INTRODUCTION TO ACCOUNTING (4/2 Credits)

Learning Outcomes:

On successful completion of this course, students will be able to:  prepare all step in accounting cycle for service and merchandising company; explain the methods in recording and measuring assets that consist of inventories, cash, receivables, plant assets, and investments based on International Financial Reporting Standards (IFRS); explain the methods in recording and measuring liabilities and equity based on International Financial Reporting Standards (IFRS); prepare statement of cash flows; analyze companies’ financial statement; prepare data analysis using Microsoft Excel and configuration setup, master data, and transactions using accounting software.

Topics:

1. Fraud, Internal Control, and Cash;
2. Company Account and Contact List;
3. The Recording Process;
4. TUT Accounting for Merchandising Operations;
5. Completing the Accounting Cycle;
6. Inventories;
7. Accounting for Merchandising Operations;
8. Statement of Cash Flows;
9. Getting started with journal and Opening setup;
10. Financial Statement Analysis;
11. TUT Corporations: Organization, Share Transactions, Dividends, and Retained Earnings;
12. Investments;
13. Sorting and Filtering Data;
14. List of Products and List of Fixed Assets;
15. Cash & Bank, Disposal of Fixed Assets, End of Period Activity 2;
16. TUT Fraud, Internal Control, and Cash;
17. Conditional formatting;
18. Sales and Expense;
19. Creating Formulas that Lookup Values;
20. TUT Statement of Cash Flows;
21. Data Validation;
22. Corporations: Organization, Share Transactions, Dividends, and Retained Earnings;
23. Adjusting the Accounts;
24. Data Visualization;
25. End of Period Activity 1 and Purchase;
26. Other Lists and Accounts Payable;
27. Plant Assets, Natural resources, and Intangible Assets;
28. Accounting in Action;
29. Liabilities;
30. TUT Adjusting the Accounts;
31. Analyzing Data with Pivot Tables;
32. Accounting for Receivables;
33. TUT Plant Assets, Natural resources, and Intangible Assets.