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. Accounting for Merchandising Operations
2. Accounting for Receivables
3. Accounting in Action
4. Adjusting The Accounts
5. Analyzing Data with Pivot Tables
6. Cash & Bank, Disposal of Fixed Assets, End of Period Activity 2
7. Company Account and Contact List
8. Completing The Accounting Cycle
9. Corporations: Organization, Share Transactions, Dividends, and Retained Earnings
10. Creating Formulas that Lookup Values
11. End of Period Activity 1 and Sales
12. Financial Statement Analysis
13. Fraud, Internal Control, and Cash
14. Getting Started Making Charts
15. Getting started with journal and Opening setup
16. Getting Started with Microsoft Excel & Introducing Formulas and Functions
17. Inventories
18. Investments
19. Liabilities
20. List of Products and List of Fixed Assets
21. Other Lists and Accounts Payable
22. Plant Assets, Natural Resources, and Intangible Assets
23. Purchase and Expense
24. Statement of Cash Flows
25. The Recording Process
26. Working with Database Tables in Excel
27. Working with Formulas and Functions