes:

On successful completion of this Course, students will be able to: Explain the accounting concepts and principles as a basis in the preparation of financial statements, and the stages in the accounting cycle; Explain the operations of merchandising company and the accounting cycle for merchandising company; Explain the concept and methods relating to inventories, cash, accounts receivable, plant assets, liabilities, and equity of a company; Analyze the company’s financial condition by using the information in cash flow statement; Analyze the information stated in the financial statement.

Topics:

1. Accounting in Action;
2. The Recording Process;
3. Adjusting the Accounts;
4. Completing the Accounting Cycle;
5. Accounting for Merchandising Operation;
6. Inventories;
7. Fraud, Internal Control, and Cash;
8. Accounting for Receivables;
9. Plant Assets, Natural Resources, and Intangible Assets;
10. Liabilities;
11. Corporations: Organization, Share Transactions, Dividends, and Retained Earnings;
12. Statement of Cash Flows;
13. Financial Statement Analysis.