Accounting Principles

Learning Outcomes

On successful completion of this Course, students will be able to:  Generate the nature of a business the role of accounting and ethics in business, characteristics of an account, chart of accounts, journalizing transactions and an unadjusted trial balance; Arrange journal entries for accounts requiring adjustment and an adjusted trial balance, financial statement from adjusted account balances and closing entries; Arrange Journal and post transactions in a manual accounting system that subsidiary ledgers and special journals, also accounting process for merchandising business; Manage the inventory cost flow assumptions and how they impact the income statement and balance sheet, and the SOX impact on internal controls and  the application of internal controls to cash; Manage the accounting process of receivable, Fixed assets and intangible assets, Current liabilities and payroll  in business.

Topics

1. Introduction to Accounting and Business
2. Analyzing Transactions
3. The Adjusting Process
4. Completing The Accounting Cycle
5. Accounting Systems
6. Accounting for  Merchandising Businesses
7. Inventories
8. Sarbanes-Oxley, Internal control, and Cash
9. Receivables
10. Fixed Assets and Intangible Assets
11. Current Liabilities and Payroll.