Introduction to Accounting I (4/2 Credits)

Learning Outcomes:

Explain the accounting concepts and principles as a basis in the preparation of financial statements, and explain the stages in the accounting cycle; Identify the operations of merchandising company and the accounting cycle for merchandising company; Explain the concept and methods relating to inventories, cash, accounts receivable, liabilities, and equity of a company

Topics:

1. Accounting in Action
2. The Recording Process
3. Adjusting The Accounts
4. Completing The Accounting Cycle
5. Accounting for Merchandising Operations
6. Inventories
7. Fraud, Internal Control, and Cash
8. Accounting for Receivables
9. Liabilities
10. Corporations: Organization, Share Transactions, Dividends, and Retained Earnings