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 MYOB.
Topics:
- Getting Started with Microsoft Excel & Introducing Formulas and Functions;
- Working with Formulas and Functions;
- Creating Formulas that Lookup Values;
- Getting Started Making Charts;
- Working with Database Tables in Excel;
- Analyzing data with Pivot Tables;
- Opening Setup – New Data File, Chart of Account, Customer, Supplier and Link Account;
- Opening Balances – Inventory;
- Purchase Transactions;
- Sales Transactions;
- Banking, General Entries, and Inventories;
- Reporting;
- Case – Opening Setup, Purchase, Sales, Banking Transactions, and General Entries;
- Accounting in Action;
- The Recording Process;
- Adjusting the Accounts;
- Completing the Accounting Cycle;
- Accounting for Merchandising Operations;
- Inventories;
- Fraud, Internal Control, and Cash;
- Accounting for Receivables;
- Plant Assets, Natural resources, and Intangible Assets;
- Liabilities;
- Corporations: Organization, Share Transactions, Dividends, and Retained Earnings;
- Investments;
- Statement of Cash Flows;
- Financial Statement Analysis.
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