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:

1. Getting Started with Microsoft Excel & Introducing Formulas and Functions;
2. Working with Formulas and Functions;
3. Creating Formulas that Lookup Values;
4. Getting Started Making Charts;
5. Working with Database Tables in Excel;
6. Analyzing data with Pivot Tables;
7. Opening Setup – New Data File, Chart of Account, Customer, Supplier and Link Account;
8. Opening Balances – Inventory;
9. Purchase Transactions;
10. Sales Transactions;
11. Banking, General Entries, and Inventories;
12. Reporting;
13. Case – Opening Setup, Purchase, Sales, Banking Transactions, and General Entries;
14. Accounting in Action;
15. The Recording Process;
16. Adjusting the Accounts;
17. Completing the Accounting Cycle;
18. Accounting for Merchandising Operations;
19. Inventories;
20. Fraud, Internal Control, and Cash;
21. Accounting for Receivables;
22. Plant Assets, Natural resources, and Intangible Assets;
23. Liabilities;
24. Corporations: Organization, Share Transactions, Dividends, and Retained Earnings;
25. Investments;
26. Statement of Cash Flows;
27. Financial Statement Analysis.