ACCOUNTING PRINCIPLES (2 Credits)

Learning Outcomes:

On successful completion of this course, student will be able to:  Explain the accounting concepts and principles as a basis in the preparation of financial statements, and the stages in the accounting cycle; Explain the operations of merchandising company and the accounting cycle for merchandising company; Explain the concept and methods relating to inventories, cash, accounts receivable, plant assets, liabilities, and equity of a company; Analyze the company’s financial condition by using the information in cash flow statement; Analyze and criticize the information stated in the financial statement.

Topics:

Accounting in Action; Tutorial; The Recording Process; Tutorial; Adjusting the Accounts; Tutorial; Completing the Accounting Cycle; Tutorial; Accounting for Merchandising Operation; Tutorial; 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; Statement of Cash Flows; Financial Statement Analysis